Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge problem. Stocks way down. Second tech problem, the top court in europe will restrict the transfer of the personal data of europeans to american companies. They are worried about our surveillance of them. This could severely disrupt big tech operations and big tech stocks are down. While stocks generally are moving lower, especially those technology issues, the dow, we are looking at a minus 180 at the opening bell, down 21 for the s p and really, the nasdaq taking it on the chin. Again, technolog
To see a two year yield come in and a 10 year bond coming in with a vengeance. Coming in is that signal slowdown, massive curve flattening. Jonathan 10year yield breaking down. We are down eight points on the s p 500. Lisa, phase one was about access to capital and drawing down credit lines. Phase two is about the permanent decisions, cuts and layoffs. That is what has been building this week. Lisa we have seen those cuts and layoffs likely to be ongoing with a number of cfos studies pointing at Bigger Companies looking to shrink their workforce further through the end of the year. The thing im watching is how much can we plug the gap, the deficit of production with regards to fiscal stimulus . As we wait for that, we will be waiting for the data coming out today. We get the u. S. June Producer Price index, measure of inflation. 1 00 p. M. , this will be interesting in light of the fact that you seek shale producers bringing rigs back online due to higher oil prices. Later today, Presi
Good morning to you wherever you are. Im Frank Holland in for Brian Sullivan lets get right to the markets and take a look at the stock futures this morning its been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid19 but the nasdaq, its run keeps on going. Leading to another new record high its 26 for the year on pace for the third weekly gain in three weeks. Now to the global markets. Karen tso. Shes in our london newsroom with more on that. Good morning. It has been a weak finish for those asian markets today. Negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. And the rest of the markets to be very much focused on the bull run for the Chinese Market take a look at this. A lot of investors piling into chinese stocks this week and that has taken them to the highest level in
Windy out here. With daylight you can see exactly how far this fire spreads. The concern was it started on the eastbound side of 580 and then jumped both directions of the interstate 580 onto the northbound side. Traffic is still backed up. This all started from an accident at around midnight last night and the big rig or pickup truck, were still trying to confirm which one it was, whether it was a big rig or a pickup truck. The chp saying it hit the Center Divide and caused a fire. That fire spread to the other side of the freeway. At one point riding in the wrong direction because they were trying to get away from flames. Fortunately the firefighters were able to put the flames out. The fire spread to about 100 acres but now it is completely out in all directions. Both directions are open. Back here live, the traffic westbound is still backed up. I was sitting in the traffic eastbound. At 3 45 they opened up the lanes so eastbound is flowing smoothly. Back to you. Thank you, sharon.
A grant vicki, the protest has just about wrapped up the protesters making their way down court street that scene behind me here with the black lives barrel on the black lives matter mural in martinez they had they were heading down to the marina area. There was a lot of anticipation that was building up to this event be. Town was pretty much bracing for thousands of people here to show up out of there was hundreds of people that showed up here and businesses also boarded up but as police stood by and watched what was happening. The protests remained peaceful. Hundreds of people make their way down court street waving signs and chanting for racial equality, the demonstration taking place where a man and woman recently defaced a black lives matter mural thats the disgraced that were out here fighting against this White Supremacy and White Supremacy in a to white people and this is unfortunate that this is where we still are in america, but we have to do what we have to do them. Proteste