Results. We will get congressional insight all morning long. We will hear from georgia congressman earl buddy and connecticut senator rand paul. Loss of 100 points on dow futures. Markets extending slump from yesterday as more lockdowns and the threat of them offset positive news on vaccines. Its also been a big week for retails, bjs and macys reporting this morning all the numbers as soon as they hit the tape. Working from home may not save you money. Why paying a new tax while working remotely. A little holiday decorating can carry you through some tough times making a buzz this morning. Mornings with maria is live right now. Dagen european markets feeling the sting of more lockdowns, red across the board in france, england and germany, all down about 1 . Mixed story in asia overnight with fractional moves there. Kospi and south korea shanghai to the plus side. Cheryl casone has all the news that you need right now, good morning, cheryl. Cheryl good morning to you, dagen. United stat
Conquered, youre at 39 dublin at 37 while oakland, a cool 45 degrees or north bay temperatures are really the cool spots fairfield at 35 degrees will santa rosa at 36 degrees. This is a big cool down from the same time yesterday nevado down 11 degrees from the same time 24 hours ago, so it looks beautiful, but it feels quite crisp out there. Id recommend putting that jacket on before you step outside this morning. And then you get to look forward to some slightly warmer temperatures later on today as far as your travel goes this morning on into work it looks like roadways are all right. But bart thats been whats causing us issues absolutely theyre struggling to recover jon so bart is our hot spot. We had a couple of Different Things going on so we have some equipment problems that cause major delays on the else Real Del Norte a line was along that stretch been impacted trains heading to bury and millbrae they are recovering so they fix the equipment issues are working to get the trains
Into Consumer Credit. Jp morgan encouraged creditors to pay down their credit card bills. That fargo pointed out they missed the lowest level in five years. The optimism about the consumer can also be seen in the Housing Market as home sales are the highest in 14 years. Record low Mortgage Rates. Enticing buyers into the market but not all buyers. Highend home sales have made the largest jump since 2013 but sales on midprice homes declined modestly. Affordable purchases are actually declining. Is totally unequal. We are seeing some sort of progress in credit. Joe this downturn or whatever are calling it, that step statistic you decided about the number of credit, all of these companies, all of these banks saying that the credit provisions are not as bad, we see deleveraging right there. Credit card balances, that white line coming in sharp. Even as available credit continues to rise. This is not what you typically expect to see. It is interesting. We got quite a few of the Bank Earning
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
Way through this morning, its because of fog and then of course because of this wildfire smoke also away from it for just a can get the full picture. The deep deep red right there we havent had that on the map yet weve had consecutive air quality days spare the air alert days that have set records and this is the worst yet so thats saying something where getting used to bad air but this is exceptionally bad north bay, coastal areas, peninsula and all of the east bay lit up in that deep red indicating the worst of conditions not just in the bay, but really the world this morning now why our conditions so bad in only were sitting across the bay area. Well the smoke that weve had from her California Wildfires is only sinking deeper. Now we also have smoke from oregon fires making its where direction. This was days ago on wednesday, you can see how that wildfire smoke from oregon was being pushed offshore out into the pacific will 10 a couple days to settle down now and now that we are loo