It is not over. It is just beginning the days are long right now. We are going to take that. Im becky quick along with joe kernen and Andrew Ross Sorkin. We are sitting at the flat line. Dow down about 7 or 8 and nasdaq up by about 13 yesterday, the dow was down 710 points a decline of 2. 7 s p off 2. 6. Came with huge steep declines going as smoothly as people had hoped. All of those concerns added up to steep losses. Looking at the treasury yield at 0. 669 now you see additional pressure as we continue to watch that case count talking about that, the United States seeing a Record Number of new coronavirus cases in a single day. Tallyi tallying 45,000300 that tops the numbers from april reporting that visitors that travel from hot spots to new york, new jersey to connecticut will be asked to quarantine two weeks. Those who defy that order. Hot spots include arizona, utah, texas, arkansas, alabama, north and South Carolina President Trump says he will not follow the quarantine order wh
Yielding around where it had been. 8 is roughly the mark weve been sitting at. It looks like the 10year is yielding as well i know people are short and anxious. These two days backtoback are we putting in a bottom these numbers in new york look promising like the numbers may not be going up as rapidly as imagined well see. We have a lot of big guests to talk about that. We want to get everybody up to date about what happened last night. The Senate Passing that stimulus bill it now goes to the senate. Steve liesman will cover the potential impact on the economy. First, well go to washington, d. C. Where eamon javers is this morning. I cant think of another major vote that was this unanimous, 960. It would have been even more if it hadnt been for the fact that so many members of congress are back home or suffering themselves from this virus we could of seen a 1000 vote yesterday. Buts that where it handed. What is in the bill . Just about something for everybody in the economy lets whip
Of one of the worlds biggest banks leaving after less than two years on the job it is a busy monday, august 5th, 2019 Worldwide Exchange begins right now. Good morning good afternoon good evening welcome from wherever you are watching i am brian sullivan. We have breaking news with regard to chinas currency it is sinking in a big way the chinese yuan traded offshore is now sliding below 7 to the u. S. Dollar. That is a threshold thats not been breached in more than a decade tough go to 2008 and the financial crisis now, as that currency falls, remember, what does it do . It makes chinese exports less expensi expensive, which some say could mitigate any positive impact from the u. S. Tariffs. Analysts are quick to note, china could retaliate more against President Trumps tariffs by further devaluing the currency you can see where it is 7. 08 this is a fouryear chart. Remember, it is inverted as that goes up, thats the dollar against chinas currency. Thats a weakening of china. Look at t
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Appears to be coming to an end. Remaining protesters agreed to federal auauorities to surrender but that hasnt happened. This came after officers surrounded the wildlife refuge they took over on january 2. When the surrender happens the protesters will leave their weapons and turn themselves in one by one. The cbs 2 news will continue to follow this story here and on our website cbs2iowa. Com. We continue to follow developments in the drowning of erikson. A Missouri State trooper is being arraigned for the mans death. Lake of e ozarks in may 2014. Elingson was wearing handcuffs when he fell out of piercys patrol boat and died. Piercy is charged with Involuntary Manslaughter and faces sevenears in jail if hes cvicted. The race for the white house manslaughter and faces seven years in jail if convicted. The race for the white house moves to wisconsin where sanders and clton wi square off on the debate stage. Sanders is coming off a blow hampshire primary but clinton is getting a boost to