From berkeley. Well its a mix of both youve got sunshine over u c berkeley but in the distance, you also see that blanket of fog thats sitting over the east bay, less and less of an expected as we work our way towards late morning here. It has been an unusual morning as fog goes it started a little clear started to clear up and then that fog are really settled into the bay and really has impacted your bridges over the course of the past couple of hours. Temperatures right now are mostly in the 40s and 50s starting to rise berkeley youre at 50 degrees. The lay how santa rosa seen some of our spots that are still hanging on to those 30s so still pretty chilly for parts of the north bay. Im talking where had this afternoon what else to expect this week to as far as robin is concerned its definitely still all about the fog of the bay still a little gray out there maybe not our foggy esta bridges right but they are you write pretty foggy and its carla right car love the fog i got it now too
Financial Services Department has been granted a trust license to offer trading and custody a big point. With tell you how that may affect Institutional Investment in the grip of her got a packed show today so lets dive right in. And we begin with. Falling off a 22 month high as christine mentioned on wednesday with a bump in u. S. China tensions and fears of a possible recession are boosting a bid for bonds and pushing toward safe haven assets like gold theres a thing wall street futures were down point 3 percent to 4. 4 percent which is all from the record highs that the stock market has been seen in the last few days and weeks so what set off this tumbling of wall street futures well a couple of things one the u. S. Senate has angered china by passing a bill requiring annual certification of hong kongs autonomy and warning beijing against suppressing protesters. This senate has just sent. Resoundingly message to the Chinese Communist Party President xi that the United States stands
All starts about 8 30 a. M. Eastern time it is the busiest day of earnings season bringing you reports of 3m, hershey and more like comcast september durable goods orders and the latest read on home sales. Tesla shares soaring. Earning 1. 86 per share versus a loss of 1. 82 per share they have reported producing 300,000 vehicles the company saying it is ahead of schedule with its new giga factory in shanghai and on the long awaited model y cross over and expects that launch by next summer what ceo elon musk said on the Conference Call for demand of electric vehicles. When flat screens came out, it was a big step in demand because now getting a flat screen was much better than having a small crt screen tv weem see the same thing instead of just buying a car because their last car wore out, theyll buy and electric car because it is fundamentally a better car. Big numbers for investors to a large degree on prediction of when this motdle y will come and when this factory will be on board.
Law. Our investigation weed killer is ahead. Power lunch starts right now all three of the major markets are up the dow up triple digits the this hour. New high there at 27,240 and change all three of the major averages on track now to post their second straight week of gains and their fifth positive week in the last six kelly. Thanks. Lets forget the fed and trade wars for now investors are focusing on just one thing and earnings citi kicks off on monday morning. Jpmorgan, wells fargo, ibm, bank of america, netflix, america express are among the names that will report next week and it looks like this earnings season will be a cloudy one bob . Yes, kelly. Jay powell kicked us into new record highs in all three indices. Now its up to earnings. This is going to be a tricky earnings season. Not really about Second Quarter earnings its about the guidance in the second half. Weve got the central banlgs behind us and there will be a trade deal and that will help lift earnings. Heres the prob
Jap japans exports fell 6. 7 in june, much more than expected. They were looking for a 5. 4 drop tex tend the bigger surprise drop was a 5. 2 drop in importeds versus the 0. 2 decline economists were expected the nikkei was down by 2 . Hang seng off by a half percent. The shanghai down by 1 . In europe, red arrows there as well spain off by 1 . Lesser losses for the other averages check out the treasury market. You will see that the treasury market this morning is showing the tenyear with a yield of 2. 054 United Health just reporting moments ago. Posting Second Quarter profit of 3. 60 per share. That Beat Estimates of 15 cents. Revenue came in ahead of wall street forecasts the Company Raised its fullyear forecast well talk about this more with ana gupte. Netflix shares are falling sharply this morning the Company Reported a drop of 130,000 u. S. Subscribers in the past quarter on the Conference Call Reed Hastings attributed the lower growth in part to its Program Lineup during the qu