STOCKS/ECONOMY


​-Stock futures are higher after Monday's 92-point gain for the Dow, a similar 0.4 percent gain for the S&P 500, and a 0.7 percent gain for the Nasdaq. The S&P 500 has gained 39 percent since its March lows, but is still 10 percent off its all-time high set in February. 

-The yield on the 10-year Treasury bond is at 0.67 percent, with the 2-year yield 52 basis points behind at 0.15 percent.

-Gold is flat and at the $1,751 per ounce level. Bitcoin is up to the $10,100 level. 

-Asian markets closed higher today, with Japan's Nikkei index and Hong Kong's Hang Seng both gaining 1.1 percent. Shanghai's Shenzhen index gained a modest 0.2 percent.

OIL/ENERGY

-U.S. crude prices continue to rally and are now up to the $36 a barrel level.

-Gasoline prices are holding steady at $1.97 a gallon, national average.

RIOTS LATEST

-Despite curfews in several major cities, there were still many arrests and violent incidents overnight. 

-President Trump is threatening to use the U.S. military to restore order if the riots don't stop. 

-4 police officers in St. Louis were hit by gunfire, but all are expected to recover fully.  

-A riot broke out in the Capitol Hill section of Seattle. 

-Roaming groups of vandals broke shop windows and looted in Midtown Manhattan. The NYPD made 200 arrests. New York City's curfew will begin earlier tonight, at 8pm as opposed to 11pm last night. 

EARNINGS SCORECARD

-Dick's Sporting Goods reported weaker than expected quarterly profits and revenues, but a 110 percent surge in online sales is helping the stock hold on to slight gains in the premarket.

-Land's End reported bigger than expected quarterly losses and weaker than expected revenues. But Land's End shares are still up about 0.4 percent in the premarket. 

CORONAVIRUS LATEST

-A new federal report shows that 25 percent of all coronavirus deaths occurred in nursing homes, despite several states trying to keep that data secret. 

-Starbucks is asking its employees to either take fewer work hours or unpaid leave until September, when it first expects sales to rebound from the virus aftermath. Starbucks shares are down 0.6 percent in the premarket. 

-Southwest Airlines is offering workers buyout packages or temporary paid leave as the company tries to recover from the virus lockdowns. Southwest shares are up 2 percent in the premarket. 

-Visa says U.S. payment volume fell by 5 percent in May, after falling 18 percent in April. This is a sign that consumer spending is recovering. 


















​ 










​​



JakeNovakNews.com