Primarily focus on the coronavirus and what another round of stimulation such could look like. This is about one hour. All right. Good afternoon. Thank you for joining us. My name is cliff johnson, the general manager here at bloomberg government. I am actually delighted to welcome you to a 2020 springhill watch event. Hopefully by now youve all the chance to take a look at the newest addition of rock biannual hell watch report that explores what to watch on capitol hill across more than 20 different policy areas and, of course, this report also examines the effect of covid19, the need for related relief legislation as was both parties agendas and plans for 2020. Today were incredibly excited to build upon of a reporting ts expert analysis through conversation with a key lawmaker that is senator john thune of south dakota who was shared with us today discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgov want to be sure
They are getting under way. Protesters in new york citys union square are holding a kneeling moment at this hour. While we see a standoff at city hall in philadelphia, to the right of that, then we have the aerial shot of protesters who are marching in gaithersburg, maryland. All of this follows a tense weekend filled with violent protests, riots and looting of businesses both big and small, in cities and towns across the nation. This is not simply limited to big urban areas. Weve got team fox business coverage here ready to show you some of the damage on the ground live. And Corporate Americas reaction as companies from apple to microsoft to nike to netflix and others comment and make moves on the state of race in america. Plus, a major voice on wall street and a leader in the africanamerican business communi community, Tracy Maitlands family has a historic tie to Martin Luther king jr. The president of Advent Capital Management who drew the company to 9 billion, is here to tell us wh
The futures indicated up about 322. The decline of 30 points futures point to bigger gain at the open of about 30 points. The nasdaq is open it is very early we have seen a lot of volatility lately lets look at what is happening in the treasury markets. Wti said the july contract that is the active front running Contract Trading above 22 a barrel one point of favor for the bulls on this. The 10year at 0. 698 . Andrew thanks, becky we have a huge lineup of guests. We keep saying a huge lineup but we do. It is crazy. Joining us exclusively this morning is walmart ceo, head of cocacola, james quincy, another exclusive with the new ceo of united the ceo of lonza that is partnering with moderna. A huge three hours ahead lowes, wow. Adjusted net 1. 77 the estimate was 1. 32 look at the stock. Up almost 4 home depot yesterday which was part of the reason that dow fell was because of home depot. Same store sales up 11. 2 . Dot com sales rose 80 lowes is going to invest quite a bit to support e
Edward lawrence will have airline news in a minute. But, lauren, we start with you. Lauren all right. Well the good news today, guys the rally we saw all day held into the close. Look at that, the dow up 1 1 2 . The nasdaq up 2. 1 . I will give you three Major Regions for the rally today, you touched on some of them. All 50 states eased their lockdown restrictions. The fed. We got the minutes. They are discussing ways to provide even more support to the economy. And tech, once again in the drivers seat. Take a look at amazon and facebook shares. They did hit record highs. Did they close at record highs . Facebook, yes that is a record high. Amazon, oh so close. Facebook though, they announced a new on line marketplace that can compete with amazon and others. That is why you see a 13dollar gain for the stock. Dow positive for the month of may. Nasdaq and s p 500, leadership was broad. Again it was in energy, financials and materials. Much of the power behind the rally that we saw on mon
Protection program and businesses of all sizes have started to use the tax tools that we provided for their liquidity. But in that time the critics have also done what they do best. They criticize. The need came has seized on an opportunity to perpetuate every negative story that critics can manufacture. You can imagine my surprise when democrats criticized the net operating loss carryback provisions in the cares act. Because oddly democrats previously supported the last three bills where we expanded the net operating loss carrybacks in 2002, 2005, and even in 2009 with all democrat rule. So i dont recall in any of those instances any partisan attacks from democrats about this previously bipartisan, antirecessionary policy tools. So why now . Sadly, that irresponsibility has led our democratic colleagues in the house to pass legislation that would take back important tax tools that we have provided in the cares act to the tune of 254 billion, and thats a tax increase on the american bu