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
Cruise ship are in their 60s 70s and 80s and we want to make sure as we know that is a more Vulnerable Group that we face special attention to anybody who has any comorbidities or other conditions we are working hard with the people on the ship and the medical team there. To make sure their health and welfare is prioritized. Just to reiterate the plan is to bring that ship into San Francisco bay this weekend. Docket at a noncommercial port and test everyone on board. U. S. Currency is facing the same fate as trappers returning home from china and other coronavirus hotspots. We have confirmed with the Federal Reserve the physical dollar bills are going to be quarantined before they are allowed back into circulation to the u. S. For banks that help to manage our money supply will set aside shipments of dollars from asia. Up to 10 days before processing and redistributing them. The coronavirus leaving store shelves bear when it comes to products like Hand Sanitizer is infected wipes and m
Who isnt . Who needs a miracle . Thats what it comes down to in the age of the coronavirus including today where the dow rebounded 1,167 points the s p surged 4. 9 . And the nasdaq pulled up 4. 95 based on the hope that federal government stimulus could offset the sudden slowdown were getting in the economy and beat the demand shock caused by the coronavirus. So how do you pick among the rubble now that were bouncing too you think the stimulus may be too little, too late . Which is the judgment i have heard all day. Some people are skeptical. First for all intents and purposes, the market is not working. Thats all you can say well, how about that these violent swings, what are they a sign of they are a sign of sickness. Its unhealthy they tell us people are scared and theyre far too few players, too many investors, too many guys with machine guns for stocks to be able to handle the impact of that fear. It doesnt help the tail wagging the dog. The market just cant handle all this algori
So far. Most days of november we have been looking for rainfall. Finally november 26 we are talking about significant rainfall not only here in the bay area but approaching the north coast of california. That is an intense storm and it will produce major wind up there. Heres ring coverage in green and snow coverage. It is a cold day out there so snow levels continue to collapse across portions of northern california. So far today some light to moderate rainfall. Greens and yellows do correspond to somewhere moderate cells. Here we are in the central portion of the bay. Close to San Francisco and oakland looks like we have more rainfall to talk about for this portion of the bay area. Not as muin the way of rainfall just yet but that will be changing. Current numbers, it is chilly out there. Lots of 40s and that will be the case not only for today but wednesday and thursday. Our live camera looking out to sfo. Lots of clouds and rain showers in the area. Possibly impacting air travel as
Lunch begins right now. Welcome to power lunch t shares of boeing are the biggest on the dow that stock down more than 12 in two days well have much more on this story later on thank you. We begin with president s frcomm president. Eamon is at the white house with more. Reporter the president was putting an optimistic spin on where things were going with china. He wants democrats to pass it. He calls them the do nothing democrats but if they pass this one, he will give them all the political credit if they do that the president continuing to lobby there. On china what the president said is they are suffering. Their supply chains are going down the tubes Robert Lighthouser spoke in this Cabinet Meeting to say that ultimately he feels they are going to get toured a phase one deal but not until the president and xi jingping meet later this year he says theres still some issues to be worked out. The president continuing to suggest things are going well and he sees the phase two issues as b