Crack in the foundation, but that heat advisories still with us for Solano County until saturday at 8 oclock all right the breakdown today will put us about 68 by 09 00am by 12 were talking about 83. Yes, well see some 90s today probably the last day will see 90s until early next week after today. And a little micro cool down coming this weekend well be talking about it coming up marty back to you. All right, thanks a lot, lets get to our top story this morning of the u. S. Is now seen a disturbing new trend. In new Coronavirus Infections on thursday there were more than 37,000 new cases reported. And thats a singleday record. According to Johns Hopkins University Hospital there are currently over 9 million cases around the world and 489,000 deaths. The u. S. Has over 2 million cases in over 124,000 deaths and over 663,000 people have recovered from covid19 here in the u. S. At least 30 states reported increase in cases, new mexico, arizona and texas are all putting a hold right now on
About 6. 6 million filed for unemployment in the past week. So 10 million who have gone into this even though it doesnt have the most recent week will watch to see how this turns out. Crude oil prices after the biggest hike after one day after maybe 26 after news that joe kernen reported here after the president said what he was going to be doing absolutely changed not only the oil market yesterday but the entire equity market as well yes like i said. You suspend disbelieve of everything at this point dont we came in, talked to him he tweeted exactly what he said. It was vintage trump expects, hopes while i certainly hope so, i expect what has been confirmed bio peck is while they are saying at least 6 million in their meeting. The president said as much as 15 maybe they are talking about overall. Opec . Yes opec the market didnt really back off yesterday after the president was racing eyebrows maybe prematurely announcing or hoping for a deal or massage people into a deal didnt back o
Markets overall we have pushed higher the s p up. 2 . There are plenty of individual stocks on the move, including wells fargo as the best performer in the s p onward that it will have a new ceo. That ceo has a lot of banking experience. A couple of little quirks. Generally, people are happy with him as that wells fargo ceo. Micron is down, disappointed and a big way when it came to its earnings and growth forecast. Some analysts are being easier on micron saying this is the lowest point it will see, the bottom. Also, expectations were too high. Citi is saying expectations were too high. ,uy the stocks are fluctuating investors may be looking past the Political Drama in washington, trying to focus on a mixed bag of economic data. We also have the chinese stories still rumbling along. How do you price this . That is the challenge. Price the Political Risk right now . It is on both sides of the atlantic. It is enormous. It dominates the headlines. Thetrying to figure out, if pricing mech
Down more than 3 . These are very large Chinese Companies, could have major implications should they need to be delisted elsewhere like in hong kong. You are also seeing a lot of geopolitical tension in the oil market. Interesting story across a huge leg lower, down as much as 2 on news that peace between sally and yemen, between saudi arabia and yemen, or at least a ceasefire. President trump said he would not lift sanctions on iran in exchange for talks on oil. Speaking as trade escalation comes back into the market. A lot of fears about what trait between the u. S. And china will do. David markets moving on a report from bloomberg that the can tration is can considering imposing Capital Market restrictions on people in china investing in the United States. We come back to that story a moment, but right now we go to washington for an update on what is going on with the official impeachment inquiry. What is the latest . Josh we are watching for any kind of timeline to surface and to h
I came away with a couple different impressions. First of all Artificial Intelligence was everything. Every panel, every roundtable, every discussion centered around Artificial Intelligence. People like to raise Artificial Intelligence really when its not even speak as we believe this but you can finishwatchingd take you live to discussion of the Banking System and Financial Services sector with Bank Executives and former regulators. You are watching live coverage on cspan2. 1300 bankers state Association Leaders independence day. Even more watching on our liveke out of your busy schedules to add your voice, your advocacy efforts. I also want to walk members of the media who are joining us, and i would like to extend a special thanks to the members of congress, regulars and other es our program over the next few days. This event is all about advocacy. Its about dimmest setting to the policy community that bankers are committed to working constructively toward a policy environment that