from apple yesterday plus, jim, fedex and adobe to kick around from last night. wow i mean, these were congratulations gentlemen and ladies calls because the numbers were so unbelievably good, much better than people expected. now, this is rather amazing, carl why? because there were firms that upgraded and pushed and raised numbers for weeks and yet they were dramatically exceeded, fedex because of e com, 96% of the growth is e com and adobe because it s how companies are able to digitize quickly, particularly retailers, in order to be able to take advantage of this this amazing wave, this amazing boom of e-commerce to the home because of the pandemic so how can there be such a structural thematically strong story behind e-commerce and packages and growth and the targets that fdx has pulled forward by years and all the good news today on vaccines and therapeutics well, i think what s really convincing here with fedex is that they re talking about how there s actually a
dow jones industrials, mark it at down 167 points, low of the session, a loss of 271 so we are off that. we have the s&p down 12, the nasdaq lower by 11. so what we need to do is talk about right before we go there, the discussion which will intersect with the worrisome news that some states, including florida, texas, are now seeing sudden increases in new cases in the wake of reopening their economies. let s go straight to the white house where blake burman is standing by. you are waiting with us for this event. what is expected to be the real focus here? reporter: well, we have seen this over the last several weeks here at the white house, liz, as governors, republican and democrat, have come over here to the white house to sit down with president trump, talk about the reopening in their states and their future plans to reopen, going on down the line. i m told from a white house official this event coming up here is along those lines. as president trump will be sitting do
a step in the right direction. whatever your cup of tea. we re following reaction about the senate republican plan to reform police departments across the country, without getting too involved how they go about day-to-day business. that is source of criticism for democrats saying they don t go nearly far enough. hillary vaughn, back and forth on this out of washington. hey, hillary. reporter: congress has dueling bills that address police brutality while the house is marking up their reform package that republicans in the senate today, introducing their response. senator tim scott leading the effort today, saying his proposal goes hand in hand with the president s executive order he announced yesterday. too often we re having a discussion in this nation about, are you supporting the law enforcement community or are you supporting communities of color this is a false binary choice. the answer to the question of which side do you support, it s i support america. reporter: to
overwhelmed hospitals in those states. now the near is that is could, that is all really wall street had to hear. people are picking up out of stocks, they re moving into things like gold, bonds. a 10-year note, for example, where you want to know if people park their cash if they are nervous, remember this was starting the week at around 1%. we were getting very, very close. gold up 25 bucks there but the 10-year note for a while flirting with close to 1%. now down to .67. yield goes down as the price goes up and that s what is happening right now. this could be short-lived. could be a recognition we run up very far very, very fast, they are selling first, asking questions later. particularly about the ramifications about all of this it this were to persist. this is not a coronavirus crisis. i hasten to here the levels are very low. hospitalizations i checked out all the states they re talking about. the actual hospitalizations themselves are very, very contained. it is the
do you think it s important that congress extend the relief of extra unemployment benefits? i think we try to keep our comments on fiscal policy at a high level. i ll come to your specific question but i would just say this. this is the biggest economic shock in the u.s. and in the world, really, in living memory. we went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months. extraordinary. and appropriately, the response from fiscal authorities has been large, forceful and very quick by the standards of these things. roughly $3 trillion congress has authorized and that s benefiting households, laid off workers, small, medium and large businesses, hospitals, state and local governments. 14% of gdp, it s in a class by itself in terms of both the size and speed of it. it s also pretty innovative. both the ppp and the unemployment insurance are quite innovative in the american context. there were difficulties in