Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Cases. Can the bulls hold on all winter . Amazon shaking up the Prescription Drug business with the launch of amazon pharmacy e and a lot more investors will be adding tesla to their portfolio when electric Vehicle Company joins the s p 500 in december. Can tesla maintain its dominance . My colleagues, ben levisohn, carlton english and jack howe. So, ben, interesting market this week. The dow and the s p were down ever so slightly, the nasdaq and small caps were up. What are traders looking at . Well, it was interesting, its a week that felt like it should have been a really down pretty hard. We had the treasury ending some programs that the fed has to support the economy, we had bad data the, retail sales disappointing, jobless claims, manufacturing surveys were disappointing and, of course, theres covid which continues to spread a around the country, cuff fews being imposed, new York City Schools going to remote learning. It looks really bad, except the dow finished down 0. 7, the s
Cases. Can the bulls hold on all winter . Amazon shaking up the Prescription Drug business with the launch of amazon pharmacy e and a lot more investors will be adding tesla to their portfolio when electric Vehicle Company joins the s p 500 in december. Can tesla maintain its dominance . My colleagues, ben levisohn, carlton english and jack howe. So, ben, interesting market this week. The dow and the s p were down ever so slightly, the nasdaq and small caps were up. What are traders looking at . Well, it was interesting, its a week that felt like it should have been a really down pretty hard. We had the treasury ending some programs that the fed has to support the economy, we had bad data the, retail sales disappointing, jobless claims, manufacturing surveys were disappointing and, of course, theres covid which continues to spread a around the country, cuff fews being imposed, new York City Schools going to remote learning. It looks really bad, except the dow finished down 0. 7, the s
Advisory. For the bay bridge that chp issued a really early this morning, it still stands. But the good news is not a lot of traffic in your way though if you are going to be heading into downtown San Francisco. In fact a look at the drive time much improved as we kick off this 9 oclock hour 10 minutes for your westbound 80 drive out of the macarthur maze across the upper deck and into downtown to the fremont street accident. The san mateo bridge improving here as less folks on the roads and that we saw the last hour a 13 minute drive time. No issues on the flat section the high rise looks good and its going to be a a really nice drive off or youre westbound 92 right over to that 1, 1, connector in foster city. Ill check the richmond sandra fell bridge and the golden gate in just a couple minutes back to the news. Thanks a lot 9 oh one the big story most of the bay area is going into big lockdown tonight you can see San Francisco contra costa alameda and santa clara counties. Those all
Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate