Next hour ill speak to the ceo of Johnson Johnson, on the companys earnings and news of the halt in vaccine trials after one participant became sick, helping to drag futures this morning. Take a look at markets, the dow industrials are down 133 points, the nasdaq is holding onto gains, up 97 points right now fo. The s p 500 is down 6 and a quarter points. Yesterday, Big Technology led a big rally and at the close the dow was up 250 points, the nasdaq up 296, almost two and two thirds percent on the nasdaq, the s p 500 yesterday up 57 points at 4 00 on wall street. Amazons prime day kicking off today, how the shopping giant can expect some stiff competition from other retailers this time around. High expectations, apple is unveiling its 5g ready iphone 12 today, everything you need to know before the big event, mornings with maria is live right now. European markets are flat this morning. Take a look, fq100 down 23, cac down 19, dax index in germany lower by 53 points. Retail sales in t
Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seeing. I wouldnt put too much into that will market at this point. Interesting you say that, there is a divergence and
Swifts eras tour as levi stadium braces for the next big event. From the areas local news station, youre watching the kron. 4 morning news at 7. Good morning. Thank you so much for joining us here on the kron. 4 morning news. Im stephanie lin. It is sunday, july. The 30th another warm day for us in store across the bay area. Lets check in now with dave spahr for your weekend forecast. Take a good morning stephanie. Good morning, everybody. Weve got a pretty warm day going on for you, well inland, its still going to feel very much like a late july here is. But a little bit of relief is happening towards the middle of the week you. A little bit of breathing space here. Heres whats going on at Golden Gate Bridge again, our morning fog is joining us again. This all mixing out by the time we get to midday or so. 64 for any talk. A lot of 50s on the board for right now with even a chilly 48 up there to santa rosa. 58. Meanwhile for san jose, our temperature contrast for you were trailing in
The averages were almost a side show compared to these two. Both instructive about what can make a stock go high ner this market. You wouldnt expect the market to be this benign. The biggest earnings week of the year. Worse than the fed meeting, the how did apple stock rally . Tesla stock, 15 . What happened . Ive been saying tesla stock keep going down and musk pulled a rabbit out of the hat. He bagged a terrific one this weekend. When he got permission to sell a subscription based full selfdriving for the tesla giant, which gives him a whole new revenue stream. A big one. That can go a long way to restore price momentum after vicious price cutting in china. Just as important as how musk got it. He made a surprise trip to china and nailed down a deal. This is unbelievable. Also perfect example of a ceo redefining narrative had so much going on he hadnt been paying attention to tesla. He got on a plane and made a deal. I cant think of anything similar in the annals of American Business
Of them to be with donald this is sound just live from london also coming up. Turkeys military begins firing into syrias afrin region their target is kurdish fighters. And told brennan at the institute for Cancer Research looking at the possibility of a blood test which could be a breakthrough in cancer diagnosis. And the giants like festival help in london this fight all the would simply say is. A very warm welcome to the program good to have your company a qatari while who was formerly a close ally of saudi arabia says the gulf diplomatic crisis has been manufactured in an explosive audio recording obtained by aljazeera shake up dillard been. Can be heard accusing both saudi arabia and the u. A. E. Of fabricating the with with qatar as a way to seize their neighbors wealth he also says he was on the so much pressure from the two countries that he wanted to end his life. As the story. The man saudi arabia and the u. A. E. Were presenting as an alternative to qatar leadership stepped u