Rose. Microsoft saw a better First Quarter revenue, helped by demand for Cloud Services as more people work remotely. Sales through september topping 37 billion. Melbourne, the merge from a melbourne emerges from a strict lockdown. Ours and restaurants are reopening, even home visits are allowed. Shery lets get you started with a check of the markets. U. S. Futures opening lower, down. 4 . This after stocks fell to a three week low in the regular session. We had cyclical stocks taking the brunt as virus cases continued to climb globally. We have the nasdaq composite pulling back of yesterdays losses on the deal around amd. Durable goods orders coming in better than expected. Lets see how things are shaping up for the asian markets. Here is Sophie Kamaruddin in hong kong. Sophie we are seeing losses continue here in asia. Chip stocks very much a focus after amds deal to buy. Earnings. We have results from sony, zte, as well as budweiser asia to name a few. And a straley or, we have had
They are suspending trading in hong kong. We dont know the reason for that but we will bring you the reasons when we get it. Backdrop, the hang seng up by half of 1 . The authority spending a lot of money to defend the dollar peg. That is something on peoples. Inds as people make a rush 0. 5 toi composite, about the downside. Of what istrends going on as far as Market Action in this part of the world. Lets look at some of the first word news. President trump seems to have abandoned any hope of a virus package before the election next hek, telling supporters that sees a deal coming after the votes. Package covid19 continues to soar in the u. S. In newlizations jumped , ando, 50 in wyoming elsewhere in connecticut. France is planning a nationwide lockdown bid one in four airports in europe are collapsed as the virus europe face collapse as the virus stifles travel. Kar inion people in kash were said toince have undergone checks over the weekend. Authorities found five confirmed asymptoma
Country has weaponized its Cyber Capabilities as maliciously and it responsibly as russia. The Us Justice Department charges 6 members of Russian Military intelligence over alleged white scale cyber times thousands in bangkok to fire a ban on protests for a 6 day forcing a change of tone from the Prime Minister. And more than 50 u. S. Lawmakers demand the release of political activists and journalists facing dangerous conditions in egypts prisons. So the number of people around the world who have contracted coronavirus is now exceeded 40000000 a quarter of those are still active cases iran has reported its highest ever daily death toll at least 337 people have died of covert 900. Past 24 hours and that brings the total number of fatalities up to more than 30000. 00 and more than 10000000. 00 cases have been reported across latin America Brazil argentina colombia theyre among the top 10 worst hit countries in the world and other nations across europe including poland and italy are impos
Now. Is the work from home trend here to stay or just a temporary blip its random but interesting. Well bring you the results coming up on this monday, september 28th, this is Worldwide Exchange right here on cnbc. Thank you for joining us on this monday. Lets get right now to your monday money and stock futures are higher dow futures up about 229 nasdaq futures on a percentage basis are up slightly more but do keep in mind we could see a lot of people not working today and volatility does tend to increase particularly in the morning. And the big loser lastweek was not stocks it was the medals. Gold and silver losing a lot on inflation concerns silver down a bunch last week as well not seeing a big move today maybe a slight move to higher in some of the medals gold down about. 7 of 1 now lets set you up for the week with what were going to call the wex watch list. Thats our internal name for Worldwide Exchange get it w. E. X. This is the most important thing for you this week. Now all
Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents