Defer paying their income tax and we expanded tax refunds, very substantially. Thanks to our efforts and incredible resilience much our nations Small Businesses, and i really think we can add the foundation that we built. We built the greatest economy ever built. And that foundation was so strong, instead of coming weekly back, or going in the other direction, because this is coming back and we havent totally succeeded yet. We will soon, but we havent killed all of the virus yet. And yet you look at these numbers. That is based on a very Strong Foundation we built, a Foundation Like no other, a foundation had we not been attacked by this virus, this horrible virus we were doing things and had things planned that nobody else had ever even thought of. Paying off debt, building numbers, the likes of which nobody has seen. And yet next year well be in a position where i believe in a certain respect i think well even be stronger than we would have been because of what were doing but only th
S p 30,038 russell out performing everything today lets begin our conversation, joe. Really want to use these last days of june to discussion where the money is going to be made in the next six months. First half is going to be in the books in a couple of days. Its been a turbulent one. We know that what do you think is in store for the next six lets talk about the last couple of days so we can look toward the final six months. A lot of complexity here first of all, you have the russell rebalance. You have a 10 decline in the last five days for facebook and the immediate question for me is does that have an impact on the Technology Sector. If i look at the sectors, technology is the only leading sector in the month of june. Are we going to get weakness here out of the Technology Sector i think that extrapolates further to more weakness throughout the summer for technology and there in lies your opportunity to take advantage of that orrection. How about the performance for the emerging
I come face to face with a lot of behinds. So i know theres a big need for gasx maximum strength. It works fast. Relieving pressure, bloating, and discomfort before you know it. So no one needs to know youve got gas. Gasx fire officials in arizona say a wildfire that broke out in north phoenix on tuesday is now about 50 contained, and residents who were evacuated can now return home. But the fire danger is not over. Forecasters warn more scorching weather fueled by wind is on tap for arizona and california. Turning now to the crackdown on illegal fireworks across this country. Take a look at this scare ohio moment in the bronx, new york. A 3yearold was struck by a firework that came through his window. He suffered burns and needed stitches to his head. Abcs eva pilgrim reports on how cities are combating the problem. Reporter as soon as the sun sets, its a firework freeforall. Local officials from coast to coast are cracking down on an apparent firework boom out of a growing concern fo
Jerome powells chairman testimony tomorrow what he will tell the House Financial Services committee. Just released a more upbeat tone than he was in his last appearance before congress. He is going to say the Second Quarter gdp is largest drop in history. The coronavirus was met with swift action, swift and Decisive Action by both congress and the Federal Reserve. He will say because of that action he believes longterm damage to the economy may have been limited. Now powell welcomes a bounceback in Economic Activity he has been seeing. He says though the path forward remains uncertainty and a full recovery will be unlikely until people feel confident that the coronavirus has been contained and it is safe to go outside. Now he says Interest Rates will remain near zero until they are confident the Federal Reserve is confident that the economy has recovered. He says, the Federal Reserve will use their full range of tools in order to support the economy. Were looking at low Interest Rates
Ted koppel will remind us in our cover story. I talk about the chinese virus. You might think that the Chinese Government chinas coverup. Has had enough of President Trump. Think again. There is actually some people who are saying mr. Trump is a godsend to china because he is helping to destroy the image of the United States. The actions and rhetoric from the american president have been distressing. What is undeniable is that President Trump has changed th what is undeniable is that the President Trump has changed the image of the United States, for better, for worse . Well hear from friends and adversaries around the world, coming up on sunday morning. Pauley day after day, despite the coronavirus shutdown, broadway theaters are keeping their lights on, this sunday in particular. As mo rocca will show us. On what would have been ton on what would have been tony sunday, broadway is quiet. The seats empty, but every stage on the great white way is still illuminated by something called