Unit into a separate Public Company. More on that in just a bit ibm up and all the markets up with 59 minutes left in the session. All the big stories of the day coming up. Morgan stanleys Ceo James Gorman on the back of his companys 7 billion deal today to buy Investment Firm eaton vance. Carnival giving a Business Update as the crews and travel industries continues to deal with uncertainties amid the pandemic ceo Arnold Darnell will be our guest next hour. The ceo of Amc Entertainment will join us to discuss the rollback of more blockbuster movie releases why he is staying open when some of his competitors are deciding to close lets look at the stories we are watching in the final hour of trade. Joining us to talk about regenerons push for emergency authorization for its covid19 treatment is alettia young bob, start us off on the market. There may be no stimulus, but the market is actsing like there is going to be one they have levitated themselves into believing something is going t
Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of cases and the hospitalizations admissions doubling every 8 days theyre now looking at 6,000 cases a day and again theres been some talk of a potential second lock down there now they want to make sure that schools can stay open and that some businesses could stay open but just the threat of that, the potential for the second wave coming is enough to push all of the stocks in europe into the red. If you take a look at whats been happening with travel and leisure stocks they were down by 6 earlier
Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mortality compared with the standard care. Lets get to mike santoli tracking the moves in the names and sectors today. Yeah. Sturdy Performance Today solid week you would have tho
They key grand were here at historic murphy avenue where a lot of businesses here at the shutter its doors because of the pandemic know well the new order begins tomorrow. We spoke to one business owner, who got permission from the city of sunnyvale to get a head start with reopening. Customers stop by lees favorite books and Downtown Sunnyvale to pick up orders thursday afternoon. Lee odom is the owner shes been relying on delivery the past 2 months to keep or store float. Odom says she spoke to sonny bill city officials who gave her the green light to offer Curbside Pickup early weve really had change our system and completely change the way we do business changes like shifting online for doing everything from updating our website helping customers by email sometimes video you know facebook pose curating selections for customers Santa Clara County was ground 0 of copa 19 but county Public Health Officials Say theres been significant progress in controlling the spread of the virus on
In there. Later that night, Police Say San jose, and up some people in the group blocked intersections and threw oakland, berkeley hills, there is the 70s itsand black diamond, sexting hundred bottles at police, and rocks at feet, that is above clayton, cars parked in the neighborhood. Near mt. Diablo. Another group of people were arrested for breaking windows and looting businesses in very warm air, but cooler for downtown san jose. This Morning Police in everyone else, that will sweeten oakland are reporting there were no arrests after two demonstrations in the city, and send a weekend timeframe. Last night. Today, way above them in the ktvus allie rasmus reports on the call from protesters for city near 100 degrees. Police reforms. Good morning. Over to sal now. Good morning, frank. Thats right. How are things picking up . No arrests, no reports of where would you like to start . Arrests or use of tear gas as thanks for picking up at my residents marched through house, steve, i hear