Comes to the treasury market. The dollar taking it on the chin. Safe haven bid for the yen. Out yettting taken again after yesterdays slide, dragging Energy Equities with that uncertainty rains in the commodity. President trumps positive covid test and what is going on behind the scenes not the white house. Joining us is mario parker, Bloomberg White house reporter. What do we know at this moment . Mario everything is kind of unclear, given that the white house was taken by surprise with the president and first lady testing positive last night. We are starting to get some inckle sin some trickles in terms of who has negative results. We know that Jared Kushner and ivanka trump, two of the aides,nts other closest have negative tests, as well as his son barron. Right now we know that theres negative tests that have come in. We are not sure just yet how many other white house staff will be quarantined. Guy thank you very much, indeed. How on earth was the white house cut by surprise by th
The securities and Exchange Commission focusing on disclosure. We will get into it. 8 30 a. M. Eastern. Chairman jay is here live. We will talk about it. Isaias leaving millions without power, the deadly storm causing disruption across the east coast. Did you lose power . Novaxx with trial, research and Development President gregory glen is here to walk us through the progress. Markets this morning look like this. Indications are for pretty good rally at the start of trading. Futures indicating gain 200 points right out of the gate. Dow industrials up 198 and nasdaq up 1. The momentum continues. Up 38 points yesterday, the dow up 164 at the close yesterday and the s p up 11. Gold committerring glittering. Take a look. Up and a 3 quarters percent. 2020 voting in focus. Battle intensify over mailin ballots, the campaign sue it is state of nevada. Plus some of you may have heard but i have a very special announcement later this morning. Stick around, big announcement coming up. Mornings w
Conversation. You just heard steven major of hsbc with his terrific call, persistent call for lower interest rates. , we wills in moments speak about the Research Notes of last summer, ages ago when things were calm on a vector of lower interest rates. We will get an update and look to the market, to hong kong, and to our conversation with john bolton in 30 minutes. With the news breaking this morning, really must watch and must listen. You nailed this. Cacophony has never been seen before. I think it will be really difficult as the quarter grows older and you get the handoff from the balance of reopening the economy and the realization that the recovery will take a long time. Then we get bumped up against the election in november. Thee the president exits in senate flips as well. The market has a lot more in the last couple of weeks. Tom no question. Based on the emails ive gotten of the supporters of the president really pushing back against the new belief in president biden. Part of
President getting support from some big names and might not be too late for a serious run and natural gas pipeline goes dry. Duke energy canceling atlantic pipeline, warren buffet is buying dominion. Mornings with maria is live right now. Dagen good morning, take a look at european markets right now. We have gains across the board. Pubs in the United Kingdom welcoming people back over the weekend, optimism there. In asia overnight, markets also having a strong rally, gains across the board. Chinastate run media saying the Company Needs bull market to build strength as Capital Markets ongoing reforms to attract money from home and abroad. You can see the rally in shanghai there up almost 6 . The fourth of july weekend marked by violence in major u. S. Cities, Cheryl Casone has the details along with other top stories we are watching this morning. Good morning, cheryl. Cheryl in chicago alone at least 77 people shot, 14 of them killed including a 7yearold girl, now the president is offer
The. 5 million jobs to the economy in the month of may. The expectation was a loss of 8 million jobs. In fact, we had a growth in jobs, and the Unemployment Rate fell to 13. 3 . That is still in the double digits, but it is a lot better than an expectation of 20 unemployment by economists. So all in all, a much better than expected report. Joining me now so talk about this is the former jpmorgan chief economist, anthony chan. Great to have you this morning, your reaction to this jobs number. Its certainly encouraging. I think when we break it down, it really tells us that the brunt of the bad news on employment is probably behind us, but that doesnt mean that things are completely copesetic, because what you see in this employment report is virtually all the gains in jobs were due to those people that were laid off, on temporary layoff and now recalled back. When you look at the number of people that were not on temporary layoff, that category of unemployment has continued to move high