And Congress Takes new action around hong kong and protests there. Summer sold out a search in demand for outdoor enjoyment is leaving you in a search it is thursday, july 2, 2020 here on cnbc good morning welcome from wherever in the world you may be atching thank you for joining us here on Worldwide Exchange. Lets get to how your markets are setting up the day it could be. We say that. Remember the markets are closed tomorrow ahead of the 4th of july holiday you get a 3rd of july holiday. There could be a lot of action packed earlier in the day before volume tapers off. Look at stock futures now up 187 points the nasdaq hitting new highs on wednesday. Eight stocks hitting multiyear or alltime highs including names you know microsoft, netflix, ebay, paypal, Video Game Companies and others lets look at the oil market there. That duelling battle between inventories and the ward of words. Inventories continue to draw down but saudi arabia has warned some opec members to start cutting the
Good morning and thanks for oining us, lets get first to the breaking news this morning that fatal crash 4 people were killed and only the driver survived in a crash on highway 85 in san jose that driver arrested for dui covers will tran is at the scene of the crash and we could still see some vehicles in activity there whats going on. The vehicle is still here is an suv we do know that this scene will not be cleared earlier than 9 oclock this morning we heard in the overnight hours that possibly it would be cleared at 8 but now theyre saying its a bigger scene and they thought because the sun is up they can clearly see what theyre tackling at this time it is a massive scene which is why southbound 85 just south of cala road will not be open at least for another couple of hours as theyre still investigating the latest Development James and darya you can see theres a tow truck driver on the right side of your screen so they are cleaning it up taking measurements and then they will remov
From beijing to new york, jersey and south carolina. We have the top stories. We begin in asia, where the spread of the coronavirus is feeling concerns it is widening the pandemic. The cdc issuing a stark warning for the u. S. It is not so much a question of if this will happen anymore, but rather a russian of exactly when this will happen but rather a question of exactly when this will happen . Me is selena. Walk me through the latest. In china, the rate of infections continue to stabilize. Fewer cases than the day before. The rest of china reported five new cases, and all of the additional fatalities were in smaller areas as well. City is not requiring people arriving from japan or south korea to go through a 14 day quarantine. The momentum is shifting outside of china. You have seen south korea becoming a new hotspot with infections raging up. Testinginitially positive for coronavirus, which would be the first infection in latin america. Italy has had more than 300 cases and 11 deat
Nejra che risch nejra cehic in london. Futures turning negative. We are positive in the Asian Session but that could have been a technical bounce with the s p futures dropping below the 30 day rsi. Looks like we could see another day of losses. , down threeyield basis points. Two year yield a three year low. Lasthit that record low friday. Pricedh gloom is being and the Global Pandemic. The yen has been strengthening for days. Losses below 50 a barrel. Bob iger is stepping aside in a surprise shakeup. The as executive chairman through 2021. He takes over the immediately. Chapin we have someone we know very well. The thing ive really taken away from bob igers legacy is get the content right and Everything Else follows. Senator Bernie Sanders felt the burden of his frontrunner status of the latest democratic debate. All six rivals delivering attacks. Their aim, stalling his momentum. Another focus of attacks, Michael Bloomberg. This after spending more than 500 million on advertising. Mr
They will make a goal in iraq for all u. S. Troops to leave the country. Kathleen president troop President Trump warning of u. S. Strikes if u. S. Troops are hit. The Market Reaction around the world, starting with australia which is open. What are you seeing . ,ophie the s p fell the most sydney futures are the very slightly up. The dollar is under pressure. The aussie dollar being weighed against falling against the yen which remains on the front foot, trading at the strongest double since october, 107. 78. Japanese stocks are set for losses. Tokyo markets back after a long break with pmi do from japan. Resumee treasury to trade in tokyo online. Caution as we return, looking at aussie bonds, the yield curve flattening with the 10year falling five basis points in australia and risk aversion took its toll on middle eastern markets. Lets look at that damage report. All major benchmarks tumbling. Aramco settled at the lowest closing parts price since listing. Oil prices, seeing brent an