Next opportunity focusing on the return to a vaccine. Weighing in on how close we really are we are watching Worldwide Exchange on cnbc. Good morning, good afternoon, good evening im Brian Sullivan the question is this for the markets. How will today go after yesterdays market slide futures are mixed to slightly higher on a futures basis, they are down well call them flat today yesterday, the dow down 710 points all of this on new concerns about growing outbreaks around america and the possible slowing down of reopening plans. Anything travel related yesterday was crushed. Airlines, cruises, hotels. All this as new york, new jersey and connecticut imposed a quarantine requirement on travelers coming in from seven different states that are seeing spikes in cases. Basically, you are not welcome but if you do come, you have to stay at home 14 days you can see the airlines also keep an eye on oil. Many stocks taking big hits once again. Oil between a rock and a hard place. Youve got concer
Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
A bny mellon forecast really concerned investors because deposits, both interestbearing and noninterestbearing, will be lower. So the next earnings quarter is in doubt. Not so for Morgan Stanley. That stock is getting rewarded. Here in europe come of the equity markets dont look as exciting in the United States as we are tracking now towards 30,000. Hints that may be more stimulus is on the way. The South African rand taking a hit today. The reserve Bank Delivering a surprise 25 basis point cut. , this isd bombardier kind of a joint story. Bombardier being pummeled today, mainly around the airbus aircraft, basically a narrowbody shorthaul aircraft. Bombardier may walk away from that project. Muchs not really reacting to this today. The expedition was that airbus was ready for this, but it seems like the market wasnt. Basically, the rampup of this aircraft costing more. Is worried that this may affect the turnaround planned, and thus may walk away from it. That stock down 35 . Vonnie le
Is tech in trouble, have the stocks gotten too expensive . Do we need to worry about what happens with the group if President Trump cant find Common Ground with president xi and with the market at lofty levels, the s p back slid and the nasdaq gained 2. 4 its something that Money Managers will talking about it was cleverly titled changes and the big takeaway was it was time to lighten up on my Favorite Group which is technology their thesis theyre worried about it shifting to the tech war, American Companies only buying from nonchinese suppliers and you have the strong dollar to worry about with tech rallying you have a crowd of weak headed investors who head for the hills at the first sign of trouble. We heard some discouraging things in technology look, just last week, cisco it gave a downbeat forecast for the reasons that bank of america and merrill cited. Even though it represents a good balance sheet, some okay growth, investors are soured on it especially some of the big guys bec
Then a report on the search for what sparked the fire that sent a nearly 100 year old gym up in flames overnight at a pleasanton high school. Theunews at noon starts now. This is ktvu fox two news at noon. Good afternoon and thank you for joining us. Im andre senior and im claudine wong, new at noon. A San Francisco police have arrested a woman for crash that killed three people, including a young child. It all happened saturday afternoon while the victims were waiting at a bust stop near the west portal. Muni criminal charges, the driver is now facing. Portal neighborhood of San Francisco left behind flowers, candles and stuffed animals at the site of this horrific crash. You cantuhelp but notice the stroller and three pairs of shoes at the site meant to died saturday afternoon towardse west portal muni station crossed over into the westbound lanes before striking the side of the library and skidding directly into a bus shelter waiting. I was just right around the corner when it happe