Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The nasdaq composite hit another record high. At the end of the session, the biggest fall in more than two weeks. Take a
It may not rhyme but its more compelling than sell in may and go away. It was something i heard many years ago and then it turned out to be a terrific summer rally, because of a rhyme sell in may and go away is suboptimal advice, but this may it just so happens the markets run too much versus if fundamentals the dow plunged 622 and the s p losing 8. 2 . And the nasdaq knowsdiving 3. 20 off the rails. Now, after a week that ended in a bombshell after President Trump talked about the possibility of retaliating against china for not doing enough to stop the coronavirus, i dont love the timing here but if theres one thing weve learned, you need to take the president seriously when he threatens to take action against china, because hes done whatever he says and thats bad news for the stock market let me put it this way in 2018 and 2019 we went after the peoples republic with both barrels. We were in a position of strength strong gdp growth and incredible job market 30 Million People have lo
Bounds. If americans anywhere are threatened, i am ready andprepared to take whatever action is necessary. At 11 00 as tensions hit a nonew w high, a bay area lawmaker is teams up with Bernie Sanders to prevent america from going to war. Reporter just hours ago, Dublin Police recover what could be n a the deadly Home Invasion robbery that happened at this dublin condo. And will your weekend be a washout . A fresh roun in i wet on start to the reamin y ar weekend. Good evening, im allen martin. And im veronica de la cruz. Taking a live look outside, not much to see right now, but dont let those clear skies fool you. Darren peck here to show us whats on the way this weekend. Already seeing a lot of green showing up on the radar. So lets get straight to high def doppler to see where the rain is now and more importantly, where its going to be by early tomorrow morning. Well switch from live, put it into the futurecast. Play us forward and by 1 00 a. M. We have showers just about to work in
Reporter lawmakers are divided about the president s decision. Some say the u. S. Attack may have brought our nation closer to another war, while others say the world is a better place without qassem soleimani. Time now for a check of our top stories at 5 30. Charges now filed against two men for a deadly laptop theft in oakland. It was javon lee and byron reed who targeted the victim at a starbucks store. After he tasted them, police say the victim was dried by the getaway car and killed. More on an emotional outburst and court from the suspects Family Member coming up at 6. The female victim from the dublin shooting is been identified as 28yearold Adrianna Maria navarro. She died from gunshot wounds after she and her boyfriend attempted to rob her ex boyfriend at his home. The exboyfriend shot them both, he claims it was self defense. Tesla is ending the year on a high note matching production goals and delivering more than 112,000 cars. A first for the fremontbased company. On wall