Upside. Looking at commodities. Crude moving to the upside. A big move to the downside with , on the vaccine and signs of Economic Growth in the u. S. Particularly helping people not to look for havens or avoid havens, get out of them. Gold down half of 1 . Bitcoin surging up again, it has above 18,500. Juliette lets get the first word news. The head of the u. S. Government Coronavirus Vaccine program says results of trials by astrazeneca show encouraging signs it may help block the most severe cases. No one given the vaccine developed severe covid, while 16 people on the placebo debt. He called the results excited. Nine, reports 70 process astrazeneca report 70 success. The centers for Disease Control a model shows weekly u. S. Cases and deaths rising every week for at least the next month. Italy is the Second European nation to report 50,000 total fatalities. The u. K. Is extending lockdown next week in favor of even tougher regional curbs. Reports from washington say the Trump Admin
Disturbing and said it could top 100,000 cases per day. And we are preparing to close the books on what has been a rough first half of the year its included a painful, record breaking sell off followed by a fast, record setting climb back up stocks set therefore for their best quarter in decades. 59 minutes left of the session morgan, we are up a full percent on the s p 500 yeah, were watching that last day of the quarter, last day of the first day my goodness. Coming up, as we wrap up the first half of the year, were going to focus on why not work from home. Twilio stocks up in 2020 well speak with the ceo about the demand for his companys Cloud Services during the pandemic mike is tracking the Market Action kayla has the highlights from fed chair powell and secretary mnuchins testimony on capitol hill and joining us to look ahead to the second half of the year is lori but mike, lets start off with you and a look at the market this is a good illustration of the old say a iing dont sho
President trump is striking optimistic tone. Were opening up this incredible country because we have to do that i would love to have it open by easter. Cheryl we will get allstar analysis from the host of this show, Charles Payne will be coming up very shortly. Plus weve got a feel good story that you have to hear. A pizzeria owner new jersey, pulling out all the stops to make sure his employees get paid during this crisis. All that and more on making money. Cheryl and President Trump is wrapping up fox news town hall on the coronavirus response. That actually just happened a few moments ago. At the same Time Congress is still trying to put together a stimulus package for americans. We have blake burman live at the white house with a lot more as the president just finished talking to fox news. What do we know, blake . Reporter a lot of news here in washington, d. C. , on both sides of pennsylvania avenue. Lets start here, chairman, at 1600 as President Trump wrapped up the fox news tow
Admits damage. Bying their sales will fall half. Shery lets get a quick check of the markets close. We saw tech stocks weighing on the markets. Chipmakers tumbled the most in a month. The paying back some of its decline. Index. G on the we saw them trimming their sales forecast. We also had solid retail sales data, not to mention manufacturing numbers, undermining the case for a more dovish fed. Ups see how we are shaping for the asian markets. Sophie the headwinds are gathering for markets around trade and geopolitics. Awi stocks are said to snap bourdais rise for softer gdp growth from new zealand. We will have very little data to distract. Major weak is a spot. Huawei is reportedly basing for a seat dropping global phone shipment. They want to reduce chip orders. Checking in on commodities and oil, we are making a firm start to the week. Take a look. Adding about 2 10 of 1 after sliding last week 2 . Clocking a fourth weekly advance pushing above 1350 two a high. Higher, and ity cou
Unemployment rate rises slightly. Yields fall. Stocks surge. Is it really any more complicated than that . Its not. And, you know what, i thought we had i wouldnt call it a Perfect Press conference from powell, but i think we had a really, really good one, and i would say very dovish. So you take that, you take the report today, and thats why the market is up. The market has been up the last few days, and, frankly, now that were out of the woods, at least for now, and were always going to be, like the fed, data dependent, you sort of have the all clear Going Forward because theres nothing really something can pop up, and thats always what hits markets. But overall, the base case has to be the markets going higher. Shannon, lets sort of take stock, if you will, pardon the pun, of where we were at the start of the week to where we are today. We came into the fed meeting thinking, okay, the risk, and maybe a likely risk, the fed claire will be more hawkish than we really want. The market