7488003. Or you can join us on twitter, cspanwj, or facebook. Com cspan. We will get your thoughts here in just a minute, but first joining us on the phone here is lawrence hurley, a Supreme Court correspondent. What was the question put to the courts and what did they decide . Guest thanks. The question is whether sex discrimination within the title vii, which is the federal law that bars employment discrimination, whether sex discrimination applied to Sexual Orientation and gender identity. The court in the ruling ,esterday said that it does which was surprising to some because you had chief Justice Roberts and justice and neil gorsuch joining the four liberals, as you mentioned, in that ruling. The court basically said that any kind of discrimination on the basis of sex is kind of a broad concept and that can include elements of discrimination that concern Sexual Orientation or gender identity. It reads prohibits employment through discrimination based on color, sex, andigion, natio
Markets up on this tuesday a u. K. Clinical trial known as recovery found a possible treatment for cobra 19 while providing low doses of the generic state steroids drug dexamethasone to patients with the coronavirus reduced deaths by up to one 3rd in severely ill hospitalized patients for patients on oxygen it cut death by a 5th while Oxford University professor Martin Landry coleading the trial said this is a result that shows that if patients who have coma 19 are on ventilators or on oxygen are given back some of the stone it will save lives and it will do so at a remarkably low cost co lead investigator peter or be added its a major breakthrough docs some of the stone is an expensive on the shelf and can be used immediately to save lives worldwide meanwhile stocks also jumped off of the u. S. Commerce Department Released data on Consumer Spending for the month of may after 2 consecutive months of record drops retail sales posted a record. 17. 7 percent thats more than double previou
That investors will start moving out of bonds. If that happens, that could be the next big rotation possibility to keep an eye on, out of bonds and into stocks. Should that occur, it will suggest the rally we are seeing they have legs and could continue. David take the flip side of that. It is a good point. If we do not have rotation out of bonds, does that Say Something about where the equity markets are headed . Abigail it could, indeed. Equity investors are watching bonds. When bonds were in rally mode, there were people reluctant to get into stocks because they were curious of what bonds were telling them. That was true in the summer of 2018. If we see bonds stagnate, that may suggest the rally we have seen for stocks will stagnate. Right now it is largely about the dollar. That is tied into bonds. The dollar has been week. As we have yields rising, the dollar has been going down. The yield curve steepening, supporting that as we have had the dollar go down over the last several da
Ready and waiting. Jerome powell says the fed is willing to use all weapons to combat the coronavirus downturn. Philip lane says the ecb is prepared to boost bond buying. Andrew bailey testifies in front of lawmakers today. A lot of centralbank action. Global coronavirus cases near 5 million, as one report throws cold water on modernas vaccine testing. That is what drove stocks lower yesterday and now we see futures down here, up in the u. S. And asia, say mixed picture. J. P. Morgan joins a Goldman Sachs in saying that further quantitative easing is needed to cap bond yields. The u. S. Is so strong a billion dollars of 20 year treasuries today and it looks like a lot more supply is getting mopped up by the central bank. An hour away from the start of cash equity trading in europe. Take a look at the picture here. Arrowslooking at all red in terms of futures, euro stoxx, ftse futures and dax futures are down. If you take a look at the u. S. Futures picture after the downturn yesterday,
Sentiment. Energy stocks higher now for the second day in a row. Thats as oil jumps to its highest level in nearly a month. Back near 30 a barrel whats going on there . Plus, texas reopening. Maybe that has something to do with it. Texas reopening restaurants and Retail Stores over the past week well talk to one restaurantur who owns about ten restaurants in texas looking forward to that. Thanks stocks are on track for their worst in two months. Even as we take a peak at green, positive territory. If you take a look, tyler mentioned a 270 point decline for the dow industrials. We are hover, there you have it. A new fresh intraday high as the dow is up 32 points. Its not a lot but all three sectors in the green they were all in the red at one point so far today take a look at energy. We mentioned those oil prices. Remember, focus on technology. Were marginally in red territory. A volatile session for the bond market on this friday after a record drop in retail sales. Lets get to rick fo