Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year. 10year at 0. 664 . Andrew thank you, becky lets bring
We had a very big day today. Saying ourtart by love and prayers to every withcan continue, to be our fellow citizens who have lost a cherished friend or Family Member to the violence. Amidst our grief, we are making tremendous strides against this invisible enemy, thanks to our Aggressive Campaign against the virus and the extraordinary talent of our medical professionals. Our mortality rate remains roughly half of that of many other countries and one of the lowest of any country in the and that is due to a lot of things, but our medical professionals have been incredible. Since we announced our guidelines on opening up america, as we call it we say opening up america. I think we can add the word probably again. But that is what it is. We are opening up america again. 20 states, representing 40 of the population, have announced they are making plans and preparations to safely restart their economies in the very near future, so that is 20 states, roughly 40 of our country. Pretty quickl
Futures trade negative. Reporter hi. On the issue of the fourth stimulus bill and aid to state and low local governments any thought to proportionate for way too early to consider that. Waver we do well do on bipartisan basis. The president has listened to the governors. I have had the opportunity to be on multiple videoconference calls with the president and Vice President. Were reaching out to a lot of people. There is a lot of states that have been impacted but way too early to figure out that level of design. Reporter you mentioned a Large Company applies for one of these loans and they manipulate or works the system or works the loopholes to get it. What are some of the consequences to the Large Company trying to get one of these ppp loans . What can you do . You use the word manipulate. I will give people the benefit of the doubt. Well put up very clear guidance so that people understand what the certification is, what it means if youre a big company. Again, there is a provision
As. The back at the end more and more people around to melt are taking to the streets to protest the way corporations make products and behave in the market pick and ive never been to any of these protests. Since my childhood ive been striving for harmony. I had a happy childhood. I learned to be a good poet to be polite to avoid arguments and to tress well. It. But lately ive taken an interest in what an average consumer like myself can do to stop the destruction of nature by corporations to air within each just have to to write me. Thats why i decided to make this film. Together with cartoon hard to. Miss holmes. And cynicism and this is martin and i think that its. Top when has been hurting on the show sustainability for years to bring in some. 2 months not enough muscle. Its a constant. Shes the top expert in kareen washing this means that she recognizes when corporations are spreading disinformation to create a cream image for themselves on t. V. She levels Harsh Criticism the com
White house briefing. We will be monitoring that for any headlines as they come. Shares of the biggest banks, citigroup and bank of america, plunging today after disappointing Earnings Results revealing just how hard the pandemic is hitting them. Goldman shares ended the day up. Their portfolio took a big hit. Joining us now, sonali. Walk us through these big loan losses and why did banks do so poorly today . Sonali these loan losses are the number one reason we are seeing issues at the big banks. This might get worse in the coming quarter. Let uncertainty as what is making investors nervous. When you go to bank of america, they expect they are considering what a recession would look like into 2021. You are drawing out time frames that go well past a couple months that people expect the economy to be closed for. The banks are factoring in the reality that the American Consumer will not be able to spend as much and that there will be bad loans as people are not able to pay back all of t