Opposition, open up the economy, get jobs back, or shut down. No. Put shut down away and say were going to use Public Health measures to help us safely get to where we want to go. Odonnell and theres much more of dr. Lapooks interview with dr. Fauci. Thats this sunday on 60 minutes. Tonight, there are growing questions about the man once known as americas mayor, rudy giuliani, and if he is being used by russia to influence the 2020 president ial campaign. We now know that giuliani met extensively with a man considered an active russian agent and sanctioned by the u. S. Government. The Intelligence Community was so concerned, that the president was warned. Here is cbs paula reid. Its bidens son. Its hunter. Reporter President Trump on the attack today going after joe biden and his family with dubious accusations. Ill tell you what, its an organized crime family, as far as im concerned. Reporter the president is referencing a tabloid newspaper story with emails purportedly swiped from th
Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of cases and the hospitalizations admissions doubling every 8 days theyre now looking at 6,000 cases a day and again theres been some talk of a potential second lock down there now they want to make sure that schools can stay open and that some businesses could stay open but just the threat of that, the potential for the second wave coming is enough to push all of the stocks in europe into the red. If you take a look at whats been happening with travel and leisure stocks they were down by 6 earlier
About 12 today. Another market master, ams evaluation 2 trillion for the first time ever. Tech was leading now 59 minutes left of the session and were essentially flat apple not flat. 2 trillion Company Coming up in just a few minutes, we will speak with White House National Economic Council director larry kudlow about the stimulus stalemate in washington the rising tensions with china and a whole lot more. Later rolling out the red carpet, ceo of amc theaters will be joining us with his companys plan to brink customers back to the movies its not going to cost you very much. Lets focus in on the big stories were watching in this final hour of trade. Bob pisani tracking the fed minutes. Joining us to discuss retail moves from pro forma starting with Broader Market weakening a bit off fed minutes. This doesnt happen very often. Usually fed minutes is not a market mover it was as wilf rentsched we lost points in the s p 500, thats noticeable given the fed doesnt move the market in the min
The month higher for all three major averages. Again, we should say. But apple today not keeping investors away. The iphone giants earnings crushed it during the covid quarter. Apple hitting a new record high briefly, becoming the worlds Biggest Company after its stock split. We have a full recap of the tech titans earnings parade. It was Something Else. And one of the most widely followed economists on the planet is here to put this wacky final week of july into perspective. Mohammed elerian on the record evaporation of Second Quarter growth, what that means going forward. Plus, the Online Shopping boom creating another covid winner. Overstocks ceo Jonathan Johnson on his companys pandemic sales and nearly 1,000 pop in his stock since the start of this year. Plus, the latest on stimulus negotiations, President Trump is maybe campaigning in florida and charlie breaks it on a possible tiktok spinoff. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start t
Here are just a few bay areabased companies that have announced big job cuts recently. Uber is laying off 3700 workers. Lyft is cutting 982 positions. Airbnb laying off 1900 people. And we dont know how many local workers are affected at those three companies. We do know that the oakland as are laying off nearly 800 people. The San Francisco giants cutting 1200 jobs, and bon appetit management is laying off more than 1500 workers in San Francisco. I think in the shortterm, there are going to be some sectors that are going to have trouble coming back, even under the best Public Health response. Uc berkeley Public Health policy professor Jesse Rothstein says that includes restaurants and Small Businesses, but includes even powerhouses like uber who thought treating drivers as independent contractors made them less susceptible to layoffs are finding thats not true in this pandemic. But even when all this begins to quiet done, some things may never go back to the way they were. Set your ex