Could be a fullcourt press at least on the administrations part working through the coronavirus folks saying look, the worst of this could be behind us. That is one of the reasons why the president has been stipulating, he thinks all kids in this country should go back to school in the fall. That has earned him the wrath of Governor Andrew Cuomo who is also addressing reporters right now saying what about the kids, are you thinking of the welfare of the kids . The back and forth goes on and on. Speaking of governor cuomo, sometimes around august 1st, august 7th, he will have a financial decision on status of schools, whether they reopen in the empire state or do it on a tiered basis. Some do, some dont. Could add likely to parents confusion to all of this. Edward lawrence is monitoring all of these developments. Edward, what do you have right now . Reporter neil, the Coronavirus Task force is still briefing at this hour. In fact right now. What the vice has come out and said he is enco
Peter navarro meant to say on fox last night. There was a little confusion. I think that he was pretty definitive to say it was dead, the president was pretty definitive in saying the trade deal is on who would ever think that this would happen, good news out of europe, pmis are strong, they are inflating things in their economy like we are. I also think there might have been a short squeeze those of us who watched when navarro said what he said the market plummeted and i think overnight traders said its going to open down badly im going to get short and they got whipsawed because you didnt think navarro could be reversed as quickly as he was given the fact he is a close confidant of the president. Almost exactly what art cashin is saying this morning. Whipsaw resulted in a good deal of short covering. He says the bulls may now reassert control he says they need to take the dow up by more than 450. The bulls are when you watch the market ahead of time you see so many stocks going up fo
Abc7 news anchor liz kreutz is live now to give us the big picture perspective of what this means. Liz . Hi, kristen. Weve been talking a lot about our local businesses and how theyre doing, but these numbers out today give a really big picture look at the overall toll retail is taking right now because of this pandemic. We spoke to the president of mountain hardwear based in richmond to get his take on what all of this means moving forward. Weve all seen it, the crazy online discounts. 80 off ann taylor, 60 off j crew, macys. While it might sound nice, something detrimental is happening to the retail business. But just how bad it is . What is the state of the Retail Industry right now . Its at a stand still. The president of richmondbased mountain happ hardwear. Despite Curbside Pickup beginning this week in the bay area, even at places like rei which sales their products, he says he is not holding his breath. I dont see that changing anything significantly. I dont think consumers eve
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs
Fortyyear rivalry that unraveled culture, religion and dollective memory in the middle east. I have to say i spend the weekend reading it. I couldnt put it down it was so interesting. If you havent read it after thisis evening im sure you will try to get it if you havent already. I would urge you to to read it. It is fascinating, very well researched and i that there is a narrative flow to it and it is very troubling i have to say that that is the purpose of the book i think. I would like to announce unfortunately our event in two days with ambassador dennis ross was another expert in the middle east is unable to come to the collegcollege station. He had a family emergency and so the lecture will be postponed until later. Kim ghattas is an Emmy Awardwinning journalist who covered the middle east for 20 years for bbc financial times. She reported from iraq, saudi arabia, syria, lebanon and the war between israel and hezbollah earning an emmy for International News coverage. Shes also re