Report in the atlantic that says President Trump called wounded veterans losers we will talk to the Vice President , but lets talk more about the nasdaq with the tech selloff continuing. Some of the big names we follow closely, tesla is down after a 9 drop yesterday and today its down about 2 in premarket activity. The chip maker also about 9 yesterday and it also looks to open down by almost 4 today. That is free market activity as well. Zoom after a big day earlier in the week seeing major prophet taking in the last two days down almost 2 and apple surging on its stock split monday but then down another about 7 yesterday down to about one and a quarter in premarket activity after an 8 drop yesterday. We are less than two months until election day and joe biden is out and about. He made another. Dot this could be why the democrats want him to stay in the basement. We will play that a little later. We may hear from President Trump as he meets with leaders of serbia and kos about later
Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
Were still expecting highs, upper 90s to 110. That means the risk of heat related illness and heat advisory in effect for the coastal areas. We expect wind to increase tonight and tomorrow raising the fire concerns. A red flag warning for high fire danger will be effect for our hills and mountains from 10 00 p. M. Tonight until 8 00 a. M. Wednesday. We have a wind and vise ri in effect for the north bay and east bay hills and mountains. Ill have the full accuweather forecast in a few minutes. Well look forward to that. Thanks. People triped to save energy to avoid blackouts. Abc 7 News Reporter with more. Twice theyve said its leaking. Reporter he said his airconditioner has been broken its bad timing with the triple digit heat. My wife is a teacher. She teaches from home. My kids are home schooling and its an absolute mess. How do you keep cool in this heat . I notice the pool behind me was open. Reporter bryan wh lives in an apartment complex says he was glad to see the pool being us
We will be standing by for that. Looking at the markets, stocks rising to the highest level since february. This as a number of stocks including amazon and zoom continuing to rise because of extended shelterinplace and work from home orders. More earnings out this week, watching microsoft, intel, tesla as new cases are being set in states across the country including the first death of a child being reported in minnesota. This as the president , governors, teachers unions and parents battle it out across the country over whether or not schools should reopen. You have got u. S. Lawmakers starting to put together another Coronavirus Relief package this week. That is what our next guest is here to talk to us about, the cofounder of aol and the chair of revolution, with a new oped in the washington post. He talks about what congress should be focusing on. Start with your headline. You say the prepandemic economy is not coming back, not coming back ever. What about the new economy will be d
Australia. You are watching President Trump giving a press conference saying he is looking at a term limited payroll tax suspension. We have seen democrats and republicans oppose any action on the payroll tax, but the president is saying he is exploring additional executive actions and relief. He says he cannot go along with what he calls bailout money for the states. We have seen the states try to get some sort of relief. President trump says the goal is to protect Vulnerable People and avoid stringent lockdowns. He is headed to ohio tomorrow. He says that no states have s sn outbreaks or get worse since tuesday. We have seen some encouraging vaccine news. U. S. Futures at the moment are looking flat. We will see how things are just shaping up for the asian market. Our reporter is in hong kong with the latest. Futures are mixed and mostly flat. Plenty is happening this thursday with earnings galore. Later today, the r. B. I. Is in focus. Bank will pause after cutting this year to shor