Had several friends at lost family members to coronavirus, you dont think its real until it hits home. Its real. This mariachi band is still performing but only half people feel comfortable going out. There are two Cinco De Mayo parties at the Senior Centers but they require social distancing. We dont want to create more problems than there are already. We will stay back and perform that way. Luckily, music carries. San jose police chief said expect to see officers out tonight but know that their number one priority is public safety, not enforcing the health order. We are reporting in the south bay. Thanks marie. The governor said there is promising news on the corona virus outbreak. He said the number of new cases is Holding Steady despite an increase in testing. 1270 five new cases identified in the last 24 hours. In the past three days nearly 100,000 people tested statewide. 63,000 people yesterday thats up from 39 the day before. The governor held a briefing in a Small Business in
Where they had white a busy day. Gerri willis on the floor of the new york stock exchange. Same there. Phil flynn watching action in gold in chicago on the floor. Gerri, on the floor, take us through the crazy day. Reporter we started down, continued on. You can see by this chart, worst day for stocks since august 23rd. All subpoena 500 stocks traded lower. A decade low for manufacturing. Im not hearing from traders a huge amount of surprise about this. In fact it was surprising in the opposite direction we kept hitting new highs. They were more surprised by the fact that we hit nearly 900 points yesterday and today for the dow. Looking for earnings next couple weeks. That could be negative. Could be a replay of last years third quarter. Well see eps down about 2 yearoveryear. Major averages today, dow down 1. 85 . The s p down similarly, 1. 78. Nasdaq even more so. Look al that. Meanwhile talk about oil, this is an important thing. You see on the screen right there down seven consecut
For their worst day in 2011 as net profit fizzles out in the First Six Months the brewer can turn it around in the second half. The impact cost has been much higher than last year in the first half of course we took some pricing in a number of geographies, but that will roll over in the second half. And beijing reacts to the social unrest in hong kong as chinas Affairs Office backs chief executive kerry lam and says the one country two Systems Practice will not change right, big news in the uk this morning the London Stock Exchange has confirmed its in talks to buy refinitiv in a deal worth 27 billion. It comes less than a year after a private equity bought a majority stake in the firm from Thompson Reuters at the time, it was valued at 20 billion. The lse will pay for the transaction by issuing new shares with refinitiv shares getting 37 of the combined group. And more in deal space today. Takeaway. Com and just eat struck an agreement in principle to merge. The all share deal is wort
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
We need you back, so be well. Thank you, charles. We begin with breaking news. Some of the worlds top bank stocks are losing chunks of their market cap as we kick off the final hour of trade, and that is dragging down the broader market. Dow jones industrials and, by the way, everything is off the lows of the session, but still the dow is down about 184 points. We had been down about 465. We are looking at whats going on here regarding the selloff. Its erasing much of the ground the bulls had gained during this hour yesterday. If you look at the Dow Jones Industrials 2day chart, the blue chips at the moment are kind of coming back but still certainly not what happened yesterday, blasting skyward by 407 points monday afternoon. Yeah, not there yet to find that number back. The s p right now down 24 points. That loss at the moment basically yesterdays 40point gain, cant get it all back. The nasdaqs 85point sizzler just 24 hours ago has pretty much been doused, down 128 points for the nas