Countries, targeting the development of treatments and vaccines. You heard it here first, back in april, when senator tom cotton joined me on sunday morning futures. You believe that they are stealing intellectual property right now as we speak. I have little doubt that the Chinese Intelligence Services are actively trying to steal americas intellectual property as it relates to the virus that they unleashed on the world. Maria and now we have the of usual word. Breaking the official word. The u. S. Ordered china to close the consolate in houston as reports come in of documents being burned on the site. We have the late echt. Markets looking at a lower opening for the broader averages, futures indicating a decline at the start of trading, 88 points lower on the dow, nasdaq lower 17, s p 500 lower by 10 and a three quarters. The dow and s p 500 continued a winning streak yesterday. The nasdaq took a breather. The nasdaq was down. Its one of the busiest days for earnings this morning, bi
1 00 this afternoon. Were looking at some low 90s in antioch today as well as spots like clear lake and ukiah while San Francisco will stay in the upper 60s. Well get a look at the rest of our micro climates and a nice cooldown by the end of the week coming up. Mike, youve been keeping an eye on the roads. Whats going on right now . Well, right now, kari, i see another blip at the bottom of your screen as we take a look at the maps, highway 85 shows a little more out of sunnyvale, a smooth drive otherwise. Well doublecheck but we know about the slowing youll see out of the Altamont Pass through west 580 and its there. Everything is fine getting over to the bay bridge but do note if youre coming through brentwood and clayton, if youre not a local stay off marsh creek road. Marcus, you have the very big reason why. Thats right. Thats that breaking news out of Contra Costa County. Firefighters are still there at the scene of this late night grass fire that threatened a lot of homes around
In part because the u. S. Has the largest outbreak in the entire world right now for covid19, as we near 2. 6 million cases. To give you some context, back in march, the European Union restricted sop nonessential travel to about 30 countries to lessen the spread of the virus. Hours ago the eu decided to ease those restrictions, and allow travel from 15 countries, including china, south korea and new zealand. The u. S. Is not on that list. Meaning starting tomorrow, july 1st, American Traveler also not be allowed to fly into europe for at least two weeks. The spokesperson for sfo told us this is a disappointing announcement and sfo was the first u. S. Airport to require facial coverings and theyre continuing to lead the way in measures to protect the health and safety of their employees and travelers. In a statement, doug yeagle writes this decision overlooks the efforts all u. S. Airports are making to protect Traveler Health as well as the economic benefits that International Airline
Liz i do think spreads are important to watch. We always know theres a tight connection between the credit markets and the equity market. Especially high yield vs. Equity and i agree that when spreads got as compressed as they did, there was probably not sufficient compensation for those hotelers for the likely risk. Were seeing in it bankruptcies, which have spiked back up. They had a spike in may, leveled off and theyre picking back up back to 2009 levels and i do any what happens with spreads and more broadly in the credit markets, as it did in the march time frame will inform what happens in the equity market. Equity investors need to have a particularly close eye on the credit markets right now. Were seeing about a 50 uptick in terms of your average trading for the nasdaq. And what are you expecting for next week . As renee was telling us earlier, were heading towards a shortened week. Early data on the labor market only thursday because of the ourth of july holiday weekend. Lils
Update, and well speak with a lawmaker representing one of the hardesthit districts. And the case biden is making for his economic plan as well as efforts to combat the climate crisis. Details on a Search Warrant were learning the Special Counsel investigating donald trump got for the former president s twitter accounts. And new Development Related to Georgia Election interference case. All of these stories are coming right into to cnn news central. One hour from now, official will hold a News Conference and the big island. And winds continue to spread. Josh green, who is back to the fate after cutting hi vacation short, says he expects, quote, some lot of life due to the fares. Right now theres still thousands without power. Hospitals are overwhelmed with burn victims, multiple evacuations and Rescue Operations underway, including The Coast Guard rescuing at least 12 peoples, this after they jumped in the ocean trying to escape the flames. The thing is the hurricane is to the south. T