After President Trump hinted at even more trouble with china two steps forward, one step back when it comes to talks of the next round of virus stimulus House Speaker pelosi told us it is thursday, july 23. This is Worldwide Exchange here on cnbc good morning. Welcome to wherever in the world you may be watching. Im Brian Sullivan another day, more records . Could be futures are higher up about 80 points nasdaq futures are up just about 1 all this after the dow closed above 27,000 capping off a threeweek win streak as it stands right now very early or Late Wednesday morning, the dow and s p 500 are on track for fourweek win streaks. If we get that, that would be the longest weekly win streak for the dow since november 2019 and for the s p 500 since december 2019. Now an even better one for you some good data there you might think it is all about the big five faang names maybe not. Take a look at the number of consumer stocks trading at alltime highs best buy, chipolte oreilly auto part
The big Silicon Valley Tech Companies had a hugely successful 2020, prompting more questions about their overwhelming dominance in financial and business terms. From san francisco, James Clayton reports. There have been winners and losers from this pandemic, and some of the biggest winners are also some of the Richest Companies in the world, based around san francisco. Take here at apple, last week, the Company Posted record Quarterly Sales of more than £80 billion. At that rate, during this 2. 5 minute news report, apple will have done 1. 5 million worth of sales. Big tech has had an astonishingly profitable pandemic. We all turned to technology more during the pandemic. Its as simple as that. We were doing more things online than ever before, from gaming to shopping, to seeing our doctor, you know, theyre not charities. Laughter you know, they are making money out of, you know, what theyre enabling. But some believe that making so much money at a time of Economic Hardship shows that
The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is
States. President trump says masks are good but will not accept that they should be law trade newesters detained under security rules. Citizenship. Offer u. S. Futures are opening flat. Duringa mixed session the regular trading day. Gained, but the dow underperformed. We have positive sentiment coming from vaccine manufacturers. Optimism is a little bit offset by the surging virus cases. Eight of the 11 sectors closed higher. Composite ended at a record high. Oil, it of pressure on is down below 40 per barrel. We saw a rally during the new york session. Since the biggest drop december. New zealand, trading is underway. Chicago nikkei futures pointing to a mixed start across japan. Are looking like we can see up just over 1 at the start of the session. The aussie is holding unchanged. Strategists are not clear about the direction for this risk exposed currency. Organ stanley is bullish jpmorgans calls saying we could see low 60s as a result of the slowdown in global growth. Hours of chi
You can see rolling in on the stiff breeze and 33mileperhour wind in fairfield. That is when you know the may gray is here to stay. Mostly cloudy afternoon even when your area gets rid of the low clouds which are mainly inland and stick around the bay for a while longer. High clouds will roll in and thats why you need the sunglasses on a limited basis today. And stay near 60 at the coast and only 71 to 76 at noon and 75 to 80 at 4 00 and a brisk temperature in the upper 60s. Grab a coat if youre heading out this evening. Kumasi, back to you. Thank you, mike. We have breaking news that we have been following all morning as protests continue in the twin cities. Minnesotas governor will hold a press Conference Today to discuss the response to the civil unrest that has been happening since the death of george floyd since he was in police custody. Violent protests and fires continued overnight and the minnesota governor says he expect charges to be filed soon against the Minneapolis Police