But is accused of turning a blind eye to egypts human rights record. And lives torn apart by war poverty and the pandemic and the urgent appeal for funds to help millions of children in the middle east and africa. The hope of imminent Vaccination Programs is doing little to reduce the devastating Global Impact of the coronavirus Record Numbers of people are now being admitted to hospital in the u. S. And tougher restrictions are coming to force around the world on monday more than 33000000 people in Southern California are in the San Joaquin Valley were hit with stay at home or does restaurants are close to in person dining and other places like hair and nail salons museums and playgrounds have been completely shot in germany the chancellor Angela Merkel has hinted that harsher regulations will be required she said existing measures of partial lockdown and social distancing rules wouldnt be sufficient to get the country through the winter and then theres been a 3rd wave of infections i
Goods this time from the eu. The big political story of the day, congresswoman alexandria ocasiocortez going after the Border Patrol during a visit to a migrant detention facility. Wait until you hear the shocking claims she is making about conditions there and you will also hear how Border Agents are responding. There is a lot going on this morning. Varney company starts right now. David nike pulling a special fourth of july sneaker featuring an early American Flag after Colin Kaepernick got involved in the whole situation. He reportedly told nike that the early American Flag on the shoe is offensive because of its connection to an era of slavery. Joining us is market watcher john layfield. John, is nike going too far with Political Correctness . Im not sure here. Like i kind of feel for nike here because they are trying to stay apolitical as crazy as that seems. They just pulled a product in china because the japanese designer had some ties to the hong kong protest as far as support.
Been if america had not had, as it does, an oil glut. It would have been a much bigger price spike. Thats the upside, i guess, of energy independence. Now, whats happening in oil has not had a negative impact on stocks. We are still looking at a gain for the dow, what, about 90 points, up about 34 on the nasdaq. Part of the dows gain is fueled by the Big Oil Companies which do well when oil prices rise. This tanker story is a big money story. We are all over it. And theres a lot going on. We will keep you in touch with it. Elsewhere, ah, Bernie Sanders outlines his definition of democratic socialism. We will break that down for you. Not literally. The president is setting the political world on fire. He says he would accept information on political opponents from Foreign Governments. Theres a shocker. Connecticut, can you believe this, they are in dire financial straits and they are raising taxes on everything. I mean everything. Varney company is about to begin. If foreigners, if russ
Hes cocky for a nineteen year old. Youre live in the cnn newsroom. Im jim acosta. There is a new deadline in the new back and forth of the indictment of president trump. The federal judge overseeing trumps Election Fraud case has responded to a court filing from special counsel jack smith that came in last night. Smith wants a protective order after trump posted this social media message late last night. It says, if you go after me, im coming after you. Smith wants the judge to limit trump and his legal team in terms of what they publicly discuss about the sensitive evidence in the case. And the judge has now given the trump team until 5 00 p. M. Monday to respond. Minutes ago, the judge denied a request from the Trump Lawyers to push back mondays deadline. Smith had called it an unnecessary delay. Joining us now to talk about this, jim schultz, a former Trump White House lawyer. Thanks very much for joining us. We appreciate it. Lets start with what the judge is saying. There is now a
This morning on Capitol Hill Bank regulators are testifying on climaterelated Financial Risks and Monetary Policy. They are appearing before the House Financial Services subcommittee. We will have live coverage here on cspan2 when that hearing gets underway. [inaudible conversations] the committee will come to order. Without objection of the chairs authorized to declare a recess at any time. This hearing is entitled climate risk are financial regulators politically independent . Without objection all members will have five legislative days within which to submit extremist materials to the chair for inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Federal regulators represented here today have coordinated to promulgate principles for managing climaterelated Financial Risks. The guidance and information requested by the regulators aligned with a 2021 executive order, efforts promoted by the Financial Stability Oversight Council. Chair yellow