Near as fun to be stepping outside and today though i mean look at this beautiful morning berkeley. Probably my favorite ive seen the shot is just gorgeous out there with plenty of sunshine. Trading in the gray of yesterday for the sunshine this morning and not hazy sunshine either weve got blue skies in green on our air quality map indicating that hey were going to be breathing in some fresh air yet again today, 50s and 60s for your current temperatures that is a little cooler as youre venturing outside to go ahead, get the jacket ready to go as you step outside for work this wednesday morning later on today, no need to worry about the jacket were back in the 70s and 80s talking the much hotter conditions this weekend still to come over to you robin, thank you john im noticing that the morning commute is already improving. I think the worst of the traffic was actually in the 6 oclock hour because. Im checking out the san mateo bridge and its already thinning out so asvery nice improve
And german exports mark the biggest increase since 1990. Shares slump after a warning he wont hesitate to add more countries to britains quarantine list. Uber sees revenues fall almost 30 sending shares lower after hours. A warm welcome to street signs. Weve got some macro data. Frances trade balance fell to 7. 96 billion in june down from mays figure comfortably beating expectations in germany, exports are posted their biggest gain rising 14. 9 in june. Strong demand from china spurred a near 9 jump in industrial output chinese exports rose 2 easily beating forecasts. Imports contracted missing estimates of a rise. Officials are reportedly said next week to reach the talks asian markets have traded lower. Main land Chinese Markets taking a hit down 1. 4 amid escalations with washington moving to ban tiktok owner bytedance and we chat owner tencent European Markets have been open about an hour stocks are up 15 basis points. This follows a drop of 0. 7 . Yesterday, the u. S. Session als
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
Big quarter for apple, set to report tonight after the bell. Investors closely watching the companys Current Quarter sales and forwardlooking revenue forecast joining us this morning, brian white as well as krish sangar. Stocks had a great run here. How much is priced in . Theres a lot of optimism going into this report i think really whats happening is the market is saying, look, we believe the services story. Iphone 11 has been good out of the gate theres a lot of things we need to think b aabout. All three iphones came out in september, versus september and october. We have some tariffs that have kicked in that could drag forward. All in all it should be a decent report, but i think the Services Report is more important big week for apple tv plus, big premiere here in new york. How much of that story is understood, especially when we start now paying more attention to disclosure and accounting on that part of the business . I would say a lot of it because there are a lot of unknowns
International relations policy specialist. So so raw as President Trump is getting hit taste of his own medicine of maximum pressure and while hes under the threat of impeachment right now is this going to soften up his stance going into thursdays negotiations to be more consolatory or is this likely to make him more antagonistic i hope it will make him more conciliatory because he needs to be conciliatory if there is going to be an agreement the chinese have kind of the the framework for an agreement if mr trump is really interested in that they have talked of the trade balance can certainly be dealt with issues of Market Access can be dealt with issues of Investor Protection can be dealt with but issues related to National Security and issues related to state owned enterprises lets do that a little. Theres enough on the table to have a good agreement at a time when manufacturing and Services Numbers are among the worst manufacturing numbers worst in a decade so says numbers of worst