Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s
We are on storm watch now at 11. His family is across the bay area forced to stay home due to the coronavirus. Not just rain but snow covering the crf. Visiting your favorite ski resorts wont be an option for a while. A Prestigious International Exchange Program under fire. Why students accused a program of abandoning them during the coronaVirus Outbreak. A rainy weekend from families stuck at home. Storms across Northern California leaving a wet night in San Francisco and treacherous driving in the sierra because of snowfall. It has been a very rainy second half of the day and evening in the south bay in east bay. Look at doppler this is what it looked like at 5 pm. It looks like it now at 11. There is a focus for continuous ready moderate rain coming right and across the south bay and extending to the east bay. We will call out the same spots we have been doing all day. Fremont you are getting good rain. You got close to three quarters of an inch of rain today. As we look to the east
Some have moderated a little. We trade at 68 59. Gold went above 1600 an ounce. We come off the high a ten year yield did get to a 170 breaking a trend line that weve been in since september but now down to two basis points on a 180 handle on that. Looking at dollar yen though that comes off a little bit. Unchanged there on that currency pay. European equities in the red but a reasonably muted move also what were seeing in u. S. Future. One point we saw it drop as much as 1. 7 but we recouped ome of those losses. This morning we begin with the retaliation from iran against the u. S. For the killing of its top general. The nation firing a series of missiles at Iraqi Air Bases Housing u. S. Troops. The escalation coming hours after President Trump says the u. S. Was totally prepared for an attack. Irans foreign minister saying tehrans is retaliation. It adds it isnt looking for war but will defend itself. Also this morning shortly after takeoff a boeing 737 bound for ukraine crashing in
Halting max production plus, iff is merging with duponts biosciences and nutrition unit it is a deal that will create a new consumer giant valued at more than 45 billion. Iff ceo and duponts executive chairman will be joining us to discuss the deal in just a few minutes. And record rally, the iss p and nasdaq new highs lets start with boeing, moving lower in the premarket, the journal is among those reporting that the company is considering suspending or cutting production of the 737 max. In response to the story, boeing issued a statement to cnbc saying it would continue to assess production decisions based on the timing and conditions of a return to service for the max. And as we know, guys, faa last week through cold water on that return happening before year end. Right i think that this is something that some people say it is a foregone conclusion. And that the reason why you didnt see this before was that the way that accounting works, something i think a great cfo would understan
Pressures for boeing, downgrades at Credit Suisse and ubs renewed congressional scrutiny, shares tumbling 10 on the past week. Opioids on trial in ohio for Drug Companies reaching a last minute settlement ahead of a landmark First Federal opioid case. And Mark Zuckerberg speaking out, why the facebook ceo tells nbc news it is more important to be understood than it is to be liked. Shares of boeing under pressure, having its worst day in more than 2 1 2 years, losing almost 7 friday. As we said, Credit Suisse and ubs cut the stock to neutral from buy today boeing under scrutiny following the revelations of the emails from 2016, which called into question the safety of the 737 max jets Flight Control system. The board met over the weekend, expressed regret over the message, continuing to investigate. Dennis muilenburg is scheduled to testify at house transportation next week reuters suggested this Board Meeting in texas may consider things like job cuts and some other kinds of trimmings