Action from jay powell call it a pandemic breakthrough, the fda clears a near instant testing kit that could change the tide in washington, d. C. , lawmakers looking to make a deal over a skinny stimulus package. It is thursday, august 27, 2020 you are watching Worldwide Exchange on cnbc. Top of the morning to you. Im Brian Chu Dominic chu in Brian Sullivan this morning. S p lower by about two points, the nasdaq off by about six. Monitor day for the nasdaq yesterday. Coming off fresh alltime highs. The dow did end higher yesterday and is now less than 1 away from the break even level for 2020 that is 28,539 digging deeper, it is not just the big names keeping the rally alive. Looking at the semiconductors, both of those coming off intraday alltime highs. Up more than 2 this week alone. Cloud computing getting a boost. Three etfs tracking the space. Coming off the fresh high with a huge move, a massive move. Salesforce goes into the dow next week. That stock higher by 26 for its second
Now. And a good morning to you on this thursday. Im marcus washington, thanks for joining us. And, yes, thanks for being here. Im laura garcia. We will get to mike in just a moment. Want to get to our own weather system and see whats going on out there. Good morning, meteorologist, kari hall. Good morning. Starting out with some nicer weather for the bay area. As we see the fog roll in during this Morning Hours and bringing in higher humidity. As we go through today, were going to see it a little bit cooler than the past couple of days with some upper 70s for the east bay at noon and reach into the upper 80s in some of the warmer spots while the south bay will be in the low 80s. Well talk more about this coming up. Mike, any issues for early commuters . Kari, i have a Traffic Alert which should be clearing any second. Well take you to the maps and talk about mostly green sensors as you expect for the morning commute. Closures still in place for the czu and lnu fire. We slowly saw just
Intensified kron fours reyna harvey live in oakland with details on what happened reyna. And good morning. So it really was a Ripple Effect first you happy Police Shooting of jacob blake like you mentioned, and then you had to protesters who were shot and killed protesting the shooting of blake so a lot of things happening that have made its way here in oakland were going to show you some of the damage that was done overnight you can see here at the whole foods store here in oakland, the windows broken out there there were also several other buildings that were vandalized including cars along with the Alameda County courthouse being set on fire as well now according to police. Theyre saying that numerous fires were set throughout the downtown area and theyre saying that also dozens of windows were broken and theyve seen multiple businesses that were vandalized now its really important to know that the protest all started peacefully. People taking to the streets with signs asking for ju
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Portfolios. And nba players boycotting basketball games following the Police Shooting of an unarmed black man in wisconsin. Were going to get the thoughts of one of the black speakers at the Republican National convention. Mark meadows and nancy pelosi scheduled to speak at 2 30 does any of this job news wake up congress . Ill ask senator Marsha Blackburn. Weve got a big show for you on making money. Charles its been a day of significant news that keeps really a positive tone to the overall market. First off, Federal Reserve chairman Jerome Powell announced significant changes to policy approach in part to really the goal he says is to truly create maximum employment that would help all americans. Meanwhile, abbott labs receiving approval for a 5 covid19 test which further underscores we are getting closer to containing the virus. Its no coincidence the dramatic incline in cases coincides with the dramatic rally. The conundrum for investors is whether to chase the winners or buy the la