Burning documents, not shredding them burning them, China Threatens to retaliate and feels and looks like a new cold war. We have a significant turn in the fight against a virus, President Trump says its going to get worse before it gets better. A clear sign that the economic effects will drag on past the election. However, the trump team signed a contract with pfizer with 100 million vaccine doses. America gets the vaccine first, they pay pfizer 1. 1 billion and the cost to you, 0. Two stocks, got to watch them all day long, microsoft and tesla, the Financial Results reported around 4 00 oclock eastern this afternoon, in advance of that those stocks are on the upside. By the way, as of right now tesla is the most valuable car company in the world worth more than gm, ford, and honda combined. And microsoft at 1. 5 trillion is the second most valuable company right behind apple. We have big news on real estate two, applications for mortgages to buy a home of 19 over last year. Refi appl
U. S. Road map begins with stocks poised to rally at the open, boosted by rising global trade optimism, those earnings we mentioned from coke and utx, ceo of coke will join us today. Fiscal crisis averted the white house and congress striking a budget and debt ceiling deal. And lobbying for huawei restrictions release the ceos of qualcomm, google and intel and other tech giants make their case directly to the president. Futures are higher this morning on the heels of a number of better than expected earnings. Three dow components also cross beginning with coke. Shares higher after the Company Beats the street, raises organic revenue guidance and utx beats on the top and bottom lines. Mixed bag for travelers. Earnings fell short but ref new be beat coke seeing organic revenue five versus the prior four. Doing such a great job. Doing it with coke zero sugar which happens for quite good tasting. Doing it with water. Hes doing it with those small formats. Whimsical. Hes doing it with bette
Hillary vaughn. Reporter source familiar with Republican Leadership in congress, says it is bestofthree really bad options they had. It is what they wanted to do, put the budget drama on the backburner for the next two years. Here is the deal House Speaker nancy pelosi worked out with the white house. Raise spending caps by 320 billion, including 22 billion for defense and 27 billion for Discretionary Spending. All that comes at a cost. The committee for a responsible federal budget blast its price tag, estimating the two Year Agreement could add 1. 7 trillion to the national debt. White house Economic Advisor this morning admitting the republicans didnt get to rein in spending as much as they would have liked. We never get spending restraint we like to get but i must say in the difficult atmosphere today, one of the key things that Steve Mnuchin, treasury secretary Steve Mnuchin, we got a two year extension on the debt limit. There is no threat to the credit standing. By the way in te
It is monday julynd fbn am starts right now. Good morning im Cheryl Casone. Im deirdre in for lauren simonetti. Great to have you here deirdre. Monday moving on this monday we have green arrows across the board pickup continues with dow up by 66 and s p up by eight and quarter and the nasdaq up by 30 and a quarter. Taking a look at the bond market with tenure treasury yield you can see 2. 04 , of course, a lot of that a lot of traders focused on had head meeting july 30th and 31st. Absolutely. Also, of course, weve got this british tanker that has been ceasedded near iran by iran, were wapping oil and again, it is up. 5 6, 79 a gain right now of a dollar 16. And overnight in asia, take a look youll see nikkei shanghai hang seng and all lower across the board. Finally over to europe taking a look at markets there as you can see green arrows across the board. And to our top story there will be no shortage of Economic Data this week so were going get a fresh look at the state of the Housi
Now at 11 00, the sun is setting on the coolest day of the week. You will feel the triple digit sweltering heat this weekend. Plus, a San Jose Police officer was arrested on the job on narcotics and weapons charges. The bay area housing prices have dropped to the lowest levels since the recession. What this means for buyers and sellers . Good evening, i am veronica de la cruz. We are looking live over dublin. Parts of the trivalley could see our meteorologist is watching the heat advisory. It is as hot as it was on wednesday. We have two days with a warm night between. Where triple digits along the 680 corridor including concord at 103. Fairfield is at 104, and spots hitting not 100 degrees will be above average including napa and 92. Oakland is at 80 degrees and San Francisco is at 75 degrees. The inland valleys will see triple digit heat tomorrow. They are under a heat advisory. We have a warm night at 65 degrees or warmer, not tonight, but tomorrow. Equality is taking a turn for the