Giving a lot of insight well be bringing you results apple, amazon, alphabet and facebook all report their earnings coincidence those four Companies Make up about 16 of the s p 500. Worth about 5 trillion combined and come a day after the heated antitrust hearing. Wolf, this is a good read in for you. For sure. There was meant to be three of those. Facebook got moved from yesterday to today after that hearing. After the close, we are waiting for two economic reports it is thursday, that means weekly jobless claims. Another 1. 4 million filed for the first time last week the first read on Second Quarter gdp. The economy likely contracted by 34. 7 . Both jobless and gdp due at 8 30 eastern time you look at those numbers down 34. 7 from the estimate we know it, weve been hearing from companies and what has been happening. Thats a lot of news to digest ahead of all of these reports. You are watching futures under a little pressure. Lets look at where things stand now. Dow down 206 points,
Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Of snow. Vaping crisis. The alarming new numbers, more than 800 cases across the country. The huge surge in just one week. Eee warning. High schools across the country forced to reschedule Outdoor Activities. Friday night Football Games moved to daylight as cases of the deadly mosquitoborn virus rise from michigan massachusetts. Missing money mystery. The Delta Airlines baggage handler arrested accused of stealing nearly 300,000 right from the tarmac. But the question this morning, where is that cash . From the floor to super bowl liv, jlo now set to take center stage at the halftime show with superstar shakira. Whenever, wherever what theyre revealing now about the 2020 super bowl show. Good morning, america. Happy friday to everybody out there. What a show that will be, jlo and shakira in miami for super bowl liv. We were talking about it, shes like, oh, the hips dont lie. Im so ready. Every latina in the country is ready for that lineup. We are super excited about that. First we wan
The market is taking it is a positive sign, i am not sure it is entirely such a big step forward. David as you suggested, it depends on what is going on inside the white house and inside the president s mind. He has been adamant he wants a full loaf, not half a loaf. Is there any evidence you might not he might back off on that . Under a lot of pressure from the midwestern farmers, the base he has. Pledges of chinese purchases of soybeans and pork and other farm commodities might go a long way toward calming some of those concerns that make up a lot of his base. Like you said, we have not heard anything very solid that would suggest he is going to soften his stance at all. David Brendan Murray reporting from london on trade. Now we go to washington. Now we get if we had any doubt on what the white house strategy was dealing with the impeachment think, we got that question answered. Anna we got a letter from the white House Counsel to nancy pelosi saying there will be no cooperation wit
Were back with this terrifying video of a driver going the wrong way on a major interstate in charlotte. Driver drove for at least 10 miles causing others to swerve out of the way. Police threw stop sticks in front of the speeding car. Eventually she crashed into a tractor trailer and hit an suv headon. She died at the scene. Police have no idea why that driver was going the wrong way. Outrage is mounting over an incident of bullying at a middle school in Southern California that turned deadly. A 13yearold boy who had been the target of bullies died just days after being beaten in the schoolyard. Here is abcs matt gutman. Reporter parents protesting after that Deadly School beating in Southern California. A throng of them swarming the schools superintendent and jeering. He had to be escorted by sheriffs deputies to a schoolboard hearing after a 13yearold boy identified only as d i ego was pronounced clinically dead tuesday. The parents say not enough is being done to protect children.