Written by Gary
US stocks overcome early weakness, DOW sea sawing across the unchanged line (SPY +0.7%). Stocks edge higher as best quarter in years comes to an end.
Here is the current market situation from CNN Money | |
North and South American markets are higher today with shares in U.S. leading the region. The S&P 500 is up 0.95% while Brazil’s Bovespa is up 0.32% and Mexico’s IPC is up 0.20%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Bentley redesigns Bentayga SUV as first vehicle under new business strategyBentley has redesigned its Bentayga SUV as a key product in the famed British carmaker’s new business plan. | |
The wealthy are prepping for tax increases with these three strategiesAccountants and tax lawyers say they’re seeing surge in calls and emails from wealthy clients asking about actions they can take now to avoid tax hikes in 2021 and beyond. | |
Roughly 25% of New York City has probably been infected with coronavirus, Dr. Scott Gottlieb saysThe researchers said the percentage of New York City-area residents with Covid-19 antibodies “is well below the estimated 67% needed to achieve community immunity.” | |
Carl Reiner, comedy legend and director of ‘The Jerk,’ dead at 98Carl Reiner, a comedy legend with a career that spanned seven decades, has died. He was 98. | |
Americans will remain barred from European travel as the EU gradually reopens its bordersTravelers from 15 nations will be allowed to travel in the European Union starting Wednesday, but the United States is not on the list. | |
Coronavirus live updates: New York adds eight more states to travel advisory; Gottlieb says about 25% of NYC is likely infectedThe coronavirus has infected more than 10.4 million people around the world as of Tuesday, killing at least 509,516 people. | |
Watch live: Dr. Anthony Fauci and other key health officials testify at Senate coronavirus hearingThe Senate Health, Education, Labor and Pensions Committee is holding a hearing with Dr. Anthony Fauci and other key Trump administration health officials on the Covid-19 pandemic. | |
Stocks making the biggest moves midday: Micron, Xilinx, Lululemon, Boeing, Uber and moreThese are the stocks posting the largest moves in midday trading. | |
Op-ed: Corporate leaders need ‘talk sense with Trump’ about the spread of Covid-19Business leaders like Apple’s Tim Cook must make it clear to Trump that he can no longer minimize Covid-19, but has to redouble the nation’s efforts to bring it under control, writes award-winning author Glen Johnson. | |
No more dressing rooms: This virtual fitting experience is moving into Brookfield mallsFit:Match is teaming with mall owner Brookfield to open spaces where people can receive a 3D body scan to find their sizes and shop for clothes. | |
New strain of flu found in China has potential to become a pandemic, scientists warnScientists have identified a new strain of flu carried by pigs in China that they say has the potential to become a pandemic. | |
‘It was a scary, unnerving time’ ” Coronavirus prompts Arizona spa owners to close back down“I still think it’s a scary, nerve-wracking time for our therapists and for clients, so what that looks like going forward, it’s tough to say,” Citrus Massage co-owner Seth Boyack told CNBC. | |
Now They’re Trying To Tell Us COVID-19 Is “10 Times More Infectious” Than It Was At The Start Of The PandemicNow They’re Trying To Tell Us COVID-19 Is “10 Times More Infectious” Than It Was At The Start Of The Pandemic Tyler Durden Tue, 06/30/2020 – 12:30 Authored by Michael Snyder via TheMostImportantNews.com, If the elite really do intend to use COVID-19 to fundamentally transform our society, they are going to need to continue to find ways to make it sound a lot more scary than it really is. Over the past couple of weeks, we have been endlessly barraged with news stories that boldly declare that œthe second wave is here, and now we are being told that this coronavirus is œ10 times more infectious than it was when it first started spreading in China. And we are also being told that COVID-19 œcauses infected human cells to sprout tentacles loaded with viral venom to help it spread around the body . All of that definitely sounds quite frightening, and over the past couple of weeks a lot of people have really been freaking out as the number of confirmed cases has surged. | |
Watch Live: Powell & Mnuchin Explain To Congress How They Saved The ‘Economy’Watch Live: Powell & Mnuchin Explain To Congress How They Saved The ‘Economy’ Tyler Durden Tue, 06/30/2020 – 12:20 The Treasury Secretary and Fed chair will discuss their approach to rescuing the economy at a House Financial Services Committee hearing on Tuesday. | |
Buried In All The Sensational “Russian Bounty” Headlines: Intel Chiefs Back White House PositionBuried In All The Sensational “Russian Bounty” Headlines: Intel Chiefs Back White House Position Tyler Durden Tue, 06/30/2020 – 12:01 A group of Congressional Democrats will be briefed at the White House Tuesday in response to ongoing accusations that Trump was made aware of but ignored what The New York Times described last Friday as a Russian military intelligence operation that sought to kill American troops in Afghanistan by issuing bounties to Taliban fighters. This following a Monday briefing of at least seven Republican lawmakers, also as both Republican and Democratic leaders demand answers and full briefings from the CIA and Pentagon. Crucially it remains, however, that the White House and the Office of the Director of National Intelligence have firmly rejected that the president was ever briefed. On Saturday Director of National Intelligence John Ratcliffe said in a statement that he had “confirmed that neither the President nor the Vice President were ever briefed on any intelligence alleged by the New York Times in its reporting.” | |
Twitter Remorse: Deleted Tweets Trigger Backlash At The DNC, Washington Post, & The White HouseTwitter Remorse: Deleted Tweets Trigger Backlash At The DNC, Washington Post, & The White House Tyler Durden Tue, 06/30/2020 – 11:40 Authored by Jonathan Turley, Twitter remorse is an emotion that millions experience daily. For most, a delete is sufficient until next Thanksgiving when a sibling brings it up at the table. For The Democratic National Committee, The Washington Post, and the White House there is no such thing as a deletion as shown this week. | |
EasyJet plans to close bases and cut staffThe airline says it is consulting on plans to close bases at Stansted, Southend and Newcastle. | |
UK on track for V-shaped recovery, says Bank of England economistBut the Bank of England’s Andy Haldane also says the country risks 1980s-style levels of unemployment. | |
Coronavirus: People saving more but get little in returnMany UK households have saved more money this year, just as interest rates have slumped. | |
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. | |
Job desperation now leading to low payJob desperation now leading to low payHigh labour supply will lead to drop in wages in urban India, CMIE said in its weekly report on Tuesday. | |
30 June 2020 New York Fed Weekly Economic Index (WEI): Index Declined and Remains At Recession LevelsWritten by Steven Hansen The New York Fed’s Weekly Leading Index (WLI) declined and continues to show an economy that is significantly worse than seen during the Great Recession. | |
Five things to know about Leicester: the U.K. city that’s key to preventing a second wave of coronavirus infectionsLeicester, the English town famous for cheese, pork pies, and football, will be kept in lockdown for weeks while the rest of the country enjoys pubs, hairdressers, and restaurants reopening on July 4. | |
After years of talk, tech companies appear to be getting serious about diversity effortsAmid nationwide protests, tech companies that have struggled to recruit black workers are moving from nebulous efforts that proved to be mostly lip service to concrete plans and financial commitments, including specific hiring goals and amounts of money dedicated to the effort. | |
The Tell: Wearing a mask to halt the spread of coronavirus has a big impact on U.S. economic growth “and Goldman has done the mathWearing a mask has become a uniquely hot-button issue in the U.S., which finds itself in the throes of viral pandemic that appears to be drifting out of control by the day. |
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