Busy tuesday ahead early today starts right now thank you for being with us. Im frances rivera. Im phillip mena. More than six months into this countrys battle with covid19 were still struggling to contain it, infections are nearing the 3 million mark in new orleans officials ran out of tests five minutes after opening. In phoenix people sat in their cars for eight hours and san antonio officials imposing limits on testing. More than 200 scientists are urging the World Health Organization to advise guidelines and acknowledge the virus can spread through the air indoors. Droplets stay airborne 12 minutes after someone stops speaking. Immigration and customs dealt a blow to international students, foreign students pursuing in the u. S. Must leave or risk deportation if their college has switched to online only courses. In florida, the education commissioner ordered all Public Schools to reopen next month following the guidance of Health Officials. In texas a Record Number of people flood
Political royal family early today starts right now good morning, the young undocumented immigrants known as dreamers got a bit of a relief from the Supreme Court in a surprise ruling, the court blocked them from shutting down a program that shielded thousands of young people from deportati deportation. But the white house could try again. Pete williams has this report. Reporter its the second surprising ruling this week are from a conservative Supreme Court. A big blow to President Trump and a huge victory for young people in the daca program. There was just enormous relief to shut down the confusion ask worry. You can come out of the shadows. Reporter president obama launched daca in 2012 with the stroke of a pen by executive order. Since then, 800,000 young people known as dreamers brought to the u. S. By their undocumented parents have been allowed to stay, go to school and get jobs. President trump could have shut it down the same way by executive order. Instead his Justice Depart
Nasdaq nosedived the worst day since march. The lesson things got too easy. Everything was working every sector, the airlines, oils, health care, cruise lines, transports, blanks, retail, tech until a few days ago, picking winners, you know what it was like it wasnt like shooting fish in a barrel, it was like machine gunning fish in a barrel when it getz that easy, when everyone thinks theyre smarter than warren buffett, you know youre in a real bruising. A genuine roll back, and sets back the neophytes who only knew when you buy a stock, it goes up that logic has now been debunked this has wiped out a good chunk of the geniuses who crowded into the airlines, betting they knew better than buffet after he dumped the whole group so what happens now . If theres all this money being managed by novices who only know how to chase momentum, is it safe to buy before those get blown out . Dont have you have to way until the Hedge Fund Guys who missed the whole rally, come on our air and say i t
As electric. One of teslas biggest goals straight ahead we start with the banks and the latest. Weve seen a flury of press conference from banks announcing plans for their dividends, one of those coming at a future date is wells fargo saying its third level will reduce from 51 cents a share, didnt mention what level it will reduce to, but that will come in with the announcement of july 14th earnings another company on the watch list for potential definitely dind watch is capital one with buffer of requirement of 5. 6 but no plan of what to do with its dividends in the press conference weve seen so far press release weve seen so far. Of the companies that have reaffirmed their dividends citi group Morgan Stanley golden Goldman Sachs bank of america. This based off the stress test last week. Jpmorgan have not issued a release yet. Not that weve seen, correct. Wells fargo started today up with an 8 yield so nobody thinks an 8 yield is what the ongoing yield is going to be for well to me t
Meanwhile, larry kudlow still sees a vshaped recovery, calling for 20 growth in the second half of this year. We have anarchy continuing in seattle. And the mayor there still calling it a block party and a summer of love. Meanwhile, the governor of tennessee says the same thing will not happen in nashville. Senator Marsha Blackburn from that state coming up on that. And new yorks andrew cuomo threatening to shut down manhattan again if social distancing guidelines are not followed and the city hasnt ever really reopened since it all began. Meanwhile, the Trump Campaign moves its tulsa rally to saturday, but there are still concerns about social distancing there as well. The Trump Campaign joining us in the 11 00 a. M. Hour. Big show ahead. Im david asman. Good to have you here on monday. Varney company starts right now. The Health Care Response at this point is as important as fiscal or Monetary Policy, and in particular, its critical based on my conversations with epidemiologists that