In protests as the City Council Votes to defund and cut more than 100 officers from the force. We have the latest, plus uprisings in portland and chicago. Markets meantime pointing gains at the open, 279point gain on dow futures. Gains across the board this after mixed performance yesterday. Look at the blue chips go. The nasdaq finishing in the red after a week showing in the tech sector money peeling out of the stocks but the dow gaining more than 1 . 357 points. Protecting your data, flaws and snap dragonship putting 1 billion android phones at risk from a hack attack. Looks to connect all of your Smart Devices to one another. Vaccine risk. Vladimir putin says his country has a vaccine but here at home the epidemic can affect the effectiveness. Checking the world and stock market action, european markets are up across the board. We have gains north of 2 in england, france and germany. In the uk another 81,000 people lost their jobs last month. That number was slightly better than wh
The cloud numbers disappointed, if you can believe it they disappointed with 47 yearoveryear growth. Growth is slowing so investors want it perfect. Twitter is popping sharply higher. Up 8. 5 . There ad revenue number slid but what impressed investors is daily user growth, record for the second time in a row, up 34 in the june quarter after growing 24 in the march quarter , telling you that folks in the pandemic want news and entertainment. David fascinating. You mentioned earnings in the tech sector. Lets expand it broader. We are well into the earnings season. You think the markets are encouraged, discouraged, or is it coming and where they thought . Abigail it is neutral. Netflix was a decent surprise. Itself almost a nonevent in some ways. They did put up a gap profit which allows them to be eligible for the s p 500. From a broader standpoint, you were mentioning those jobless claims. Since march, jobless claims have been coming down until this week. During that time period of the
Response is needed to come the followup from the virus. Jp morgan, citigroup, wells fargo kicked off reporting season for u. S. Banks. Investors are braced for heavy provisions. Trading revenue could be the bright spot. 6 00 a. M. Inne london. 9 00 a. M. Here in dubai. The defining sentiment of u. S. Markets and the world will be defined by this family, jvm, bank of america, goldman sachs. Do you want to take a look at the spread between gs and the rest of the banks . It is going to be confusing, sloppy, and shocking. Is provisions. Bank of america warns wells fargo the dividend could be toast. Ficc that saves the day . This is the defining narrative on the consumer, confidence, and the outlook for the u. S. Pandemic wont disappear in coming months as the total pace is 13 million, california closes its doors to Indoor Dining and bars, shutting its two Largest School districts as hospitalizations hit a record. Our guest is with us. Nd unsynchronized moment how does that redefine the nar
Andrew is out, so i have to find a way to annoy you what you asked for. Your birthday is tomorrow, right . Tomorrow, not today tomorrow. Its friday. Everybody deserves to be embarrassed. Well do it anyway this is the last day youll be 19 23. Exactly. Anyway, lets check out the futures this morning as joe mentioned, youll see the dow down slightly by about 26 points s p down by four s p off by eight getting ready to wrap up another week the dow up by 2. 5 over the last four days. S p is higher. On track for a Third Straight positive week. A little different story for the nasdaq tech has been on an incredible run. Many of those names have pulled back not by a lot nasdaq down by 1. 4 this week. If you are watching it, the index is up nearly 17 for the year thats about 58 above the march 23 low and above the march intradate high we hit on monday. We are continuing to watch that. The 10year is the one we watch so closely it looks like the 10year is sitting at the 0. 604 . The bottom level o
Welcome to surveillance. Off to a firmly risk off footing and then remain so. Additional wobble coming through after news china is slapping sanctions on Lockheed Martin. Barely Holding Onto Gains here. Up by one whisker but the losses are heavy into deep in europe and asia. Looking at key earnings including the banks but also delta reporting numbers in a few hours. Eurodollar up, this is the story of Dollar Strength. You have treasuries play big after the open on monday. When california reintroduced some restrictions to stem the virus. 1. 2 . En brent crude down looking ahead to that Monitoring Committee meeting and the expectation is theres going to be some additional action. Lets get to the bloomberg first word news and get you the round up there round up there. China has called the u. S. A troublemaker which is undermining regional stability after the Trump Administration rejected beijings claims to large parts of the south china sea. The u. S. S china previous policy of not taking