Net income coming below estimates. Revenue jumped by one third. Jeff bogged shows us joins us later on. China tensions rise further. U. S. Colleges are being told to offload holdings of Mainland Companies amid warnings of a wholesale sale of stocks from american exchanges. Shery lets get you started with a quick check of the trending markets. U. S. Futures opening flat. This after reaching a record high. Finally passing the february high after failing several times in the past week. The s p 500 was led higher by consumer stocks. Propelled by tech shares. The quickest rebound on record. Fastest ever return to a record after a drop of at least 20 . We are still headed for the fifth straight month of gains. The longest winning streak since september of 2018. Take a look at the dollar at the moment. Still under pressure after it fell to the lowest level since may of 2018. Gains itte most of the got during the u. S. China trade tensions in the past two years. Heres how oil is trading. Wti h
Vaccine. Good evening. Im andrc senior. And im cristina rendon. Speaking from his golf Club President trump signed exectival executive orders. And it would help Student Loans from the end of the year and protect renters from being evicted. Therefore, im taking executive action. Reporter President Trump signed multiple executive orders on saturday to boost the economy. We have had it and were going to provide relief to american workers. Reporter this comes a day after the congress on a new sti package. The president is now going it alone to help homeowners and renters avoid eviction. Its a temporary suspension of payroll tax. But this time states will be require today chip in. States will be asked to cover 25 of the cost using existing funding such as the tens of billions of dollars available to them through the Coronavirus Relief fund. Reporter President Trump claim democrats were the prolonged stalemateles but democrats insist theyve been acting in good fact. Nancy pelosi and Chuck Sc
Colleges are told to offload holdings of mainland companies. Australia signs a deal to make any covid19 vaccine for all. The government will distribute should it prove successful. More vaccine optimism playing out in australia. Lets look at how we are shaping up in terms of the u. S. Future session. Another renewed push of momentum in u. S. Markets overnight, hitting the record, propelled again by the same names. Also betterthanexpected u. S. Housing data. 2016 helping out sentiment, as well. We have positivity when it comes to the active futures trading at the moment. The nikkei 225 trading in chicago, looking flat at the moment ahead of a trade balance numbers, as well as machinery orders. We do have the topix, best performer in terms of Global Markets so far in this month of august. We are looking at broad weakness when it comes to the u. S. Dollar. The dollar sinking to his lowest levels since may of 2018. Im worried about the u. S. Economy with yet no relief package, stimulus pack
Frances. We have lots of sunshine this morning, dealing with morning clouds and fog. Live doppler 7 you can see the coastal clouds as well but the fog is thick in Half Moon Bay, visibility is limited down to one mile, petaluma down to five miles. Our day planner toward the bay bridge sunrise at 6 20, temperatures and its going to get hot there this afternoon n the mid90s. We may even see tripledigit heat in a few spots around the bay, near 08 degrees and at the coast, still mild because of the sea breeze in the mid to upper 60s. Sun sets at 8 08, a few mainor changes in the sevenday forecast, ill tell you about that coming up. Breaking out of San Francisco this morning, a twoalarm fire is burning at a multiunit complex near dubas park. The Fire Department shared this photo of the building on the corner of waller and caramelitas street. The red cross will be called for residents who are displaced. No unchryes reported and we have calls to the department for details about what sparked th
Restrictions in one city, but investors are brushing that off. As well, up firmly part of the Semiconductor Story, looking forward to samsung earnings. Looking at currency, the dollar story almost the weakest in terms of the bloomer dollar index, for close to two years bloomberg dollar index, for close to two years. Down for tense of 1 . Hasonshore yuan strengthened. The aussie dollar up as well. On the next board, looking at gold, futures breaking through 2000 announce. You have the likes of bank of america predicting you could get 3000 in therice next 18 months. Wti up 3 10 of 1 . The 10 year yield has edged up marginally at 62 basis points. You can see there has been a marginal rotation out of chinese 10 year as well, more risk on sentiment in the mainland. Rishaad all right, lets look at one of the biggest movers, 7 . Shares up around one at one point. We have a company that has become the worlds 10th biggest stock. Our guest from aberdeen standard investments. Thank you for joinin