Good morning and welcome to the show im dominic chu in today for Brian Sullivan lets get to the money and markets how theyre setting the day up solid gains. You can see here dow futures indicated higher by around 400 points a nice move there. The s p 500 up by 44 points and the nasdaq up by 150 turning now to whats happening with the bond market the yields moving higher currently at 69 basis points or 0. 69 . The two year note about. 16 and the 30 yearlong bond 1. 45 as well very strong from the starting position and you can see that now that translates to gains of less than 1. 8 on the ftse and typically its been one of the underperformers but you can see out in front today the u. K. Stock market not the 2 but also getting back some of the territory has been the german dax, 1. 5 you can see it suggesting a broadening out of this rally around coronavirus its up 6. 9 we had the resignation of the chairman and the ceo activists want job cuts. The unions had success against the Management Team and now the Management Team left a stunning report over the weekend. They failed to turn a profit from at least 2016 but thats fine because the asian business but the asian business is where the 1. 9 Million Euros have been missing through. Thank you very much. Now to the on going coronavirus outbreak here in this country becoming worse over the 4th of july weekend several states reporting Record Number of cases amid surging outbreaks but the Trump Administration continues to push forward with its bid to reopen the American Economy alice joins us now from washington good morning good morning, in the hardest hit areas leaders are warning that the virus is moving faster than they can to contain it. In miami the mayor saying that they are having exponential growth there while in houston. That citys mayor warning that hospitals could reach capacity in two weeks this morning concerns over how a Holiday Weekend of partying could add to a record breaking surge in coronavirus cases. While others shut them down and banned large gatherings. A mixed response to mixed messages President Trump down playing the seriousness and blaming increased testing. By so doing, we show cases, 99 of which are totally harmless. Not backing up that unfounded claim. Im not going to get into who is right and who is wrong. Those data show us that this is a serious problem. Houston is among the hardest hit. A month ago 1 in 10 people were testing positive and now its 1 in 4. The mayor of phoenix says the state reopened too early. We were one of the last states to go to stay at home and one of the first to reimmerse. The Trump Administration insists the city can continue to reopen safely. We are far better prepared to deal with those now than months ago. Officials urging personal responsibility to control the spread while many medical experts call for a National StrategyPresident Trump is also saying a vaccine will likely be ready long before the end of the year he would not back that up promising no vaccine will be released until its proven safe and ffective thats Berkshire Hathaway announcing its buying dominion. Spending 4 billion including the assumption of debt the deal totals almost 10 billion and marks the first major purchase from berkshire since the coronavirus pandemic and subsequent market collapse in march amid that deal, dominion is pulling the plug on its Atlantic Coast pipeline project with duke energy and uber reached a deal to buy post mates the 2. 65 billion dollars deal will be announced as soon as today. Reports of the potential union first surfaced last week after uber failed in a bid earlier this year to acquire rival Food Delivery Company grub hub. Back to you. Everybody trying to catch door dash there. Lets turn back to the markets as wall street looks to build on last weeks momentum despite the concerns surrounding the coronavirus. Do you feel comfortable right now given what you have seen i havent been comfortable in 25 years theres nothing to be comfortable about. You have to be aware that at any point you could have a pull back in the marketplace. So one of the things that i have been talking to investors about is convertible securities which is the midway point we inquirity exposure and not taking as much risk in the underlying equity. So i want to stop there because were talking about convertible bonds. Convertible bonds just for those we know many viewers know what they are but for those that dont theyre like hybrid bonds. Bonds with a conversion factor that lets you get stock at certain points in the bonds life its a hybrid. If thats the case, does that mean youre taking a very hedged approach to the market if you miss perhaps some of the rally here and you want to get involved, this is perhaps a good way to get involved because you had more down side protection in the event that you have a pull back in the market because you typically have about 50 of the down side participation of the underlying equity while still preserving 70 or 75 of the upside so youre taking a view on the market plus the convertibles universe today is over 50 in technology and health care. Which is the part of the market that you want to stay weighted too. That use of technology because of all the different ways that were living and talked about that before and within health care, clearly a cure to this pandemic resides in our Health Care System what would you say could take this market down thanks to the fed or bank of japan and everybody else out there look, we had an extraordinary decline in the First Quarter. At any point in time it could impact stocks and of course were in an Election Year how far down could equity prices go. It could be the put that everybody is looking for right now. Thank you very much. Always great to hear your thoughts. Thanks. When we come back on the show, the United Kingdom set to make a major policy uturnover huaweis 5g high speed Wireless Network in that country. Well go overseas for the latest on that story. Plus boeing looking to take the next step in its bid to bring the boeing 737 max jet back to the skies. The next hurdle the company now faces and pressure mounting on washingtons Football Team to change its name with minority owners now apparently looking to sell their stake in the team, a very busy hour still ahead when Worldwide Exchange returns right after this save hundreds on your wireless bill without even leaving 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, you 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. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. Welcome back to the show were exactly 12 hours ahead of us 5 15 p. M. Hong kong local time there. The next big hurdle of bringing back the boeing 737 max jet could come this week the wall street journal reports another government test flight is set to assess the safety on that aircraft. Pilots conducted three days worth of test flights. The faa order that grounded the planes in march of last year could be lifted in september sometime once theyre finalized and completed. It could be authorized to carry passengers by the end of the year the shares are focused. The wall street journal reports amazon and facebook and googles Parent Company alphabet face a slew of alleged anticompetitive behavior they would have to take more taxes and responsibility for illegal content on the platforms. The European Unions antitrust chief has outlined a comprehensive plan for Technology Companies instead of applying existing laws they want to work with eu regulators and are concerned with elements of the particular proposals. You can see all of those shares up in the premarket trade. Turning to now a developing story involving huawei the United Kingdom is preparing plans to phase out equipment from the Chinese Telecom giant good morning or afternoon to you. Good morning to you well, whats interesting about this story is that the sunday newspaper is reporting Boris Johnsons government is looking to tell the Nations Carriers to stop b stop buying huawei 5g and this marks a major uturn toward huawei given back in january to be apart of the nations 5g networks in a limited way. What has changed new u. S. Sanctions in may. Chips made with u. S. Equipment and software seems to be the big change one of the branches of the British Intelligence agency. Thats now in the hands of government ministers untrusted equipment. If its not able to get its hands on equipment and that could create security flaws and huawei has responded and is open to discussion with the u. K. Government have oversight over its technology as well what implications this has for huawei now and other european nations looking over at the u. K. And what moves to make when it comes to their 5g networks. One thing for certain is a big growth for huawei and what is a round two decade still back to you. So lets take us through the next steps here. Is this move significant enough to have ripple effects across other countries. Who are also looking to use Huawei Technology in their 5g Wireless Networks as well. It certainly could be this is a branch of the u. K. Intelligence services and their recommendation is that they feel that huawei equipment is not safe thats something that other nations will be looking at very closely. The u. K. Made their decision to allow huawei to have a limited role in its 5g network because they were happy that they could mitigate the risk and handle the risk if theyre changing their view on that. That could have had an effect in the u. K. And elsewhere you also have the u. S. Government continuing to pressure them. That could have an effect as well thank you for the update on huawei and the u. K still on deck for the show, facebook looking to take new steps to address the growing backlash Mark Zuckerberg and other executives are set to take part in thats coming up still ahead. Hey lily from at t here. With some helpful tips. Tip 1 you can currently get the amazing iphone 11 for halfoff 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. But what if you could stdo better than that . K. Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Now is the time to support the places you love. Spend 10 dollars or more at a participating Small Business and get 5 dollars back, up to 10 times with american express. Enroll now at shopsmall. Com. What youre seeing right there say live shot at new york city thats times square. Always quite this time of the morning but especially so during the covid19 error things will pick up a bit during the next couple of hours or so lets get a check on this mornings other top headlines. Not far from there in the newsroom with the latest. Good morning. Theres also a violent Holiday Weekend here in new York City Police say at least 42 people were shot and at least 9 of those victims died nypd says most of the shootings occurred within a 15 hour period a judge scheduled an arraignment and bail hearing on friday from the long time associate. The 58yearold was arrested at a state in New Hampshire yesterday. Helping them recruit and abuse underage girls New Hampshire has agreed to be moved to new york. Federal prosecutors say they expect her to be transported early this week. She faces four charges in connection with transporting a minor for criminal Sexual Activity maxwell previously denied any wrong doing. And finally kanye west is running for president. The multiplatinum rapper announced hes making good on his 2015 promise to run. Previously he had been vocal about his support for President Trump and while its unclear if he is serious he already has a couple of billionaire backers. Elon musk and mark cuban both voiced their support vegas has his odds at 661 thats about the same chance that Vice President mike pence has at winning the election. I thought maybe thats a little bit expensive but what do i know im not the book maker out in vegas right now. It wouldnt be the craziest thing to happen in the year 20. 2020 is certainly shaping up to be an eventful one for sure thank you very much. Were still on deck for the show lets make a deal. Congress preparing to try to reach an agreement on more stimulus amid the coronavirus outbreak hes breaking down what needs to be in the package. Thats coming up nt. Ex plenty more Worldwide Exchange is still ahead i am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Iredefined the wordng thschool this year. Its why, at xfinity, were committed to helping kids keep learning through the summer. And help College Students studying at home stay connected through our university program. Were providing affordable Internet Access to low income families through our internet essentials program. And this summer, xfinity is creating a Virtual Summer camp for kids at home all on xfinity x1. Were committed to helping all families stay connected. Learn more at xfinity. Com education. Futures pointing to a strong start to the week as investors look to build on wall streets winning ways warren buffets Berkshire Hathaway buying dominion energys natural gas assets well tell you why this is noteable plus the Washington Redskins look closer to changing their name after years after controversy and a Major Company could be the deciding factor in that its monday, july 6th, 2020. You are watching Worldwide Exchange right here on cnbc. Welcome back to the show im in for Brian Sullivan today. These gains hold into the opening bell the s p by about 42. And now that positivity is also translating into treasuries as well people are selling the safety of u. S. Government bonds pushing yields higher. The benchmark 10 year note yield around 69 basis points or. 69 the 2 year note yield arou around. 16 . As for the global markets, europe, again following asias lead seeing plenty of green across the board as you can see there. Shares in Mainland China are surging with the shanghai composite soaring 6 you can see the european trade following suit as well leslie is back with some of those. Lets start with facebook this morning. This social media giant grapples amid calls for the company to do more so crack down on hate speech targets higher starting minimum wage is now officially in effect as of saturday the company will pay workers at least 15 per hour the retailer first announced plans in september 2017 to raise its minimum wage to that amount by the end of this year. New york city will enter phase three of the reopening but without indoor dining. This includes resuming personal Nail Services including tanning salons and massage parlors thank you very much for that. Lawmakers in congress are gearing up to hash out around round of aid to help americans and the u. S. Economy amid the continued coronavirus outbreak lawmakers are stuck on what exactly the next aid package will look like and how quickly it may arrive. This as Morgan Stanley warns that the biggest risk it sees for the markets is if that package, that package of aid falls short saying that it may take a quote market wobble this month to get the package over the goal line. For more now im joined by American Enterprise institute, Economic Policy analyst and he is of course also a cnbc contributor. So we heard so much about the fed being the driving force behind the markets and arguably the economy right now but we are turning a very watchful eye to the fiscal side of things. Is it that key to the economic recovery yeah. I think that it is important youre speaking about the fed. Clearly chairman powell thinks its important he was very, very strong at least for our fed chairman i dont know if you saw late last evening, wall street standards are very sarcastic Goldman Sach