>> very good morning and welcome to "daybreak: australia." i'm haidi stroud-watts in sydney. >> i'm sophie kamaruddin. we are counting down to the major market open. >> i'm kathleen hays. the top stories this hour. >> u.s. stocks hit a record. a cyclicals leading the gain ahead of a crucial jobs report. haidi: foreign investors.

we had 190 flights countered at newark. -- canceled at newark. i mention subway service was largely suspended. amtrak train service. two east coast cities also suspended for the last 24 hours. 20 people reported dead in new york. in new jersey, a state of emergency and a tornado cited. the death toll climbing to 23. president biden has stated the white house is working around-the-clock to respond to the damage from ida. that also includes opening the strategic reserves. he's interested in keeping gas flowing up and down the northeast coast. also, gas prices from skyrocketing. haidi: we saw oil futures in new york trading higher, closing near $70 for the first time in a month.