Good morning. The airquality is finally improving. Hope lee felt it yesterday or today we will continue with air quality proving moderate especially along the coastline and inside the bay. Temperatures are expected to warm slightly but its only going to be brief. We will cool it down in time for your bay area saturday. Details on these conditions and what to expect, we will check in on airquality because it is a spare the air day. More on that in just a little bit at 7 01 am, lets check out the highways. Good morning. Right now we have traffic moving along very well throughout the bay area. A couple of slow spots. There is a lot of fog out there in some of these areas. Dense fog on the Golden Gate Bridge. On the richmond bridge, driving if you are driving to the bay bridge, a little bit of a backup at the toll plaza. Today, Governor Newsom at noon is expected to announce plates or reopening more businesses in california. The California Restaurant Association hopes the governor will let
From Home Software stocks. And tech continues to lead, apple, netflix up 4 it is walmart the top performer in the s p 500 were going to dig into that one. Record close watch 59 minutes left to trade. That meat and potato and delicious gravy joke from tyler. A bit of an inside conversation between the two of us today. Of so apologies for that lets have a look at what is coming up along with the meat, potatoes and gravy the ceo of labcorp joins us. Florida is severing ties with quest diagnosics and walmart upping the stakes with amazon announcing the launch of the prime competitor well discuss with the former head of walmart u. S. And a food giant bets into the biotech game well speak with the ceo of nest nestle bet with a peanut allergy treatment. Mike santoli is tracking the action on this first day of september. Josh lipton is focusing in on apple and what could be the next catalyst for that stock. And phil lebeau has details on teslas Share Offering we have another tack on rally. A l
China trade talks are off. President trump says hes postponing any talks as leaders, xi jinping reportedly facing opposition from within his own party. Its another big day for retail earnings this morning. We are waiting on lowes, target and tjx opening before opening bell this morning. We are talking with apartment ceo after reporting double beat yesterday. He will talk about the pandemics impact on Consumer Habits and concerns over stimulus checks drying up. Markets this morning looking for another recordbreaking day, take a look at future, indicating a gain, dow futures up 51 points, nasdaq futures up 18 and s p and nasdaq continuing in record territory as you see there they are up this morning after hitting alltime highs yesterday. S p 500 scoring fastest rebound from a bear market in history. Yesterday the dow was down 66, but the nasdaq was 81 and the s p up 7 points. New york city is about to get sweeter, krispy kreme opens Flagship Store in times square, ceo live here at 7 20 a
Speaker pelosi says its absolutely absurdly unconstitutional. What will they do . Go to court to stop people getting the money . Right before an election . Good luck with that. The president s playing political hardball. 84 days to the election and again, the money will flow. Investors like it, by the way. Looking at the futures, the dow industrials will open this morning with a gain of about 100 points. The s ps going to be up about four. The nasdaq, up about 13 as we speak. The president s playing political hardball with china as well and beijing is responding. Jimmy li, a leader of hong kongs democracy movement, has been arrested under the new security law and china has imposed sanctions on u. S. Senators, including marco rubio and ted cruz. Now, that is escalation. Dramatic change may be coming to a mall near you. Amazons in talks with americas largest mall operator, Simon Properties simon group properties, to use some Department Stores as fulfillment centers. Amazon gets cheap spa
Month high and europe a different story. The economy lost momentum unexpectedly. Michael is here for the breakdown. Michael the narrative in europe playing out as europeans forecasted. They are now seeing a covid come back and slowing Economic Data. Indexes, thetiment pmis, is this month better than last month or worse . The consensus is it was not as good or worse. You can see all of us the euro zone in france, germany, they saw declines in the manufacturing and services pmi and france taking a big hit, dropping into contraction territory for the manufacturing pmi. Germany a little better. Manufacturing improved but services and composite well. Composite in all three areas following the weakest representing three position of lockdown measures due to the current flareup of the virus in europe. Those of the countries that a lot of in the curve. We saw in the minutes earlier this week at the ecb that policymakers are reluctant to embrace the forecast at the july meeting because they were