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u.s. money reserve is one of the most dependable gold distributors in america. liz: happening right now, president trump has just begun a roundtable with local law enforcement from around the country, including some federal law enforcement as well, and has just said quote, this is a quote, there will not be any disbanding of police and that 99% of police are great people, but there are some bad apples. democrats taking a broader stance. they put forth a first of its kind police accountability reform bill. here's what's in it so far. at the federal level, the bill bans no-knock raids. it would create national standards for the use of force, would establish a national registry to track police abuse and increase independent and federal investigations into police misconduct. all this in the shadow of the 2020 presidential race, where new swing state polling shows joe biden in the lead in swing states like ohio and wisconsin, despite voters saying they trust trump more to handle the economy. let's bring in former dnc chair, fox news contributor donna brazile to break

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u.s. money reserve. for coins and bullion are unregulated.se or fall to buying these items carries some risk. ort performance of a coin the market cannot predict future performance. offers are void where prohibited. views and own -- opinions expressed do not reflect this

u.s. money reserve. early two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide, u.s. money reserve is one of the most dependable gold distributors in america. - [announcer] today u.s. money reserve is releasing official gold american eagle coins at cost. for the incredible price shown on your screen. these government-issued gold coins are official us legal tender made from solid gold mined right here in america and fully backed by the united states government for their gold weight purity and content. do not delay, call now to purchase your gold american eagles for the amazing price shown on your screen. gold is now on sale at prices unseen in years and this year could be one of the greatest gold buying opportunities of all time. call now while vault inventory remains. as one of the largest us gold coin distributors in the country. us money reserve has proudly served hundreds of thousands of clients worldwide. don't wait another minute, call now t

u.s. money reserve. a company not affiliated with the u.s. government or mint. coins and bullion are unregulated. prices can rise or fall so buying these items carry some risk. views and opinions expressed in this program are the views of the advertiser, and not the views of the station or network, its management or ownership. >> gold. one of the world's only tangible

u.s. money reserve is one of the most dependable gold distributors in america. >>> good morning a big stockelloff underway in the pre-market investors used to some big gains. now showing their nerves after the fed predicts a big economic contraction and covid cases rise in some states breaking information on unemployment plans exclusive numbers from yelp on which business is closed and who's reopening. plus, we're going to talk about the big run up in tech stocks and what comes next for the sector dan niles joins us straight ahead. the final hour of "squawk box" begins right now. >>> move apart move apart good morning welcome to "squawk box" here on cnbc this we can do this we can do i'm joe kernen along with becky -- oh, wow okay i'm going to blush becky quick and andrew ross sorkin u.s. equity futures indicated down more than 700 points now. 720 points big losses in boeing and exxon mobil as we look at financials jpmorgan, those losses in percentage terms dow futures have trended down for much of the morning. there you can see we're down 2% in the s&p the dow jones down 2.7 and the nasdaq

u.s. money reserve is one of the most dependable gold distributors in america. stuart: all right.why? because jay powell says the federal reserve will not raise interest rates until at least the end of 2022. we are up 150. now we are up 450. >>> there's also a surge, i mean a real surge in home builder sentiment. there's a number for you, 58. that implies a surge in confidence from the guys who build our houses. they are going to build a lot in the future. jerry howard is with us, national association of home builders, the ceo thereof. that's a remarkable number. that is a complete turnaround. you guys have turned wildly positive. is that accurate? >> absolutely accurate. it's the single largest jump we have ever had in the history of the index. and it's backed up by my conversations with builders all over the country, stuart. everyone is excited that the economy's reopening. we were headed for a record year before the covid shutdown and i think that we are going to get back on track and we are prepared to help lead this economy back to full strength. stuart: i think you are getti

u.s. money reserve is one of the most dependable gold distributors in america. >>> disney shares under pressureoday after the company delayed the reopening of its california parks indefinitely that cost disney more than 1.25 billion today. >> disney traded well over go ti two times the average daily put calls today. 9 of the 10 most active options in disney were all puts. most of the opening activity was concentrated in the august 100 puts buyers of those puts are obviously betting that disney could fall further, below that $100 strike price. one might assume they're tarp ' targeting march lows the put volume has been elevated for a couple of weeks now as we've seen some of this reopening news and there's been maybe not such a positive result in terms of virus cases coming out of that. some of the bearish activity preceded today's announcement. >> is the fact that disney closed down by 6/10 of a % is good news? it traded up on the reopening plan and also takes along with it other theme park operators and reopening trades like cruises, airlines, et cetera and most of them finished higher. >> yea

