Populating wall street are a bunch of weather man everyday you hear the forecast today the dow slipped some points nasdaq declined 1. 2 it is enough to make you take a meteorologist course to see which way the wind blows seems like both ways blowing at the same time. The tail wind dies and the market goes right back down again. You dont care about todays weather, what good is that for you on the forecast . It is easier said than done. How do you navigate your way through the confusing markets. Starting with the winds from the vaccine. We know it is a huge tail wind for the economy. Once people are vaccinated, we can open everything back to normal and more restaurants and retailers will make it and there will be more jubilation. The jubilation that kohls got underneath its stocks and malls can reopen and troubled retailers can be able to shooure and macys the younger robin hood traders are betting heavily on the cruise line, between the vaccine and soon enough well be able to take a cru
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
U. S. The global focus. Ines surged cases surged california and texas. Walmart demands customers wear masks. Knowing green. New south wales has a new plan for renewable power, energy and the environment. Quick check of the markets, u. S. Futures opening flat. This after u. S. Stocks climbed to a fiveweek high in the regular session. We have 10 of 11 s p 500 sectors closing up. He had vaccine developments bringing this rush of optimism to financial markets. This, despite escalating tensions between china and the u. S. Moderna and astrazeneca are rising on the optimism. More positive ecodata, u. S. Industrial output rebounding in june. Pickup in Economic Activity. Take a look at what oil is doing. Under a little pressure, headed towards the 40 per barrel level. This after jumping to a four month high. We had strong ecodata and we have President Trump indicating he doesnt want to add more sanctions against chinese officials for now, not to mention a report on a drop on u. S. Crude stockpi
Now more than 47 off the march low. The nasdaq closed at the record highs as well. This morning, seeing give back the dow indicated down by 345 points the s p indicated off 35 and the nasdaq off by 70 points. If youve been watching cha is happening with treasury yields, a lot happening. The 10year at 0. 82 we had been at 0. 9 . We had been at 0. 7 . We are seeing a little give back with oil prices seeing wti down just 0. 5 . We have another big show. Three squawk exclusive interviews taking place. Finding solutions for economic racial inequality. The highlight is ceo of e sen sur. And from barrons with a lot to say. Dick parsons will be joining us. A lot on tap thank you getting an update now on the reopening. Movie theaters in california can reopen on friday only if they obtain approval from county officials requiring imposing safe guards including limited attendance to 25 or 100 people, when whichever is lower. New york mayor bill de blasio is planning to make parts of manhattan, bus
That retaliation comment that mentions boeing. Did not mention apple, but apple is acting terribly did not mention Applied Materials. Had a great quarter, stock reversed badly its a surprise. I dont understand whats happening with boeing. You have this you have the ceo, who is blasting the clients, then you have china who doesnt want boeing, and a queue for boeing planes that is dissolving i dont like anything im hearing about boeing nothing. You mentioned the editor for the global times, he does say based on what i know, if you block further, we can add you to the unreliable list, and he says qualcomm, cisco, apple as well as suspending the purchase of boeing planes. This is terrible. The china haters and china lovers should look at our retail sales and say, you know what maybe we have to shut up a little bit here. Maybe were not as strong as wed like and we should hold out until were stronger ive been the hardest line on china. Everybody knows that im harder than peter navarro. But t