Is to open schools safely, but the speech comes at a time where she is the focus of controversy. This morning folks are weighing in. And that includes those in washington President Trump expressing in a series of strongly worded tweets that he thinks the move of visiting a salon was an act of hypocrisy and highlighting how the speaker is seen in a closed salon without one. And trump wasnt the only republican congressman. Kevin mccarthy sent this tweet saying americans have shuttered businesses and done everything to survive the virus. But nancy pelosi thinks she deserves special treatment. And trump 2020 Senior Adviser steve cortes said marie antoinete pelosi wants you to wear a mask everywhere and wants your business to be closed. In that video you can see Speaker Pelosi wearing a cape and Walking Around with a mask down. The video of the speaker with wet hair inside of a San Francisco salon first surfaced just a few hours after dozens of salon owners, barbers and aestheticians gather
Action from jay powell call it a pandemic breakthrough, the fda clears a near instant testing kit that could change the tide in washington, d. C. , lawmakers looking to make a deal over a skinny stimulus package. It is thursday, august 27, 2020 you are watching Worldwide Exchange on cnbc. Top of the morning to you. Im Brian Chu Dominic chu in Brian Sullivan this morning. S p lower by about two points, the nasdaq off by about six. Monitor day for the nasdaq yesterday. Coming off fresh alltime highs. The dow did end higher yesterday and is now less than 1 away from the break even level for 2020 that is 28,539 digging deeper, it is not just the big names keeping the rally alive. Looking at the semiconductors, both of those coming off intraday alltime highs. Up more than 2 this week alone. Cloud computing getting a boost. Three etfs tracking the space. Coming off the fresh high with a huge move, a massive move. Salesforce goes into the dow next week. That stock higher by 26 for its second
Llg ndrainti, President Trumps leadership during the pandemic that has killed nearly 180,000 americans as the president gets set to close out the Republican National convention tonight. Overnight authorities reveal the identity of the officer who shot jacob blake in the back and a new report there may have been a knife in blakes car. Also Police Arrested a 17yearold accused of the Fatal Shooting of those protesters. Sports on strike. The nba playoffs shut down by players, demanding justice over the Police Shooting of jacob blake. Lebron and the lakers reportedly voting to end the season. Protests in the wnba, soccer and mat me t wide world ofports . President Trumps Administration accused of pressuring the cdc to stop testing asy. Dr. Anthony fauci not signing off on these new guidelines. What the white house is saying this morning and why men might be more susceptible to the virus than women. Dr. Jha joins us live. Plus, baby daisy is here. Cover me in daisies, daisies, daisies report
Out what the Federal Reserve is going to do to rev up the economy. Big speech coming from chairman powell. Odds are hes going to talk about inflation. He wants more of it. If thats correct, hell be printing a lot of money. Literally seven minutes from now make that nine or ten minutes from now, we will be allowed to give you the official word. And, by the way, thats what the markets waiting for. The dow jones average is coming off the dow is going to be down about 22 points, roughly that way. Lets see what happens when we get the feds announcement. The s p, thats coming off its 18th alltime high. Down a couple of points at the moment. The nasdaq is coming off its 38th alltime high. We did receive news of just over one million new jobless benefit claims last week, no noticeable impact on the market on that. That market, the investors, theyre really waiting for the fed. Five big tech stocks, theyre coming off record highs. Here they are this morning, premarket. Apple is up some more, but
Saidid aa oint femo starthase t. An annnc fm llyfie, abc7 news. Happening today, governor gavin newsom will release his revised state Budget Proposal to balance a shortfall caused by this pandemic. His revised plan will include more than 200 million to increase the states firefighting efforts. That will be used to manage a surge in wildfires and hire 600 new additional firefigters. Newsom will have to decide what will be cut. Some state lawmakers areern waing against cuts to education and others are suggesting a statewide tax increase. California does have at least 16 billion in its rainy day fund. You can watch the governors briefing at noon live right here on abcden 7. Your health, your childrens emgication, the changing workplace and the economy. These are all areas that abc7 news is committed to covering in the effort to build a better bay area. As we see progress in reopening the bay area, we know well have to adapt to a much different world. The question that is weighing on paren