Morning. So if this is your neighborhood or part of your route you are going to have to drive around a different way. We have been asking for suspect information. There was some conflicting information about a possible arrest last night but police have not confirmed that but, again, they are up this morning and starting to tweet about it. Just an update on the traffic drama its created. Kris sanchez, today in the bay. All right, thank you very much for the latest there. 6 01. New phase three raults fresults astrazeneca is 90 effective. While its less than pfizer and modernas vaccine results, which is at 95 , astrazeneca says its vaccine can be kept at refrigeration temperatures making it easier for storage at many hospitals. Pfizer and moderna vaccines must be stored in much colder conditions. A surprise announcement from governor newsom. His entire family now quarantining for 14 days after being exposed to the virus. Late last night he tweeted they have all tested negative but will fo
But how exactly can they get that done . We speak with former ge vice chairman bob lutz in a moment. It and cnbcs coverage of the coronaVirus Outbreak begins right now. Good morning and welcome, im Courtney Reagan live in times square we begin with breaking news. Stocks set to fall at the open at futures overnight hitting their limit down levels once again. We are well off the session lows at the moment. Dow jones industrial average indicated lower to the tune of 1100 points, the nasdaq down by 213 points lets check in on the etfs that track the major averages remember, these are not subject to those limit downs the dow etf is indicating a drop of 3. 75 the spy down by 3 the qqq, that tracks the nasdaq, down by almost 3 . Lets take a look at whats going on in the fixed income market and take a look at treasuries this is a closely watched barometer of everything going on with the economy and the markets. The yield on the tenyear note is sitting at 0. 38 . A rough morning in energy. Gaso
But the 52 billion man, Mike Bloomberg, was not in the debate. All in all, it was rather subdued affair, especially sense it came just hours after another day of impeachment hearings. Oh, how different from the highly rated Republican Debate four years ago that featured donald j. Trump. Thats that. The debate. Lets get to the money. Macys profit went up, sales went down. The retailers very much in focus as the Holiday Season gears up. So far, Department Stores like macys have been struggling. They are largely based in malls and malls are getting clobbered by online shopping, amazon in particular. Macys stock will be down about 4 . Look at this. Charles schwab, number one discount broker, talking about a merger with number two, ameritrade. Looks like they will become a very big bank that offers free stock trading. The whole brokerage world, really shaken up. Both of those stocks up significantly. Overall, the market is still yanked around by trade headlines. The president says this, the
Uncertainty, and all of that made for a down day that saw losses accelerate into the close. The Dow Jones Industrial average fell 173 points to 25,962. The nasdaq was down 54 and the s p 500 slipped 23. One of the bright wpots toda home depot. The Worlds Largest home improvteent retailer rep betterthanexpected earnings and that sent its shares up more than 4 , making it the Top Performing stock in the dow today. But the company did lower its Sales Outlook for the whole year amid concerns about the economy and the tradeco war. Tney reagan has more. Reporter recession fears loom and there are signs of owing economic growth. Home depot executives say the consumer remains healthy and the Housing Market is stable, though it wasnt a perfect quarter for the Home Improvement retailer. Lumber pricetieflation ces to weigh on sales. Prices are more than 50 lower than a year ago, and a big reason comparable sales disappointed. Unseasonable weather delayed some Home Improvement projects early in th
Bag the dow attempting for a Third Straight interestrate session of gains but between the bulls and the bears as anyones game, the s p 500 and nasdaq on the other hand are little more firmly in the green as you can see, nothing to write home about but there in the green, as big tech and growth stocks, maybe the chip stocks to lead the way higher, nvidia, micro, their higher but not just tech and control, Steel Dynamics claim in the top spots on the s p 500 at this hour. Coming up by the way were going to dig into whats driving the gains in the rejection and rocking the Steel Industry the ceo of spring maker Cleveland Cliffs will join me whether to discuss whether or not he can seal the deal with u. S. Steel, that is a lot of rhyming. The Chinese Markets are reeling today as the countrys property crisis deepens the hang seng deeply more than 1 of chinas top privately run developer, Country Garden holdings failed to make its Interest Payments onto u. S. Dollar bonds. Could turbulence and