A sober message from the u. K. Prime minister is prepared to reopen despite covert 1000 still killing more than 100 britons a day and. You cannot get away with killing a jewel in the east turkey puts 20 saudis on trial in absentia over the murder of jon. And not have all the sports including. One that Will Champion Lewis Hamilton its quickest in practice ahead of the delayed season opening also. Welcome to the news our Health Experts in the United States say this weekend could be the perfect storm for an explosion and already soaring Coronavirus Infections as the country gears up for Independence Day in some states where restrictions are being reimposed bars on beaches have been closed and fireworks and parades canceled the u. S. Reported another record rise in corona virus cases on thursday with more than 55000 new infections thats the largest daily number any country has reported since the outbreak began california texas and florida all posted record new. Cases this week arizona says
Early, Early Morning commute. First we want to start with a look at the forecast for you as we head into the week. Meteorologist kari hall has been tracking that. Were looking at temperatures cooler than weve been experiencing this week. Right. Its been a very warm week for the bay area. Its nice to know we will have a cooldown but it starts tomorrow. We have one more day of some hot weather. At least we have the Morning Hours as we take a look at our temperature trend, not too bad for the south bay with willow glen in the upper 50s. At noon, 75. Still comfortable but we will heat up as we get ready for highs that will reach into the mid80s. Mid90s in the inland east bay and even triple digits farther to the north. So we will still have a wide range in temperatures, and well all cool off for the weekend. That also comes along with high winds. Well talk more about that and whats ahead. Mike gets you ready for a look at your commute. How is it looking . Brace yourself, folks. Pretty much
S p 30,038 russell out performing everything today lets begin our conversation, joe. Really want to use these last days of june to discussion where the money is going to be made in the next six months. First half is going to be in the books in a couple of days. Its been a turbulent one. We know that what do you think is in store for the next six lets talk about the last couple of days so we can look toward the final six months. A lot of complexity here first of all, you have the russell rebalance. You have a 10 decline in the last five days for facebook and the immediate question for me is does that have an impact on the Technology Sector. If i look at the sectors, technology is the only leading sector in the month of june. Are we going to get weakness here out of the Technology Sector i think that extrapolates further to more weakness throughout the summer for technology and there in lies your opportunity to take advantage of that orrection. How about the performance for the emerging
Chinese demand levels almost at precrisis level. Time for todays market moving news from our washington and new york teams. We want to start with fed chair jay powells comments on the economy. In an interview with cbs, he expressed confidence in the recovery, but timing is still hard to predict. Chair powell the economy will recover. It may take a while. It could stretch through the end of next year. We really dont know. Michael mckee, International Economics and policy correspondent, has more. Was there anything new on cbs . Michael nothing really new, just summarizing what we already knew from the fed and from economists and disease experts. He suggested that what it is really going to take is a vaccine before people feel really confident and the economy can start to move back in the direction of where it was before all of this started. He said congress and the central bank may need to do more to keep us afloat during that period. Appropriate government policy could buy time for work
Earnings from continuing operations was just 0. 10. Terrible numbers from certain sectors. Iously, retail search obviously, retail front and center. Market, kind of a mixed bag. Terrible data, yet equities tried to stage a rally earlier. Now futures flipping into more negative territory. Definitely the eurodollar and dollaryen are two to watch today. The yen was significantly higher thats butt all dies all eyes really on retail data later. Lets get some more market moving news from our new york and brussels teams. We want to start in the u. S. , where we are expecting more of that dire economic data. Many nonessential stores are closed. We also get Industrial Production. Michael mckee, International Policy and economics correspondent, joins us now. Michael i will give you guidance for the year, dismal. It is only a question of how bad they are going to be. Retail shrank by 8. 7 in march, when things were just getting started. In april, americans spent all of the time at home, not going