Dorsey, and alphabets sundar pichai, are set to testify virtually tomorrow. Section 230hange could have longterm ramifications on free speech on the internet. Banned news political ads. We will ask Cambridge Analytica whistleblower as part of our special electioneering series. First, lets get a read on stocks and microsoft results. Abigail doolittle with us from new york. Big beats out of the gate. Abigail in the after hours, they are trading higher. Although i think what we are about to look at could be all over the map at the moment. They are talking about the idea that further lockdowns could hurt demands. Their Cloud Business was weak. Microsoft Cloud Business very strong. That was a piece of the beat. Maybe part of the business that could have gone to microsoft. Again, after hours, this stock is trading higher on the year. Valuation is rich, but the theter is good enough that stock is doing just fine. The s p 500 index and the dow down once again. The nasdaq climbed sharply higher
The big concern is the red flag warning that went into fekt at 1 00. Our concerns are with that northwest wind. The perimeter in the sugar loaf state park area, and if that fire gets across the line that we have established down there, it will create a much larger area to fall back to. Keep in mind, the red flag warning will remain in if he can through saturday morning. So were entering another critical time. The glass fire is moving dangerously close to the northeastern edge of angwin. Stephanie sierra went directly into the fire line where the flames are bordering that small town. Reporter the work thats happening this afternoon is critical to save angwin. The fire crews tell me theyre building a fire line from friesen road to spring lake road which homes to save angwin. Its day five, working in triple digit heat. Surrounded in dense black smoke. These heroes arent giving up. Dragging 140 pound hoses up the hill side, each crew pouring out 100 gallons of water a minute to fight the f
Disturbing and said it could top 100,000 cases per day. And we are preparing to close the books on what has been a rough first half of the year its included a painful, record breaking sell off followed by a fast, record setting climb back up stocks set therefore for their best quarter in decades. 59 minutes left of the session morgan, we are up a full percent on the s p 500 yeah, were watching that last day of the quarter, last day of the first day my goodness. Coming up, as we wrap up the first half of the year, were going to focus on why not work from home. Twilio stocks up in 2020 well speak with the ceo about the demand for his companys Cloud Services during the pandemic mike is tracking the Market Action kayla has the highlights from fed chair powell and secretary mnuchins testimony on capitol hill and joining us to look ahead to the second half of the year is lori but mike, lets start off with you and a look at the market this is a good illustration of the old say a iing dont sho
Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
Worldwide exchange. Everyone, on cnbc, im seema mody in from sara eisen. And im in for wilfred frost. See seema, a fantastic day, a lot coming up. A record high for the dow. Take a look at how futures are shaping up here on Tuesday Morning. A lot of earning to look at, in terms of walt disney, priceline among others here on futures trading mix, Dow Jones Industrials down by 2 points, s p down by 1 point. A lot of fed seekers coming up were looking at a tenyear field at 2. 6 , so a bit higher Economic Data out of china overnight, chinese missing expectations, the nikkei off by 0. 3 and shanghai up by 0. 1 . Shaking that data caoming out of china. A bit of a mixed market. Theyve been hovering between gains and losses the dax in germany, you cant get more flatter the german dax, ftse, in uk, all up by 0. 1 of 1 overall. Seema, the Economic Data well talk about in just a couple minute but still not having that wailing effect that people thought it was going to have either in asia or europe