Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The nasdaq composite hit another record high. At the end of the session, the biggest fall in more than two weeks. Take a
In the last 10 days. The u. S. And china trade new barbs. Washington rejects chinas claim to the South China Sea. Top u. S. Senators are facing mainland sanctions. Haidi u. S. China sentiments dominating again with the grim overlay of rolling back restrictions around the world. This is how we are shaping up when it comes to u. S. Futures contracts, up by. 2 after what was a truly volatile session. We had the s p 500 touching levels prepandemic and we also have the nasdaq hitting a fresh record before finishing in the red and we spoke about tesla being a huge part of that tech eventual close lower. Nikkei futures up by. 2 percent. Sydney futures escalating in the red, point 8 lower, looking like a set up of. 5 lower, this as we are expecting an announcement today that the fed of New South Wales will ease back those restrictions when it comes to indoor gatherings at pubs after cases coming from the pubs. It is now over 20. New zealand trading modestly higher, about. 25 . Some significant
Smartphone sales. Details about the beijing security law. Shery this is quite a reversal from the deficit we saw in the previous month. We had seen south koreas current account falling to deficit for the first time in about one year but the numbers have recovered and we are seeing a rebound with our current account surplus topping 2 million. When it comes to goods, the trade surplus coming in at 2. 5 billion for the month of may. This is quite a recovery given that we had really fallen to the lowest level since 2008. Good trade surplus numbers. A much better than expected number out of south korea when it comes to the current account surplus and also the goods trade surplus for the month of may. Lets see how markets are trading at the moment. We are seeing now nikkei futures unchanged. Same for u. S. Futures. This after we had stocks here in new york jumping following the holiday weekend. We had seen five sessions of gains for the u. S. Now unchanged at the moment. The japanese yen Hol
The opecplus curbs doing little for the global glut. The virus drags on demand. Policymakers are focused on the Economic Impact of the virus. We will hear from a policymaker later this hour. Shery we are seeing downside for u. S. Futures. This coming on the back of a second straight week of gains. We have seen coronavirus cases start the United States to stabilize. We are seeing coronavirus debts and cases here in new york coronavirus cases here in new york start to decline. Brent is down. There was a loss of 8. 5 on friday. There is a gloomy outlook on oil prices, wti at the lowest level on record. Haidi we have been listening into President Trump speaking at the daily Coronavirus Briefing at the white house, talking about additional testing and stimulus and conversations with the democrats coming close to a deal. President trump saying Vice President mike pence will be helping having discussions with u. S. Governors when it comes to shortcomings in testing in information will go ahea
Though as of yet. Lets get you updated on the latest for mass transit. Bart is closed at some stations in downtown oakland and San Francisco. South street will be closed through the center and south side of the station. Four downtown San Francisco stations will be accessible from the north side of market. And the south side entrances will be close where had the elevators are. It is a lot to remember. All the information is on our website at kpix. Com. Lets check our forecast. It will be nice today. Here is mary lee. It will, gianna. A Beautiful Day ahead with plenty of sunshine and temperatures on the rise. We are starting off a new week with High Pressure building in for us. Here is a live look at the Treasure Island camera. You can see the clouds in the sky. Many of us in the 40s and 50s to start the day. We are tracking breezy condition, especially for fairfield. 15mile per hour winds. And in oakland 13mile per hour winds this morning. As we head through the day we will catch the cl