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Transcripts for CNN CNN Newsroom Live 20200707 08:52:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
companies were hit the hardest. good morning. we could see another selloff today. futures pointing firmly in the red, dow futures down by about 300 points. but here is how we closed yesterday. the dow lost 831 points, its worst day since february 8, losses of 3.1%. the nasdaq lost 315 points, down by 4.1%, its biggest one day decline since june 2016. the s&p 500 lost as well, the steepest lost since february 8. some of the biggest losers, tech stocks hurting, hammered hard with the selloff. amazon lost 6.2%, apple, google, facebook, netflix losing 8% yesterday. anwhile this seems like a major selloff, it doesn t register in the top 80 market losses. it looks bad but don t worry yet. jillianjust yet.
let s get a check on cnn money stream. investors are beginning the week nervous following the donald trump executive action on travel. dow futures down. stocks in europe in the red and some asian stocks were closed overnight for holiday. shares in tokyo finished lower. oil prices slipping as well. starbucks ceo responding to the travel ban to commit to jobs for refugees. the company will hire 15,000 refugees over five years. that includes countries it operates in. the proposal begins with a focus on people who served with u.s. troops and support personnel. schultz says we are living in an unprecedented time and wants to reinforce belief in our partners around the world. the ceo of air bnb is offering free housing for people stranded as a result of the
global trade deals. that is part of his dna. whether that will be walked back remains to be seen, george. certainly, there was hope in the japanese camp. a sigh of relief reported in tokyo today because mr. abe was talking about the fact that his relationship with donald trump was one which could be built on trust. that trust was essential to keeping the alliance. an important alliance with japan and the u.s. that is the key for japan. making sure the u.s. remains its key ally. and hopefully according to japan, george, this is the first step in the process. the optics looking positive. andrew stevens from hong kong. let s get a check on money stream. dow futures down. the s&p is set to open lower. s&p is a tiny fraction away from the all-time high. same with nasdaq. dollar pushing down stocks in