Talk about a uturn, we had a swing from high to low, 875 points on the Dow Jones Industrial average and it closed at about 160. The nasdaq at one point down 582 and at the close the nasdaq is off of about 140 points. It is down maybe 702 days which is pretty intense and you can finally see the s p 500 down not even 8 or 28 points. Why the selloff, why the rally back, as for the cello question the wall street journal was reporting a jump in trading volumes and options that are linked to Technology Companies and as for the uturn major rent from the record that we had on wednesday and that mightve been overdone with that technology. Delete they come back mainly apple, it was down over 8 at the lot but in did hire a bit and it averted a threeday losing streak, other tech names, the work from home stuff, they did continue to get humbled suggesting that investors are betting on the economy reopening a little bit. Look at that down about 5 tod today, with the economy reopening you have airlin
Delta, some of the Higher Elevations and i would expect a cooler pattern these next couple days look like theyre in store for you. A little bit below average. 60s, 70s and mainly low 80s all right, well, alley was busy yesterday and shes busy again today. We are pretty busy i have to say, youre saying that the forecast is for me because its been cooler and its good news. We can show you in a second some of that fog and the windy conditions in the Traffic Cameras we start with the maps of that problem were following since before 4 00 this morning. All lanes of southbound 680 are now open after the crash that happened earlier this morning caused them to come in and bring some sweeper trucks to clear the debris. You can see it extends up to the 580 interchange all lanes open. It has taken a while to catch up. A report of a crash eastbound 80, this is at central. That is not slowing things down too badly we continue to keep an eye on it. The drive on the east shore freeway, once you get do
Company holiday to the calendar. And he are everyone tz artz o raise serious cash thats all here on Worldwide Exchange on cnbc. Good morning, good afternoon, good evening. Welcome to wherever in the world you may be watching. Here is how the money, your markets are setting up their day. Stock futures indicating the dow is likely to rise at the open. It is early. We are in the green. We are 116 pointsto the future side as well snapping the threeday streak. It did during the second day o temperature. With that pull back, blue chips need about 1,862 to complete that selloff look at the wild swing after a relatively calm one. Watching the credit and bond markets as well. 10year at 0. 73 look at oil. New data that shows Venezuela Oil output has collapsed to 570,000 barrels per day. That is down from more than three plus Million Barrels a day. That is a 76year low in oil output for the most oil rich country in the world a true collapse of venezuela there. Wti crude is up to 38. 32 around the
Still not many people. We will be tracking this story throughout our three hours. Nearly half a Million People will be returning to work in the city. And they are returning to work, by the way, to a city whose mayor is pushing to defund the Police Department in the wake of the george floyd protests. A lot of pushback on this, as you can imagine. We will get into it. Including from the president. He tweeted this just moments ago. Law and order, not defund and abolish the police. The radical left democrats have gone crazy. And Hillary Clinton, by the way, well, shes had another deplorables moment when speaking about trump reporters and we will have that for you as well. Im Ashley Webster. The big story for dyou today on monday, the markets pointing upwards. Varney Company Begins right now. This will go down in history as the biggest positive data shock for the markets and the economy. Its some combination of an incredibly resilient economy thats bouncing back, the impact of government me
What is interesting are the responses. Normally this data is not very exciting. In the united states, it is dictated by what they are getting at the gasoline pump. Shifted to focus on groceries and products such as hand sanitizer. Inflation expectations were dramatic in april. They are at 3. 1 in terms of the survey and 3. 2 percent last time around. The last year, that number was significantly lower. Alix 2. 6 . Lsare we going to get inflation growth in five years time . Yesterday was a brutal day. We were left scratching our heads and wondering if what we of the fairllying market. Bear market. Treasury markets, you are seeing a little shift there as well as we go more into risk. The dollar is softer. Is it over . That is the question. We will break that down over the next couple of hours. To give usr is going a real read on the u. S. Economy, moving forward. Now for your markets, we will have a technical look at how you should position after yesterdays big sell. A chief technician jo