u.s. money reserve is one of the most dependable gold distributors in america. >> liz: well, airline stocksht now are losing some of the altitude they had gained in may. it was so welcome for a lot of people who stuck with these stocks or dove in when they were very very low in the bottom of march but now we have questions flying. will travelers suddenly get spooked by rising cases? let's look at some of last months high fliers. united airlines had been just a real winner last month. it's now down just 1.6% but we can still see that a little bit of red over the past couple of days has been disconcerting. looking at delta airlines we can flip it over to delta we know that despite getting approval from the chinese government to actually start flying again and resume flights thursday in shanghai, this thursday, delta service in the original epicenter of the coronavirus outbreak has now been completely suspended since february 6 so right now, delta actually it was down, it is now flipped up about half a percent. well, could it be this device, right on your screen, that we're about to show you,

u.s. money reserve is one of the most dependable gold distributors in america. ♪. >> personal choice of any to whether to wear a mask or not he encourages people to make whatever decisions that is best for their safety but he did say to me has no problem with masks and to do whatever your local jurisdictions requests of you. charles: as countries begin reopening their economies, face mask is a essential tool for most epidemiologists saying for slowing the spread. something people are grappling with the. they do not want to accept it. they say a lot because of confusing government advice. they don't believe scientific advisors. there is something going on, not just an american issue. ii want to bring in fox news contributor liz peek. there was an article, there are countries, denmark, norway, sweden, canada, they have less use of masks than americans do. what do you think? >> i really can't imagine why this has become a political football, charles, except everything is politically fraught these days. in fairness to president trump, who is blamed for not having a consistent message on face ma

u.s. money reserve is one of the most dependable gold distributors in america. ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeahes: pandemic boredom and markets crashing have given rise to a brand new batch of active traders, perhaps as many as 10 million. finding himself with a lot of money and a lot of time bar stool sports founder dave portnoy took to the robin hood app and started a revolution. with an army of traders backing him up, dave portnoy joins us. thanks for joining us. >> thanks for having me. charles: let's talk. initially i know you got in this. there was a lot of fanfare. you admitted there was some growing pains. explain, just sort of the process. you started doing some trades. what did you learn and adjustments you quickly made? >> so, yeah, when i got involved, i learned what shorting the market was. so i bet against boeing a little bit. i bet against lululemon and i got my butt kicked. then i realized that the stock market has affect on the real world and vice versa. it is its own universe. that the wiseguys on wall street, pinstripes suits have the thing ringed to their benefit. once my br

u.s. money reserve is one of the most dependable gold distributors in america.htclubs that may look familiar to people who watched the television show "the jersey shore" years ago, they go up for auction today. kristina partsinevelos back with us from seaside heights, new jersey. you were just saying this story is really about commercial real estate, right? tell us more. reporter: right. not necessarily about "jersey shore" because i know you can list all of those characters. right now, i'm standing in a property that did file for bankruptcy and was put on the auction block after a postponement due to the corona lockdown. these two clubs, karma as well as the bamboo bar, they were made famous by mtv's "jersey shore." you got mike "the situation" that came in here, snooki, they filmed a lot of scenes. the situation with these two bars is they came under scrutiny for underaged drinking, noise complaints, problems with renewing their liquor license which is why they were put on the auction block. unfortunately, though, that's the bigger picture here, only eight peo

u.s. money reserve is one of the most dependable gold distributors in america. they told us that selling carslding an experience that lets you shop over 17,000 cars from home. creating a coast to coast network to deliver your car as soon as tomorrow. recruiting an army of customer advocates to make your experience incredible. and putting you in control of the whole thing with powerful technology. that's why we've become the nation's fastest growing retailer. because our customers love it. see for yourself, at carvana.com neil: all right. i love the updates we keep getting out of washington from my buddy edward lawrence, reporting on just the top line. dr. fauci has left the briefing. he has left the hearing. that's sort of like elvis has left the building. so your top star, of course, in this committee hearing where we are talking to all our big, you know, health stars from the heads of the cdc and fda and dr. fauci himself. it was dr. fauci who made some news on two fronts, by the way, a little while ago, talking about his optimism that a vaccine could be had in this country, this world, by

u.s. money reserve is one of the most dependable gold distributors in america.dit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪ neil: they are off the lows of the day but a lot of technology stocks were under pressure under this notion they were helping protesters a bit too much, i don'ting theusing their social media sites to coordinate or at least inform where froefprotest rallies were. the companies say they are doing nothing of the sort but it's leading to friction that maybe these guys should be policed more than they are. it's a familiar theme, one that susan li has an update for us right now. susan? susan: social media is being flooded by messages and news surrounding the nationwide protests. in fact, there's so much noise, there really isn't room for much else. so one company says at the peak on friday, george floy

