Plans to their state as soon as today. Preparing for one possible second wave. What one ceo says hes getting ready and doing. You are watching on this wednesday, may 27, 2020 on cnbc. Good morning welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for starting or ending your day with us on cnbc it is turning out to be quite the holiday shortened trading week futures are up again right now session highs. Nasdaq also up about a percentage level about the same. Dow futures have been gaining ground since opening up in the red following yesterdays big stocks move higher squarely focused on two things number one, the hope around the vaccine and the optimism around the rebound as more move forward with their opening plans d. C. Targeting next week, parts of long island opening today. Sooner than many had expected given earlier concerns the case of new growth rates and hospitalizations have come way down even those who get sick tend to ride it out and recover.
Plus feeling the burn. Well look at the one sector that may be just a bit out of the sync, and later on we have a fast pitch for you one of our traders is still bullish. Thats your fast pitch theres your mystery chart place your guesses the name and the interview ahead. All of that coming up when we begin with a wild ride on wall street today stocks plunges a matter of minutes, the dow falling almost 400 points the dow down 128 points. You know, guy adami, traders have attributed this to articles about the coronavirus either way, does this kind of show you how shaky or nervous the market might actually be . The vulnerability of the market itself. I think the answer is yes its okay to be vulnerable i love that mr. Toads wil it doesnt show yes, it does, brian we look with value to 148 billion, 85 if it was a publicly traded company, we would talk about it every day. It can also happen to individual stocks we saw how fast the market went lower today, but things that have sort of been a ha
The hard earned dollars. This is facebook could facebook be broken up by government shares down on the threat of government action. All that ahead but beginning with the headline sending stocks to new records. The United States and mcagreed in principle to phase 1 of a trade deal Kayla Tausche live at the white house all day. Breaking news all day long and joining us now with the late breaking details kayla. Waiting official word from the white house and the u. S. Trade representative on a limited agreement between the u. S. And china that would see tariffs on sunday delayed or cancelled and would potentially roll back some earlier tariffs or cut the tariff levels from previous rounds. The wall street journal and bloomberg both reporting that President Trump has signed off on this agreement that was presented to him by miss top trade and economic advisers earlier today. The meeting that the president held was for roughly an hour in the oval office. And at one point he was joined by ceo
You can quickly shed it as we watch temperature up into the 80s this afternoon. Recovered to 71 in boston. 70 in norwood. Hard to believe that few towns are back to school. For many towns we have a week to enjoy of nice weather before you have to head back next week. Wind from the northwest light in worst. That will turn onshore. Well hold upper 70s to 80s at the coast. Mid 80s inland. Time now for fast track traffic. Heres danielle rs still slow on the roads. Heres 93 sort bound as you make your way through summerville. This is what it looks like still back to 128 this morning. Lets switch cameras take a look talent expressway. Stop and go traffic. Same story south of up to. Lets head to map were watching an accident in lincoln on route 2 eastbound at bedford road causing delays there. 93 crawling back to 128. Youre stop and go on route one as well. Braintree to boston northbound on the expressway still over half an hour. Thats from an earlier crash in sharon this morning. Heading int
The white house under the assumption that there will be a second trump term. Our assumption is the second trump term, we think that he won that election. And any speculation about what joe biden might do i think is moot at this point. Peter navarro is part of thi trumps denial. Reports say this ivanka and Jared Kushner are torn worried that it could hurt his prospects of a 2024 comeback. But we have not heard directly from the president in more than a week. He is described as angry and sulking and pushing advisers to find some way to keep him in power. But the math is undeniable. Plus a Watchdog Group is rebuking the fraud claims, quote, there is no evidence that any Voting System deleted or lost votes, changed votes or was in any way compromised. There is a rare thing on the president s schedule today. A meeting to discuss the coronavirus crisis. The topic is operation warp speed, the vaccine effort even more critical now as the United States sets sad records for new cases for the Thi