Laura as it intensifies into a category 2 hurricane 16 years in the making, palantir finally making a bid for the Public Market but not without a lot of investor scrutiny move over bill ackman, there is a new face you ever watching cnbc good morning. Im dominic chu in for Brian Sullivan today a bit of a miss so far you can see the s p higher by about four points. The dow jones lower by 37. The nasdaq outpacing after the s p 500 closed higher. Hitting the 17th record close of the year nasdaq trying for a fivesession winning streak as it pushes. Now seeing the 38th record close of this year the dow bucking the trend ending the day lower. The key to watch there, 28,000 mark early going, you can see the shanghai composite about flat on the day as well. Meanwhile, we are seeing outperformance in the german dax up about a half a percent. The ftse 100 underperforming as it has been all year currently down in this session we continue to monitor the developing story in the gulf of mexico hurric
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
Thousand. U. S. Infections rise more than expected. Asia, a second wave is coming. Japans biggest banks are expected to join their global counterparts in bad loan costs. They could see the highest in a decade. Take haidi lets take a look at how we are setting up our final friday session. Positively from wall street after a pretty volatile session. U. S. Stocks faltered early on when President Trump said he was not interested and did not want to speak to xi jinping about the simmering trade tensions. In the beatendown bank stocks as well as energy names gaining on account of this jump we saw in crude prices. We are setting up positivity. Futures, both in australia and hong kong, and also in japan, setting up for a higher open, sophie. Ishie President Trump ratcheting up tensions with china amid the coronavirus and trade war. This is what he said about talks with xi jinping. Pres. Trump i have a very Good Relationship but i just, right now, i do not want to speak to him. There are many t
Orders the numbers are not pretty the dow on track for its worst First Quarter ever falling more than 20 Retail Stocks are front and center as the coronavirus handcuffs the once strong u. S. Consumer how long will the pain last . Well dig in on that this hour bob, we begin with you and the markets today. Good riddance to this First Quarter of second worst quarter s p history. This is why everybody is hopeful about rebalancing a little bit here corporate bonds, flat and high yield down 12 be. Reminding us in a recession these kinds of bonds, high yield tend to act like stocks. A little bit reminder about that we have good news and bad news the good news is the president is out today pushing an infrastructure stimulus. That would be a number of programs out there we have progress on the vaccines and testing. The fed and congress have gotten very aggressive in the last few weeks. All good news. Theres still bad news we havent begun to see the really bad Economic News the market is very do
President , Robert Kaplan. Why one person sees i think we can but it was one of commodity exposed risk currencies . Zach not necessarily. The main reasons why it was that is what we saw the first appropriate we take action this time around when the virus was week and why we are very opportunities. Treated by investors as a china lets check today on the carefully monitoring the shock. Situation. Monetary policy is not the lead something that was concentrated policy option in this situation. In china and therefore negative for commodity demand. We need Good Health Care now the virus shock has gone global. Street, down today, arresting western europe, north america, yesterdays gains. Policies, containment policies. Both dealing not only with the transportation index is it is possible fiscal policy spillovers from china but direct will play a role. Enough fair market. There may be forbearance effects from the coronavirus outbreak itself. Policies from a supervisory that makes the currency