2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
Market including jobs of the trumpet ministration are doing we will soon be in record territory all they want to discuss is couvade 90 you know for one side agree mr president lets discuss the u. S. Economy and our friends on wall street in fact just last week the Federal Reserve released its legal latest triennial study into consumer and Household Finances and according to Mint Press News the report found that quote millionaires and billionaires hold a remarkable 79. 2 percent of the United States Household Wealth 2 and then only 11. 9 percent of american households have at least 1000000. 00 in wealth to their name only 11 only 12 percent roughly but but what about wall street us that that magical mystical place that realm of power here in the United States well truth is wall street means. Very little to most americans as a political political reports that the reality is that the wealthiest one percent of americans own 50 percent of the value of stocks held by individual households an
Industry comes to life in los angeles every night. Dozens of women sells abilities on the streets many of them underage. Los Angeles Police reveal a taste of the daily challenge though if youre going to exploit a child here in los angeles there were going to come as you see officers going undercover as 6 workers and customers to fight 6 trade. Greetings and sell you take. All right the great leader yes u. S. President donald trump is finally back in the confines of his plush white house to wait out his bout with colbert 19 after leaving Walter Reed Hospital on monday thankfully his brand of Performance Art was on full display these last 2 days especially on monday night with not only the president claiming that maybe hes hes you know maybe actually. Took over 19 and that we shouldnt be afraid. But i didnt feel so good and 2 days ago i could have left 2 days ago 2 days ago it felt great like better than i have in a long time i said just recently better than 20 years ago dont let it domi
And in the german capital scuffles as police face off with left wing radicals who are resisting authorities attempts this morning to victim iconic squatters protest. One of the morning of money for russia this october the 9th from kevin owen here at the r. T. World news center with the latest for you for the next hour this morning thanks cheatin hope you can stick around to the 1st serious news the ongoing trouble in the go on a car about civilian casualties are mounting there as the conflict between as opposed and armenia over the disputed territory is still running hot with reports of victims and Property Damage on both sides and nothing is sacred in a time of war shelling devastated a historic cathedral in the region the church also instantly came under fire during the 1st. For over 30 years ago this time though 3 russian journalists got injured in the fray is one of the serious condition its one of the perils of reporting from a conflict zone of course weve got video to show you of
Especially on monday night with not only the president claiming that maybe hes hes you know maybe actually. Took over 19 and that we shouldnt be a frame. I didnt feel so good and 2 days ago i could have left 2 days ago today is going to feel great like better than i have in a long time i said use reason a better than 20 years ago dont let it dominate dont let it take over your lives yes coded take over our lives well you know what im sorry mr president but im pretty sure the families of the over 200000 u. S. Citizens who have died from this pandemic kept a pretty good reason to disagree with you but you see it wasnt just himself the dominated the President Trumps thoughts this week as he also pointed out on twitter that quote the Fake News Media refuses to discuss how good the economy and stock market including jobs of the trumpet ministration are doing we will soon be in record territory all they want to discuss is couvade 90 you know for one side agree mr president lets discuss the u