lockdowns as coronavirus cases spike. home sales hit a 15-year high but weekly jobless claims unexpectedly rise. i have a question for you guys. is chicago the nation s canary in a coal mine, as new york city s mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for disease control today recommending against thanksgiving travel. we are live in the windy city, where it already begins to lock down again. refi rush as urban dwellers flee covid and the big cities. mortgage rates are nearing all-time lows. at the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. he was right. he s about to tell you where rates will go next. it s his big 2021 prediction. the woman with goop on her hands. the venture capitalist who backed the super-hot retail site is here on whether the hollywood a-lister is ready to go public. first, we have a fox busin
meantime i want to go to blake burman on this back and forth so far how the cases are going because this is happening we have had back-to-back days of 30,000 cases reported in this country. something we have not seen since the beginning of may. to you, sir. reporter: neil, yes, the number of cases growing across the country. over here at the white house though they continue to be adamant in their view, according to public experts they talked to and listened to here there is not a second wave right now. the white house view at the current moment. though we are continuing to see the economic impact of covid-19 and what it is having all over the country in just about every pocket you look, the latest example in northwest arkansas because china has come out today and said it is not going to be buying poultry from tyson foods facilities in northwest arkansas. when you look at the numbers, neil, there is a reason why because according to that company there have been roughly 3700 em
s&p down 1.1%, and the russell down 1.05%. why? one main reason is china. china devaluing its currency. the dollar strengthening significantly. oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at $43. 2, down almost 4%. brent down almost 3%, gold up just a little bit as you see there about a half percent. mandy is out but sarah eisen who knows a lot about currencies and china is with us today. thank goodness you re here. i live for days like this, watching the dow and the impact of china spread across the globe. bob pisani, anything with any china or commodity exposure is getting pummeled. dow up 240 yesterday, down 240 now. it s a wasted week so far. put them up, materials energy and industrials to the downside. that s the big losers. some of the obvious names and their impact from china. we always talk about casinos, wynn 70% of revenues in china, and yum brands 50% of its revenue in china down 5%. those
busiest trading days of the year. volume ubl expected to surge in the final few moments of trading because the russell indexes go through their annual routine of adding and removing stocks. big russell rebalance. is there a way for you to invest in this big of mo laterve later today? jim yurio, we got three hours to go now. i guess you have to be a short-term trader to try to make money on the russell rebalance. should anyone even try? i think the answer is somewhat complicated. i think in years past there was probably money to be made on this day of the year. it is kind of like a high-stakes wall street version of the purge. probably $50 billion notional value of stocks will trade places. now the fact that schwab in march was telling its retail clients to buy some certain thams that were expected to be added to the russell, then potentially sell them off in june to me means that that end of it is probably a little bit played out. what i think is probably a better way to
what s the bottom line for housing prices? the usa? we mentioned at the top of the show we aret session lows but we are still moving higher with the possibility of a deal in greece hopefully in the cards. let s look at the numbers. the s&p 500 is currently up by six points and the rug sell 2000, the small caps is in the red. the 10-year yield currently sitting at 2.147%. the euro at $110.74, moving to the downside. in other words, dollar strength today. bob pisani is at the nyse. important thing is we re starting off the second half with two up trends very much intact and a down trend also very much intact. the important thing today. bank stocks continuing. remember they were big winners. the trend is up in interest rates. whenever you get a strong up trend in interest rates, banks usually move to the up side. this trend is now continuing into the third quarter. no new highs here but again every day you get a little bit of a move up in the banks. other up trend health c