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You know what, it is a reprimand from the Federal Reserve system and the office of comptroller. That is what is speculated. Francine this is what is getting a lot of attention today. Later on bloomberg, we will hear from ray dalio, bridgewater founder and chief executive officer, at 2 30 p. M. In new york, 7 30 p. M. In london. Lets get to first word news with ritika gupta. Ritika the west coast wildfires have become a campaign issue. President trump and california state officials sparred over whether Climate Change is contributing to the blazes. The president insists that poor management is the culprit, joe biden called him a corporate arsonist. Mexico, the hurricane has now been downgraded to a category one mexico. Sally will make landfall tonight or early tomorrow, but where is difficult to say. Hurricane warnings extend from new orleans to the florida panhandle. There he ....
Quickly. And staying strong. The worlds top iron ore prices are among the highest out of china. Shery lets get you started with another check of how markets are trading at the moment. Futures underu. S. Pressure as stocks fell to the lowest level in two weeks. We are seeing it down 0. 7 . Than 2 ,00 lost more same for the dow and the nasdaq. The dow losing more than 700 points. We had the sharp increase in virus cases, adding to economic anxiety. So risk off positioning was very strong last week. We did get positive data over the weekend, signs that the chinese economy is continuing to recover and profits rebounding in may for the First Time Since november. Take a look at what oil is doing because it continues to fall. Actually, we saw a second week of declines, the second weekly decline since april. We continue to have these lower prices after a cautious rebound, now headed towards 37 a barrel for wti. We also had chesapeake fi ....
The data in terms of the jobs 5. 3 million in may, up from four. 99 the previous month. This is very backward looking data. I dont think the market will pay much attention to it, but slightly or positive, slightly more jobs out there then maybe the market was anticipating. Really may data, Rearview Mirror stuff. We will be discussing Global Growth as well as what the countries can do to fix the fiscal stimulus and how to help unemployment coming up and about a halfhour. The stocks are losing the momentum of the last five days, so we are stuck in this range. In an interview in the financials times, a couple of and theere troubling, trajectory of the recovery will be bumpy or. We are watching this closely and trying to understand what is happening. Haefele. Ark mark, how do you understand what we are seeing in asset prices versus every economist morning we are looking at a w sh ....
Against her own office space. Also ahead a milestone mission nasa astronauts entering the International Space station after a landmark journey for private enterprise. People are defying curfews in the us to protest against Police Brutality and racism it is a 6 day of demonstrations after an unarmed black man died in Police Custody more than 4000. 00 people have been arrested since the protests began on thursday so this is the scene in washington d. C. Where fires were set near the white house this is earlier a curfew is now in effect George Floyds death has prompted a wave of outrage across the country i cant i has details from washington d. C. There were some moments of tension but generally the demonstrators kept their distance from the police the white hous ....
A landmark journey for private enterprise. Protesters have been defying curfews in the us to demonstrate against Police Brutality and racism it is a 6 day reaction after george floyd died while being restrained by a Police Officer more than 4000 people have been arrested since the protests began on thursday so this is the scene in washington d. C. A bit earlier protesters set fires near the white house there is a curfew in effect right now where its death has led to a wave of outrage across the country mike hanna has the details from washington d. C. There was some moments of tension but generally the demonstrators kept the distance from the police the white house itself was barricaded behind a series of drawings of defense secret service on the. In a perimeter then u. S. Park Police Metropolitan d. C. Police keep ....