We extend a special welcome to our witnesses and thank them for appearing. Remotely all appear this morning. Commissioner noah phillips, commissioner Christine Wilson and rebecca slaughter. This agency was established in 1914 by the federal trade commission act. The fcc is chiefly responsible for protecting consumers from unfair, fraudulent Business Practices in the marketplace, including protecting Consumer Privacy and the security of their data, preventing harmful uses of technology and combating deceptive advertising and illegal robo calls, among other issues. The fcc is also responsible for educating consumers about fraudulent activity and theatory business practice fcc is intended to help prevent americans from falling victim to frauds fraudsters and other actors. Recently discussed, the subcommittee hearing on covid19 scams last month, coronavirus becauseted a new avenue of stayathome orders, a prime target for exploitation. I appreciate the ongoing efforts to protect consumers f
The securities and Exchange Commission focusing on disclosure. We will get into it. 8 30 a. M. Eastern. Chairman jay is here live. We will talk about it. Isaias leaving millions without power, the deadly storm causing disruption across the east coast. Did you lose power . Novaxx with trial, research and Development President gregory glen is here to walk us through the progress. Markets this morning look like this. Indications are for pretty good rally at the start of trading. Futures indicating gain 200 points right out of the gate. Dow industrials up 198 and nasdaq up 1. The momentum continues. Up 38 points yesterday, the dow up 164 at the close yesterday and the s p up 11. Gold committerring glittering. Take a look. Up and a 3 quarters percent. 2020 voting in focus. Battle intensify over mailin ballots, the campaign sue it is state of nevada. Plus some of you may have heard but i have a very special announcement later this morning. Stick around, big announcement coming up. Mornings w
Fast jobs will return to sustain that and to turn that into real consumpti consumption. Ron, were seeing spices in coronavirus infection. Were seeing spikes in hospitalizations as well if you looked at trends in other parts of the world, you know, sometimes those do tend to follow the infection rates is it based on an expectation that may not play out. Maybe we were through the worst of this when in fact there is still quite a bit of Health Mandates just assuming we have a Straight Line up into the future i think there is room for disappointment we have higher infection and hospitalization rates. Sadly i think the death rate is followed up by lag im particularly worried about how many states and local governments will have to push the pause button or reverse on reopening efforts. I think there is choppiness ahead. I think it will be until we get here it can be rolled out basically globally tobias, i know you just had a institutional client poll. As we wrap up this Second Quarter, what
Mixed reaction coming out after Solano County as the governor suss spends Indoor Dining. San francisco now doesnt have a big enough jury pool to begin a trial. How covid is now impacting our criminal Justice System. A july fourth without fireworks or a trip to the beach. The governor announcing strict new guidelines ahead of the holiday weekend. Heat returns for the holiday weekend. Ill have your fourth of july forecast coming up. Abc 7 news at 11 00 starts right now. And that breaking news, a death row inmate at san quintin being tested for coronavirus after being found unresponsive in his cell. 75yearold Joseph Cordova died this afternoon. Prison Officials Say there no sign of trauma. The prison is dealing with a surge of coronavirus cases. Last week, 71yearold man also on san quintins death row also tested positive for coronavirus after he was found unresponsive in his cell. Its the first known coronavirus death inside san quintin. San quintins coronavirus outbreak has now spread to
And Congress Takes new action around hong kong and protests there. Summer sold out a search in demand for outdoor enjoyment is leaving you in a search it is thursday, july 2, 2020 here on cnbc good morning welcome from wherever in the world you may be atching thank you for joining us here on Worldwide Exchange. Lets get to how your markets are setting up the day it could be. We say that. Remember the markets are closed tomorrow ahead of the 4th of july holiday you get a 3rd of july holiday. There could be a lot of action packed earlier in the day before volume tapers off. Look at stock futures now up 187 points the nasdaq hitting new highs on wednesday. Eight stocks hitting multiyear or alltime highs including names you know microsoft, netflix, ebay, paypal, Video Game Companies and others lets look at the oil market there. That duelling battle between inventories and the ward of words. Inventories continue to draw down but saudi arabia has warned some opec members to start cutting the