Digital sales. More on that in a moment some hope on the vaccine front as well to mention j j entering trials with 60,000 volunteers though cases rising in many states here and abroad down 450 points. A sharp selloff in half an hour as kelly and frank were discussing on the show well speak with Ceo Marc Benioff well discuss how the pandemic changed business and his thoughts on oracle and tiktok deal plus more walmart is hiring tens of thousands of workers well speak to fubu founder and shark daymond john the stories were watching, mike santoli tracking action, sara with a look at nikes quarter mike, lets kick things off with you. Down 2 on s p. It seems as if really this rolling correction period in september has Unfinished Business to it didnt seem news driven though incrementally coming into the week, weak seasonal patterns a general sense if you were talking about an economic recovery, you werent getting fresh confirmation of that day to day of course nasdaq is in sell the rallies m
Maria this as millions of americans are in need of aid which may not come until september now, at the earliest. Vice President Joe Biden calling for a nationwide mask mandate as President Trump fires back. More on that plus new fox new polls out this morning. White house brokered historic peace deal coming together in what President Trump is calling a huge breakthrough. The u. S. Has seized iranian fuel cargo at sea. Take a look at futures in the red. Dow futures indicating decline of 130 points nasdaq down 12 and s p 500 currently by 10 points after slight losses yesterday, dow, nasdaq and s p 500 on track for a winning week despite decline yesterday. Nasdaq was up 30 and s p lower by 6 points. Fortnite battle royale. People evacuated from Los Angeles County this morning more than 10,000 acres scorched in less than 24 hours. No flights to nowhere becoming a trend. We will tell you all about it. Ask maria is back this morning and time to turn the tables and ask me the questions and tim
Well straight ahead, what triggered scary moments for but get this, the lesson plans People Living in North Carolina are still up in the air. Over the weekend. Hint, it is something we know all too well here in the bay you. Thanks for starting your morning right here with lra garcia. Area. And i told him you guys need to get out right now. Marcus, i sure hope you enjoyed your couple of days off. Jumping into action after a it was warm this weekend. Garage goes up in flames. Absolutely. Why a Southern California man is a look at that from kari. Being called a hero for his so today we start out of the week nice and cool this morning quick thinking. But happening now, hong kong but how is it going to shape up Police Arrest jimmy lye. For the rest of the day. It is going to be another hot they raided the publishers day. And some of our inland valley headquarters. This is the highest profile use were talking about low 90s but of the new National Security law we do have the kind of weather b
Is this a turning point for yields around the world. Well get fed minutes later on today. Road map begins with retail earnings, target and lowes soaring in the premarket on their results bucking the downward trend in retail. One week since the dows 800 point drop were close to recovering the losses well take a look at the wild ride over the last week. And what you can expect next. As the september 1st tariffs aapproach, well take a look at the companies that may be in your portfolio with the most exposure first up, target set to open at all time high, lowes surging on the better than expected quarterly earnings, revenues and comps. Digital sales drove more than half of the growth in q2 comps lowes reporting positive comps in all of their geographic regions in the United States and outpacing depot for the second consecutive quarter. We got to focus on execution. And risk taking. Both Marvin Ellison at lowes and Brian Cornell at target took big risks. Some people say they blew up the way
S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The biggest decliner of the three major averages would be t