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BLOOMBERG Bloomberg Technology July 12, 2024

Texas. Meantime, covid19 cases continuing to rise with 4 million reported across america. But today, the u. S. Centers for Disease Control that is control is advising schools to open, after originally highlighting the risks. It added up to another down day for stocks. Joining us, abigail doolittle. Abigail a lot to digest, and you nailed all the issues. A big piece of it has to do with the big xl off, but the rising tensions with china have been the backdrop for the past two years, but really coming into the forefront here. And economic data, frankly, not right. Investors are paying attention to that. You put it together, nasdaq 100 down. 9 , down on the week for the second week in a row. Stocks hit even harder, down 1. 6 . What intel really disappointing, at lowes down 18 per soient, worst day at that point since 2000 to one Third Quarter guidance for that chip to let you ta ....

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KTVU The Eleven OClock News On KTVU FOX 2 July 12, 2024

A worker at the Veterans Home of california has now died of covid19. Her death is the first at that facility. 62yearold Gwen Robinson was a beloved employee at the nations largest Veterans Home, where she worked for 12 years. New tonight, we talked to her children. They dont think that she got the virus that work. Reporter no direct link and only one other employee has tested positive and they are in a different department. For gwen, in just days, it proved fatal. She was just here, just right here. Loved her crafts room and her niners room, shandra has been big fans. My mom and dad loved the 49ers. Reporter now daughter ebony is quarantined, alone in their vallejo home. Her brother brings food and comfort, both of them reeling at their moms abrupt death and their dad now in intensive care. Her purse is still in the house. ....

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KGO ABC7 News 600AM July 12, 2024

The afternoon. So very comfortable for us especially with dry air. And then back into the 70s by the time we get to 7 00. Well talk about the warmer weekend coming up. And there is a rush going on throughout the bay area to get students the tools they need so they can properly learn from home. Today you will hear more about this from the state superintendent as there is still a Digital Divide in so many communities. Education is one of the areas that were focused on as we try to build a better bay area. And there is some good news because there is something that we can do to help. Julian glover is joining us with more. Reporter yeah, that Digital Divide, the difference between students who do have access to a laptop and those who dont, it is a critical issue and we expect the state of california to be announcing today steps they are taking to close that gap, but there are als ....

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BLOOMBERG Bloomberg Technology July 12, 2024

After an unexpected spike in jobless claims. New fears that the u. S. Economy will not recover any time soon. Amazon, alphabet all dropping more than 3 . Microsoft falling on the back of its Earnings Results after reporting a slowdown in the cloud and even tesla dropping, despite beating earnings. For more on the selloff, i want to bring in Abigail Doolittle who has been covering the back and forth. Investors see reacting to the bad news, which honestly we see week after week. What drove the pessimism today . Reporter its funny you should say that because we finally have something to talk about. Instead of all these choppy little intraday volatility days, it has finally translated into closing volatility. The s p 500 down more than 1 , its worst day in about a month. The nasdaq 100 down more than 2. 5 . Its worst day in almost two months. Index chip index also lower. And ....

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BLOOMBERG Bloomberg Daybreak Australia July 12, 2024

What is affecting the markets, especially when it comes to economic concerns. Lets see how markets are shaping up for the asian session. We are joined from hong kong. Isshery, the spreading japan off for the long weekend, which was to mark the start of the tokyo olympics. We are seeing futures for asia pointing to losses. We will be watching to see if those concerns around the u. S. Tech rally will weigh in the region, what the nasdaq looking bubbly. We are also looking to the aussie dollar, holding declines below 71. Is trading atlar the highest level since april 2019 throughout this choppy week. Pulling up the terminal, the asiana is tracking towards 77 after a four month decline, but it has not been able to track to that level yet. Increased option activity this week could lead the way for more gains for this currency pair. In hong kong dollar and offshore yuan options. Yuane seeing offshore taking a breather after a twoday advance. Traders dont seem to be expecting too much
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