Components reporting this week including pfizer, mcdonalds, boeing, apple, exxon mobile and we also hear from facebook, google parent alphabet, we look ahead at what to expect. Turning into the market, futures pointing to higher open to kick off this week, 121 point gain on dow futures as gold shines hitting all time high closing at 2,000 an ounce as concerns debt, what about National Debt . Mornings with maria is live right now. Checking on Global Market action, in Europe Markets are mixed, slight losses in england and france at the moment. Blow to Tourism Industry. Uk putting spain in quarantine list due to coronavirus cases and other countries could follow. Markets mixed there. Hang seng and nikkei lower, china reporting june industrial profit surged 11 and a half percent. Keep in mind the numbers are put out did the communist party. Cheryl casone has more in your headlines, cheryl. Cheryl good morning. 1 trilliondollar package from republicans, more stimulus check, 1,200 with direc
Protests in atlanta. The shooting now ruled a homicide. Parts of seattle remain under siege. The mayor supporting protestors calling their actions an act of patriotism, President Trump saying that the mayor and governor should be ashamed of themselves tweeting that the matter can easily be fixed. Mortgage rates dropping to a record low, quick and loans ceo joins me at 8 30 a. M. Eastern time. Find out who can take advantage of low rates and what it could mean for housing recovery. Mornings with maria is live right now. Fears of second wave of coronavirus hitting Global Markets. Europe markets are selling off, down to tune of 1 in england, france and germany. Restrictions easing up in the uk as retailers reopen, many European Countries opening their borders to travelers today. In asia overnight, you can take a look at major markets there. Lower across the board from korea, japan and shanghai. More signness of slow recovery in china. Industrial output coming below expectations rising 4 i
Lots of earnings coming out. Ups is the latest. They are withdrawing their 2020 forecast for revenue, as well as eps, as we have seen from Many Companies trying to estimate the impact. Theirre withdrawing forecast. They are suspending the Share Buyback for 2020. We want to get you all of todays top moving news from new york and our london team. We want to begin with the volatility in the u. S. Oil market. Wti at one point falling below 11 a barrel. Bps ceo, after the Company Released firstquarter results which showed a 2 3 drop in profit. We have a situation where we have excess supply, and storage is filling up. Cushing is 70 full. People think we will reach completely full sometime in may. We are very fortunate to have a large trading organization, and they have been able to find a physical home for our crude, but not everyone is that fortunate. What is happening here is a very simple case of supply and demand, and the market really isnt going to find some stability until that comes
Rp much flat are the much flat. S p futures reporting today. Credit suisses thirdquarter results bringing relief to the banks reputation that was dented by a spying scandal. Bloombergs Francine Lacqua spoke to the ceo. Negative Interest Rates are not helpful to the banking sector. Everyone can see that. It will have to change at some point. Alix joining us from zurich is Francine Lacqua. Walk us through some of the highlights of the interview. Francine first of all, the numbers topline werent bad at all, but if you double down and look at the detail, some investors were maybe a little disappointed on the margin when it comes to wealth. The Global Markets did extremely well. This was a problem for Credit Suisse in the past. Youre seeing a bit of a muted reaction. Share price was down 2. 5 a short while ago because they are focusing on betterthanexpected results in some divisions, but the guidance disappointed. The other big question i tried to press on was the spying scandal. A couple o
Weather alert. Good afternoon and thanks for joining us. Right now we are tracking the showers moving our way. Howard, will this be over before mothers day . Yes, this will be over before mothers day and thats the good news. In fact tomorrow lit afternoon looks a lot better than tomorrow morning but there could be some issues. Lots of light rain from down across southern central virginia. It is getting into some of our southern counties toward fredericksburg. And while this is moving east it is starting to move northeast but headed south picks expect it to be wet at least for the next few hours. Im starting to watch these and see how they are moving northeast. This stuff is going to head toward us i think as we get into the latter part of the afternoon. Futurecast a little under plan in the southwest but by 7 30 we have a few showers here, maybe a little more than that with temps holding the 50s, maybe near 60 this afternoon. Rain tonight will be heavy at times, one or two inches of ra