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Countries, targeting the development of treatments and vaccines. You heard it here first, back in april, when senator tom cotton joined me on sunday morning futures. You believe that they are stealing intellectual property right now as we speak. I have little doubt that the Chinese Intelligence Services are actively trying to steal americas intellectual property as it relates to the virus that they unleashed on the world. Maria and now we have the of usual word. Breaking the official word. The u. S. Ordered china to close the consolate in houston as reports come in of documents being burned on the site. We have the late echt. Markets looking at a lower opening for the broader averages, futures indicating a decline at the start of trading, 88 points lower on the dow, nasdaq lower 17, s p 500 lower by 10 and a three quarters. The dow and s p 500 continued a winning streak yesterday. The nasdaq took a breather. The nas ....
In part because the u. S. Has the largest outbreak in the entire world right now for covid19, as we near 2. 6 million cases. To give you some context, back in march, the European Union restricted sop nonessential travel to about 30 countries to lessen the spread of the virus. Hours ago the eu decided to ease those restrictions, and allow travel from 15 countries, including china, south korea and new zealand. The u. S. Is not on that list. Meaning starting tomorrow, july 1st, American Traveler also not be allowed to fly into europe for at least two weeks. The spokesperson for sfo told us this is a disappointing announcement and sfo was the first u. S. Airport to require facial coverings and theyre continuing to lead the way in measures to protect the health and safety of their employees and travelers. In a statement, doug yeagle writes this decision overlooks the efforts al ....
Liz i do think spreads are important to watch. We always know theres a tight connection between the credit markets and the equity market. Especially high yield vs. Equity and i agree that when spreads got as compressed as they did, there was probably not sufficient compensation for those hotelers for the likely risk. Were seeing in it bankruptcies, which have spiked back up. They had a spike in may, leveled off and theyre picking back up back to 2009 levels and i do any what happens with spreads and more broadly in the credit markets, as it did in the march time frame will inform what happens in the equity market. Equity investors need to have a particularly close eye on the credit markets right now. Were seeing about a 50 uptick in terms of your average trading for the nasdaq. And what are you expecting for next week . As renee was telling us earlier, were heading towards a shortened week. Early data on the labor market only thursday because of the ourth of july holiday weekend. Lils ....
Update, and well speak with a lawmaker representing one of the hardesthit districts. And the case biden is making for his economic plan as well as efforts to combat the climate crisis. Details on a Search Warrant were learning the Special Counsel investigating donald trump got for the former president s twitter accounts. And new Development Related to Georgia Election interference case. All of these stories are coming right into to cnn news central. One hour from now, official will hold a News Conference and the big island. And winds continue to spread. Josh green, who is back to the fate after cutting hi vacation short, says he expects, quote, some lot of life due to the fares. Right now theres still ....