Policy speech. The city faces rising infection rates and a clamp from beijing. Joe biden names his Foreign Policy and Security Team as he with to calm Relations International friends and foes. He says america is back ready to lead. Haidi lets look at the set up at the start of trading. We are seeing some green shoots at the open, about. 4 higher. Global stocks as well as asian stocks continuing to be on a tear. We are watching keenly for developments in kiwi assets, given we had the rbc releasing its semiannual stability report. This is pushing the kiwi dollar higher. U. S. Ashed through . 70 yesterday and we are seeing expectations of negative rates dissipate even further. Unlovedtors rotate into areas, it may not mean the end of things that have been successful so far. John praveen is Portfolio Manager for qma. He joins us on the phone from new york. We are talking about what happens to big tech given the rotation trade gaining a more solid footing. Is it the behavioral changes, chan
Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
Only going to be dropping off in the mid 60s, the mid 70s to your body then get a chance to recover and then you turn up the heat again the following day and thats what were going to see play out tomorrow going to begin to see the temperatures warming up San Francisco 77 degrees tomorrow, 76 in the mission is start to see some 60s and 70s begin to pop up along the coastline inside the bay return in the 70s 80s in millbrae will be warm there and as you go further south those temperatures headed up in the 90s a redwood city possibly in the palo hot day into the south bay 90s maybe even triple digits in morgan hill and then we start to see those numbers pop up as high as a 105 in livermore tomorrow, one or 2 of snow one 04 in pleasanton a 103 in dublin 88 degrees in hayward a 100 degrees in rago won all 4 and walnut creek a 105 in concord at 87 degrees in hercules 98 in pittsburgh, a 105 in antioch if the idea these temperatures really just beginning to heat up and in fact those numbers r
Livermore double in concord fairfield some of our warmer spots now in the low to mid 60s. Later today, its going to be hot yet again for the same areas even harder for some cities. Back into the low to midnineties for daytime highs, coastal areas in the 60s while on the bay side in the 70s later today. Daria. Thanks a to one and lets give you the latest on coronavirus which is a growing problem now in california, you know as so we reported the governor just gave a warning about a spike in covid cases the state saw its highest singleday now of total coronavirus cases since the pandemic began yeah more than 5,000 cases just yesterday alone. So lets get you updated on the latest numbers you can see statewide were looking at more than a 191,000 confirmed cases of covid19 with more than 5600 deaths in the bay area alone were looking at more than 20,000 cases and the death count now up at 538. Alameda county is reporting the most cases in the bay area in the past 24 hours 250 cases testing p
Moderate rain. Here is a look at the Sales Force Tower camera as we look east and tracking some showers pushing across parts of the east bay. I will show you high def doppler coming up. We have a lot of brake it is because of this lights out of the alatoona instability that is slowing pass. Delays are from tracy towards pushing out of here. We will see a few more isolated other areas. Remember, we want to bring showers and it is a possibility but also some clearing and a little bit of sunshine. I will show you the future cast take you hour by hour coming up in a few minutes. Lets take a live look in you the good news happening in capitol hill. You see where treasury secretary Steve Mnuchin and Jerome Powell are going to face a scented grilling . They will give their first report about the Economic Stimulus Program implemented by the 2. 2 trillion cares act and the hearing is coming on the heels of report from a new Congressional Oversight Commission that it found the Treasury Departmen