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Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, ap ....
Jason snipe is here as well. Lets get a check on the markets. Stocks are still deep in the red. The nasdaq, the biggest losers by far today on pace for its worst day since june 11th. The s p on pace for its worst day since june big tech names like apple, microsoft, facebook. There you see the index and some of the names amazon, alphabet they are the ones that are dragging the markets lower look at apple. Down nearly 6 microsoft, 5 . Facebook, 5 amazon almost 5 and alphabet 4 whats going up . Only the bond, the tenyear note at. 62 . Lets kick it around a bit is this the beginning of something bad or maybe not i dont think it is when i was on the show last week, i said, hey, all of us on the show today are greedy. Greed has a way of biting you at some point and you have to decide is it a flesh wound or is it drawing real blood. I think its more of a flesh wound. Its taking the weak handed traders buying things like zoom and now selling. That lets others as well were saying amazon will be ....
Once again i say good morning to we have been full by randomness. The story of the french banks this morning is absolutely extraordinary. Francine the french banks, but actually hsbc also disappointed. That is why we are seeing a to thebit of weight banking stocks in europe. I know you want to start with your data tom. Volatility for august. Tom lets do the data check as we go into august. I like what kit juckes of socgen says. August has some risk to it, and we start out with a turn. The markets lower, but the nasdaq 100 trading abruptly higher in america. We will have to see how the tech stocks open. In the yield space, it is a jumble right now. Maybe Early Morning u. S. We are not there. As we see the churn in europe and such. The real news is the u. S. 10year inflationadjusted piece. 1. 01. It breached one on friday, or maybe it was thursday. That is a huge indicator of disinflation. Merrick and oil under 40 a barrel gets my at ....
Higher . Apple, facebook. Pinterest is up 36 today. Take a moment to digest. Romaine they were so quiet on that. I purchase all my thoughts there. Vital farms, the ceo on earlier. Pinterest surging advertisers and users. One of the smaller tech companies. The Advertising Market is interesting to me. Are of the businesses advertising, some are not. If there is another downturn, do they advertise . Do they not . The chiefets get to Market Strategist at prudential. I want to get into the discussion with what we saw. Oing on with the dollar there are pockets that do better with the weaker dollar. Just taking a pullback, a breather. It helps financial conditions. You always hear it has not been networking well, but perhaps it will. The weaker dollar is good for emerging markets, commodity producers, those with heavy dollardenominated debt, the weaker dollar helps them, but ....
Listen live on the free cspan radio app. Next, Public Health officials look at efforts to improve flu vaccines and have developed eight universal vaccine this Committee Hearing is about two and half hours. This hearing will come to order and without objection the chair has authorized to play recess at any time. Lets me say good morning and welcome to our witnesses t. Todays hearing on vaccine, science and innovation, smallest box smallpox once plagued the worlds population killing approximately 300 Million People the 20th century alone it. Smallpox is the only human disease to be eradicated thanks to the development of the vaccine. Another devastating disease, polio, had just 33 cases reported worldwide in 2018 compared to 350,000 cases in 1988. Everyday vaccines save lives especiallyly the lives of childn and other vu ....