Themselves on the wrong end of a judges decision in california it is friday, october 23, 2020 and you are watching Worldwide Exchange on cnbc good morning, everyone. Im seema mody in for Brian Sullivan we kick off your friday morning with a look at stock futures, the dow up currently about 75 points the major averages august coming off their second positive day in three. But looking to end the week in the red. Here is how were set up the dow and s p are on track to snap a three week winning streak, the nasdaq on pace to break a four week winning streak for its first worse week since september. Part of that is apparent rotation out of Technology Take a look at the ishares and momentum etf, it is down more than 2 this week. And on pace to snap a five week win streak the etf tracks tesla, apple, amazon, invidia and microsoft. But not to be out done, First Trust Dow jones Internet Fund is now down about half a percent for the week eyeing its first down beak week in five financials and regi
Dom . How many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a Holding Pattern thats what well call t. Marginal losses in the s p 500, dow and nasdaq, as you can see there. Just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so thats what were seeing in markets. One place where were seeing a good amount of positivity today is in the internetrelated names. Social media specifically. Check out this First Trust Dow jones internet etf ticker fdn is off the highs of the day, off twothirds of 1 small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96 , and then it fell about 15 here and then up another 12 from there, so thats a move there for the social media stocks that were watching as well, a
And were hoping they can get the upper hand on these fires pattern. A cooldown as our high over the next couple of days temperatures reach into the while were seeing higher upper 60s. Each morning well start out morning humidity and cooler with some fog and also at times temperatures. A live look outside in walnut some smoke drifting by. Creek. Even though the sun hasnt come once that fog clears out but up theres still a lot of smoke that also will, once again, that in the air. Our temperatures in the low 60s marine layer coming back is helping to improve our air this morning. At noon were in the upper 70s. Quality and we should see more going into saturday and sunday. Mike, you were tracking a fire up in the north bay. Its still going to be lower whats going on with that . Compared to what weve had you know, it sounds like, recently with mid80s in the kari, it may be a smaller fire, south bay. Upper 80s for the inland east perhaps roadside, unfortunately, bay and 94 further to the nor
Progress but a deal is still out of reach for testers gathered again in jerusalem demanding Benjamin Netanyahu step down over corruption claims and his handling of the coronaVirus Outbreak. And the us president versus take talk donald trump threatens to ban the chinese own video sharing app over data privacy concerns. We begin in latin america where corona virus infection numbers have doubled over the past month mexico has eclipsed the u. K. And now has the 3rd highest number of deaths and colombia has over 10000 deaths with the lock down theyre expected to stay in place throughout august but the government expecting the peak to be reached this month all spittles in several cities including the capital bogota have few available beds left in their intensive care units meanwhile argentinas lockdown was due to expire on sunday but a recent surge in corona virus cases there has meant that its been extended not only that but the government is in the midst of negotiations with foreign credit
In limbo as politicians disagree over extending benefits for those that are jobless by this pandemic. And a nasa team is about to start returning to us and whats expected to be the fastest sea landing for u. S. Astronauts in 45 years take a look this is the scene right now at the International Space station. Now its the largest protest israel has seen in a decade for the 3rd straight week thousands gathered outside Prime Minister Benjamin Netanyahu his official residence demanding that he resign theres frustration over the governments handling of the krona Virus Outbreak as well as the corruption charges that netanyahu faces a force of reports from westerners. Its becoming a saturday night ritual in the square close to Benjamin Netanyahu official residence early evening and the policemen increasingly riposte barricades by the. Testers renew their demand that netanyahu leave office the socalled black Flag Movement has long insisted that a Prime Minister on trial for alleged corruption a