Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The nasdaq composite hit another record high. At the end of the session, the biggest fall in more than two weeks. Take a
U. S. Officials say there is a lot to be done if the two sides are to reach a deal. Some of the biggest backers of Softbanks Vision Fund appear to be having second thoughts. We are live in san francisco. Shery lets get you started with a quick check of how wti crude is starting to trade at the moment. We are seeing a little bit of pressure, down 1. 7 . Still above the 60 a barrel level. This coming up to the biggest gain since february of 2009. 13 jump after those drone attacks on Saudi Arabia Oil facilities. Also at a time where we saw a decline last week of 3 . We continue to see this demand picture not so clear for the oil markets given the ongoing chinau. S. Trade tensions and the ongoing slow down of the Global Economy. At the moment, we are seeing a little bit of pressure from wti, down 1. 7 . In two hours, we will get you an update on how brent starts trading. We will take a look at how the saudi attacks are playing out of the oil market. Nasdaq Corporate Solutions director of e
In the u. S. There is a pileon as well. Stocks are close to records. The president is to have a rally and brag about the records. There is still the tweet fallout that the white house has to dial. We have blake burman. Reporter this will resume this evening in greenville, North Carolina, where President Trump hits the road to later tonight for a Campaign Rally there. The president saying earlier today, he will talk about the economy. He will talk about the stock market. But he also tweeted the following saying i will also talk about the people who love and hate our country, mostly love. Of course the president ing to these four Democratic Congresswoman who have been embroiled in this back and forth feud with the tweets and comments he subsequently made. Democrats call the president s tweets an comment racist. Republicans are trying to turn the attention to the policies and controversial comments that some of these congresswoman have made in the past, coming to the defense of the presid
For it and so will the country. Look what is happening at the corner of wall and broad. Were up 266 points. Were going a long way to make up for the ground lost yesterday when the perception was that Federal Reserve is one and done. That may be case but no one at the Federal Reserve has dialed things bet but the betting is well see another cut in september. It is running 60 or so, incentive building for additional quarterpoint cut. None of that telegraphed by anybody at the Federal Reserve. You can interpret Jerome Powell at your own risk any way you want but right now that seems to be comforting sort of reversal of yesterdays advance or todays advance versus yesterdays free fall. Lets go to blake burman where things stand with the white house view on all of this. Blake . Reporter it would be comforting for the white house as well as they are calling for more rate cuts and more drastic action out of the Federal Reserve. Normally you wouldnt get any white house reaction to a major fed m
The freak. [laughter] thanks a a lot. Have a great weekend. Good afternoon, everyone, im charles payne, this is making money. Breaking right nowing stocks mostly drifting, right . Sort of mixed economic data. A lot of confusion on the true state of the economy. Look, inflations hanging tough which means the fed is still lingering around, and as long as the feds casting a shadow on this market, by the way, many are saying dont write off of a recession just yet either. And for once im agreeing with joe biden, chinas economy is a ticking time bomb which makes them a ticking time bomb. But the question is, what are we going to do about it . Speaking of big, the big guy has got some other problems. Moments ago attorney general garland are finally appointing a special counsel to the hunter biden investigation. But its not everything it looks like it could be. David webbs got some serious issues with it. Hell explain it at 2 40. And then my takeaway on the constant putting down of the socalle