Investment savings again as tensions continue to rise. Selling underway this morning. Dow futures down 50 points duh the nasdaq is up 4 and a quarter. S p 500 right now down 3. Growing concerns over coronavirus spikes and what it could mean for the recovery fueling a selloff yesterday. Nasdaq and s p 500 snapping 5day winning streak with declines in double digit. Facebook not getting a like. Walmart says retailer reportedly to offer freeday delivery and customers willing to pay a 100 a year. Defund police, this as crime is rising across america. We have you covered coming up at 7 30 a. M. I will speak with new york city mayor Rudy Giuliani, dont miss that. Secretary of Homeland Security chad wolf will join me. Secretary is live at 8 30. Mornings with maria is live right now. Global markets this morning are mixed. Take a look at european indices across the board. Dax lower by 86. Uk finance minister announced that the latest Recovery Plan lathe today later today is expected to open pubs
500 on pace for their biggest quarterly gains in nearly 20 years, and the nasdaqs about to have its best quarter since 2001. We will break down all the numbers for you. While this quarter was rosy, the future might not be so bright. If you ask Federal Reserve chairman Jerome Powell, the fed head warning of an extraordinarily uncertain economic picture due to the coronavirus. Treasury secretary Stephen Mnuchin just wrapped up testimony on capitol hill, long day for them. We will go to d. C. For all the fireworks that happened in that room. Meanwhile, we are just nine hours away from the deadline for Small Businesses to tap into what is left of the Paycheck Protection Program. It still has more than 100 billion available. The ceo of Valley National bank is here to tell us how he thought the program worked and what should be done with all that excess cash and should there be more stimulus. Then theres this. The Work Life Balance turned upside down during the coronavirus pandemic but as st
As he calls them unchecked monopolies big plans for the big apple. Finally out with a reopening plan and why the novelty of working from home may be wearing off on all of you it is friday, may 29th, youre watching Worldwide Exchange here on cnbc good morning, good afternoon, or good evening, welcome from wherever in the world you may be watching. Thung for joining us right here on Worldwide Exchange. It looks like it may be a weak end to your week dow futures down about 73 points stocks having a good week so far. But right now, market nerves seem elevated a a bit waiting on the president s speech about china. Well get more on that in a moment despite yesterdays drop, the dow, nasdaq, s p, all the major indexes are on trial court for their succeed strakt month of gains. The nasdaq leading the charge among the broader index up 5. 5 . Now less than that small caps the real winners this week up nearly 8 as investors begin slowly to look past the lockdowns, this may be the story that may mo
Spending and chicago pmi fed chair with alan blinder in a few moments. Steve liesman will give us a curtain razor on that. Hey, steve. Good morning, carl. Yeah, were wondering whether powell continues a cautious tone, much more cautious tone than the market seems to embrace and in a way his cautious tone seems to give the market a green light because it means more stimulus or the fed being around for a long time here among powells concerns hes expressed in the past that the employment and growth rebound could take longer than it anticipated, some businesses wont survive the downturn, a possible second wave of the virus and the stimulus will run out and think about more stimulus on the other side you can see the effects of the stimulus carl alluded to in the income and spending numbers this morning. Quite astonishing. Every one of the numbers youre about to see are historic, never been there before. 11 month to month rise in income well tell you why that happened in a second. 13 month t
A live look over the south bay checking out our temperature trend. Well be at 63 degrees at 8 00. And then as we head to 10 00, 11 00 its going to start to warm up reaching into mid70s today. Well talk about some warmer weather in our forecast coming up. Mike, how is it looking for the commute . Looking very mild this monday. Remember, we saw that traffic ramp up a few weeks ago with the curfews in place and we had a lot of graduations. As we look at the maps that brings a lot less traffic flow. Were looking at a smoother flow, not a lot ofhe bay bridge toll plaza, a quick look shows you no major tra there is a build and cars are slowing. Well track the build. Back to you. All right, thank you very much, mike. 6 01. We do have some breaking news. A u. S. Fighter jet has crashed in the north sea between england and norway. It happened about 10 00 a. M. Local time in an area used by the uk and u. S. Military jets. The pilot so far the only one known to be onboard has not been found. It i