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Speaking out on social justice what amazon and facebook are doing this morning stay ahead of the conversation youre watching Worldwide Exchange right here on cnbc. Good afternoon, and welcome from where ever in the world you may be watching. Could be another very, busy week in the markets and otherwise the big question today really for the markets is whether this incredible rebound rally will roll on. Futures right now are showing that it might. A price like that its the first record closing high since february 12th really number one optimism that the American Economy will recover faster than expected with data point ceos and all coming back quick. And trillions of dollars around and finally the old t trade, there is no alternative as bonds lose their luster. And bonds in the last few questions absolutely dumped. Investors selling treasuries and buying equities and of c ....
He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a break thus far. His tech holding up again . Abigail tech was holding up, you had the faang Index Holding up. Do your point, out of the march lows, tech is up in a big way. The faang index up 20 . To the downside, the financials continue to lag. This year there down 30 . That is 10 of the market. The s p 500, to continue the rally out of the march lows, you will need to see all the sectors get on board, the banks, the industrials, and some of ....
A lot of focus on the u. S. Jobs report we saw in the u. S. As you look at the pound its 1. 3003, we need to look at the trade relationship and negotiations between the u. K. And eu. Up versus dollar currently 109. 68. Coming up we talk all things geopolitical and geopolitical at 11 00 a. M. London time. Lets get the first word news in new york city. Volcanoe philippines, a eruption is prompting evacuation of thousands. Triggered earthquakes and spewed ash across manila. Markets were suspended, experts morning a hazardous explosion explosive eruption is possible within hours or days. U. S. , the nation is looking at reviving semiannual talks with china. There will be used to discuss the economic relationship between the company countries. Today, chinas vice premier heading to the u. S. To sign phase one of the trade deal on wednesday. Many shortcomings, that is the conclusion of the report during hong kongs recent unrest. The investigation finding a lack of communication, no clear guid ....
Global economy. Welcome to bloomberg surveillance. Itsve a lot to get to, five days of a packed agenda. We have many World Leaders at the forum. No matter where you are in the world, we need to check on the markets. The markets a little bit thin on compared to other days. Im looking. In crude oil is one we need to watch out for. You see on the screen, really rising today. Lower, ittocks edging will be appropriate earnings and gold climbing parade get to the first word news. Libyas oil industry have been caught in the crossfire. They havewn shot shut down and output 2011, peacesince talks are underway to work towards the p cease fire. Oilfieldave halted an letting widespread a second oilfield is expected to closure. Around 600 people have died and thousands wounded. In the u. K. , prices increased for the most on any january on record. 307es increased to nearly south of the pound. Before a new tax on foreign investors. China at leas ....