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Way to the indian border. Theres tangible issues. No question they are flexing their muscle right now. What i would notice in this market on a quiet wednesday, i know you will do the data check here. Publishing moments ago this bullish consumer view, and that was a game changer yesterday with the retail sales report. Jonathan we will catch up on the geopolitics a little later in the hour. Equity futures up 19 on the s p 500, focusing a move higher over the last several weeks, up by 0. 6 . Just surprise after positive surprise. The economic surprise index in the United States is absolutely flying. And it is at a record high searching higher after yesterdays retail sales beat. It was just an absolute trout. Today absolute trounce. Today i am going to be watching the u. S. May building and housing permits starts to get a taste of what we may expect. U. S. Loan purchase applications hit an 11 year high last week, so that should be some ....
Edward tom good morning. Wfh, as the jargon now, you work from home. When do we all get back to the office . We thank you for watching. A really interesting wednesday. There are a lot of political moments, theres international relations. In the market, im sorry. I started out this morning with on, and all much going now a bid to equities once more. Jonathan you the word crosscurrents. I think that is the right word this week. We have betterthanexpected data in the United States. I think the data right now is absolutely critical. The Federal Reserve has played a huge role in this market, and clearly that is exacerbating this, but the veracity comes from the betterthanexpected data. You have to say that this rally tracks that pretty well so far. Tom lisa abramowicz, what have you learned about the efficacious nature of fed policy . Is it helping right now . Lisa it is helping t ....
And a very good morning to you, thanks so much for joining us, im laura garcia. Im marcus washington. Mike keeping an eye on our commute for us and start with kerry hall with a look at the forecast. In the studio when you know its humid or hot outside its warmer in here and im already hot. Well, its going to be another really warm day. Were going to see more weather like we had yesterday and a few spots it will be a couple degrees but not by much. As we check out san jose and what were headed for this morning. Were starting out for some upper 50s and at noon already at 80 degrees which is our normal High Temperature and were going above that as we check out all the microclimates in the High Temperatures. Expected to reach 87 in the south bay and low to mid 90s in the inland east bay as well as the north bay. Well talk about whats ahead with a cooler and windy weekend ahea ....
Stock, especially with all that we have been seeing with that bad news this morning. Reporter well, thats exactly right. I think marcus thats because the markets was expecting and wall street was expecting this move and washington moved so quickly to fix it. Lets look at that number. The official number is 3, 283,000, the number of people filing for unemployment in the most recent week measured. That makes sense when you think about it. Of course, we expected that number. Look around you. The stores are closed. The restaurants are working at halfstaff. But the stimulus bill can ease that pain. Both sides got what they wanted. Democrats were able to get some supervision over some of the oversight of the money going to corporations. We got money to workers as well. Its going to be the Unemployment Benefits that are written into that bill that got expanded and extended that probably will help your family most. I know a lot of ....
Michael schade, who was visiting the island with his family. He said he was standing right on the summit of the volcano less than 20 minutes before it erupted but thankfully he was back on his boat when it did. The Boat Operator then helped rescue people from the island. Well keep you updated as we learn more. New at 11 00, a south bay neighborhood is concerned after some dangerous driving woke them from their sleep early this morning. And this is not the first time this has happened. People say they are just fed up. Nbc bay areas Marianne Favro live in san jose with the details. Marianne . Terry, it happened here early this morning at the base of Communications Hill, which you see here. And not only were neighbors frustrated because it woke them up in the middle of the night, but also because they say this has been ....