Town halls. Who came out on top . I will ask. Also coming up, pfizer announcing it will hopefully be able to move forward with its vaccine next month as americans try to hold out hope. We have the very latest on the trials and how they impact the investing. Of course, its all about your bottom line. We will talk about that at the bottom of the hour. All that and so much more on making money. Charles all right, folks. The markets bolted out of the gate initially powered by higher than expected retail sales through september. Huge number, crushing wall street. In fact, overall, up 1. 9 . The street was looking for up. 7 . More than 300 more above the 0. 4 in consensus and the control group which goes into the gdp report, up 1. 4 . Department stores, they saw a huge rebound, clothing popped as well. Even the internet, its interesting, though, because it had a more pedestrian move. Meanwhile, restaurants, they picked up really nicely as Grocery Stores seemed to have plateaued. Auto sales w
By 33 , meaning that the recover may still be far off. What does it mean for investors, businesses and families in this country . Ahead of blockbuster earnings for the Biggest Companies in the world. That is coming up after the bell. After the grilling of the bilge tech ceos we have preview of the tech names. As you can see on the screen, a lot green and more on making money. Cheryl it has been a really interesting session since news on gdp, initial jobless claims crossed tape before the bell. Stocks are mixed. Were off session lows. Were waiting on the four Big Technology companies to report their Quarterly Earnings after the bell. You had the ceos yesterday. Well get the numbers today. Those ceos testified, you saw it here on this program on capitol hill. It was a heated hearing. A lot of allegations were thrown out against the four top ceos. Well bring in susan li who has preview of earning and some of the fallout from yesterday. Susan there were no punches landed. It didnt further
It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
I would not be surprised if we were seeing a 1 down move. Futures lower earlier. Silver higher. Stocks might not be doing much but some of the frothy money seems to be going to the precious metals. Silver up a fourth day in a row. Not surprisingly the dollar down for a fourth day is helping. Itll be interesting to see whether than the dollar index can hold on. A sleepy summer day. Tesla will be reporting after the bell. David except for silver. Abigail is focused on the silver question. Thanks to that report on the markets. A breaking headline the bloomberg. The chump the Trump Administration are reportedly weighing in interim unemployment deal that may extend the Unemployment Benefits even if they cannot get the stimulus deal done. Well be talking with republican senator from ohio they are in the program. We will ask him about that. In the meantime one of the biggest questions facing the country is how and when to open our school system. We want to talk to the leader of one of the Lar
Lists all domestic lockdown restrictions. Im phil gal welcome to the program we begin in the United States where thousands of people have begun paying the last respects to george floyd in Houston Texas is the floyd is the unarmed black man whose death in Police Custody in minneapolis sparked global protests a 6 hour public viewing of the coffin is taking place at the fountain of praise church in houston where he was raised and where he lived before moving to minneapolis several years ago the funeral will be held on tuesday. Well calls for Police Reform in the u. S. Are gaining momentum in the way of George Floyds death several u. S. Cities saw mass rallies over the weekend with demonstrators demanding an end to police bias and their use of Excessive Force which is too often turned deadly. 2 weeks on from George Floyds killing they still come to grieve not only for him but for the searing injustices that plagued their nation. We wont change 6 time has not quelled their anger in minneapo