Remains complicated. Domm is watching what were seeing in todays trade. What is behind the surge today its about the tweets its about the idea that we could see some form of stimulus, although not the massive one youre going to see that happen and im going to show you the charts here over the course of the past two days, and 24 hours. This is the twoday chart. We kind of started yesterday right around here. You can see as we can move into the session, we have just gotten back everything that we lost and a little bit more over the course of the last 24 hours or so so, again, this move here higher and i can tell you word actually happened and positivity returned take a look at the 24hour chart of dow futures as things have moved, remember, a steep drop yesterday going into the closing bell and we were much in negative territory throughout the overnight session until just around 10 00 p. M. Eastern time thats when President Trump started tweeting out this notion that he could put out ther
Edition of squawk box, which is starting right now. Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Weve been watching with the u. S. Equity market and things are under pressure dow was down by 600 points on friday and adding to those losses today dow futures right now down by 273 points earlier this morning we were down by 350, so this is some improvement from a half an hour ago. The s p is down by 28 points the nasdaq off by 61 lets get rightto our big stor of the morning that is, of course, the Berkshire Hathaway meeting that was health over the weekend. Warren buffett speaking out about the Global Pandemic and his recent investment moves. This was a little different this year no crowds. Usually theres 40,000 people there. This time it was just buffett and Berkshire Hathaway Vice President on stable but his message was still received loud and clear. Buffett made the case that you should never bet against america, b
Coming through in bonds with yields climbing. Up by six basis points. Weakness coming through in the offshore yuan. We saw it weakening yesterday and we are watching moves coming into the Singapore Dollar that has fallen the most in the month against the u. S. Dollar. Generally broad strength coming through. Market falling to the lowest levels. Rishaad lets have a look at the hong kong executives response to the weekends of violence on the territory streets. Su keenan for the first word news. Hong kong chief executive carrie lam has appealed for an end to apps of vandalism acts of vandalism after some targeted subway stations over the weekend. She said the government is continuing to work on a platform for dialogue with the public in order to resolve tensions in society and said there was no need for interference in hong kongs internal issues. Treasury secretary Steven Mnuchin says the u. S. And china have made a lot of progress ahead of renewed trade talks next month, adding that the
Today buying about 4. 5 billion in longer duration securities. Tomorrow there is a 30 billion threeyear note option. A 21 year billion and a 30 year auction on thursday. Take a look at the tenyear note. Thats whats been driving the stock market to this point. 2. 8 million. Thats been the steady climber. After the numbers we got on friday, you can expect that that number might be continuing to increase. Andrew, welcome back. Weather here, not nearly as good as it is in jamaica. We have a bit of Corporate News. Mcdonalds, same store sales. Rising. 3 . Shares of the fast food giant, up about 10 so far this year though they are trailing the broader market. Also, a Supreme Court justice has now denied a last ditch effort by a group of consumers and travel agents to stop the merger of u. S. Airways and american air liningirlineairlin. Doug parker will join us at 8 00 eastern on cnbc. Internal jpmorgan emails show the bank favored hiring people from prominent chinese families in order to win
The jobs number. The nikkei is now up 50 for the year. That is the best since 1972. Our road map begins with momentum from fridays jobs numbers. Markets looking to extend their momentums today after the dow and the s p turn in their first jump since a month ago. American Airlines Begins trading today after they blocked the merger of american and us airways. Mcdonalds samestores sales. If you are attempting to travel for business, were going to get you updated on the fallout from the big Cross Country winter storm as it moves out of the northeast. First up, stocks hoping to continue their upward momentum from fridays jobs. A 198point jump in the dow sent the blue chips up above 16,000. They saw their weekly winning streaks snapped at 8. We came within. 75 of a point on the s p of making it nine straight weeks up in a row. We havent done it since 04. Missed it by that much. Lack of bad news. We saw friday the beginning of what a lot of people are thinking, wait a second. Maybe the transi