New record. So theres hope. Sentiment mixed as Congress Faces a crucial week, folks. It needs to pass a spending bill to avoid a Government Shutdown on friday as well as billions and billions in coronavirus stimulus package to help struggling businesses and americans. Weve got up to the minute details. We are about to take you live to the white house. Meanwhile, college kids now protesting tuition costs, refusing to pay after being forced to learn online during the pandemic. The ceo of Online Education company and online textbook rental giant chegg is here on how this is all coming together when it comes to the actual focus that this company was created upon. Parents and students reducing the cost of higher education. As the year of the spac continuing, this video gamings goto payments processor is going public with the backing of billionaire bill foley. He joins us along with the ceo of pay safe coming live on to the Public Markets today. All right. Lets get to the senate floor, where
In line. All about antibodies. Astrazeneca strikes a deal with the u. S. Government and do downplays President Trumps treatment saying large studies are ongoing. A lot of earnings in the week ahead Bank Earnings first. Apples big phone launch and amazon prime day and the retail impact from that and what it is actually going to mean for the stocks that you own. Carl jim, this morning i heard you talking with andrew a moment ago. Growing sense is we keep an eye on stimulus talks that maybe the market really has focused on the front burner more talk about antibodies and were going to hear what len told cbs in a few minutes. If you didnt know, carl, and you read the research this morning its almost like they got in a room and they said you recommend facebook and you talk about amazon and its your job to talk about alphabet its a concerted effort not a National Conspiracy but a concerted effort to take up every one of those whether it be amazon prime and the big 5g day for apple. But you ta
The month higher for all three major averages. Again, we should say. But apple today not keeping investors away. The iphone giants earnings crushed it during the covid quarter. Apple hitting a new record high briefly, becoming the worlds Biggest Company after its stock split. We have a full recap of the tech titans earnings parade. It was Something Else. And one of the most widely followed economists on the planet is here to put this wacky final week of july into perspective. Mohammed elerian on the record evaporation of Second Quarter growth, what that means going forward. Plus, the Online Shopping boom creating another covid winner. Overstocks ceo Jonathan Johnson on his companys pandemic sales and nearly 1,000 pop in his stock since the start of this year. Plus, the latest on stimulus negotiations, President Trump is maybe campaigning in florida and charlie breaks it on a possible tiktok spinoff. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start t
The pandemic and lines they are shifting Rock Solid Companies are on dangerous footing and outfits are tightened emerging industries sometimes its hard to tell the difference and thats what happened today with the dow declining 78 and the nasdaqed wt a record close of. 95 let me explain the prism if you want to understand this market, the single most important fact is more covid cases are exploded back above 40,000 yesterday. Between 44,000 and 48,000 depending on your source and it really didnt matter to the averages so why the heck didnt the stock market go into a tail spin our country has hands down the worst response to this pandemic than any nation on earth with a few notable exceptions like rhode island, every level of government dropped the ball and not just the government. We keep dropping the ball with kr citize citizens, too. We dont believe some dont believe that this matters. Hey, listen, we dont have a lot of weapons against the virus lets use what we can do the pandemic i
Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still