And it is beginning to look a lot like a socially distant christmas as the rock center tree lights up and as we all mask up and get in line. It is thursday, december 3, this is Worldwide Exchange. Good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. Im Brian Sullivan thanks for joining us. Here is how your money and Global Markets are setting up their day. Futures not giving us a lot of clues. Were pretty much mixed. We had more gains for the s p 500 yesterday. Yes, another record. Your 28th of the year if you are counting at home the nasdaq 100 also hitting a new record today though, we also focus squarely on oil. Opec and its allies meeting today to try to hammer out a deal to extend production cuts through march. They could not get a deal done on monday. Today rush 1sia and other natio join the talks if no deal is made or they reduce the cut instead of extending the entire thing, oil prices and stocks could take a big hit, tha
Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Money to offset billions in budget cuts the state budget includes more than 11 billion. In cuts and deferrals those cuts were made to colleges court state worker pay and more those cuts could vanish if the federal government the state more money by thursday. The pair bay area cities among those topping list for businesses that had to close during the pandemic that is according to a new study from yelp which also says california is the hardest hit state in the u. S. With more than 19,000 permanent closures. For closures for every 1000 businesses, San Francisco took the second spot with san jose 5th among us metro regions again thats according to yelp some industries have fared better than others yelp says restaurants have been hit the hardest followed closely by shopping and retail. The u. S. Could see 20,000 more covid deaths by the end of october that stark warning today coming from a former cdc director doctor tom frieden says that this projection is based on the number of infections
Visionary architects. All of which raises a central question who will actually be able to afford to live in the city of the future according to the i. M. F. Sql lobel house price index over the past 20 years prices have risen and risen with a small dip just after the financial crisis. Over the last 10 years the cost of many essentials in o. E. C. D. Countries has gone down food for example pleasure activities closing. Others meanwhile the state constant transportation costs and helps. But rents and mortgage repayments have become significantly higher. Housing is becoming increasingly on affordable for many and yet its a basic human rights as laid out in article 11 of the un his covenant on social right. The state parties to the present government to recognize the right of everyone to an adequate standard of living for himself and his family including adequate food clothing and housing. We met an activist who never tires of reminding society of this. The world cities are drawing people
And learn about new technologies and innovations as well as the work of some visionary architects. All of which raises a central question who will actually be able to afford to live in the city of the future according to the i. M. F. School lobel house price index over the past 20 years prices have risen and risen with a small dip just after the financial crisis. Over the last 10 years the cost of many essentials in o. E. C. D. Countries has gone down food for example pleasure of activities closing. Of this main wilder state constant like transportation costs and health. But rent and mortgage repayments have become significantly higher. Housing is becoming increasingly on affordable for many and yet its a basic human rights as laid out in article 11 of the un its covenant on social rights the state parties to the present covenant to recognize the right of everyone to an adequate standard of living for himself and his family including adequate food clothing and housing. We met an activi