Californias new reopening rule. And we know the nations meat supply has taken a terrible blow from covid19 but what about the Fruit Industry . Berry picking season is upon us, and the president of driscolls berries is here on how the outbreak changed his farmtotable supply chain and we have a very special Family Affair in this hour, gastrointestinal gastrointestinal it gas Charlie Gasparino and ir joined by the real stars, and the top Infectious Disease expert and charlies brother dr. Jamesgaspa rino is in the thick of the covid storm and in a very special interview with charlie and me they will both share their knowledge and stories from the frontline and the global battle against the deadly coronavirus and well ask which drugs and therapies work and which didnt and when do they think its safe for all of us to return to the workplace with less than an hour to the closing bell on this friday lets start the claman countdown. Liz and speaking of drugs and therapies we have this breaking
President trump tweeting about Jerome Powell again following the fed chairs comments the last hour. Morgan, the president continues to tweet in realtime im reading some of these tweets for the very first time. I can tell you, just a second ago, i was in the west wing and saw Peter Navarro and Robert Lighthizer, just standing just outside of the oval office, presumably set to go in and meet with the president to talk about this chinese retaliation this morning. They didnt talk to me, so i dont know exactly what theyre up to there, but they are within feet of the oval office as of a couple of seconds ago. So the president tweeting, within the past couple of seconds about china, responding here, saying, our country has lost, stupidly, trillions of dollars with china over many years. They have stolen our intellectual property at a rate of hundreds of billions of dollars a year and they want to continue i wont let that happen. We dont need china and frankly would be far better off without t
Not spooked by anything happening at Federal Reserve and dow, nasdaq and s p at records at the moment after the Federal Reserve held rates stead i did for fifth meeting in the row and fed chair Jerome Powell answering questions for reporters. Lets go back there live. Early parts of the Pandemic Recovery have mostly been resolved. Youre seeing high job growth, youre seeing big increases in supply. Youre seeing strong wage growth but wage growth is gradually moderating down to more sustainable levels in many, many respects and the things are returning more to their state in 2019, which we can think of normal for this purpose. Thats job openings and quits and surveys of workers and businesses are interesting on this and how tight is the how easy to find a job and how easy it is to find a worker. Those have both those surveys have both come down. The labor market is in good shape. You know, you do see things like the low hiring rate. And people made the argument that if layoffs were to inc
59 minutes heft to trade, folks, stocks on fire day two. Look at the dow jones industrials. Not even at the highs of the session, right now up 291 points. Had been up 376. Nonetheless, when you put these two days together, yesterday and today, youre looking at 690 points of gains. S p jumping 18 points. Weve got the nasdaq up 36. Earlier though, so were definitely coming off the boil here. The nasdaq had been up 169. Russell 2000, the percentage winner, once again up 1. 25 or 26 points. But we begin with breaking news and kind of dueling headlines here. Apple and the reddit ipo. As we kick off the final hour of trade, i need you to looked at apple. A major lawsuit by the department of justice and 16 astronaut attorneys general slapped state attorneys general slapped on apple is dunking shares of the iphone maker all the way to the bottom of the dows barrel, down 4. 25. The stock the is tanking 4. 25 . Merrick garland announced the Consumer Electronics behemoth has allegedly violated fe
Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten points. Economists expected 15point cut. The economists expected a 15basis point rate cut to the fiveyear prime rate. Major indices in china were down across the board. Palo alto here for liesmaniacs want to talk about the fed. Palo alto. You must have been talking about this. It is odd they did the release on the summer friday in the afternoon. It wasnt a bad one. It was a good one. Everybody thoug