Because as we kick off the final hour of trade on this mongsd the markets which had been done earlier are starting to go into the plus side here. Dow still down 25 points, s p, though, now up 8 and weve got the nasdaq punching higher by 3 points. So what may be causing this weve got to tack you straight to actually the top of the dow heat map to zero in on intel right there at the very top here. The Semiconductor Company is the leader here gaining 5 and a half on little to no news news simply is the extension of the a. I. Driven rally which looks like a gigantic pulling magnet from thats a record. To taiwan semi, that hitting a record. To and micron and broad dlption and klac, arm is not Holding Record here but other two are but this is a very big movement here on very little news speaking of records after clocking its 15th record gain of the year so far. Any gain for the s p will add another record high right . But at the moment we are up just a fraction or 8 points, earlier it touche
Good morning, everyone. Its wednesday, august 2nd. A historic morning in u. S. Former President Trump is due in Court Tomorrow after a federal grand jury indicted him on four counts. This morning, city and federal Law Enforcement agencies are gearing up for that appearance. Also new this morning, a sense of trumps defense. His attorney tells cnn his clint is protected fully by the First Amendment. He was acting on the advice of counsel. We just heard from rudy ju giuliani. New details about the judge who will preside over this case. The judge has been randomly assigned. Hes overseen january 6ths defendants. The form e President Trumps 2024 rivals are weighing in on the charges. Their reactions ranging from condemning trump to condemning the Justice Department. Georgia, Fulton County sheriff said trump wont receive special treatment. Quote, it doesnt matter your status, well have mug shots ready for you, all of that this hour of cnn this morning starts right now. Third indictment. Fourt
Of the u. S. creditworthiness by Fitch Ratings agency, the markets are mixed. But all four major indices are well off the lows of the session. Dow is up 3 points. S p down 1 point. Nasdaq up 22. Youre looking right now at former President Donald Trump who is just disembarking in washington d. C. He will then get in his vehicle and head to his arraignment. Trump will appear in federal court to answer charges he con conspired and plotted to overturn his 2020 election loss. As you see, he is getting into an suv. Hes got security. We have cameras all over the Nations Capital to follow this. Ing fox business Grady Trimble is standing by at the courthouse where trump is set to appear in person at 4 p. M. Eastern. He may be asked to enter a plea, and a judge will set release conditions. Hes fully expected to plead not guilty, by the the i way. Were going to keep you posted minute by minute as events develop. And in the meantime, he is in that car at the moment. He will take to the road. Lets
Leading the s p this morning after their results. The cfo joins us this hour for an exclusive big news of the morning, fitch downgrading u. S. Longterm credit to aa plus to aaa it is the second downgrade ever by a major agency after s p back in 2011. Joining us first this morning on cnbc, the interview with the man behind that call, Fitch Ratings richard frances. Great to have you with us. Thanks for the time. Thank you i would love to know, sort of, your some color on the timing and the thinking behind the call now as some have pointed out, some of your quantitative models have been on the mend the last six months or so yeah, i mean, honestly, this is a steady deterioration that weve seen in some of the key metrics for the United States for a number of years. In 2007, general Government Debt was less than 60 . And now its up to 13 theres been a clear deterioration. Furthermore, were expecting physical deficits to rise over the next three years and we expect debts to continue to rise o
Along the hayes valley octavia quarter this year for outdoor fires. This letter went documenting three fires in the same area. These are photos of yet another fire on generally 17th at the same construction site which just burned down. There was a fire that some and started to keep warm under the scaffolding of that very construction site. She says that the supervisor dean preston got the letter and elevated it to different city departments. We have not heard anything since. Its just completely acceptable. The mayor responded to Community Concerns by posting on social media that first we cannot jump to conclusions about the cause of the fire. The mayor then posted second, we are working to address these and but we are under a federal injunction that limits our ability to move tense even when people refuse shelter. She also posted that some people have issues like power splicing causing dangerous conditions. City workers came and will work to prevent these dangerous conditions. When the