The u. S. Cases approaching seven million. A new round of stimulus remains a major question mark in washington weve got 59 minutes left of trade for this week. Were up 2 for the nasdaq its been a roller coaster of a day. Coming up, well ask the billionaire investor where he is finding opportunities amid the renewed volatility on wall street well get his thoughts on the red hot ipo market and, of course, the spac craze the plus, former National Security adviser mcmaster will join us to discuss the latest news on tiktok and simmering tech cold war with china well talk about the many battlegrounds for the United States and to mcmasters new book which is out this week. Lets get straight to the big stories. Mike santoli is tracking all of the market action. Julia has new developments in the tiktok saga. Josh lipton is covering more on the facebook fight mike, start us off on the Broader Market thank you very much we have a little bit of follow on rally here in the afternoon we have a little
I say that with hesitation because you never know with these numbers anymore. Here is more. Is not highfrequency data. But they are coming in stronger than expected. 6. 2ory orders up by percent. The forecast was for 5 . Percentages dont mean a lot right now because data is always volatile. It is even more so now. We are seeing wide swings in orders for both factory goods, durable goods and nondurables. Durable goods orders, we already got a report on that. That gets revised. It is revised stronger. 7. 3 earlier. Tothe end of july, it is up 7. 6 now. These are june numbers. Orders, that is the one economists like to look at because it tells you what business orders are and what business spending is in gdp and that comes in at 3. 4 . That is up from 3. 3 . Not a lot of new information. Slightly stronger. The reopening started to bring rebound into the economy. At this point, we have no idea if that has continued. The new yorku that ism number which represents this 53. 5 four july. At le
Will have more on the San Francisco fire in a moment. I am frank mallicoat. Good morning i am allie rasmus but we have rosemary wrestle with us to give us a check on our weekend weather. It is going to be one for most of us this weekend. So becky has a notable warmup. We are waking up with mostly sunny skies, just a little bit a patchy fog along the coastline. Temperature will take a notable jump today. Getting alive look over areas of the golden gate bridge. If you look to the flag on the right side the wins are, and light. We are looking at temperatures well into the 70s, even mid 80s expected for inland cities today. The warming trend continues on sunday when are in land cities get very close to 90 degrees. It looks like memorial day monday will be even hotter than that. Temperatures are expected to peak in the mid to upper 90s before this warming trend is over. Details what you can expect r e up with just a bit but with the in San Francisco. The Early Morning fouralarm fire not too
Legendary Silicon Valley venture capitalist tim draper, he was a very early investor in twitter. We have him in a fox business exclusive on exactly what he thinks and how serious he believes this new move by President Trump ostensibly against twitter and other social media names might really mean for Silicon Valley. And we are looking at many different stories at this hour, specifically let the bidding wars begin. Yeah, the Housing Market. How about that. We know that more states are allowing the reopening of so many different businesses, including Real Estate Brokers who had been during the lockdown banned from pretty much facing facetoface potential buyers. Re realogys ceo is here on just how strong he believes the snapback in recovery for the real estate business really truly is going to be. And the coronavirus lockdowns have taken a toll on americans Mental Health. The hottest app in wellness, in the wellness world, is now focused on pretty much helping you get your mind in the rig
There, how soon will she go into an eatery . If they are open right now, i am going right now. Hopefully we will increase the sales and people come in and enjoy themselves. The safety of our employees and community and being the first one out of the gate, we have to be more cautious than everyone else to make sure we get this right. That is why a restaurant and bar open to saturday. For our staff, for our community, for our guests that come in the door, for our purveyors, we really want to make sure that when we do open, we dont have to close again in a couple weeks because we have done it irresponsibly. Wineries and tasting rooms remain ordered closed. We do look forward to further relaxation as the Health Officials allows and does the state allows. The chef owner, a local favorite, will wait to open in a week or so because so much is at stake. It is not so much just the restaurants but the supplier chain, the wineries. I think for everyone restaurant, there is 40 businesses that are