Riot near the courthouse setting off fires and attempting to break into a police station. This as the president vows to send federal agents to more American Cities. On the brink, millions of americans about to lose their benefits this weekend. The latest on at extra 600 a week lifeline set to expire as Congress Scrambles to make a deal. Triple threat in the tropics. Tropical storm gonzalo expected to become the first hurricane of the season gaining strength in the atlantic. Another possible storm taking aim at the gulf and the third threatening hawaii. Ginger is tracking them all this morning. Kim kardashian west breaking her silence, publicly addressing husband kanye wests bipolar disorder for the first time following his recent troubling behavior. Why shes saying family members are powerless to help him. Lucky to be alive. Help the hiker stranded in Joshua Tree National park in the dangerous summer heat for 40 hours. How his son helped save his life. Hes telling his incredible surviv
Been happening out there. We received word that officials are planning to close down a city jail in the middle of all of this. Well talk about the timing. Back here in the new york area, there are some in business who are now saying that new york city is among the worst places in this environment to do business. Well talk about why. Also talk about, when and how that might change. It is all coming up coast to coast on a wednesday. Edward lawrence starts us off on the aforementioned drug price wars and vaccine developments. Joining us live from washington. Hey, edward . Reporter connell, pfizer says they will have 100 million doses of Coronavirus Vaccine by the end of the year. Now the u. S. Government has a deal to buy all of those doses from pfizer and biontech which they partnered with for that. Federal government will pay 1. 95 billion for all 100 million doses by december. We have five vaccine candidates that prioritize the u. S. People where were going to manufacture vaccine and w
Could be a fullcourt press at least on the administrations part working through the coronavirus folks saying look, the worst of this could be behind us. That is one of the reasons why the president has been stipulating, he thinks all kids in this country should go back to school in the fall. That has earned him the wrath of Governor Andrew Cuomo who is also addressing reporters right now saying what about the kids, are you thinking of the welfare of the kids . The back and forth goes on and on. Speaking of governor cuomo, sometimes around august 1st, august 7th, he will have a financial decision on status of schools, whether they reopen in the empire state or do it on a tiered basis. Some do, some dont. Could add likely to parents confusion to all of this. Edward lawrence is monitoring all of these developments. Edward, what do you have right now . Reporter neil, the Coronavirus Task force is still briefing at this hour. In fact right now. What the vice has come out and said he is enco
Starts. That means demand up for Mortgage Applications, supply going up in the future. That follows a remarkable improvement in the outlook for home builders. They are much more optimistic. The housing rebound would give the overall economy a real boost just when it really needs it. Now lets get to the market. Again, look at this. We are going up again, not much, going up at least at the opening bell. The rally continues. The dow up maybe 70. S p, maybe 10. Nasdaq, better gain, up nearly a half percentage point. Thats a 46point gain for the nasdaq. Okay. The fed is printing money. Theres a new stimulus plan in the works. Retail sales saw a huge increase, a positive News Development on virus treatment plus real estate and you add it all up, youve got a continuing stock market rally. Weve got a big show for you today. The president s reelection hangs on the economy which is coming back strong. So why is he trailing joe biden in the polls . We will address that. Social distancing is the b
Major breakthrough in treating the coronavirus, a steroid that could cut deaths significantly among the sickest patients jay powell assuring the market is willing and able to backstop the economy. And finally, fiscal stimulus reports the white house is preparing a trillion dollar infrastructure package for everything from roads and bridges to 5g network. So, were these the three things the market needed to hit it big today . The three horsemen. Hi, mel. Hi, guy how are you well, i mean, they definitely helped, and im looking forward to Jerome Powells testimony tomorrow when somebody asks him what his favorite hardhitting question, what his favorite color is thats always riveting to me its all about the fed i think we all agree with that their commentary has been nothing short of astonishing the infrastructure supposed infrastructure bill, obviously, caught everybodys attention im hard pressed to believe that will get through this year given the divide we have, politically. The covid ne