Written by Gary
Stock futures limp into final trading session of the quarter (SPY -0.2%). Futures flat on last day of best quarter in 22 years.
Here is the current market situation from CNN Money | |
 | European markets are mixed. The DAX is higher by 0.19%, while the FTSE 100 is leading the CAC 40 lower. They are down 0.70% and 0.18% respectively. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | More states reverse or slow reopening plans as coronavirus cases climbThe number of new Covid-19 cases per day in the U.S. jumped 42% over the past week to an average of about 38,200 on Sunday, based on a seven-day moving average. |
| Lululemon to acquire at-home fitness company Mirror for $500 millionLululemon is acquiring the in-home fitness company Mirror for $500 million, the retailer announced Monday, marking its first acquisition. |
| 2021 Geneva auto show canceled due to coronavirus pandemic; organizers selling eventThe problems caused by the coronavirus pandemic add to uncertain times for global auto shows, many of which were struggling to retain their prominence prior to the global health crisis. |
| CDC says U.S. has ‘way too much virus’ to control pandemic as cases surge across country“What we have in the United States, it’s hard to describe because it’s so many different outbreaks,” said Dr. Anne Schuchat, principal deputy director of the CDC. |
| Appeals court suspends meeting between GM and Fiat Chrysler CEOs over RICO lawsuitAn order by a federal judge for General Motors CEO Mary Barra and Fiat Chrysler CEO Mike Manley to meet to resolve a civil racketeering lawsuit has been temporarily suspended by a federal appeals court. |
| FAA starts Boeing 737 Max test flights, a milestone in getting the planes back in service after crashesBoeing on Monday started test flights of its 737 Max planes, which have been grounded for more than a year after two fatal crashes. |
| New Jersey delays resuming indoor dining at restaurants as coronavirus cases grow in other statesNew Jersey Gov. Phil Murphy said Monday that under the revised plan, indoor dining will be allowed to resume at a later date that has yet to be determined. |
| NY malls can’t open without air conditioning systems that filter the coronavirus, Gov. Cuomo says“Any malls that will open in New York, large malls, we will make it mandatory that they have air filtration systems that can filter out the Covid virus,” New York Gov. Andrew Cuomo said. |
| Millennials look to boost their emergency funds even as the pandemic scrambles their plansWith plans on hold and hearing echoes of 2008, millennials are trying harder to build financial security. |
| 5 things to know before the stock market opens TuesdayDow futures point to a decline at Tuesday’s open after starting the week with a 580 point gain. |
| Fanatics, Paris Saint-Germain soccer club renew partnership for 10 yearsThe deal is the largest financial agreement the Fanatics has struck with a sports team, individuals with knowledge of the deal told CNBC. |
| How the push for law enforcement reforms runs into powerful police unionsOver the course of decades, police unions have fought to secure generous benefits for rank-and-file officers and helped make the dangerous job of police work more attractive to hundreds of thousands of officers. But when their members come under scrutiny for police brutality and heavy-handed tactics, it’s the union that often serves as their first line of defense. |
| A rise in nationalism could lead to an even deadlier pandemic, professor warnsIan Goldin, professor of Globalisation and Development at the University of Oxford and ex-vice president of the World Bank, has been predicting a widespread pandemic for several years. |
| Royal Dutch Shell To Write Down Up To $22 Billion After COVID HitRoyal Dutch Shell To Write Down Up To $22 Billion After COVID Hit Tyler Durden Tue, 06/30/2020 – 08:40 Royal Dutch Shell published its second-quarter 2020 outlook Tuesday morning, warning that it would write down up to $22 billion worth of assets and revise its long-term energy price outlook.
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| Seattle Police Chief Asks Why Black People Keep Dying In The ‘Black Lives Matter’ CHOP ZoneSeattle Police Chief Asks Why Black People Keep Dying In The ‘Black Lives Matter’ CHOP Zone Tyler Durden Tue, 06/30/2020 – 08:20 Authored by Paul Joseph Watson via Summit News, Seattle Police Chief Carmen Best asked why two African-Americans were dead at a place that œclamed to be working for Black Lives Matter after a 16-year-old teenager was killed inside the CHOP police-free zone. |
| Futures Flat On Last Day Of Best Quarter In 22 YearsFutures Flat On Last Day Of Best Quarter In 22 Years Tyler Durden Tue, 06/30/2020 – 08:06 There was some sound and fury in a very illiquid overnight session, which ended up signifying nothing, and futures were little changed from their Monday closing ramp as markets puts a close to the best quarter for stocks since 1998. The MSCI world equity index was up about 0.1% in early trading after Asian shares rose on strong data from the U.S. housing market and Chinese factories. European shares continued the rally. S&P futures fluctuated and the dollar index strengthened to a one-month high amid concern that new virus infections could slow the pace of business re-openings. |
| New Flu Virus With “Pandemic Potential” Emerges In ChinaNew Flu Virus With “Pandemic Potential” Emerges In China Tyler Durden Tue, 06/30/2020 – 07:45 Roughly half a million Chinese living in Hebei Province (not Hubei, Hebei), a province in northern China that surrounds Beijing (which operates as an independent ‘national city’) are under lockdown, but in an effort to try to convey just how prepared Chinese public health officials are for another outbreak (keep in mind, the WHO’s “independent” delegation of investigators is expected to arrive in China next week) they’ve warned every English-language media outlet that will listen that officials have identified another potentially pandemic-quality flu pathogen. |
| Coronavirus: UK economy hit by worst contraction in 41 yearsThe economy contracted by more than first estimated between January and March, revised figures show. |
| Coronavirus: Savings habit revived but for little returnMany UK households have saved more money this year, just as interest rates have slumped. |
| Cineworld delays reopening UK cinemas to 31 JulyThe cinema chain says it pushed back the opening date to tie in with upcoming movie releases. |
| Trump is forcing America to think of life without Indian techiesTrump is forcing America to think of life without Indian techiesThe most recent visa curbs threaten to hammer outsourcers’ current model of talent deployment. |
| What’s next for Chinese apps banned by IndiaWhat’s next for Chinese apps banned by IndiaThe brunt of the order is likely to be felt by short video content apps that were a hit beyond Tier 1 and 2 India. |
| AC & TV parts next on India’s purge list?AC & TV parts next on India’s purge list?Unlike duty hikes, which are across board, licensing can allow for import from select countries. |
| It’s going to be a long, up-and-down, go-nowhere summer in the stock market, but don’t sell yetMarkets are likely to remain volatile yet range-bound for some time. |
| Amazon brand value soars above $400 billion as TikTok enters top 100 for the first timeThe total brand value of the Top 100 global brands has reached $5 trillion, showing the growing power and influence of technology. |
| Watch these two important levels in the stock market to see which way prices may goStocks have receded to a point in which a new leg up may be on the way. |
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