33 . Jobless claims rise for a second week with 17 million filing for benefits. International condemnation of hong kongs decision to bar a dozen prodemocracy candidates from Upcoming Elections as chinas new security law breaking news out of south korea. We are getting june Industrial Production numbers and they are a strong beat for the month on month numbers for june, a growth of 7. 2 . The estimate was for growth of around 2 . It is also coming after the previous number was revised downward, so its a bigger beat than expected. The year on year number still in contraction but only up. 5 percent. The expectation was for a plunge of 5 . The previous number was revised downward. We have seen a little bit more optimism. Manufacturers confidence in south korea rising. We have seen export declines starting to ease. Chinese demand rising, not to mention demand in the chip industry as well so the month on month number really a pop up 7. 2 growth, haidi. Today would be an interesting litmus te
150,000 mark as texas, california and florida see record fatalities. Infections spike in china, hong kong and japan as well. Hill. Tech titans on the the ceos of amazon and alphabet and Facebook Face a virtual grilling over antitrust. Haidi lets get you started with a check of the markets. U. S. Futures opening flat, slightly higher that by. 1 . This after we saw u. S. Stocks extending gains in the regular session, the dollar declining estate as dovish as possible. The s p 500 gained more than 1 , adding to the july rally. 11 sectors were higher with tech leading the way. As i mentioned earlier, we are seeing that big tech antitrust showdown in congress ongoing at the moment. Nasdaq composite and at 1. 4 high. At a oneweek. The dollar weakness really resumed with the fed sticking with low rates. Look at what oil is doing. It has been the weak dollars supporting oil prices. We continue to see these gains of 41 a barrel. It was also propped up in the new york session by the biggest decli
Protection program was set to expire the senate votes to extend it. Today in the bays alex barr and what congress is going to do now. Reporter laura, this was a bit of a surprise that this extension was agreed to last night since theres not often a lot of bipartisan agreement in washington these days. This is one of these issues important enough. Lets be clear whats being extended is the deadline to apply. So now that deadline will be extended until august 8th. So that allows any Small Businesses with fewer than 500 employees that have not yet asked for this aid to jump in and request it. Whats kind of interesting is theres still 130 billion left in the pot to be distributed to Small Businesses. Thats a little surprising because early on this money was just flying out of the coffers and congress had to pass another installment to reinstate the money there. Theres question why theres so much left on the table. Some Small Business owners say they need help and need more help than what th
Growth is slowing down due to the outbreak across the sunbelt. We have been at one point up 6 . Were now up 0. 7 . At one point we got to the highest level since the pandemic began. Ahead on todays show, stocks seeing a big rally to start the week Jeff Rosenberg of black rock says the bond stock model does not work in this environment he will join us to discuss where hes putting his money to work right now. Plus, entertaining in the age of coronavirus. Well speak with pitbull about how artists are navigating a World Without live events, and his efforts to help latino businesses lets focus in on the big stories with 59 minutes left of trade. Bob pisani tracking the action phil lebeau is watching the surging stock prices of electric vehicle makers joining us with his thoughts on the race for a vaccine and the biotech name is michael ye from jeffires start us off with the market with the dow up 400. We have had a remarkable run in the last three weeks or so, sara, with mega caps, semicond
And we thank you for making us part of your morning. Good morning to you. Thanks so much for joining us. Im laura garcia. And im Marcus Washington. Mike is keeping an eye on that commute. He will tell us what we need to know before we head out the door, and right now we want to start with meteorologist kari hall who has a look at that forecast for us, what we can expect. Kari, with that sun rise behind you, im seeing sunny skies and warmer temperatures. Yes, its going to be warm as we head to the weekend. Were looking at a little bit of a break for some of us. This is a view from the cupertino hills. Most of our temperatures are in the mid50s but we go from there to the low 80s today. I think pretty much throughout the whole afternoon you can enjoy some time outside with a good amount of comfort as we look at our temperatures with livermore reaching 86 and some mid60s in San Francisco. Well talk about those hotter weekend temperatures. Mike, whats happening out there for the commute .