romaine: i am romaine bostick.ine: the only major benchmarks to post in the green are the nasdaq, another record high. the dow jones falls on the back of the fed. minutes -- and then it is mass-19, having stopped gatherings in their tracks, bad news for athletes, musicians and insurers. we have got the financial repercussions. for two years the federal reserve makes no recalls, and bringing asset purchases to at least present pace. all of that and so much more coming up. let's get more on the fed decision. taylor: come inside this chart. there are two things that stood out. -- 2022 through 22 into and the 0% yield curve, they can do this on the front end rates, they are keeping the three-month close to the fed fund target rate but on the longer end it is trickier to do. the 10 year, we were talking about 1% falling all the way back down to 73 basis points. most economists have agreed that doese yield control curve come, it could be two to five years and maybe at the september meeting. joining us from our reaction i

romaine: i am romaine bostick. taylor: i'm taylor riggs.ine: the recovery rally in stocks loses it steam. the dollar stays higher. stocks going red. one millionto sell more shares. how the robin hood retail investor is upending stocks. about thesation social media campaign addressing racial inequity in the u.s. all that and more coming up. romaine: we had a brilliant opening. the s&p 500 opened up 2%. 496 stocks in the s&p 500 trading in the green. that has completely reversed. this has been selling from the start.

romaine: i am romaine bostick.ine: the days of flirting between gains and losses, we end on the green side. the s&p is up 1.3%, but not enough to shake off yesterday .rote -- yesterday's rout there is a question of how to balance the economy with citizens' health. canadian regulators say the collapse of the exchange could trigger -- all of that and more coming up. let's look at how the markets closed. taylor: we have the weekly run-up in the bond markets. monday we were talking about 1% yield on the 10 year. we were at 93. every single day it has been higher. back down to 71 basis points. this is a 19 point basis rally on the week alone. 60 basis points, the 40 day moving average. we could not get below 60 basis points on the week. we flip into the equity markets, look at this chart in the terminal, the worst week going back since march 20 despite the big gains we talk about today, showingor the week, that maybe things are as good as we thought great we would get analysis from susan schmidt, the head of equities at

. ♪ ♪ from bloomberg's quarters in new york, i am caroline hyde alongside romaine bostick and taylorgs. s&p, andthe dow, the the nasdaq further retracing some of those losses. caroline: take to the streets. in citiesrupted around the u.s. and the world after the death of george floyd at the hands of a police officer in minneapolis. ofna pauses the purchase u.s. agricultural goods. what this means for the phase one trade agreement. shows --igan drugs what is for more on happening in the markets today, we want to bring in taylor riggs with the breakdown. theme ishe continued the disconnect between some of the economic data we have seen and the continued resilience of this market. it is shown know better than here inside my terminal, which shows the s&p 500 gaining relative to the stocks index, which has been lagging, in parts due to some of the heightened trade tensions. one of the major reasons why it has been one of the big underperformers today, the only major average to end in the red. clearly, the resilience and optimism of the essence be, a big out performer. flipping up the boar

romaine: i am romaine bostick. caroline: the jobs report sending us higher by 3% on the dow jones.&p at its highest since february. the american labor force rebounding, signaling the economy could be turning around faster than anticipated. patientcross the facing another week of protests. the need for leadership [indiscernible] ceo ursula burns. we got to get strikes to the number -- straight to the numbers. taylor: it is the number that is driving the markets, not the reverse. rebounding unexpectedly in may. employers adding 2.5 million workers back to their payroll area the unemployment rate falling to 13.3%, below the expectation of 19%. flipping up the board, there are serious silver linings in this report we need to talk about, one of which is the ratio of black unemployment to white unemployment which has fallen to a record low. this report showing a different picture. black unemployment rising slightly of course while white and hispanic are falling. ass shows the mixed picture we discuss inequalities in this country all weekend in the last few weeks. i want to bring in a sen

romaine: i am romaine bostick. taylor: i am taylor ribs -- taylor riggs.esaving promise months into the covid-19 pandemic. new information about the to -- we speakn to dr. william heseltine this hour. an uncertain path ahead. chairman powell morning the u.s. economy has a long way to go and failure to address a downturn will magnify inequality. romaine: quite a day in the markets, we open significantly higher. up 2%, and nasdaq were small

