States right now in washington, fragile hopes for a stimulus deal remain Speaker Pelosi and secretary treasurer mnuchin are expected to talk this afternoon in hopes of getting a deal done. A full economic recovery has a long way to go and another expert said many lost jobs may not come back. All 11 s p sectors are lower 59 minutes to go we are making new session lows with the dow down 400 points. Lets get to the market downturn we just referenced. Mike santoli is tracking all of the action no trigger but a clear response. The only trigger that seems clear at all is the mark of 2 30 eastern time, when the downturn accelerated. It seems as if it is essentially kind of getting ahead of the close, peeling down exposure we did have that good rebound into last week from the late september lows we had some positioning indicators suggesting people were full up on equity there has been a pattern of strength overnight in equity futures opening up strong and selling throughout the day it seems li
Gained 160 points, but the nasdaq dipped 3. 4 we still care about the federal reserve. They know nothing just kidding. Or the president s speech tonight at the Republican National convention. But the core question is very simple, do you think we can beat covid19 sometime soon or are you expecting it to plague us into next year that can be difficult to see today, we were obsessed with fed chief jay powells big speech at jackson hole we parsed every word, and it wasnt worth parsing he was a prisoner of the flimsy orthodoxy, but these days he doesnt want to be the reason the economy falls apart. Hes saying forget the foolish ways of the past 40 years of fed chiefs his goal is to help the economy, period, until the pandemic lifts. Its joyful. Hes really smart and good guy thats a stock market like a supermarket. There are some aisles we want to go to when the virus is raging, and theres others we want to go to when its on the ropes. We dont know when well beat this thing ive been telling y
Good morning choose day the 2nd of june a very good morning for me kevin i would hear russia dotties world news h. Q. In moscow its me here take his through the headlines for the next half hour im going to stick around and so 1st of all a big these again this one is coming from the United States and its witnessing the worst race riots since the 1960 s. Now the nations gripped by violent protests for 7 days straight over the death of george floyd at the hands of the police at least 40 cities of impose curfews with the National Guard activated in at least 23. 00 states as well as washington d. C. So latest this morning when the mayor of new york has extended a citywide curfew as more looting erupted in midtown manhattan thousands of extra officers were sent to where there was particularly violent damage to property the governor of new york says violent protesters obscure the righteousness of the message. Next over washington protesters at a peaceful rally were forced off the streets with
A new date now for the referendum on amending russias constitution which would allow him to stay in power one says current and it will take place in less than 30 days. Good morning from russia just turned 11 am here now choosing the 2nd of june 2020 low for martys world news h. Q. In moscow its kevin owen here to take you through the headlines in more detail on all the big news is in from the United States again theyre calling it the worst race riots since the 1960 s. With the nation gripped by violent protests for 7 Straight Days now over the death of george floyd at the hands of the police at least 40 cities of impose curfews with the National Guard activated in at least 23 states as well as in washington d. C. So the latest the matter of new york has extended to citywide curfew as more looting erupted in midtown manhattan thousands of extra officers were sent to areas where there was particularly violent damage to property the governor of new york says the violent protesters obscure
Coronavirus. Obamaso sell barack we saw apple yesterday or the day before. We saw ashares selloff because vacated senate seat. It is difficult to do guidance. Fly up tol apply puma says the negative impact from coronavirus on sales will four paying customers on the be felt. Ship it uses to fly astronauts we dont have a number yet. Into space. It is a very fluid situation is it opens the way for private a lot of companies try to figure space tourism, but there is no out what it means for their price tag yet. Globalist when he four hours per supply chains and when it will quicktake. And in pick up again. We are watching individual stocks across the board. Stocks in europe being supported by the idea that the pboc and daylobal news 24 hours per officials in china will do more quicktake. On to spur the economy. 09. T crude at 58 francine russia temporarily we will speak with a deutsche banned the chinese from entry. Telekom chief executive. The who says beijings continuing efforts in hubei