In focus with Russian Hackers targeting Companies Working on covid19 vaccine development. This after a massive twitter hack on the accounts of top lyrical and tech leaders. The attackers got access to internal controls. Michael chertoff told bloomberg earlier that twitter must ask itself two big questions. Are they adequately double checking the identity of the people posting on a regular basis . And also get to the bottom of how somebody on the inside was persuaded into turning over the keys to the kingdom. Facebook is also doing some soulsearching after the social net works latest diversity report showing the company is struggling to recruit black engineers. We are going to hear more on that with Maxine Williams. I spoke to her exclusively. She is reporting to sheryl sandberg. Meantime, cases of covid19 continue to rise. California reporting near record new cases and deaths. Florida, arizona, montana also seeing searches. Round ofgton the next stimulus relief could come as early as n
China sea. Coronavirus cases are in the u. S. Florida passes new york is the second highest state after california. Gold futures had a record, beating levels last seen in 2011. Sasol are plunges. Lets take a look at how export thesis shaking up when it comes to the start of trading here in asia. This is what we are seeing when we are seeing futures. U. S. Stocks fell for a second day on friday. There is a faltering sense of recovery in the u. S. This is expected to focus on unemployment insurance. Pelosi has called that passage contracted the futures is down by a 10th of 1 . Japanese stocks coming back online. Mildly positive. Sydney futures extending losses down about a half percent. A flat start to the cash trading session. Lets take a look at gold. That is always the been the story. Gold prices are not looking too far behind. General concerns about where the Global Recovery goes from here. Global virus cases have exceeded team. 1 million while there are signs the virus spread is slo
You have radical left democrats running cities like chicago and so many others that we just had a news conference. Unfortunately, that is the way it is. Thats the facts. When you look at chicago and you look at the job mayor lightfoot sent me a letter yesterday. I think in their own way, they want us to go in. There will be a time when they want us to go in. Right now, we are sending extra people to help. We are arresting a lot of people who have been very bad as far as the coronavirus, as you say, i think we have done some amazing things. I think you will probably see that if you compare our statistics to other countries. And if you look at death rates, etc. , you will see, and especially into the future with whats happening, you will see some very, very impressive numbers for the United States. President , do you plan to do a National Strategy to help schools reopen and reopen safely . Regarding the children in your family, your son and grandchildren, are you comfortable do you plan
On top chinese officials for now. Joining us to break down the day that was, abigail doolittle. She has been following all the market action. Curious what you make of the whiplash today and why investors were not more optimistic about the vaccine news. Abigail another volatile day. Today, a bit jittery. There was a point in time where it felt like you were going to see a bearish reversal. It did happen for the nasdaq 100 and the new york faang index. The tech stocks and stayed home stocks did go lower. At the beginning of the day as you were mentioning, we had the surge and optimism around the moderna vaccine, that perhaps it is going to be the cureall and could come earlier. But, that is far off. When you put that together with the fact that the dollar and this is boring in a way because the dollar has been one of the big drivers for stocks and raise gaskets risk assets. The overnight, the dollar had been down 6 10 of 1 . On the open, down have a percent. When the dollar paired its lo
U. S. The global focus. Ines surged cases surged california and texas. Walmart demands customers wear masks. Knowing green. New south wales has a new plan for renewable power, energy and the environment. Quick check of the markets, u. S. Futures opening flat. This after u. S. Stocks climbed to a fiveweek high in the regular session. We have 10 of 11 s p 500 sectors closing up. He had vaccine developments bringing this rush of optimism to financial markets. This, despite escalating tensions between china and the u. S. Moderna and astrazeneca are rising on the optimism. More positive ecodata, u. S. Industrial output rebounding in june. Pickup in Economic Activity. Take a look at what oil is doing. Under a little pressure, headed towards the 40 per barrel level. This after jumping to a four month high. We had strong ecodata and we have President Trump indicating he doesnt want to add more sanctions against chinese officials for now, not to mention a report on a drop on u. S. Crude stockpi