Speaking out on social justice what amazon and facebook are doing this morning stay ahead of the conversation youre watching Worldwide Exchange right here on cnbc. Good afternoon, and welcome from where ever in the world you may be watching. Could be another very, busy week in the markets and otherwise the big question today really for the markets is whether this incredible rebound rally will roll on. Futures right now are showing that it might. A price like that its the first record closing high since february 12th really number one optimism that the American Economy will recover faster than expected with data point ceos and all coming back quick. And trillions of dollars around and finally the old t trade, there is no alternative as bonds lose their luster. And bonds in the last few questions absolutely dumped. Investors selling treasuries and buying equities and of course moves inverse to price rose 40 last week from bonds from yields this weeks fed meeting will also be huge if theres any sign the fed will likely keep the stimulus going it is possible stocks could keep running to the fed, big this week all right. Now lets go around the world. Well see if asia and europe are following our friday rally you have matt taylor in singapore. Juiliana is in london. A lot of green on the screen overseas as well i would imagine. Absolutely. Another green on the screen but it wasnt really anything to write home about if we show you some of the closing numbers. We did only have modest gains for the likes of hong kong essentially around a tenth of 1 as well. And it was up about 1. 4 and we have revised gdp numbers showing that the contraction that we saw in the first three months of the year was not as sharp. We saw a contraction of 2. 2 against the preliminary estimate of 3. 4 . So not avoiding a technical recession. We had a contraction in the Fourth Quarter as well thats not as sharp as anticipated. The economicrecovery may not b on a recovery. 3. 3 in may and this followed a rise that we did see in the previous month in april. On a year ago as well that was worse than expected. And rallying up by some and new zealand reporting zero active cases of coronavirus and as a result its going to start easing the lock downs and reopening the economy. From midnight tonight there will be no social distancing. The new Zealand Market up sharply and airlines rallying by some 9 . Back to you. Good news there for new zealand as well. Thank you very much. Now lets get the early trade in europe as well everybody is watching the german markets, the u. K. Markets, especially the banks guiliana has more with how theyre looking. Good morning. We started out on the back foot but we bounced off the lows this morning. Lets put this into context. Last week was an incredibly strong week. The german market, the French Market all put together gains of more than 10 here in the u. K. The ftse 100 traded 7 higher last week and in terms of the trade this morning, another Strong Demand for the most unloved part of the market so oil and gas stocks, banks, autos are very well bid this morning. On the down side the more quality part of the market underperforming so the likes of health care, Household Goods and technology so a continuation of that trade and a lot of the momentum coming from jobs report in the u. S. But also last weeks announcement from the European Central bank and expansion and extension of their Pandemic Emergency Purchase Program so more support from the central bank along side more support from fiscal authorities here in europe all of that providing a supportive backdrop for equities back to you. Well see you in a bit. Thank you very much. Well, back home here in the states there is big progress in the push to reopen the American Economy. The epicenter of the coronavirus outbreak entering phase one of the reopening plan today what exactly does that mean . Good morning. Hi, brian, good morning its been a Long Time Coming after nearly two months the big apple begins its phase reopening plan today allowing construction, agriculture, manufacturing and trade to resume operations. Retail stores can begin to offer curb side and in store pick up economists expect 200 to 400,000 people to be able to return to work today for the First Time Since the pandemic began in the wake of the recent social unrest and protest over Racial Injustice and Police BrutalityRoger Goodell admitting that the league was wrong for failing to listen to players that protested social injustice on and off the field. But also admits fault for not listening to players. The spacex ceo is telling his employees to accelerate progress on its next generation star ship rocket dramatically and immediately according to a company wide email this weekend. So in the email musk said please consider the top spacex priority anything that could reduce drag and return risk to be tarship it aims to be fully reusable and launch as many as 100 people at a time on missions to the moon and mars so yes, new york City Reopening today. Its been a Long Time Coming so good to see it. Back to you. Been a couple of months it feels like a thousand centuries. It doesnt matter how fridays jobs report is analyzed the recovery of the economy started at the beginning of the reopening of the economy and underlying momentum