With the reality of inperson classes amid the pandemic. A surprise cfo shakeup is sending one stock at the center of the coronavirus sinking and tesla and when it comes to electric vehicles. Evs. You are watching Worldwide Exchange here on cnbc good morning. Im dominic chu in for Brian Sullivan today stock market indicating modest moves. You have moves with the dow implied higher higher by 26 and by just about five points. This is after the s p 500 after multiple tries and record high since february from that march 23 bottom to yesterday marks the end of the shortest bear market in u. S. History at 148 days. A 35 drop for the s p and 55 rise to those record levels we are right now. The s p not alone. Continuing to outperform coming off its 34th record close of the year just yesterday. In bonds, the 10year currently sits moving a little bit around 6. 5 or 4. 1 as the fed prepares to meet the minutes from the policy position later today. Let us go worldwide. Geoff cutmore with us with th
There. Big stocks in apple and tesla giving back gains. Ibm gained more than 3 yesterday. Also cocacola up more than 4 being looing at u. S. Equity few you are its. Something to Pay Attention to. Dow futures down around 40 points looking at first of september, and all of july and august with spectacular gains. Looking at the treasury yields looks like right now 0. 654 . Those movements with he saw yesterday were interesting in terms of the rotation. As a general matter, those had to pull back they will have to have these pull backs the fact that the market can do okay on a given day is a positive doesnt change the fact that weve traveled at a steep angel here there is a jumpiness a late summer week heavy volumes. You are seeing all sorts crop up there is a Different Energy to the market 20 what has passed in 2017, 2013 not sure the implications but there is Something Different it is 6 01 in the morning here yesterday was called a gama squeeze. We dont want to get too mechanical in the
The s p and nasdaq hitting record highs were waiting minutes from the last Federal Reserve meeting which could be coming any second now. Apple hitting 2 trillion in total market value thats a double in just two years. Its phasing major risks to the bottom line. We will explain what those are as apple goes up unlike other big bock retailers, the stock is surging as you see right there. Power lunch begins right now welcome. Im kelly evans, as we await the minutes from the fed, its the financials lading the way. Take a look at these top performers, airlines, cruise ships powering high, modest gains, but also inindividually is trading near its alltime highs. Its doubled this year and is reporting earnings after the bell today well have more on nvidias monster run. Ty fed minutes just released Rick Santelli is looking at the headlines. Hey, rick. Indeed, one of the big issues was the way the Federal Reserve was going to tweak the way it looks at inflation, various policysetting tools they h
The break in the cold case murder of a music legend, after 18 years the arrest just announ announced. Early today starts right now good Tuesday Morning im phillip mena. Im frances rivera. The Democratic National convention has begun with much of the first night focused on Racial Justice in america. Now more than ever we need a president who will unite this country. We need a president who in George Floyds memory, instead of using the bible as a prop, will heed its words, to act justly george should be alive today. It is up to us to carry on the fight for justice. He was always finding ourselves in what john louis called good trouble. Together we must build a nation that is more equitable, more compassionate, and more inclusive. I know that joe biden will begin that fight. The major theme for the evening seemed to be unity our capitol hill correspondent tracie potts joins us withmore of the nights big moments for a democratic event, we heard from a whole lot of republicans. Reporter yes
Oakland is going to reach up to 87 degrees. We will talk more about this coming up. Mike, how is that looking for the commute . Well, pretty good, kari, but i have to call out the east bay, because looking at the map, there is a green view of the sen source, but over here in freemont, northbound and 680 at the bend of washington and irving, showing the northbound slowing there with a crash perhaps caused by debris, and a larger boulder is reported in the roadways heading past washington and you can see the Speed Sensors changing. Meanwhile in the same area as usual, we have the westbound commute from 580 and highway 84. In the same area, marcus, i hand it back to you. All right. Staying on the breaking news for you, and this is the fires ripping through parts of the bay area, and in some cases coming dangerously close to homes, and prompting evacuation, and all of this is happening in the extreme degree temperatures, and talking about 100 degrees or higher in some place, and taking you