Chancellors statement . Were they in strong agreement with him . Anna he has a lot of support within the story within the tory party. Good morning to you, tom. Rishi sunak thrown into this incredible task of managing the u. K. Economy through all this. He remains very popular within the party. Interesting to see from the other side of the political spectrum, the criticism that he is not done enough. Maybe he is saving something for the autumn, but it will be crucial to watch what happens with unemployment. That we have an end mechanism for the furlough scheme that has done so much to support employment for this country. How much happen and will employment spike . Thiswere people riveted to , the statement at the beginning that the pandemic is terrible. Were people riveted to his speech yesterday . Anna im not sure that riveted is a way to describe it. Earlier, that dominated the day to day conversation, the conservative party stepping in in a way that you might expect a Labour Governme
Holla Frank Holland. Stock futures are hovering arnt flat after a lateday rally yesterday as investors brushed off continued increases in covid19 cases around the u. S. The nasdaq leading the charge rising nearly 1. 5 to close. Its the 25th record close for the index this year. Take a quick look at the bond market, the 10year yield trading around. 65 . Well go worldwide now karen cho is in the london news room with the overseas action. Well get to karen in just a minute well get worldwide in just a minute first, lets get a check on this mornings top stories. Of course, a lot going on with the economy. Covid19 openings and reclosings well continue to keep a close eye. Right now our leslie picker is here to join us with more. Good morning. Walt disney world will resume selling Theme Park Tickets and taking Hotel Reservations today. The Company Announced the move yesterday after suspending the sales amid the coronavirus outbreak disney will open the Magic Kingdom and animal kingdoms this
Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick with joe kernen and Andrew Ross Sorkin well start with the markets after the dow fell for the first time in four sessions. Airlines, cruz and retailers all fell during yesterday sessions those have been the volatile stocks if you look at u. S. Equity futures this morning, youll see green arrows the dow indicated up by 28 points nasdaq up by 24 and s p up 4. 5 yesterday, the dow was down 170. During the course of the morning, we were watching the futures and up as much as 250 in the morning. Weve been keeping an eye what is happening with the treadsry markets. Right now, it looks like that 10year yield is just at 0. 71 andrew good morning. Thank you. United states pulling out of talks with europe to tax tech giants Steven Mnuchin saying international talks have hit an impasse and there wasnt even room for an interim deal it threatened retaliation if they move ahead with plans of their home a number of European Compan
Defer paying their income tax and we expanded tax refunds, very substantially. Thanks to our efforts and incredible resilience much our nations Small Businesses, and i really think we can add the foundation that we built. We built the greatest economy ever built. And that foundation was so strong, instead of coming weekly back, or going in the other direction, because this is coming back and we havent totally succeeded yet. We will soon, but we havent killed all of the virus yet. And yet you look at these numbers. That is based on a very Strong Foundation we built, a Foundation Like no other, a foundation had we not been attacked by this virus, this horrible virus we were doing things and had things planned that nobody else had ever even thought of. Paying off debt, building numbers, the likes of which nobody has seen. And yet next year well be in a position where i believe in a certain respect i think well even be stronger than we would have been because of what were doing but only th
Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic sledding. The news out of 12, 13 states probably not great either. I think it would be hard for me to sell right now. You wait around. We dont invest. You would have wis