Seasons bubble as the league finds success making the season happen and insider buying two names that have c suite executives going on buying sprees they have been on the money so far. This is Worldwide Exchange here on cnbc welcome. Good morning, good afternoon, good evening from wherever in the world you are watching to end your week on a friday morning. Now how the markets are setting up your day. Futures are well in the red. Down 192 points the dow did fall yesterday 80 points, the as well. That was after the record high earlier in the day if the s p 500 closes at a record, it would be the fastest recovery from a 30 drop in its history. We are not there yet but we are getting close. All three major indices are positive for the week at this point with the dow leading charge at 1. 5 futures are down but it could look like another positive week. The longest from back in 1992. There is a lot to get to today lets talk about global trade. Karen tso is in the london news room with more we
33 . Jobless claims rise for a second week with 17 million filing for benefits. International condemnation of hong kongs decision to bar a dozen prodemocracy candidates from Upcoming Elections as chinas new security law breaking news out of south korea. We are getting june Industrial Production numbers and they are a strong beat for the month on month numbers for june, a growth of 7. 2 . The estimate was for growth of around 2 . It is also coming after the previous number was revised downward, so its a bigger beat than expected. The year on year number still in contraction but only up. 5 percent. The expectation was for a plunge of 5 . The previous number was revised downward. We have seen a little bit more optimism. Manufacturers confidence in south korea rising. We have seen export declines starting to ease. Chinese demand rising, not to mention demand in the chip industry as well so the month on month number really a pop up 7. 2 growth, haidi. Today would be an interesting litmus te
The outbreak is far from over. Of june 15et a date for select employees to start returning to the office. Tesla also hitting new highs. , from wedbushcuss securities. What is driving this . Is this the right mark . Think fundamentally it continues to be china. If you look at some of the numbers coming out, make going into june and the second half of the year, we could see 100,000 deliveries. Side, given the profitability of the pentup demand, i could see tesla going higher, especially going into battery day later this month. Emily their reports about tesla workers testing positive for the coronavirus and fremont. That is of a risk is knowing that elon musk pushed for the plant to reopen . After the fremont standoff, especially around workers and health issues, that will be something people have to navigate. You are starting to see pentup demand. Especially in parts of asia. The big key here is what we are starting to see globally. Especially going into some of these new product launche
On a trip to fremont. All right, friday morning, alive and well and it is time to turn it up a notch as we give you a live picture of downtown San Francisco. Fog is sticking around, we have a little spot that they like to call fremont, it is our final zip trip of the summer. We are a long capitol avenue, a focus of bringing families together, fremont is definitely near Silicon Valley. Welcome to the 9, live from fremont. If there is one word i would focus on, it would probably be community, it is what i love to see. Fremont is considered one of the bigger cities in the bay area, but it definitely has its own identity and it is a place i sent community. People say whether they are from here, fremont feels like home, i will mention home quickly because fremont and did at a top of the list nationwide of cities best to buy a home and if you have a family. Think about that, fremont ranked number one, if you have a family. From recreation to shopping, to the community feel you talked about,
The president has completed meetings already with russias vladimir putin, the japanese Prime Minister, and indias modi but it is the oneonone with chinas xi jinping that has the potential to be the most marketmoving event. So it will be very critical for wall street, the u. S. Economy and the rest of the world. Bank of America Merrill lynch analyst says if a deal is struck, the s p could sail over the 3100 mark but if President Trump doesnt like the tone of talks and perhaps slaps new tariffs on more chinese goods and materials, the broader index could drop 5 . That would equal roughly 150 points from where we are right now. And there is latebreaking news from osaka. A trade deal could be on the verge of being struck, but its not between the u. S. And china. We will take you there for the up to the minute developments. China, a big topic during last nights democratic president ial debate. Hear what some of the 2020 candidates have to say about the way President Trump is dealing with th