The last few moments on this headline from larry kudlow, the president s top economic adviser saying that the president now wants to do a deal on stimulus lets go to washington and get filled in a little more. Scott, the president tweeted on the state of the discussions over another Coronavirus Relief package. He said that the negotiations are moving along he encourages the negotiators to go big this as you mentioned white house economic adviser larry kudlow saying that there has been a plan that president signed off on. It is relatively broad based now what we know is that House Speaker nancy pelosi and the treasury secretary are supposed to talk again sometime this afternoon. They had been in almost Constant Contact almost daily contact and we know that president said he is willing to go beyond ppp, direct checks and aid to the air Monica Lewinsky and do something bigger exactly how big . Thats what the negotiators will be talking about, im sure, during the phone call later on today.
Selloff, but stocks will open lower this morning. Disappointing housing numbers really not helping, the dows looking for a loss of 370 points. Thats quite a drop right there. S p down 58, nasdaq down 288. A lot of red ink on the lefthand side of the screen. By the way, 860,000 jobless claims this week, thats the lowest number since march the 14th. All right, there is a mask and vaccine fought. President trump saws well have 100,000 next doses. That will be super fast. The cdc says, hold on, youll have to wait until the middle of next year, and joe biden says he doesnt trust trump, he trusts science. College sports, yeah, making a comeback. Ncaa basketball returns in november, big ten football in october. And sally, ouch. That storm has dumped more than a foot of run in some pluses and, get this, a storm named teddy is forming. Could go up the eastern seaboard. Big show, of course. Aoc wants even more implements for the social u. S. Es. Fomo, fear of mussing out missing out, have Retail
Airlines tiktok bids moving walmart is now in the mix. Yes, walmart and that stock is up 5 . Microsoft up 2 . A record close watch for the s p 500. At least 59 minutes left of trade. Anything positive, jon, for s p and nasdaq as we go into positive territory with the new records . Once again. And coming up on todays show. Two key reads on the state of the recovery in america. Well speak with the heads of Regal Cinemas parent cineworld and ihg group about safety and demand in light of the pandemic. And counting down to big earnings after the bell, including dell, gap, hp and more well bring you all of those numbers as soon as they hit. Now straight to the big stories we are watching today. Mike santoli is tracking todays volatile Market Action Steve Liesman and Morgan Stanleys chuten aya are here. And ylon mui has details on the new rapid covid test and bank of america is calling it a gamechanger. Start us off were extending up into record territory a little bit erratic fashion the mark
When prompted, dial 10 to be added to the speaker line. The auto prompt will indicate the callers are entering the question and answer time and if you call in before comment is called, youll be added to the queue. When you are called for Public Comment, please mute the device youre listening to the meeting on. When yothe meeting is limited te minutes per speaker unless otherwise established by the presenting officer of the meeting and when your time is up, youll hear an alarm sound. Speaker are requested but not required to state your names. Please show the small office of business slide. Today we will start with a reminder that the Small Business commission is a public forum to voice your concerns about policies that affect the economic vitalities and Small Businesses in San Francisco. Our services are completely free of charge and before item one is called, i would like to thank Media Services and sf gov tv and a special thanks to jim smith for moderating or Public Comment line. Item
Alive. Thank you very much. Today a house subcommittee holds a hearing to examine security for the upcoming president ial election in november. Live coverage begins at 10 00 a. M. Eastern on cspan 3. Online at cspan. Org or listen live on the free cspan radio app. Talk about this morning as the negotiators on capitol hill continue with that pandemic relief package. Well hear more about that a little bit later this morning. But heres whats proposed so far. This is in the package at least the senate is debating, the socalled heals act, people who work for themselves and Small Businesses. They write the proposed act would also put aside 190 billion to create another round of paycheck loan program to provide Financial Assistance to struggling Small Businesses as well as independent contractors and the selfemployed. The government has already approved more than 5 million 5 million, excuse me, ppp loans worth nearly 500 billion in the Small Business loans program made available by the cares