Crucial states. Markets are proceeding very cautiously. They are mixed at this hour after the dows 650point monday meltdown. We are only adding to that right now. Getting a little uncomfortably close to lows of the session. We are down 185. The low is a loss of 196 at the moment. You can see the s p is down seven but the nasdaq is holding on to some green here, up 50 points. No surprise, then, that megatech is powering the markets leaders. Could all that change tomorrow, when the top brass from facebook, twitter and google face the music in what is expected to be a contentious capitol hill hearing . Senator roger wicker is the chairman of the Senate Commerce committee. He will tell us what he needs to hear from Mark Zuckerberg, jack dorsey and sandar pichai. And breaking news out of tmobile. Forget telecom and 5g wars. Tmobile Just Launched a dual attack on cable and streaming leaders. Tmobiles ceo is here to unveil his brand new weaponry of offerings that has the stock moving higher a
Gold breaking out, comfortably three 2000. Lisa which is interesting because you are getting a risk off deal. You are getting a risk on feel. The private payrolls expected to have a modest rain at 8 15 am, not including the state and local government jobs, which are expected to state weaker performance. The financingget plans from the treasury department. At nine 45, we get u. S. 9 45, wepmi data at get u. S. Services pmi data. Jonathan lets get straight to the price action. We wake up from the tuesday snooze fest with some moves. The euro out to 1. 1834. Yields lower yesterday. This morning, up to 0. 53 . Thats the price action. The question of this morning in the keene household, in early september, tom keene has arranged for a day off. 29. 99 on spending mulan . Tom we celebrated the Disney Release last night by 2. Atching frozen not as good as the first one. Jonathan i saw the big news up front early this morning. The trading week does begin on a wednesday. The data coming out late
Something a little askew with the data. Consumer confidence coming in a little shy of expectations at 86. 6, down from 86. 9 in april, and a little lower than economists were looking for at 87. We will get to that data and what it all means for the economy. This is all still coronavirus data, and how much you can read into it is still in question. The first trading day in the united states, the s p up 1. 8 . Doing and leisure stocks well. The dollar index just a little like today a little light today. Crudee strong dollar, and oil is up 3 . Matt i almost want to ask how many years it took you to say leisure rather than leisure, but we will save that for later. Today. Big rally the dax adding another 100 points after a 370 point addition yesterday. To 11,500 as the stoxx 600, the broader european benchmark, get back to levels we havent seen since the very beginning of march. I think both of these indexes are back to levels we last saw march 6. In the pound, big rally against the dollar
Macys, looting as well. Tension across the city, no question about it. You opened correctly, which is this is not just about new york. It is not just about washington. It is about cities across the nation, the horrific events in buffalo and those tragic deaths in chicago as well. Jonathan for programs like this where we have to cover the markets, you have to stress to the size that this equity market just feels totally removed from the mood of this country right now. We talked about yesterday, and no doubt through this morning as well. Tom i am not going to mince words. Ive witnessed this before i was born with my grandparents. One set of grandparents completely removed from the depression, worried about the stock market. The other set of grandparents going, what are you, nuts . It is true futures are up. It is truly risk on. I would note brent crude get a near a 40 per barrel print. Jonathan a weaker dollar in the mix as well. Lisa, we heard from the president yesterday evening. A lot
Tom wti is leading down, no question, francine, but i would look at the remarkable decline of floating oil, global oil, brent crude, well under 20 a barrel now. For it to sustain under 20, a splint to me how some of these nations move forward. You were talking in the last hour with the tourist rector of greece. I dont know if oil is good or bad for the tourist director of greece, but 20 brent crude does not get it done for a lot of other people. Francine i mean, i think the price of oil is secondary. If you are the greek minister for tourism, he was very careful because he wanted to speak to other nations to see if it was ok. But do you issue a Health Passport . How do you do with people congregating in lobbies . A thirdce, it employs of their population. Now to bloomberg first word news with viviana hurtado. Viviana a new strategy to expand coronavirus testing from the white house, that is our beginning on first word. States receiving new guidance on how to build testing capacity, les