59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
Areas. We have done an incredible job. But had a lot of outbreaks, they will put them out. The hospitalization rate has fallen in our country, 54 since the peak in april, 54 . Older americans are still the most vulnerable. 92 of deaths are among those 55 and older. Only 2. 7 of deaths have occurred among those 44 years think of that, 44 years and younger, so 44 years old and younger. We are hearing from president donald trump, speaking at the white house, notably saying the u. S. Will use a snapback mechanism for further u. S. Sanctions on iran, saint mike pompeo will notify the united saying mike pompeo will notify the united nations. Controversial, given this statement is being made by the Security Council rejecting washingtons attempt to extend the arms embargo against iran. That snapback mechanism is the contested argument around the 2015 nuclear deal, despite President Trump withdrawing the u. S. From that deal, and can therefore force the return to sanctions if it is seen as a vi
Someone thought there was a method to this madness we are back on the first floor you should watch this show just to see what goes on on times square take my word for it, there is stuff that goes on out there you dont want to miss you got to be 18 for some of this stuff we are ready to go. Brand new set. It is good to be here. We thank everyone for the love beautiful coloring and lights nothing was spared in terms of money for this. Look at this it looks like we are going to take off here. An elon musk designed set. We have that Federal Reserve Board Meeting coming up. Well hear that decision in a couple of hours. In the meantime, you are watching the futures dow indicated up by about 14 points nasdaq by about one point. Nasdaq up about one point. We touched a high yesterday and gave it back a little bit. Still looking at the s p a couple of points off the alltime high. Dow futures indicated up by 16 looking at the treasury market, still looking at the 10year yielding up to 1. 83 somet
Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatility returning with a vengeance to the Mainland China stock markets. Equities plunging more than 8 . The biggest oneday drop in more than eight years on signs beijing might be backing away from supporting the markets. Concerns over Economic Health soured sentiment further. Data show chinas industrial firms dropped 3 from a year earlier reversing a. 6 rise in may. Index heavyweights including china u
That has turned the breeze more northwesterly. No wonder it is so cold, cool this morning. Youre looking at 18,000 feet, 500 millibar map from the morning run of the forecast. There is a closed lull circulation right over Mendocino County. That will do it. Temperatures are off double digits compared to yesterday at this time. Santa rosa, 17. Fairfield, 10. Livermore, 14. Mountain view, 10. 21 degrees cooler at the napa airport than it was at this time yesterday. Thats a huge difference. Watch as you go to a more north northwest wind. Theres the low. Were on the drier side. Some of that low cloud deck, watch out it could be thick around the santa cruz and monterey area. There are a few 30s popping up. Occidental now at 36 degrees. Low 40s in pet loom a up towards kelseyville and lake port, they have 30s. Oakland wind has turned north. You get a good idea of the low circulation right there as it drops in. It will keep us very cool today with maybe a few showers to the north. Highs today