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, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
The s p 500 below its 100 Day Moving Average, suggesting it could follow that the german dax below the 200 Day Moving Average. There is a bright spot. That is the fact we have bonds basically come at this point they are slightly lower. We have a haven bid. The dollar at the highs. The dollar had been appointed percent. 8 since june. Bonds have been higher, the best week since august. This week is shaping up risk off. Aix the public was david couple of questions. What is going on with volume and volatility . Abigail i am so glad youre asking about volume. I was looking at the apap function on the bloomberg terminal and we are above the average volume. Sellers mean business. Upfor volatility, the vix is , the nasdaq 100 fix up above 40 the nasdaq 100 vix headed toward 45, heading for its biggest spike since july. The selling pressure is serious. Because we have signs of weakness in europe along with the s p 500 being below its moving average, the near and medium term buyers are holding o
Right now the German Parliament has just held a session dedicated to the alleged poisoning of. The russian opposition activist has been in hospital in berlin for almost 3 weeks now and recently emerged from a coma several german politicians are calling for action to be taken against moscow lets go live to europe correspondent. Tell us about whats been said in the. It was a fiery session on friday afternoon into early evening here in berlin in the german bund the stock the majority of those who spoke with pointing a finger of blame directly at russia and the russian government for what they say was the poisoning of alexei novelli Christophe Martin shoes a senior figure within the social Democratic Party saying that the future of the relationship between russia and germany would have to be completely rethought following what he described as this attack on mr novelli there were some voices that question the official government line not many i have to say but there were some poor hampel fr
All report Record Numbers of daily deaths. We are getting set for samsung results. We will find out how the pandemic has hit south korea smartphone makers later in the show. A look at how we are shaping up this thursday session. We will start with u. S. Futures. All eyes really looking at the fed, looking at jay powell. He said this is particularly the biggest economic shock in memory for the u. S. Prospects for further monetary stimulus, just incremental progress when it comes to negotiations, more fiscal stimulus, i should say. Chicago nikkei futures looking unchanged. It is a massive earnings day in japan, expecting results from hitachi, panasonic, as well as waiting on japanese retail sales. Retail sales coming out of hong kong later on. That is expected to be another grim picture. The yen, wonderful 97 is where we are. Steady below that one of five handle, the dollar coming under pressure from that super dovish fed and the dovish comment from fed chair powell. 41. 37, getting that
Hospitals filling up, florida breaking records for daily deaths. The alarming figures in 33 states. Could new jersey be ready to press pause . Cases spreading through a summer camp, and was this assault covid related . Plus, one restaurants innovative way to try to stop the spread. Tiktok banned . President trumps threat overnight to ban the wildly Popular Video app. The fears it could be a National Security risk and how the president could carry out the move. And ready to return. The Pivotal Moment for the spacex crew prepping to head home. Every six hours well get another forecast, sort of an update. Will the Hurricane Force a change of plans for this Historic Mission . Hey, good morning and lets get straight to the breaking news. Florida facing a double threat right in the middle of this deadly pandemic. A hurricane is moving in. As we come on the air, hurricane isaias is edging toward the coast, strengthening overnight, in fact, packing winds of 85 miles an hour. The category 1 sto