Good afternoon, everyone. I am delighted to welcome secretary pompeo back to london. We will be discussing a full range of issues today. We are going through a range of challenges in the world, fair to say, but also great opportunities, and britain and the United States are absolutely clean and focused. Aboute spoken today serious concerns about the situation in hong kong, particularly in relation to the National Security legislation. We talked about the u. K. Office, what we are doing in extending the extradition treaty, extending the arms embargo to hong kong. We will be meeting together with will be eyes and we discussing the next at the next g7. We talked about ongoing discussions with relation to 5g and how we can diversify telecoms and 5g networks, and also learning the lessons from the coronavirus about p. P. E. And other things and what we can do to facilitate that. We also talked about the free trade negotiations. We are looking for a meeting british and american businesses sh
Before it gets better. U. S. Secretary of state mike pompeo urges the world to stand up to china. In a separate report accuses beijing of digital. We work to convince the Chinese Party it is not the best interest to behave in this behavior ceo warns of tough times ahead. When we went into the group, we knew that would be challenging with all the shut downs in different parts of the world. We saw recovery in china which was remarkable we have seen a weaker u. S. Affected by the pandemic dutch paint maker says material costs will have a positive impact. But ceo warns the virus will continue to weigh for the rest of the year. We will continue to see ups and downs. It is lucky it has been balanced between Home Improvement and the market we feel it has been under control and stay vigilant. A warm welcome to street signs. I want to start the show with the update on the latest numbers in the states. More than 1,000 people died from the virus in the u. S. Yesterday for the first time over a mo
Tested. This is promising news. The production says it proves that the production does not prove that it is effective but it is certainly a step forward. The final stage of the trial is scheduled to start july 27. This data coming out in the new england journal of medicine. It appears that moderna in the lead with its vaccine candidate, producing antibodies in all 45 of the patients tested. I mentioned we are standing by for President Trump. The press conference scheduled to start any moment now. We are told that the South China Sea and ongoing relations with china will be the focus along with potentially rising cases of covid19 across the country. Meantime, taking a look at how this impacted the markets. Volatility again the word of the day. I want to bring in abigail doolittle, who has been following all of this. Abigail volatility is certainly the word of the day and really the word of the last month. The s p 500 yesterday unable to take out its high after the februarymarch crash. S
I would not be surprised if we were seeing a 1 down move. Futures lower earlier. Silver higher. Stocks might not be doing much but some of the frothy money seems to be going to the precious metals. Silver up a fourth day in a row. Not surprisingly the dollar down for a fourth day is helping. Itll be interesting to see whether than the dollar index can hold on. A sleepy summer day. Tesla will be reporting after the bell. David except for silver. Abigail is focused on the silver question. Thanks to that report on the markets. A breaking headline the bloomberg. The chump the Trump Administration are reportedly weighing in interim unemployment deal that may extend the Unemployment Benefits even if they cannot get the stimulus deal done. Well be talking with republican senator from ohio they are in the program. We will ask him about that. In the meantime one of the biggest questions facing the country is how and when to open our school system. We want to talk to the leader of one of the Lar
Good morning welcome to squawk box. Im becky quick with joe kernen and Andrew Ross Sorkin weve been on a bit of a winning streak up four days in a row. Yesterday the dow was up this morning, you are seeing a little pull back dow down s p down and nasdaq off by 172 yesterday, Goldman Sachs helped. Good news from moderna godm goldman came out with much better numbers than anticipated. Also looking at the trezy yield. The 10year is sitting about 0. 622 good morning. As joe mentioned earlier the twitter shares are lower after the company showed dozens of users were part of a twitter hack targeting some employees who had access to systems and tools. Among those hacked joe biden, jeff bezos, bill gates, elon musk all telling users to send massive amounts of bit koip to an address they are diagnosing the problem and will share everything once the picture becomes more clear if they got in through employees with tools and access to accounts that raises questions about security procedures at tho