u.s. money reserve is one of the most dependable gold distributors in america. neil: all right.house, we are waiting for kayleigh mcenany's briefing. as soon as she steps to the podium we will of course go to her. this on the same day we are learning the supreme court has struck down a louisiana law that sharply limits abortions in the state. what was surprising about the decision is that the balance was tipped by the conservative chief justice, john roberts. not the first time we have seen a conservative justice go the other way. there have been examples before and that raised a question as to whether we got what we thought we would get on this court. it does seem to be a heated exchange among liberals and conservatives interpreting and following every tea leaf reading we get out of the highest court in the land. judge andrew napolitano joining us right now. on this abortion case, judge, your thoughts, because there are other issues i want to get into as well. but what did you think? >> well, i would start from the perspective of someone who is pro-life and who believes roe ver

u.s. money reserve is one of the most dependable gold distributors in america. ashley: ah, there we go.l day at the empire state building this morning. phase two of new york city's reopening finally begins today. kristina partsinevelos is in the hell's kitchen neighborhood right over on ninth avenue. what are you seeing? kristina: i am seeing some foot traffic but unfortunately, not a lot open. i was expecting to see a lot more. even the cab driver when i came over here, he said he thought it was going to be busy because new york city has finally entered phase two but it seems to be a struggle right now for us to find a restaurant that has outdoor dining. that is part of the phase two restaurant, barber shops, salons, playgrounds, all expected to open today but it seems like it's a slow start which is why they are anticipating at least almost half a million jobs lost here in new york city. i spoke to the owner of the hudson bagel shop that's right behind me. he told me he's really worried because he's located next to a lot of hotels and times square and he believes that traffic is not g

u.s. money reserve is one of the most dependable gold distributors in america.e are still on the down side pretty much across the board. when we open that market in three and a half minutes' time. >>> how about this. a big deal for spotify. remember first it was joe rogen for $100 million. now, lauren, kim kardashian getting her own podcast. tell me more. lauren: she sure is. she has inked an exclusive deal with spotify to host a podcast about criminal justice. it will start by investigating the case of the man who is convicted of three murders back in the '90s. he denies he was the shooter in all three of those. this is a major win for spotify. they inked a $100 million deal with joe rogen for his podcast to go to their services and now batman, superman, joker, they are coming to spotify as well. there's an exclusive deal between spotify and warner brothers to bring the dc superheroes content and super villain content to the platform. now you have spotify versus apple versus google's youtube when it comes to really making money in the podcast space. stuart: sup

u.s. federal reserve says it will keep it a 0 interest rates near 0 and continue pumping money into the u.s. economy it's part of its bid to stave off the fallout from the global price hand demick but it warns unemployment will remain high though through the end of the year. of more on the fed's decision and what markets around the world have been making of it let's bring in our financial correspondent color abuse in in frankfurt good to see you can read 1st of all markets seem to have opened on a weaker no tenney idea why. well vestas have become aware terry that they somewhat had gotten ahead of themselves with those strong gains on the stock market since the middle of march the outlook that the federal reserve chairman gave in particular for the labor market was much more pessimistic than for example this relatively strong labor market report last week in the us might have indicated also everyone in the us is aware that those emergency support schemes that the federal government and the u.s. has put in place for the labor market will run out at the end of july and that there's no follow

u.s. federal reserve chairman jerome powell said congress may need to spend more money to prop up the economye issue of police reform was front and center at the white house today. president trump signed an executive order that addressed issues like the u.s. -- us of chokeholds and tracking cops who have had violent encounters with suspects, but critics say he came up short in bringing abouge significant n a country still reeling from george floyd's death over three weeks ago. porter: in this summer of. racial turbulence, demonstrations aimed at ending police brutality have often ended up exposing the problem. this was a police charge on the doorstep of the white house. this was buffalo in upstate new york, where a 75-year-old protester suffered a fractured skull after being pushed by lice, another viral vid suggesting this is a systemic disease. throughout the crisis, donald trump has cast himself as a law and order president and as he signed a executive order creating a national database for officers accused of misconduct, he delivered a staunch defen of the polic >> americans know the trut

