In a couple more warm days to come as well. Nice clear skies above San Francisco really no fog and very minimal marine layer this morning that does result in dry conditions across the bay, another warm one and of course winds spreading across the region now red flag warnings for coastal spots in the peninsula up into the Santa Cruz Mountains all of the inland east bay and then those same areas of the north bay that we had been seeing them, upper elevations exposed to our highest wind gusts as much as 40 Miles Per Hour. Well gusts, mostly in a 10 to 20 Miles Per Hour range, relatively calm for parts of the bay this morning but look at where we are heading this afternoon wind speeds really start to increase areas like San Francisco oakland and hayward seeing gusts well into a 20 mile per hour range at times same for inland spots in those upper elevations as i mentioned prone to even higher gusts. Tomorrow thursday here on the map we are going to be seeing Even Stronger gusts likely conti
Higher . Apple, facebook. Pinterest is up 36 today. Take a moment to digest. Romaine they were so quiet on that. I purchase all my thoughts there. Vital farms, the ceo on earlier. Pinterest surging advertisers and users. One of the smaller tech companies. The Advertising Market is interesting to me. Are of the businesses advertising, some are not. If there is another downturn, do they advertise . Do they not . The chiefets get to Market Strategist at prudential. I want to get into the discussion with what we saw. Oing on with the dollar there are pockets that do better with the weaker dollar. Just taking a pullback, a breather. It helps financial conditions. You always hear it has not been networking well, but perhaps it will. The weaker dollar is good for emerging markets, commodity producers, those with heavy dollardenominated debt, the weaker dollar helps them, but the emerging markets if you look at the indexes, it is about china, 40 of any index. Anetheless, it should provide tail
Will not. He made maybe that will happen, maybe it will not. ,s you rightly mentioned francine, today the pandemic is again front and center. It is without question a different thursday than it was a week ago thursday, even two weeks ago. Once again the pandemic worldwide, and in selected states in america, really is front and center. Francine it certainly is, and that will be the main themes running through our program. Thats get to first word news with ritika gupta. Ritika good morning. A second wave of coronavirus cases is in the u. S. Texas reported its highest oneday total since the pandemic emerged, and a month into reported, florida 85 new cases, the most in a sevenday period. Still, surges cannot be linked to reopening. A powerful message from Federal Reserve chairman Jerome Powell, saying the central bank will keep pumping stimulus into the economy until the labor market is healed from the coronavirus pandemic. The fed is not even thinking about raising Interest Rates. Policym
A vote failed again and as new york becomes a epicenter of the outbreak in america, more states are taking strict measures to keep residents at home including michigan, massachusetts and louisiana. As we stand, the market is down 3. 4 on the s p 500. The dow is down 60 poin60 59 minutes left of the session weve got a huge lineup of guests coming up including the ceo of Quest Diagnostics to break down the latest on testing for the virus and former bank of america governor, mervy nn king he was governor of the bank of england during the financial crisis we are covering every angle of this crisis for you mike is tracking the mashlgt moves. Kayla has the latest on the stimulus bill. Steve liesman is covering the feds historic moves again today and meg is following the latest treatment developments mike, first to you on the market another big sell off despite another big fed intervention yes, definite ly a big sell off. Though i have to say the intentionty of it, i dont know if this is much
Ahead of his News Conference there later today. And samsung shares rise as the Company Beats on Quarterly Earnings. Memory chip prices finally begin to climb out of a persistent downturn. It is 8 00 a. M. Across the emirates, 12 00 midday in hong kong. This is bloomberg daybreak middle east. Im tracy alloway. The middle east never has a shortage of news that this morning with iran announcing a seriesf missile strikes on u. S. Bases in iraq, the First Response to the killing of general soleimani, as i mentioned. Reporters are on standby to walk us through the latest developments. What are we seeing in terms of the reaction from the u. S. . So far, u. S. Reaction has been muted. The u. S. Did not release numbers for casualties, and basically, they are still assessing. President trump says all is well. Basically saying so far all is good. Meantime, meanwhile, we are looking at a response from the iranians where the foreign minister kind of hinted there might be actually a deescalation bec