The start of trading this morning after long Holiday Weekend, Dow Jones Industrial average better 500 points and s p 500 is also higher by 56 and nasdaq up 174. This after the dow, nasdaq and the s p 500 closed tout week of gains of better than 3 on the week as you see across the board. Another milestone today, the floor of the New York Stock Exchange will reopen but not quite business as usual. A look at the new restrictions coming up this morning. And turning to the 2020 race, former Vice President joe biden looks to take on President Trump on the economy, mornings with maria is live right now. Maria the easing of lockdowns and optimism of Vaccine Developments leads to gain this morning. Ftse 100 up 87, cac quarante in paris is up 63 and dax index in germany higher by 79. Spain announcing it is opening to foreign visitor this is july and germany ready to lift travel restrictions for other European Countries. In ash asia overnight markets looked like this. Planning another round of st
Always love having dan on, we will get to him in a moment, plus adam shapiro at a store that is selling pot legally today. Top of the hour, the stock taking a breather after a record year. At the New York Stock Exchange with more. Lauren at one point the stocks are down in the triple digits, believe it or not that is not unusual. In four of the past five years, so seeing a little bit of that today. Down as well. Take a look at apple at the huge part of the nasdaq and the s p down today. A lot of pieces on news of apple. The alice downgrading the stock to market perform from outperform concerned about the growth margins going forward. Apple a loser in a down market today. Back to you. Dagen the first legal recreational pot shops are open for business in colorado due to long lines of customers and Strong Demand in the new year. Adam shapiro from denver, colorado, with more. Adam this is the largest in denver. I am in one of their burrows. 20,000 square feet in which they grow marijuana l
Step up the pace of the taper. Charlie, what do you think . What is scary about this market, just from a market standpoint, it trades off on offhand comments. If janet yellen said this, would i take it more serious. Melissa you just think he is out talking on his own . Dont they coordinate these things. Yeah. But you dont have to listen to it. Im reading Tim Geithners book how much people ignored, how the fed chairman often ignores some more rightwing elements, the less dovish people own the Federal Reserve board. So you know, its possible, i mean this guy could be talking out of tune, no representing what janet yellen and what president obama want. I would say another thing the markets are scary. Look at david tepper last week. Clears his throat, says something, the market goes down 200 points, jack what do you think. The reaction is a little nonsensical if were Getting Better than expected growth Going Forward. That is what stock investors should be looking for. Shows you how much ar
Level, we are watching the vix very closely. Budget deal stocks as well as economic news. A mix to retail sales a little better and joblessness continues to show a weak economy and weak job numbers. Lets look at lulu lemon which was a darling for a long time under pressure, a 11 , going to have a new ceo but todays news is about the fact that their expectations for sales and trends will be lower. Traffic, hard to get products to the stores and quality issues we reported on as well. Dennis the friendly skies may be less friendly. Regulators getting set to vote on whether americans can have their say on the issue of being able to make cellphone calls during a flight. Rich edson live from Reagan National airport with more. Can you hear me now . Rich i can and thank goodness we are not on a cellphone. If we are 25,000 feet from now and we are on our cellphones we can have that conversation at least if the fcc continues to move forward, the fcc will vote to continue considering whether or n
Looking at rain right along the coast, but inland now were starting to see more and more snow. And as that snow fills in, thats when were going to start to see those amounts creeping up. Over a foot of snow in parts of the Shenandoah Valley. That is likely to start accumulating in washington, d. C. Heres what the system looks like making its way up the coast, starting this afternoon on into tonight and tomorrow. As that low pulls up, it draws in moisture from the atlantaic. Its also going to be bringing in beach erosion and coastal flooding because of the strong easterly effects of those winds. But the snow right now will be the big story. These are the accumulations we expect over the next 12 hours. Heaviest accumulation being here in West Virginia, virginia, and suburban washington, d. C. Then as we move into tomorrow, that snow accumulation starts to make its way to the north. As it does, were going to be looking at heavier and heavier snowfall. In fact, moving further up into the n