Which is indeed making a comeback. The latest numbers show a sharp increase in new cases, running to about 40,000 a day. The virus task force reconvenes today for the first time in two months. Some states are pausing their reopening program. That is a warning to the nations economy and the rebound. The wall street journal, this is an important warning for the president. The powerful Editorial Board bluntly said hes heading for defeat. Thats a warning for wall street, too, because a biden win would be a real challenge for stocks. So where are we this morning . Warnings duly noted. Ive got some red arrows there. The dow is down about 180. The s p down about 10. The nasdaq down about 15. Red arrows for three indicators. All right. Im going to call this a positive. Remember the mob that threatened to take down the lincoln emancipation memorial . They were supposed to attack it at 7 00 eastern last night . Well, it rained. The limited number of people who showed up retreated to shelter. The
And the other major story in the uk the summer heatwave continues to take its toll on people across the uk with temperatures reaching the mid 30s yesterday and its due to get even hotter during the day today. Now on bbc news live to singapore for Asia Business report brace for impact Nissan Motors expects to announce 10,000 job losses as its profit slump by 20 . The worlds biggest plane maker, boeing, says it is 2. 9 billion in the red last quarter. Good morning asia, hello world, it is thursday. Glad you could join us for another action packed addition. Naesen workers around the world are bracing foran workers around the world are bracing for an announcement later today of thousands of job cuts. For an announcement later today of thousands ofjob cuts. According to media reports, japans second biggest car manufacturer will say it is laying off more than 10,000 workers amidst weakening sales. It comes after the Firm Yesterday warned its First Quarter profit, from april to june, yesterda
Year im Brian Sullivan welcome. Power lunch begins right now she works hard for the money so hard for it, honey im Michelle Carusocabrera at the New York Stock Exchange back in rally mode, the markets, highest in three days been all three indices on track for a positive week. Dow jones industrial average higher by triple digits. These days only a gain of half percent. How much of a rally over the last year. Goldman sachs, two names leading the dow higher Goldman Sachs and chevron hitting a threeyear high, by the way. Energy, outperforming, etx, xle on pace for its best in the year and all big winners. Alltime highs, home depot, c t caterpill caterpillar, fedex, and big loser, pg e due to california wildfires. Beginning the hour with breaking news on the fed Steve Liesman joins us with more. Thanks. Cnbc learned from sources familiar with the situation that leary lindsey commit considered fed vice chair job, lindsey interested in exploring the job. We dont know what status the discussio
Follows the release of the white paper from his Firm Yesterday on Procter Gamble in which they have a 3. 5 billion stake. Lets see if we had set up for what appears to be a lower open at this point. The broader averages down ever so slightly. Things were mixed to a certain extent some what mixed action there as for euro zone indices, they have been done and you can see again mixed because i like to add germanys dax is up ever so slightly the ten year note yield has been the story for the entire week and it still is at 2. 05. Of course pressuring equities when you think about the financials theres wti and brent. Lets get to our road map this morning. It does start with that hurricane. Hurricane irma bearing down on florida and government Officials Say it will devastate the United States. Plus that massive data breach equifax reporting a cyberattack potentially compromised the personal data for nearly half of all american adults. And nelson peltz unveils his plans to shake up Procter Gam
Secede from iraq heading. Also coming up campaigning reaches a crescendo ahead of catalonia independence referendum Authorities Say theyre worried about Public Safety sundays an authorized vote isnt just dividing spain its also dividing the region. And hugh hafner of the founder of the adult magazine playboy dies at the age of ninety one launched in one nine hundred fifty three playboy was an overnight success will be going to hollywood to look at his life. Plus u. S. President down trump unveils his long awaited tax plan he wants drastic tax cuts across the board sounds good but how is it going to be paid for. And in football byron munich are humbled in paris as p. S. G. Defeat the bundesliga giants three nil in the Champions League. Im brian thomas welcome to the show its to iraq now where kurds there are facing growing political isolation after the massive yes to independence and mondays referendum airlines from turkey egypt jordan lebanon say theyll be halting all flights to Iraqi