Some breaking news on pending home sales in june. Lets head straight to the market desk where julie hyman has been one and the data. Julie weaker than estimated. 2 . Crease of two on the one hand, we have very low Mortgage Rates and on the other hand, rising prices seems to be offsetting any gains from the historically low Mortgage Rates. Coming in below estimates for the month of june. In the meantime, we see all three major averages higher. In the meantime, we have been watching apartment landlords on the real estate front. Stocks been watching like Equity Residential which came out with earnings earlier. It seems as though the issue for many of these companies is manhattan in san francisco, they are seeing greater than equityated weakness, residential cutting its forecast for the third time this year, offering a lot of incentives to renters to try and get them to rent here. Are under pressure and i just want to pair that with the pending home sales number we just got. It is interest
Becoming the first woman ever to be the nominee of a Political Party in the United States. In another effort to tamp down the discord of the anticlose the anticlinton voters there, vermont made put her over the top by shifting the order of the states. This money can here is how sanders answered this morning, here is how sanders answered why despite interesting latency encourages voters to vote for him. Senator sanders if you are campaigning for six months, the , he would vote for Bernie Sanders. That is what i would do. Why would you not do that . You cast your vote, the other side gets more votes, you accept that, you go on, and hopefully you support the winter. Sanderslot of delegates told us last night that they are waiting until after the rollcall this evening to lay down arms because they speakersthe convention monday treating clinton like she is already the nominee. Andhe nomination happens clinton is nominated, does this represent a turning of the page for the unhappy centers de
Our roadmap begins with shares of mcdonalds after reported earnings that mixed expectations. Well dig into the report. United technologies is up on earnings. Ceo Gregory Hayes is going to join us live for an interview. And the Democratic National convention kicked off with a bang. Well go live to philadelphia for the latest. But first up, mcdonalds with earnings. Sales in line, but earnings miss on the bottom line. 1. 25 a share, global comps up 31r3 31. Stocks are down 2. 5 . A year ago they were down 2 and people are looking at all Day Breakfast and saying, is this all its brought. I think theyve got some promotions that are good. The stock rangers on pokemon g japan, so it was where it was before this. Its by no means the swan song for easter book. The guy has done a remarkable job up 30 points. Can they miss in a quarter period . Yeah. The rest of the world doing pretty good. I think easter brook has done a good job. I dont think all Day Breakfast has done its growth. You need some
Tonight, Hillary Clinton officially accepts her partys nomination, and just minutes from now, were going to speak with one of wall streets biggest backers of the clinton campai campaign, mark lazri. Thats katy perry doing a sound check. Shes wearing a black baseball cap that says hrc for Hillary Rodham clinton. Im assuming you can hear her roar. Right now, in fact. Welcome to the busiest earnings day of the quarter. The dow is down, but apple continuing its solid run. Your big dow laggard right now happens to be boeing, down about 2 . Lets get downtown, and our own bob pisani with a scorecard on earnings season as we officially reach the halfway mark. Bob, how are we doing . The numbers are slowly improving, but still negative. Lets look at the Second Quarter scorecard. The s p 500 as a whole, these are Companies Reporting as well as companies that havent yet reported, what we call the blended earnings rate, down 2. 8 . Thats not good. Its still negative, but its better than it was a f
Live from the kgotv Broadcast Center this is abc7 news. Good morning, at 5 00, i am reggie aqui. I am natasha zouves. It is tuesday, august 2nd. Mike nicco is here to give us our forecast. How are you mike . Doing well. Hopefully you are. Fog is developing around petaluma. I will keep an cry on this. Visibility is three miles. Look nor varying conditions traveling 101 from petaluma to santa rosa. Over the bay bridge it is quiet in the midtoupper 50s and as we head inland it is mid80s. Mid70s around the bay and upper 50s at the coast. Chose to average. Now, aelectric us looking good. This morning, we all clear on the bars, knocking blog and mostly green. Everything is looking okay in the san jose area. We do have red filling in coming from the Central Valley, so if you are taking a westbound 580 out of tracy, already starting to feel the push averaging just about 29 Miles Per Hour. We will look at our Traffic Cameras coming up to a few. More on the breaking news we are tracking out of S