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Saying china is the greatest threat to democracy worldwide. The u. S. The bloomberg u. S. Dollar index. Crude getting a lift after an opec agreement that came through. Theyre going to be keeping curbs in place in terms of production but we could see on a month by month basis some of those curbs being removed. Agrees to ease cuts more gradually. Gold about 1 10 of 1 lower. Bitcoin using some of its sheen and declinings extensive 1 . With all that in mind, lets find out what is happening in new york. Karina we start with the news on pfizer. It slumped on reported may ship only half of the vaccines it planned to this year. Issues supply chain will cut it to 50 million. Anthony found she is taking the u. K. For rushing to clear the pfizer vaccine. Moderna claims it shows what it claims is durability. Republican Senate Majority leader Mitch Mcconnell is calling for a smaller mor ....
And 5g. A call between Boris Johnson and eu officials and is with the Prime Minister saying he sees no reason a brexit deal cant be reached by july. The eu councile president reiterates a level Playing Field is essential. 6 00 a. M. In london. Buying backe bond stock has been delivered. I like what john says on bloomberg. It reminds me of my mother. You will rue the day you executed this in the market to buy these individual bonds. There was ar, discussion. Essentially, the bond buying creates this real body of support to the equity market, going deeper into the capital structure, you extrapolate forward. This is the boost to equities. Do you think i will rue the day i said this . Nejra do you know what . I love that word. It is one of my favorites in the english dictionary. I noticed that in the journalistic column. Im gl ....
Saying his call was wonderful. The white house was already trying to keep the record under wraps. Thecycle Fitness Company third worst unicorn debut since the financial crisis. Woworks cash plans go awry. Shery lets get you started with a quick checkup on how markets closed. It was a broglie risk obsession with stocks losing ground, at treasuries advancing, and the dow lost 80 points. The s p 500 lost. 25 which was the fourth decline in the last five sessions. We started lower given the whistleblower complaint in that impeachment inquiry against President Trump was released, but then, this was exacerbated after u. S. Officials talked about that temporary waiver for u. S. Suppliers to send their products to huawei. It could probably not be extended. Market sentiment was rattled. The nasdaq fell. 6 . Energy was the biggest loser despite the fact that we did see crude prices r ....
Soaring rates. Where housing is headed in the second half. Power lunch starts now well stocks are in the red this hour, but they are well off session lows now down just 47 points on the dow. It was down more than 230 earlier. Still it is on track to break its fourday winning streak. The s p 500 on pace to break its fiveday streak. Treasury yields up strongly. And kelly thats right. Stocks are staging a comeback. Around the best lels of the day this afternoon seema is tracking the action hey, kelly. Stocks leading the dow include Goldman Sachs, boeing and nike a chipmakers are rebounding around 10 40 a. M thats when the s p 500 bottomed out. So tech is playing a role in this turn around as well big losers include rate sensitive group, utilities and real estate. Even a number of consumer staple names. Theyre down about 1 on the day. Trader caution though its important to smooth out the data and look at the broader trend. Taking into ....