I think you charge more for insurance when your car is black. So people are on that zoom plant form weeping they recognized it yes they have been drinking your drinks, buying your shoes, yes everything we get penalized for a color that you love. Yes, june 19th for everyone, all of the overs, we need that we deserve it, it is the right thing to do. We certainly appreciate you taking time and your strong wordest and powerful words it is something were going to follow closely to your point we nose those corporations well. We look forward to you potentially join u. S. Us again to update us please,please, im not a huge interview fan, but when it come thost this im right here, im at attention, im in service, and i would love every other company to match our pledge thank you Pharrell Williams joining us, carl over to you thank you, david. Good morning, welcome to squawk alley. Interesting market set up this morning. Had a lit of an early test as the nasdaq was down about half a percent. We ha
A much overdue look at the cyclical rally and the reopening story in general the v rally that a lot of people have been hoping for has been inverted theres an inverted v thats actually been happening. Lets start with Energy Stocks marathon, mro. Marathon was 6 at the start of the month. It goes to 9 and back to 6. This is essentially an inverted v. Hess looks the same way. If you look at general electric, it goes from 6 to 9, i believe, and goes back down again to essentially 6 and change, same situation, a v there caterpillar looks the same way united airlines, we watched with our mouth open it goes from 30 to 50 and back into the 30 range, all of this in a few weeks the market cap of citi group goes to 60 and back essentially to 48 thats what im talking about these inverted vs travel and les yoisure, 30 to. Youd think bond proxies would do well in this environment, but not today. They had a modest rise about 10 in the last few weeks, but even they werent safe. The market has voted it
Lufthansa looks to take off. Efrp eu regulators approve the plan bayer stock gets a boost after the german drug giant settled hundreds of claims around the weed killer roundup ending years of disputes it was a grim day on wall street losses more than 2 suggesting we will extend these losses after america recorded nearly 35,000 new covid19 cases in one day. The highest level since the number peaked in late april. California and florida both logged a record rise in daily cases. Disney has postponed the reopening of the park in california originally scheduled for july the delay comes as disney workers in florida urged local authorities to reconsider plans to open the orlando site due to a recent spike in cases. The company welcomed visitors to hong kong. Apple has shut a number of stores in texas due to the spike in the cases now temporarily closing seven houston area locations following similar moves in arizona, florida and north and South Carolina new york, new jersey, and connecticut i
Department after george for its killing triggered mass demonstrations in the u. S. Coronavirus reaches another milestone 7000000 confirmed cases worldwide but a record surge isnt stopping india from reopening. And abandoned for decades but now a nazi Submarine Base has found new life as the Worlds Largest digital art Space Transport premier League Champions Manchester City are hoping for a big win in the quarter and the club aiming to overturn that syria ban from playing in European Competitions. Starting with libya on a surprise move from the leadership of one of its warring administrations who is the speaker of the parliament based into broke in the east has arrived in moscow for talks he was seen in egypt at the weekend where his ally award Khalifa Haftar announced a cease fire which was rejected by the un recognized government the other administration in tripoli meanwhile on the ground in libya after forces continue to lose ground to that un recognized government thats been pushing
It is not over. It is just beginning the days are long right now. We are going to take that. Im becky quick along with joe kernen and Andrew Ross Sorkin. We are sitting at the flat line. Dow down about 7 or 8 and nasdaq up by about 13 yesterday, the dow was down 710 points a decline of 2. 7 s p off 2. 6. Came with huge steep declines going as smoothly as people had hoped. All of those concerns added up to steep losses. Looking at the treasury yield at 0. 669 now you see additional pressure as we continue to watch that case count talking about that, the United States seeing a Record Number of new coronavirus cases in a single day. Tallyi tallying 45,000300 that tops the numbers from april reporting that visitors that travel from hot spots to new york, new jersey to connecticut will be asked to quarantine two weeks. Those who defy that order. Hot spots include arizona, utah, texas, arkansas, alabama, north and South Carolina President Trump says he will not follow the quarantine order wh