. ♪ caroline: i'm caroline hyde alongside romaine bostick and taylor wiggs.his is what you missed. you see markets closing higher. at one point, the nasdaq hitting an all-time record. money flowing into riskier assets. defending have protest positions. u.s. secretary esper breaks with president trump in terms of their view on where to deploy active troops as protests continue in the u.s. and across the globe. more coming up. and stimulus booster. the ecb is expected to announce yet more money for emergency programs tomorrow. we discuss why this is crucial for markets. that and so much more, coming up. ellison general keith in minnesota has been speaking about the george floyd case. we understand that has been increased action taken on the police officers involved in the killing of george floyd. romaine, your take on what is being discussed and what happens to be some disagreement at the top when it comes to the administration and the deployment of forces. romaine: that will be interesting. we heard from amy klobuchar earlier about the charges being upgraded o

. ♪ caroline: from bloomberg world headquarters in new york, i am caroline hyde alongside romaine bosticknd taylor riggs. markets following asia higher. we close in the green across the board. the dow closing almost 260 points higher. despite the concern we see on the streets, and it is not letting up thousands gather around the u.s. and the world to protest the death of george floyd. carlisle's david rubenstein with harvard university president lawrence bacow.t -- lawrence guest saysr next that covid-19 is threatening gains in female labor force participation. joining us, dana peterson. you wrote this very company and the report here that talked about some of the effects of a recession, of the downturn we are in right now. i wonder if you can start off by just drawing a line from where we are today to some of the losses in female employment and tied that to the previous recession in some of the gains we saw women make over that time. thisat is unique about time relative to the great financial crisis is that we are seeing job losses in businesses most heavily affected by the coronavirus.

romain: i'm romaine bostick. and ease in china u.s. tensions over huawei.pe for the u.s. to walk -- to work with huawei, but the relationship continues to be fraught with tensions. we hear from u.s. ambassador kelly kraft. ae civil rights landmark, divided u.s. supreme court rules that federal laws protect gay and transgender workers from job discrimination in the watershed decision. romain: we started the day on a firm down no. about 1.50 by percent, below

romaine: i am romaine bostick. taylor: and i'm taylor riggs.olls million giving investors hope for the economy. the s&p 500 surges over 2.5%, now up more than 40% over the march lows. that while the nasdaq breaks a record closing high after the jobs numbers. how the white house coronavirus task force went from a daily priority to almost finishing from the public view. we get a backstory. that and so much more coming up. romaine: the response to the surprise, job gains in the most recent month. the s&p 500 up 40% off the march lows in less than 1% away from going positive year-to-date. 3200 on the s&p 500.

romaine: and i am romaine bostick. caroline: volumes dropped by a quarter of their usual he is levels. energy financials are your worst performers. the e.u. looks to protect its businesses from potential take-overs by chinese companies, wie suggesting measures. and the year's biggestism p.o. we have the advice chair on equities partial markets. you have to check out the markets. >> very interesting. you are seeing more against ens here for how evaluations are for u.s. companies versus european companies. you are continuing to see european stocks trading only 18 times on the forward p.e. basis. we care about this because more and more chinese corporations are dweering up for cheap buying sprees. they are looking at massive discounts in europe, companies ravaged by the coronavirus and saying now might be a good time to buy these. we are knightonned by jick, -- we are joined by nick. we are seeing e.u. and u.s. companies start to push back on some of the fournette take-overs they are starting to see? >> yeah. i think abso

romaine: i'm romaine bostick. i'm taylor riggs. >> confusion that sunday futures slumping by saying it is over for the u.s. china trade deal and forcing president trump to step in on twitter. the view from the trump administration, we get reaction to that trade confusion and much more from u.s. treasury secretary steven mnuchin. he joins bloomberg invest this hour. betting on the check. u.s. stocks nejra a two week high at an all-time record. that as investors zero in on a report that president trump is pushing for a second round of stimulus for americans. all of that and more coming up. romaine: the nasdaq at an all-time record. it opened at an all-time record. the big question is whether or not investors will want to build off of these highs and push it higher and cash in their chips now. chips that are up 48%th

romaine: i am romaine bostick. taylor: and i'm taylor riggs.e: the s&p on track to erase all of 2020's losses. opec-plus leaders agree with production cuts for another month. why the market is deflated. astrazeneca and gilead, could deal get done? we talk with one of the reporters that broke the story. all that and much more coming up. romaine: we are about five points away from erasing losses for the year on the s&p 500 after three straight weeks of gains. stradling the 3200 level. right now, it exceeds everyone's targets that we servve

i'm romaine bostick taylor: and i'm taylor riggs.n increasing number of states are reversing course on plans to reopen. ending the week in the red, u.s. stocks hitting a two week low while investors flocked to him and sent treasuries -- flocked to havens in treasuries and the dollar. unilever announcing a pause on advertising on facebook amid growing calls from activists to platform over -- boycott the platform over hate speech. the major indices opening down .3%, and that decelerated, sliding for three straightthree hours.