Down almost 3 at one point. Jack ma said to surge up the wealth table after a mega dual ipo. Expecting to raise almost 35 billion in hong kong and shanghai viewed Sheldon Adelson rolls the dice in las vegas. He is said to be extorting the sale of his flagship casino which cost more than 6 billion. Shery lets get started with a quick check of the markets right now. We are seeing u. S. Futures opening pretty flat after we saw u. S. Stocks falling the most in the month and the regular session. The s p 500 down 1. 9 . It was the biggest drop since early september. We have the ongoing fiscal stimulus impasse, now on its third month. We also have surging coronavirus cases. Boeing falling on chinas plans to sanction the company over sales to taiwan. We have the u. S. Approving another potential 2. 4 billion of antiship missile fuel to taiwan. The vix closing above 30 for the first time in almost two months. We saw strength in the u. S. Dollar. Take a look at oil prices. Wti rebounding a littl
Dozens of earnings. Softbank. Cus on nextn move it on to our terminal chart that shows softbank. They have said they will buyback 12 of their shares. Up more than 40 percent yeartodate for softbank. Dollar has been firmly in focus, given what we have been hearing from the fed. The index is down. 4 . Looking for a fifth week of decline for the u. S. Dollar. Gold is up. You have seen a little bit of softness towards the end of the session. Can it break above 2000 and stay there . Crude is at 40 a barrel, up. 8 . There is concern. Is a concern in terms of the pandemic. Point. Own one basis look at lets have a the first word news, kicking things off with the global coronavirus case levels. Passing the 17 million mark. All out with a Record Number of deaths. California had its second deadliest days deadliest day. Texas, hospitalizations dropped for a ninth straight day. Almost 10,000 people in the u. K. A earlystagen vaccine. Almost 1000 new infections in germany. The australians have a cas
33 . Jobless claims rise for a second week with 17 million filing for benefits. International condemnation of hong kongs decision to bar a dozen prodemocracy candidates from Upcoming Elections as chinas new security law breaking news out of south korea. We are getting june Industrial Production numbers and they are a strong beat for the month on month numbers for june, a growth of 7. 2 . The estimate was for growth of around 2 . It is also coming after the previous number was revised downward, so its a bigger beat than expected. The year on year number still in contraction but only up. 5 percent. The expectation was for a plunge of 5 . The previous number was revised downward. We have seen a little bit more optimism. Manufacturers confidence in south korea rising. We have seen export declines starting to ease. Chinese demand rising, not to mention demand in the chip industry as well so the month on month number really a pop up 7. 2 growth, haidi. Today would be an interesting litmus te
With oakland and alameda each of 57 degrees currently, north bay temperatures among our coolest as of right now. Later on today, nothing cool about it will be into the 70s up the coast 80s towards the day and for inland areas, solid midnineties the rest your forecast is still to come james all right john thank you at 6 oh one lets get to the back our big story. The latest on the coronavirus pandemic and the fact that the u. S. Has now recorded more than 3 million infections. And a 132,000 deaths this map behind me here shows you the rise in cases across the country you see california and a number of other states 26 in all in orange, these are the states that have a 10 to 50 increase in new cases compared to last week the states in red like montana for instance, theyve seen more than a 50 jump. In new cases, but between the red and the orange states a lot of the country in bad shape daryn that includes of course, california yeah weve hit a grim milestone, the state has recorded its high
Lot of sunshine. Thats going help to heat us up so theres your billing could a fog just right along the coastline, a very thin layer of low clouds that has pushed on into the bay area this morning temperatures right now are in the 50s and 60s a cool morning for coastal spots, 60s right along the bay. Go ahead open the window, let that cool breeze and while weve got it because yes later on nothing cool about it highs back into the 90s inland with bayside areas in the low 80s. James, all right john thank you at 8 oh one lets begin with the very latest on the coronavirus pandemic. The u. S. Now by the way recording more than 3 million infections. And a 132,000 deaths and this map illustrates where the hardest hit areas are across the country. California as you can see along with all these other states in orange. Theyre showing a 10 to 50 increase in cases compared to last week and then you have the cases in red like you see there in montana theyve seen cases jumped by more than 50 from th