The big apple housing bust how hard is new york City Real Estate being hit and if it will get any better anytime soon . It is wednesday, may 6 you are watching Worldwide Exchange on cnbc. Good morning, good afternoon or good evening. Welcome. Im Brian Sullivan thank you for watching here on Worldwide Exchange on wednesday morning. Here is how your markets and your money are setting up. Futures about 145 points on the upside parts of this due to reopening the economy. Remember this, the dow was higher a week ago before we started talking about reopening. More likely the move is that hedge funds now have the highest net exposure to stocks big tech, once again, the names you know, the faang stocks outperforming again yesterday. Oil is part of the story as well it tells the story of more demand down the road oil up again this morning. Now up about 30 in a week demand for gasoline is slightly on the rise. Production cuts for chevron and exxon and others coming faster than expected in the Un
All the major f. A. N. G. Companies. They are set to release their numbers and guidance. Thank you for joining us im Brian Sullivan lets talk more about your market setup you have dow futures indicating a gain of about 100 plus points at the upside. 200, as a matter of fact, stock futures are well in the green despite the fact that oil has come down significantly. The price of oil down again right now. Remember, we are in that june contract it is off about 13 this morning, down to under 15 and change so, watch oil. There is a story in the oil patch to Pay Attention to as well that is Diamond Offshore Diamond Offshore, a major oildrilling contractor, obviously like the name immris, off the coast. An offshore company has, indeed, filed for chapter 11 bankruptcy protection the Company Simply not able to meet its obligations so Diamond Offshore has filed for bankruptcy protection. Keep an eye there on that story as well. Also you want to watch the stock of loews, ticker l, not the Home Imp
Well talk to one about what shes doing to protect her homes. A little good news and positive trends being seen at airports around the world. Friday may 8 you are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome from wherever you are watching im Brian Sullivan i think i speak for all of us as a say tgif stock futures are up 270 points right now. Perhaps the Market Knowledge of the day, for some reason, if you tuned out yesterday. We have some gains the nasdaq is now higher on the year hard to believe given all that is going on across the country it is true with yesterdays gains that the nasdaq is now positive the more condensed version is up 4 this year it is really the big five Technology Names you know. Apple, google, microsoft, facebook are up on average 10 despite concerns about Consumer Spending on advertisement. Google and microsoft are up. Improving is the work from home and stayathome stocks. Zoom, netflix, paypal have all soared since
More testing and three to discuss the need for more assistance to the states. Murphy telling the president at one point in this, quote, we have been crushed as a state. So neil, i will send it back to you. Because well get the tape. One other thing i was told i want to get in real quickly, i was told the white house as it relates to more relief down the line potentially for states, the white house essentially is on hold, a pause, they are surveying the landscape what potentially could comb next. White house Officials Say a decision on next step measures not expected this week. They still say a lot of these programs still havent fleshed out all the funds. Murphy going to the white house to talk about the need for state funding. Nancy pelosi put the figure at 500 billion. Im told it will be several more days until the white house officially plots out its next step. Neil . Neil all right. Blake, thank you my friend. We do know governor murphy is already looking at reopening state parks th
And keeping the beat. For our series a more perfect union, we visit new orleans where sweet music is helping ease the pain. Always good in new orleans. First, todays eye opener, your world in 90 seconds. One day they said we have to close our country. Nows time to open it up, and you know what, the people of our country are warriors. President trump has tweeted that the Coronavirus Task force will continue on indefinitely. Will some people be affected yesterday . , but we have to get our country. We have to get it open soon. Reporter i did ask the president at one point whether if they wanulak a first in new york city, with intense cleaning. There is a direct response to how filthy the trains have become. Who heard of disinfecting a subway car . You may be at home, but guac is still extra. All that i find that everybodys trying a 10 to 12 harder to just be nice. Dont you find that . Not really, no. But im watching no . Cnn all day. All that matters good to see you out of the basement.