Shortterm virus aid fix both sides face more uncertainty. Shares of qualcomm as it does a deal with Chinas Huawei thursday, july 30. This is Worldwide Exchange here on cnbc good thursday morning im Brian Sullivan the busiest day of your earnings season the busiest day of the nasdaq even with those big tech ceos being raked over the coals again, it is early we are in the red right now. While also staying hot has been the yellow metal gold is up close adding the 2,000 mark we are down to 1,945 per ounce indicating the recovery will be at risk. Not only keeping rates low but will likely do whatever p it takes to make sure the American Economy is propped up as much as possible that could be bad for the u. S. Dollar and good for gold u. S. Futures are down. Lets get to some of your trades around the world and top stories. This is Worldwide Exchange, i am told. Lets go worldwide julianna tatelbaum, i think they call that a sea of red it wasnt a sea of red to start. We kicked things off the o
Giving a lot of insight well be bringing you results apple, amazon, alphabet and facebook all report their earnings coincidence those four Companies Make up about 16 of the s p 500. Worth about 5 trillion combined and come a day after the heated antitrust hearing. Wolf, this is a good read in for you. For sure. There was meant to be three of those. Facebook got moved from yesterday to today after that hearing. After the close, we are waiting for two economic reports it is thursday, that means weekly jobless claims. Another 1. 4 million filed for the first time last week the first read on Second Quarter gdp. The economy likely contracted by 34. 7 . Both jobless and gdp due at 8 30 eastern time you look at those numbers down 34. 7 from the estimate we know it, weve been hearing from companies and what has been happening. Thats a lot of news to digest ahead of all of these reports. You are watching futures under a little pressure. Lets look at where things stand now. Dow down 206 points,
That was a sea change over what we have seen the last eight weeks. Francine hyde park was definitely packed as well and on saturday. It kind of goes to the challenges the authorities have as you look at the infections in real time to see whether you can go back to full lockdown. This is what markets are trying to figure out as businesses are reopening but you dont exactly know for how long. Tom it is true, nation to nation as well. Brazil having a particularly tough go of it. Statistically there is much more we can talk about about the economics and financing and also how it all folds into this pandemic. German powell front and center on that chairman powell front and center on that. Right now with our first word news. The Federal Reserve chair says the u. S. Recovery could drive through 2021. He told 60 minutes the economy will recover steadily through the second half of this year, but he said a full recovery depends on people being confident and that may not happen until a vaccine is
I want to let you know where we stand in regards to the state response to the coronavirus. I am very proud that the state response is being led by the Texas State Health services commissioner, dr. John. He and his team worked closely with the Texas Division of Emergency Management to coordinate the response to covid19. Going back, from the very beginning, i began working on first this in midjanuary. I talked to Vice President pence, and the day after that, i talked to President Trump about the very first person who contracted covid19 in the u. S. A couple days later, january 24, the department of state Health Services began leading daily calls with Public Health authorities, health care providers, city and county officials and School Districts across the state of texas. The next week on january 31, the department of state Health Services activated the state medical operations center. That was followed by the dh the dsh s opening 10 Public Health labs to perform covid19 testing througho
We will see a mix of sun and clouds and temperatures in the low 50s, and we will have a rain chance in parts of the bay area today and we will talk about that coming up. Theres a disabled car on 92. The chp doesnt have a specific location. They are trying to help this person get their car off the roadway, and thats it. Thats it, and theres that car and scattered other cars, but thats it. The team covering the impact from the coronavirus pandemic, the shelter in place now spread across nine bay area areas, and the impact its having on School Closures and families. And bob is outside the Senior Living center in burlingame we have been talking about. This hit me hard. Seniors there have tested positive . Reporter correct, six people here from the Living Center are in the hospital and three of whom have tested positive. They have posted a sign out front letting them know its shutdown, closed to visitors until further notice. Still open for residents but no visitors. The San Mateo County Pu