San francisco and san joke holding on to some upper 60s more on your forecast ahead robin alright, checking back in on the bay bridge toll plaza we have another wave of heavy traffic into San Francisco. This is what i was talking about like 20 minutes ago it was standing out and looking good which makes you think oh the commute so bourbon. Not so fast. We have traffic in ways and this is that second wave of heavy traffic coming in so still crawling backed up the on west grand and the drive time is back up to 60 minutes which is not terrible but its slow. Both intimate and 5. 80 are busy but id avoid the amendments because were at 40 minutes to downtown oakland youll save a little bit of time by taking 5. 80 instead its only a 35 minutes and then 2. 80 averaging 23 minutes from san jose to Cupertino James darya thank you very much rob and 9 oh one and the top story, the coronavirus it is spreading around the bay and around the country. Yeah and this morning we have Team Coverage of the
Whether jay powell will cut Interest Rates further. And big earnings on deck, disney and wynn after the bell joining us courtney. Tell us how youve navigated the last 24 hours. You know, its been really, really interesting when you look at where the vix has been in august, were hitting 25 i think in july we ended around 12 that volatility is incredibly interesting. For someone like me thats looking to buy positions on the dip that i think are quality positions to buy and hold, it was a really good time in my opinion to do that interestingly enough on our desk at Loop Capital Markets we saw a tremendous amount of low, probably in the overnight markets, probably the most active weve seen all year. Buying or selling interestingly enough, buying. Some very balanced program bus we also saw a number of our fundamental clients buying in developed markets and a little bit of selling or less buying, well say, in some of the emerging markets so were starting to see some of that flight to quality
Comments on the call, disney ceo bob igor stressing that the lower than expected results on the quarter are results of the big changes he implemented at the company, both foxs acquisition and disneys pivot to embrace the direct to consumer business theyre investing in right now igor Just Announced consumers will be able to subscribe to a bundle of their services for 12. 99, they will get hulu, espn and disney plus, worth noting it is the same cost as netflix. Take a listen to his comment here. Our results reflect our efforts to integrate the assets, businesses and talent we acquired in order to enhance and advance our Strategic Transformation implementation of the integration plan is well under way. A complex process given the magnitude of the endeavor, and we remain confident in our ability to successfully execute our strategy reporter cfo Christine Mccarthy saying that the acquisition of 21st century fox and taking control of hulu will have a dilutive impact on the fiscal First Quart
Not allowing it to fall further. As a result, investors spped in. The dow rose 311 points to 26,029. The nasdaq climbed 107 and the s p 500ed a 37. Wall street has been on edge over the trade war. It is ctoar inv are ready to react to any headline. Bob pisani explains what a trade war looks like to s walleet. Stocks rebounded and also in the session managed to regain a chunk of mondays ste losses, and it was the worst day in 2019, remember, on monday. The markets were a little calmer today, but yesterdes the fut moved in a nearly 5 trading range over a 12hour period. That is extraordinary and a reminder that the trade wars ould get much nastier very quickly. The central left is that the trade war can encompass a lot more than just tariffs. They can quickly morph into currency wars, for example, which is why the markets had a big problem yesterday. Th h markets new lows after the close on monday after the u. S. Treesurynated china a currency manipulator, which opens the door for additio
Administration and disney revealing the true villain of its marble universe as earnings disappoint and the stock sags on this wednesday, august 7th. Worldwide exchange begins right now. Afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan thanks for joining us on Worldwide Exchange. It is only wednesday, but it already feels like a full week, doesnt it down big on monday half of it gained back basically yesterday. Heres how things look now futures are not giving you help. Look at that, dow futures are up a scant 7 points one of the quietest mornings weve had in a few days. In bonds, the tenyear yield continues to be on the move. Bond yields keep coming down look at that yield 1. 68 . Below 1. 7. That seems very low for us, but consider that nearly 15 trillion worth of Government Debt around the world, countries like japan, germany, france, denmark, they have negative Interest Rates maybe the global race rate to the bottom, three Central