Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases r
Meantime i want to go to blake burman on this back and forth so far how the cases are going because this is happening we have had backtoback days of 30,000 cases reported in this country. Something we have not seen since the beginning of may. To you, sir. Reporter neil, yes, the number of cases growing across the country. Over here at the white house though they continue to be adamant in their view, according to public experts they talked to and listened to here there is not a second wave right now. The white house view at the current moment. Though we are continuing to see the Economic Impact of covid19 and what it is having all over the country in just about every pocket you look, the latest example in northwest arkansas because china has come out today and said it is not going to be buying poultry from tyson foods facilities in northwest arkansas. When you look at the numbers, neil, there is a reason why because according to that company there have been roughly 3700 employees been t
Getting out of bed . Get up this movie gave us a look into the future of artificial intelligence. But what are the limits . A hollywood actress demanding answers this morning. I cant afford to live in San Francisco anymore so this kind of felt like the only option that was relatively close to home. Sick and tired of paying the rent prices . Youre not the only one. And now some are making the move across the bay. To be able to give them the cake and they were like oh, im so excited, a Big Birthday Party and im so excited. My grandma ate this when she was growing up. A sweet stop hard to miss in San Franciscos japantown. A Family Tradition still very much alive at this bakery. Id be climbing the trees and messing around and planting every ball i could possibly find and then everybody like everybody around me was like kind of acts like a bear. It may be one of the best nicknames around. A bay area baseball player following in his brothers footsteps on the diamond. We wish you a very good
Joining us. Welcome to mornings on two im dave clark. Good morning im pam cook. It is friday. They are take a moment. May 17th and that the fog definitely was very thick along the coast. And the bay. Steve, what about today . Did you encounter any drizzle . I did this morning. Yes, this morning. No i did. So theres a little mr. Clark. No no. Okay. All right. 50s on the temps. Theres some out there. So if your commute includes 80, i think youll encounter a little bit. Another robust, large and in charge fog bank and temps about in line with what we thought yesterday. At least me 60, 70. I dont see much change, although it does look a little warmer tomorrow. Mr. Sal castaneda is here at 4 00 in the morning. 4 00 in the morning. Oh my goodness, its early. Steve, what a what are we doing here . Thats a good question. Do you have the answer for the traffic . I do not got to pay those bills, steve. You know what i mean, lets go out and take a look at the commute. You know, if you get up earl
S p down 1. 1 , and the russell down 1. 05 . Why . One main reason is china. China devaluing its currency. The dollar strengthening significantly. Oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at 43. 2, down almost 4 . Brent down almost 3 , gold up just a little bit as you see there about a half percent. Mandy is out but sarah eisen who knows a lot about currencies and china is with us today. Thank goodness youre here. I live for days like this, watching the dow and the impact of china spread across the globe. Bob pisani, anything with any china or Commodity Exposure is getting pummeled. Dow up 240 yesterday, down 240 now. Its a wasted week so far. Put them up, Materials Energy and industrials to the downside. Thats the big losers. Some of the obvious names and their impact from china. We always talk about casinos, wynn 70 of revenues in china, and yum brands 50 of its revenue in china down 5 . Those are the easy ones