u.s. money. you have to trust u.s. bonds. that requires an honest broker at the federal reserve. liz: david kelly, thank you very much. we are absolutely thrilled to have you, although six, six risks on the near landscape here. we are watching it all. we will put david's, parts of his note up there. i know you are an optimist, too. i listen when you come out with stuff like this. thank you so much. >>> speaking of the fed, tomorrow we've got a fox business exclusive at the top of this hour, 3:00 p.m. eastern, with federal reserve vice chairman richard clarida. he is joining me for his first interview since last week's fed meeting and it will be his first on-camera interview because you know, we are all dealing with this skype at home situation. but we are going to tackle corporate bond buying, main street lending and what happens when unemployment benefits and government surplus checks run dry. that's tomorrow right here on 3:00 p.m. eastern on "the claman countdown." do not miss it. he's an important voice. >>> closing bell ringing in 48 minutes. yeah, we got red on the screen here. the s&p is down 12. that's under h

we've been continuing with the money we managed to trim on external continue all the things we did risk going into the reserves and questions in the east over the future of u.s. presidential hopeful joe biden after g.b.'s promises he gave he cranes ex-president in the new league but their alleged phone call. hello there good morning it's search you say the 23rd of june you're watching r.t. international where is just going to let me in moscow now one person has been left dead and 7 police officers injured after violent clashes broke out between remaining migrants and the authorities trouble fled over the continuing coronavirus quarantine in the german city of gottingen about $700.00 remaining migrants were locked down in a tower block after more than $100.00 contract to cope with 19 police reinforcements have to be sent to the area to maintain order. was was. was 8 was. was germany has received international praise for the way in which it's handled the corona crisis but a developing situation in the city of getting and where hundreds of people have being corralled in and forced quarantine into an apartment complex is becoming increasingly shocking all monday

u.s. federal reserve the central bank has. done extraordinary measures to provide liquidity into the markets and that's also spilled over into the emerging markets that's what helped to provide the money. in order for governments to borrow so that's helped support risk assets but for the u.s. it's a question of whether they can get growth coming back again when we reflect back on the end of the 2nd world war which is where we are similar levels in terms of debt ratios just over 120 percent on average little less the some countries a little bit more the others like italy. they are in the fifty's or sixty's and seventy's the debt ratios came down but what helped there was of course growth recoveries after the war that was very important in bringing those debt ratios doubt we hoped for similar scenario this time around where we can rekindle growth and help bring back down those debt ratio is also what happened in the sixty's and seventy's we had inflation and inflation also helped a lot in terms of bringing those debt levels down but inflation is of one of the key things that investors will look at because they will be put off they will lose credibility in the eyes of investors if the go

u.s. dollars time is up do you say because it's becoming kind of. this world a world reserve currency and kind of a string and a whole new era of state less money i do indeed i think big point is going to destroy a currency is the dollar is the strongest be our currency but i think ultimately the fact that they want exists makes the whole nation state paradigm including all the beyond money associated with it unsustainable and impractical they cannot escape the gravity of. strengths as the strongest money we've ever known staving call thanks so much for being on kaiser report thanks for having me and that's what we're going to do it for this edition of kaiser a park with me max kaiser and states air would like to thank our guest david call if you want to catch us on twitter it's kaiser report and bio. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic development only i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordina

u.s. dollars time is up do you see because i am becoming kind of. this world a world reserve currency and kind of a string in a whole new era of state less money i do indeed i think big point is going to destroy currencies the dollar is the strongest be our currency but i think ultimately the fact that big point exists makes the whole nation state paradigm including all of the beyond money associated with it unsustainable and impractical they cannot escape the gravity of. strengths as the strongest money we've ever known of staving call thanks so much for being on kaiser report thanks for having me and that's what's going to do it for this edition of kaiser a park with me max kaiser and stays here would like to thank our guest david call 'd if you want to catch us on twitter it's kaiser report until next time by all. the world is driven by a dream shaped by. the day or thinks. we dare to ask. and. you can't argue with nature an inch nature that has to live through this message and so will we know only you're more going to. live and don't change into account this you will be an aspect of your own why the need to ensure this was coded 92 i think that

u.s. dollars time is up do you say because i am becoming kind of. this world a world reserve currency and kind of a string in a whole new era of state less money i do indeed i think big point is going to destroy currencies the dollar is the strongest be our currency but i think ultimately the fact that big point exists makes the whole nation state paradigm including all of the beyond money associated with it unsustainable and impractical they cannot escape the gravity of. strengths as the strongest money we've ever known stevan call thanks so much for being on kaiser report thanks for having me and that's what's going to do it for this edition of kaiser apart with me max kaiser and stacey everett like to thank our guest david call 'd if you want to catch us on twitter it's kaiser report until next time by all. some control for a middle class the homeless of a night muslim are very hardworking people who want to get ahead that have either have some some health issues or have some of it out of strict about luck a full time job won't always pay for a place to live and missing just a month's rent can get you a victim to gunpoint if anything bad happens

