The big apple housing bust how hard is new york City Real Estate being hit and if it will get any better anytime soon . It is wednesday, may 6 you are watching Worldwide Exchange on cnbc. Good morning, good afternoon or good evening. Welcome. Im Brian Sullivan thank you for watching here on Worldwide Exchange on wednesday morning. Here is how your markets and your money are setting up. Futures about 145 points on the upside parts of this due to reopening the economy. Remember this, the dow was higher a week ago before we started talking about reopening. More likely the move is that hedge funds now have the highest net exposure to stocks big tech, once again, the names you know, the faang stocks outperforming again yesterday. Oil is part of the story as well it tells the story of more demand down the road oil up again this morning. Now up about 30 in a week demand for gasoline is slightly on the rise. Production cuts for chevron and exxon and others coming faster than expected in the Un
Definitely people are still only the fourth time in her 68 going. You will see that traffic is year rain that she had moving along okay for now. Addressed the british people outside of her annual christmas it is 4 30, lets go back to greeting. The headlines. All right, thank you, sal. Within 48,000 people in the uk have been infected with the the number of confirmed cases o coronavirus, including her son, welcome back to mornings on the heir to the throne prince 2. A nice request hear from charles. Joe. We are seeing the north bay. Time is up for 146. Watching the north bay. The hollies. Engineers at tesla gave a what year it was. Is now more than 3600. Behindthescenes look how they santa clara, San Francisco, and are making ventilators out of i do remember single. Alameda counties have nearly car parts. We want to know they are 2 3 of all the cases in the bay cool woman, thank you joe. Reliable. We will have a request working area. The new hospital at the santa from home. They were wo
House Economic Advisor larry kudlow someone we know and love worked here a long time. Saying that the u. S. And china are getting close to an agreement. He described the talks being very constructive in his words saying the mood music is very nice that has not always been so in these things. He sded that the president is not ready to sign the deal just yet. Also getting word in china, vice premier lu will be holding principal level calls today we are up 60 points about all it is worth, i would say. Right now, hong kong confirming overnight that they have plunged into the first recession in a decade. That marks the second straight quarterly decline. The Financial Hub has been suffering from violent protests, the u. S. china trade war the week of rage continues to boil over. Well get over to matt bradley for more on that andrew, yes you are right. This has been six months of protests this started with the extra diction bill that started over the summer that has been drawn. You can see un
Well, tha a big question a big meeting on capitol hill tomorrow may give us some answers perhaps the fist big test of the new year will come from iran. Deadly empty government protest there, least 20 people reported dead calling those protesters, quote, enemies of iran. Big day, of course, as we kick off a new year 218 is here and Varney Company is about to begin. Well, have you noticed unless you live in very southern, florida or out on west side in california it is freezing outside frigid temperatures continue to grip wide swaft of the country from pink and purples youre in deep purple youre in deep cold. Heres that weather map where windchills bundle up we mean that is obvious isnt it and snowstorm by the way, is brewing we are told off the atlantic coast. And if it it pushes east it could be a major storm up and down i95 corridor, oh boy looking forward to that. Or more for us on that, potential storm about three minuteses from now. Lets take a quick look at the stock future for yo
The government trying to prevent a collapse of the countrys markets which lost nearly 30 since june. The news helping to spark a rally today. A gain of more than 3 in shanghai and shenzhen we have seen the imagine higher by nearly 5 . Keep in mind you go down 30 you have to go up a lot more than that in order to recover. Heres the greek stock exchange. Market there open for a second straight day after its five week closure. Down by only 1 today after the big pummeling it took yesterday after reopening and the u. S. Futures at this hour suggest that were going to have slightly negative open. The dow lower by 15 points and s p by 2 and nasdaq by 4. He is dismissing claims that oversupply is driving down prices and he believes the end of the broader commoditys route is in sight. Lets Check Oil Prices right now. You can see above 45, not by that much. Up by one and three quarters per cent. Its a nice gain after the sell off in recent days. Brent had gone below 50. That was the big headline