can go undetected the dow jumping more than 800 points you have to recognize when you open the economy, especially in the United States being so dynamic, you immediately get recovery it speaks to the restart of the economy, rehiring of people and restocking of inventory and youll see this today the same in new york city all the people come back in and youll see a big jump in capacity and i think this is what the market is saying. And this is why the market is rallying. I like the optimism but the reality is that nobody is suggesting that well wipe out all the job losses in the next couple of months its for much higher unemployment by the end of the year you did start at a trough. There was stimulus to get the market recovering it and open the economy and at least the record highs to get above it and the fully recovering economy will take further time before we can really say that were back at full capacity here and employment is back to where we came from so where is there room to make money . Theres room to go where is it . And thats where the option still is and the financials too. Now were going to get the program really kicking into the economy. So plus thats a reflection of future growth. Thats all very supportive of the future sectors by the way, a big faf rit now has gone up 50 and 60 in a couple of weeks. Thank you very much. We appreciate it. All right we are just Getting Started here when we come back a rare sight a united opec making the call to keep it under oil. Why your next guest says the focus now shifts to you the consumer plus a wild weather warning as Tropical Storm making landfall on the gulf coast. The latest on its strength and track in a moment and later on, much more on new york citys reopening including an exclusive look at the virus Prevention Technology inside of one of the cities most high profile real a ryte developments. Ve busy hour still ahead when Worldwide Exchange returns. Hey lily from at t here. Im back and while most stores are open, im working from home and here to help. Heres a tip get halfoff the amazing iphone 11 on at t, americas Fastest Network for iphones. Second tip you can put googly eyes on your stuff to keep yourself company. Uh for example, thats heraldo. Hes my best friend. Oh, sorry nancy, i forgot you were there. Get the amazing iphone 11 for halfoff on at t, americas Fastest Network for iphones. Communities of color have always been underrepresented in the u. S. Census. That means less federal funding for schools, hospitals, libraries, and other Public Services for Diverse Communities and less representation in congress. This year, its critical that you participate in the 2020 census. Its safe and confidential. Lets make sure everyone is counted in our community. For more information, visit getcounted. Com, and to participate, go to census. Gov. You say that customers maklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Surprising nearly everyone with a quick and drama free virtual meeting. The group held by the strong hand of the Saudi Energy Minister agreed to continue its Current Record supply cut of 9. 7 Million Barrels a day. They were also able to get iraq and nigeria to agree to enforce their own quarters both are been seen as cheating to raise output and will revisit the deal in one month and will raise output by 2 Million Barrels a day. With american production dropping the focus now turns more to the demand side and how fast the American Economic recovery and how much inventories are getting drawn down clay joining us nice and early this morning from texas. We love that very much thank you for joining us we talk about inventories and ships being loaded and how much have inventories come down according to your analysis according to our data they have come down a bit off of their highest levels in april. So were looking at about 150 Million Barrels of crude oil thats still in storage. We still have 85 Million Barrels. Theyre starting to be pulled in as Economic Activity picks up post lock down but the story really varies region to region. Okay. So is there any reason to still be concerned about tanks overtopping or ships all of these people paid 200,000 a day to store the oil, are they going to get their shirts i almost said Something Else handed to them . This is part of the supply and demand rebalancing in order to find that equilibrium price so as transportation picks up post lock down so its less economically possible. You can still see that taking place where european markets have pulled in some of those products and have gotten them to consumers picking up their activity people are going to be looking when it comes to the oil markets which of course moved the equity markets the equities move in advance is it comes down now to jetfuel and driving . Do we have to look at all the transportation data and how planes get back in the sky. Its emerging right now with gasoline but all margins are under pressure in this recent move overnight selling prices of oil it has the potential to get a head wind to this recovery that youre referencing but when it comes to gasoline i see a Silver Lining in the United States those east coast refinery systems and fuel systems are starting to increase their gasoline again a lot of our viewers say why are we still importing so