167 drop. Turn positive 59 minutes left in the trading day. Yeah, set for another record day all time close for the nasdaq coming up on the show, the dow component and tech component an hour away from that up more than 30 from the march lows still down year to date. Well have full coverage and analysis when those numbers hit. First of all, lets focus on the big stories were watching mike santoli is back and tracking all the Market Action for us meg terrell has new details on a number of vaccine candidates and were following the action in washington with the key deadline approaching. Mike, lets start with you its almost faz that rotation out of tech into value didnt even happen. You missed it all of last week you know, exactly a little bit of a stutter step that is all. Maybe it took for the overheated big nasdaq names to cool off for 4 1 2 days, 4 1 2 trading days but they are leading the way today. Is a very narrow rally it is a slow motion breakout you look at a year to date, thats g
The u. K. Considers new curves in london. The rda prepares to meet with melbourne again in lockdown. Pam braces for more economic gloom with First Quarter growth data. We are expecting a steeper downward revision. Lets get a check of where mark were markets are setting up. Here Sophie Kamaruddin in hong kong. Here is Sophie Kamaruddin in hong kong. Sophie a cautious start to the month of august after asian stocks have a fourth monthly gain. We are seeing sp Futures Holding steady and looking like a soft start to this trading week. Gold futures testing 2000, bouillon extending its rise after the best month in four years while u. S. Real yields lingered near record lows. Money managers are shifting gears a touch, decreasing the bullish gold bets to a six week low at the end of july. In the forex space, looking steady with offshore yuan staying below seven. We have the aussie dollar easing its earlier drop as investors assess the lockdown in victoria state. With a earning stock, we have t
Down its biggest state again its more than 26000 coronavirus cases are reported in one day. Donald trump dismisses a Supreme Court order saying his tax records can be examined by prosecutors in new york. Aljazeera Programme Makers are being questioned by police in malaysia about their documentary on Migrant Workers being locked up during the covert 19 locked down police say theyre investigating the program for sedition defamation and violation of the Communications Multimedia act ill just syria has responded with a statement calling on the malaysian authorities to respect Media Freedom and desist from treating its journalists as criminals ill just says it has serious concern. Ands about developments that have occurred in malaysia since the broadcasting of its water one east negative investigative documentary locked up in the lasers locked down on july the 3rd the documentary investigated why the covert 900 pandemic is forcing Migrant Workers into hiding the government put some areas of
Livermore and particularly up here the north bay for today, well try about 84 by 1 oclock by 4 were going 89 is some locations reaching about 90 marty all right dave thanks a lot new this morning the Berkeley City Council has approved a plan to end Traffic Enforcement by Police Officers now this makes berkeley the first city in the country to make this change. Kron fours reyna harvey has the details. This historic proposal changes the way the city conducts Traffic Enforcement issues from armed police to an armed city workers now again one major question a lot of people have is how do they plan to enforce this when we reached out to city council were still waiting to hear back. Now again this is an attempt to curb racial profiling and reduce Law Enforcement encounters that can turn deadly, especially for africanamerican drivers. Berkeley City Council Approved the proposal overnight. This is going to create a new arm of the department of transportation that would handle traffic incidents
Nasdaq futures once again up 45 points. The momentum continues for tech. S p 50 down just a fraction after markets rebound yesterday with nasdaq ending the day at another alltime high. This is the fourth record high in the last 5 sessions for the nasdaq with gain of 118 points. The United Airlines could be cutting half of its workforce, half of employees. 2020 presumptive nominee joe biden said to announce economic plan today as Goldman Sachs warning of possible delay of Election Results that could slam markets, all expectations coming up. Plus push to Defund Police, biden says some funding should be redirected from Law Enforcement. Big cities seeing surge in Police Retirements as crime soars across the country, mornings with maria is live right now. Maria Global Markets look like this, the cac quarante is up 5 and dax index in germany higher by 152 points, one and a quarter percent. The government takes action to support an economic recovery with stimulus. In asia overnight green acro