u.s. market, is, one, it is still one of the safest markets globally, particularly when you take into consideration the federal reserve stimulus program. and it is still the place where most moneyanagers have over asocated because it is seen one of the least risky large-cap equity classes. alternativesee an in areas that look more attractive or have more of a risk-reward opportunity, i see the u.s. markets continuing to be on an upward trend, rather than looking -- and withholding it rather than looking at fundamentals. david: jobs reports coming out tonight, is that going to tell anything new? yes or no. erin: i doubt it. when you see that preliminary jobs report, that was a big surprise. they are generally pretty tied together, so i think we have already digested the surprises and it will be less than expected. david: lovely to have you on the program. you are welcome back anytime. erin gibbs, gibbs wealth management president and ceo. coming up, we are talking oil. opec-plus set to extend cuts. we will have the latest on that story coming up. ♪ david: friday early morning in the asia-pacific, oil is doing this. we are dead flat, a third of 1% higher over two days. let's talk

u.s.? what would that mean for potential valuations in the sector? michael: that is certainly our thesis. we pretty much have been expecting since the federal reserve embraced modern monetary theory, started printing the moneynance unlimited spending out of washington, we've had two themes. we felt like the housing market and eventually the equity markets would probably bubble. the housing market would be particularly on a rocket ship because covid-19 suspended construction. we already had a very thin inventory in u.s. housing markets. now you add to that record low mortgage rates and i think you have a recipe for powerful home construction, powerful home sales, and ultimately price appreciation that will probably go a little too far. shery: does that sector pose a risk? if we are expecting the housing market to recover, could we also extrapolate that other sectors like manufacturing will do well as well? michael: well, i would say the housing sector will eventually form a risk but that will be several years down the road. if you think about the last housing bubble we went through in 2007 and the bust in 2008, 2009, we are probably 2004, 2005. so, rather than worrying about the housing market right now, wha

. >> first of all, the federal reserve is obviously very aggressively committed to making money cheaper, to do whatever it takes to support the u.sets. curve controleld to make sure that bond yields stay lower across the curve and into the longer periods. compared to the several years when the ecb was much more aggressively trying to keep yields lower and other central banks were trying to keep yields lower than the feds, we are at the point where the fed is making sure that it is firm in its commitments to keeping yields down as anybody else. that means you have seen the differential in rates compared to other countries come down sharply. that reduces the appeal of the dollar as somewhere to stay. more importantly in terms of why we have seen the dollar weaken recently is you had during the first very scary weeks of the covid lockdowns in march, a very ugly crisis, which showed itself as a serious shortage of dollars. you so therefore -- you some will therefore one of the fed's less publicized measures was to offer foreign-exchange swaps to a range of other friendly central banks. and it'll last few weeks, we have seen -- in the

money over the last month or so. we also got an update yesterday from jerome powell, the chairman of the federal reserve. he was testifying before the senate banking committee, and he warned the u.smy faces significant uncertainty and fears around wider income inequality. he said recent job losses have fallen hardest on low-income workers, minorities, and women, and he said that if it is not contained and reversed, then the downturn could further widen gaps in economic well-being, then the long expansion has made some progress in closing. so, we don't want to undo the progress that has been made. that's his message to markets. and then one corporate story i want to highlight for you is around apple. the european commission has opened two formal antitrust investigations into apple's app store and its apple pay payment system. the investigation into the app store comes after complaints around the way apple makes a 30% commission on every subscription it signs up through the app store in the first year and then a 15% commission after that. it's also reportedly looking into whether apple store rules stifle competition in gaming and cloud services. and last but not least, the commissi

u.s. federal reserve, the central bank is doing to stimulate the economy, pushing liquidity into the system, which weakens the dollar and pushes that moneystocks with other, you know, other little places to go that's my contribution >> yeah, for sure. >> wait, wait. look at the chart, when the balance sheet was going down in the first nine months of last year and stocks were going up and the magnitude. i don't know the dollar has been in -- >> it wasn't going down by as much as it's going up now. >> no, no, certainly not. >> what about the eu massive, massive never before seen stimulus from the eu. >> massive >> plus coordinated action for the first time, germany saying, okay, you know what, we're basically the united states of europe, beal the fed of europe too. that has never happened before so i think we have to throw that story in the mix too >> i think you can say fiscal authorities and central banks have sent the message they will not allow the disaster scenario to unfold and they'll try to buffer it without saying there are all these wayward dollars in the universe and they're finding their ways into stock portfolios two different