much oil given that we have an american industry which by the way is better off at 40 barrel but thats no saving grace for an industry dripping in debt and shedding jobs. Why are we still importing so much oil we still need to make gasoline but what we do see for the industry is these companies in the United States that are especially involved in crude exports have done well one of the really interesting findings is that throughout the lock down period, throughout the price downturn, u. S. Crude exports remained pretty robust so it is finding home in the market as long as theres demand and the price differentials justify it and well continue to export our oil in china, far east, india and europe thats what we have been seeing in may okay. Great stuff there. Good analysis as always. Clay, good to chat with you. Talk to you again soon thank you. Thank you, sir. All right as we head to break, look at apple and maybe a big sign of the time apple winning a patten that could generate what it calls Synthetic Group selfies as a way to take a group photo even when users are trying to stay socially distant no indication of how or when apple would decide to use the software but its interesting, remember the synthetic cdo the synthetic selfie he said by the seashore were back right after this. Dow futures up 169 can i find an Investment Firm with a truly longterm view thats been through multiple market cycles for over 85 years . With capital group, i can. Talk to your financial professional or consultant for investment risks and information. Talk to your financial professional or consultant okay, give it a try. Between wisdom and curiosity, theres a bridge. Between ideas and inspiration, trauma and treatment. Gained a couple of more pounds. Thats good for the babies. Between the moments that make us who we are, and keeping them safe, private and secure, theres webex. Beautiful. You have the support of a, probiotic and the gastroenterologists who developed it. Align helps to soothe your occasional digestive upsets twentyfour seven. So where you go, the pro goes. Go with align. The pros in digestive health. And if stress worsens your digestive issues, try new align digestive destress. It combines aligns probiotic with ashwagandha to help soothe occasional digestive upsets, plus stress that can make them worse. And try align gummies with probiotics to help support digestive health. Futures are up 160 points on the dow. Any gain in the nasdaq or nasdaq 100 is a new record high for the markets. Coming off an 850 point gain on friday right now with a big fed meeting on top this week that momentum looks set to continue theres so much going on right now. You also have to get a check on some of the National Stories francis is in new york now with those. Family, friends and the public will say their final goodbyes to george floyd before he is layed to rest on tuesday in minneapolis where he died, a veto proof majority agreed to dismantle the citys Police Department at a Community Meeting the president of the counsel called the citys relationship with the department toxic one said the counsel would work to dispand the department and its current iteration police have not responded to the announcement the confirmed global death toll from coronavirus reached at least 4,000,000. The grim milestone coming a day after brazil broke standard protocol and stopped reporting the number of deaths in the country. The south American Country has been devastated from the virus Tropical Storm cristobal made landfall just hours ago and moved along the gulf coast the eye of the storm came ashore with powerful winds and driving rain to cause flooding in some areas. Many roads have been swamped and low lying areas are evacuated. Louisiana declared a state of emergency. So hopefully Mother Nature will be cooperative with them to help them out they need it straight ahead. Why the stay at home trade is over as the market powers back two all time highs Jenny Harrington is here the best ideas of where to put your money to work maybe some of you start to go back to work new york citys phase one reopening begins today were back right after this. Need better sleep . Try natures bounty sleep3, a unique trilayer supplement that calms you, helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. Only from natures bounty. Sawithout evenon yoleaving your house. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. More new highs for Technology Futures coming off of fridays 850 point gain. In the face of the markets race back to records were going to reveal the one stop, just one out of the s p 500 that is missed out on the come back plus big tech taking a stand on social justice in a big way. What does it mean for the equities monday june 8th and youre watching Worldwide Exchange here on cnbc. All right welcome back and good monday morning. Thank you for joining us on Worldwide Exchange and starting or ending your week with us depending on where in the world you may be theres two stocks that we want to focus on to kick off this half hour of coverage on a monday morning both linked to the reopening of a growing economy and that v shaped recovery a faster Recovery First look at the airlines in the premarket. Those are just the trades right now. American up 10 . United, 9 jet blue, sp