Economic downturn. Abuse claims affecting two Major College sports teams. Colorado state suspended football activities. Texas tech firing its Womens Basketball coach. What the universities are saying this morning. Crash investigation. Mangled wreckage littering the runway after an air india plane overshoots its landing. The plane splitting in two. Survivors telling their stories. Hold onto that kid and dramatic rescues. Strangers banding together to help a family trapped by rising floodwaters. Stay there. Come over slowly. How they got them to safety. One of the heros describing those harrowing moments this morning. Go mning, america. Were going to start with the latest on the pandemic. As the world nears 20 million coronavirus cases, deaths here in the u. S. Are increasing in 28 states and the puerto rico. Hospitalizations are up in 27 states, d. C. And puerto rico. With the race on to develop a vaccine, a gallop poll finds 65 of americans would get the vaccine if it were fda approved
The 50s and 60s. Warm sunshine this afternoon except for some beaches and then hot inland this afternooafternon hitting upper 70s to 80s and mid 60s in the evening. And we have slight changes in the 7day forecast coming. France is where covid deaths of exceeded 10,000. The states numbers have been inaccurate for a week because of a Testing Backlog in the hundreds of thousands. Our abc reporter has more on that glitz. California. Reporter a july 25th server outage and state certificate renewed ontime. The backlog between 250,000 and 300,000 records will be resolved, giving us a better sense of the total number of tests. Reporter California Health and Human Services secretary, dr. Mark galley admits most of the records are likely covid test samples, however, not all. Without a resolution, the metrics and percent positive remain unclear for counties across the state. Reporter what were getting is correct but were not getting all of it. Reporter Santa Clara County officer says its business
The hospital fed chair jay powell told congress more stimulus may be necessary. A moment ago, looking at the dow futures. Up by about 67 or 70 points. S p up by 10. 50 and nasdaq up by 152. 10year at 0. 743 below yesterdays close. We have a huge line up again today. Amazing. Former Economic Advisor to president Obama Joining us about an op ed hes just penned. General motors Ceo Mary Barra with us. Investor Glenn Hutchens and Dallas Mavericks owner and netflix cofounder and ceo of netflix with Important News to share this morning some stocks to watch you might keep an eye on ar call revenue was a little short results would have been better but customers in hard hit areas postponed purchases including hospitality, retail and transportation clients shares of groupon reported a First Quarter loss that wasnt as bad as expected saying it was challenging, people turned to discounts on Warehouse Club members, flour delivery and e learning. I was willing to send some flowers. We waited up late
Over its handling of the pandemic. Sweden staff told jumps again with 170 people dying in 24 hours suggesting its relaxed approach may not be working. And the big win for ruling party in south koreas election which saw high turnout despite the coronavirus. Less than 24 hours after u. S. President donald trump announced that he was Holding Funding to the World Health Organization the number of coronavirus deaths across the United States has passed 30000 thats according to a tally by the voters News Agency New York and new jersey alone account for more than half of those deaths residents there have been told to prepare for a new normal when their economies are eventually reopened new york state Governor Andrew Cuomo says people will be ordered to wear masks when a safe distance cannot be maintained. Well the head of the w. H. O. Says he regrets Donald Trumps decision to suspend its funding over the w. H. O. His handling of the corona virus pandemic heteros then yesus says the w. H. O. Is
Next for oil stocks kiging off in the red theres more than 750 cases 5 750,000, i beg your par doon well talk about that and more as we kick off this hour we kick it off with the markets in terms of Stocks Holding steady as energy is in a free fall. Its the story of the day. It will be the story of this hour lets get to bob with the set up for these markets. Bob. The important thing is we are well off of the lows. Industrials weak Consumer Staples are weak. Were not getting any bounce at all from those defensive plays that done so well for us in the last several weeks like proctor, cocacola. Not much energy there today. One good piece of news, the banks after a rather rough week, the etf bouncing about 6 from its high to low. The key regional banks are trading up most of them were trading to the down side. Finally, just on oil, had a lot of inquiries about uso and all these oil efts want to remind every one they own oil futures. Either the front month in the case of uso they tend to ro