Away from the alltime record high, there you have it the worlds most valuable company, apple the stock is up again, the worlds most innovative dynamic seller, amazon the stock is up again. The market, that is digested a lot of Bank Earnings already, goldman did very well in the dow is looking at 80point gain and look at the nasdaq up about 26, 27point again, i see a lot of green this wednesday morning. Heres the headline dueling townhouse tomorrow night instead of a second debate, mr. Trump working with nbc, joe biden working with abc, obvious question why not reinstate the debate, the Electoral Commission really blew it by insisting on virtual. Did you see Speaker Pelosi getting rattled on cnn, in primetime will blitzer asked her what was wrong with the president 1. 8 trillion stimulus plan, why not pick up the phone, call the president and make a deal. She became very flustered and accused blitzer and his colleagues of being an apologist for republicans. Have you ever watched online
Oracles deal for tiktok hurdles as President Trump is not ready to sign off on the plan. And Hurricane Sally our conversation with the u. S. Energy secretary coming up this is Worldwide Exchange here on cnbc good morning, good afternoon, good morning and welcome wherever you are watching. Thank you for joining us on Worldwide Exchange. Now your money are setding it up for the day in the red stock futures at the bottom right of your screen we call it a bug, down 225 points on the nasdaq, the dow rather, the nasdaq down 118. It looks like Big Technology may be happening it is early and futures are turning around right now, we are down across the board. The dow got a minor gain it was a different story for the s p 500 which was a better measure of the market and the nasdaq has shed more than 1 the index has been dragged down by shares of apple facebook and microsoft also big laggards. Snowflake open raised from one day earlier. At one point, shares climbed up above 300 a share after pulli
You can see everything is pretty much concentrated around the bay from the san mateo bridge southward and its leaking over to the south bay valleys and tying to push into the south bay where its dry where we are looking at san jose, 87 just south of the mineta and San Jose International airport. So mid to upper 50s and we will stay at the upper 50s at the coast, and mid to upper 60s at 4 00. Our best chance of showers are at noon, and almost by 7 00. Later today we should be getting more information from the governor about the next phase of reopening businesses, and that includes parts of restaurants we have not seen in a long time. Amy hollyfield is live for us in walnut creek this morning. Reporter reggie, dont get too excited about summing here to a restaurant soon, the bay area is being cautious and wanting to take things a little slow slower, a slower approach, and the state has already started phase two, and even that might not happen. Officials are saying it will depend on the n
Unemployment numbers show 3 million more americans filed for unemployment claims pushing the number of jobless claims in america to more than 33 million during the coronavirus pandemic. Today Neiman Marcus became the latest Big Name Company to feel the impact financially from this pandemic the retail giant announced that it has now filed for chapter 11 bankruptcy. More than 4 million californians have filed for unemployment during the 7 week crisis. Perry leaders say weve still got to hit rock bottom. We see Companies Making really tough decisions to lay off workers left and everybody and neiman making really tough decisions to keep their companies afloat any that that represents is that we are not at the bottom yet you cannot people need to prepare for this to get worse. The chamber of commerce also says restarting Construction Projects was a critical step in getting people back to work in helping the economy and now theyre encouraging city leaders to do more for Small Businesses incl
Thats likely to be down about. 33 . Lets see how they close. Lets get to hong kong because today, we see chinas clout. The general manager for the Houston Rockets, basketball team, tweeted support for hong kong. Beijing immediately objected very strongly. The tweet was immediately withdrawn. Lots of criticism for the nba this morning. They caved to the communists, to preserve basketballs appeal in china. Hong kong itself, im going to say its virtually shut down as violent protests returned over the weekend. Next case, what have we got for you . Joe biden. He says he will beat the president like a drum, end quote. The General Motors strike takes a rather ominous turn. And amid very visible security, joker hits the theaters and wins big. Varney company is about to begin. Stuart you know, this could be the stock of the day, maybe the week, maybe the month. General motors, down 1 . Its back to 34 a share. When the strike started, it was 37. Now, talks with United Auto Workers union broke d