With any recovery increasingly week. And the senate backs a bill to punish china for tightening its grip on hong kong. U. S. Banks may be hit if they continue to do business with beijing. Shery u. S. Futures flat at the open, after we saw u. S. Stocks jumping in late trade. Major indices all gaining at least one present in the regular session, after fluctuating through most of the session. We saw some moves to buy the dip. We have the pandemic in the u. S. Raging. The s p 500 rising the most in a week. Only banks were solidly in the green after regulators eased the volcker rule that will free up capital. We also had mixed data in the u. S. Jobless claims higher than forecast for a second straight week. Take a look at what oil is doing. We are seeing upside pressure, up 1 , around 1 , above 39 a barrel for wti. We saw whale under pressure earlier this week, but russia slashed exports of its crude to the lowest in at least 10 years. That gave crude prices a boost, haidi. Haidi as you men
There has to be a reason for stocks to keep going up, because there are no tail winds. Sure the economy is reopening all over the country we had great jobs report last friday but we still have 13 unemployment in this country as much as we want to reopen, the sectors that have turned redhot, thats why the dow dipped 300 today the tech heavy nasdaq advanced stocks can only go up so much based on the fact the world isnt ending lets take the two most exciting areas in this Market Airlines and cruise lines. Those juggernauts were marching towards their precovid highs neophyte internet goaded wagerers, betting that someone would come in and buy higher that worked for a while, but today it stopped when you invest on the greater pool theory, sooner or later you are out of fools there are times that the greater fool theory does indeed work i am not someone who will give you a hard time for making money the wrong way. The games in these groups are still very real. But if you are going to play th
Patience along with that mask. New Text Messages shedding light on the events leading up to the death of Ahmaud Arbery as lawyers for the men accused of murdering the unarmed jogger speak out. Attorney Benjamin Crump joining us live this morning. Severe storms striking the northeast and south. High winds damaging this building. Flash flooding leaving cars stranded and the tropical system strengthening in the atlantic. Our weather team tracking it all. And virtual graduation for the class of 2020. High high hopes the starstudded event and oprahs commencement speech. New way forward. The class of 2020, bravo. And the celebration isnt over yet. The preview of tonights graduation special featuring more big names airing tonight right here on abc. Tonight right here on abc. Hello, good morning, happy saturday. I am very happy to note that the whole team is back together, all three of us in the studio once again, although we are doing our as you can see here our part to social distance. Eva d
Next several days. Heres that breeze picking up in San Francisco where weve got the clouds stacked up, 57 degrees. It is 64, though, in oakland with some sun. Gilroy is at 61. Heres a look at the north bay, san rafael, where well see a mostly cloudy afternoon, 64 in napa. Its been milder overnight with the cloud cover and the Golden Gate Bridge showing that we are going to keep the clouds around throughout the bulk of the day with temperatures in the 70s with the numbers held down inland today. Well get into that chance of showers in the north bay by 4 00 and then the scattered showers by later in the evening. A look at the time line coming up. Liz . Thanks, lisa. Our next sizable set in reopening the bay area. Heres where we stand for the stage two modifications, the beginning of stage two. San francisco and san mateo counties will join marin county entering into phase two on monday. Alameda and contra costa counties will follow sometime next week. Napa, sonoma and solana are in phase
Thinks about the issue of negative rates. Then nancy pelosi, she is set to brief the houses Coronavirus Select Committee in less than an hour on the next stimulus proposal that multitrillion dollar proposal. The only doctor that will be on board, Tennessee Republican congressman mark green. He is going to be here. He will join us what he wants to hear when nancy pelosi starts that underway, 3 00 p. M. Eastern time in an hour. Washington is pressuring airlines to next their Customer Service policies. How a new proposal could help you get your money back because they have not wanted to give you your money back. You probably know. A lot more coming up on the next hour of making money. Cheryl stocks falling sharply. The nasdaq is now back into negative territory for the year. As you can see, we are now down 535. The dow at its lowest today, down 605. The nasdaq down 202. Techheavy nasdaq 2. 25 loss. S p down more than 2 . Federal reserve chairman Jerome Powell gave some dire warnings about