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Second half of 2020, there is an overlay of other stories. The pandemic story, at least in the United States, is truly front and center. I would also note the stunning close to equity markets yesterday. Call it window dressing on june 30, 2020, but we begin this july strong in the markets. Francine we certainly do. If you look at what the markets are looking at, and a lot of the focus is on the number of infections, treasuries slipping, and i am looking at a couple of Technical Glitches in europe affecting trading. We will have a full market roundup, but lets get to first word news in new york city with ritika gupta. Ritika good morning. Infectious diseases chief Anthony Fauci warns the u. S. Is going in the wrong direction. He said the country could see 100,000 new coronavirus cases a day, up from the current level of 40,000. Several southern and western states are seeing increases in infections, prompting some to put reopening plans on hold. A new poll shows 10 lead, joe biden over p
Outset Public Policy was better safe than sorry knowing what we now know was the shutdown to extreme our 1st guest thinks so and if you listen to talk radio in the Dallas Fort Worth area his will be a familiar voice if youre in east texas you will recognize paul glazer from fox 51 and because paul jones radio stations he has been a ground 0 for this economic crash because when people stay home businesses close and they stop advertising so paul take me back to early march when the shutdown 1st hit everybody was told to stay home how suddenly and how severely was local commerce in texas whacked and how close did your business come to the edge of a cliff. Well took it from the top immediately when when we got the word essentially that april was going to be cancelled. It had an Immediate Impact and a lot of advertisers say well if im going to be closed i cant spend money i cant advertise that which i cant deliver so we took over a raft of cancellations that all came in essentially on the s
To gains ahead of todays fed decision. Investors consider the possibility of a return to 1930s era yield curve control. Kowtows. Teaus mike pompeo accuses a company of bowing to beijing. A top investor adds its voice in the rebuke of hsbcs decision. Time is running out. Cerberus is tired of waiting for a turnaround at commerzbank, calling the banks performance an abject failure, the activist investor seeking two seats on the Supervisory Board to turn things around. We are just an hour away from the cash in europe and the u. K. Let us take a look at futures first. We have turned from losses to gains, now looking at green arrows on european futures after dropne to two plus percent we saw in cash trade yesterday, we are also looking against in u. S. Futures, right now 0. 5 , no matter which contract you look at across the dow, the s p, and the nasdaq. Anna . Of breakingle bit news coming through on the spanish clothing retailer inditex. Delaying its dividend for 2021, but we are waiting f
Fox 51 and because paul jones radio stations he has been a ground 0 for this economic crash because when people stay home businesses close and they stop advertising so paul take me back to early march when the shutdown 1st hit everybody was told to stay home how suddenly and how severely was local commerce in texas whacked and how close did your business come to the edge of a cliff. Well to get from the top immediately when we got the word essentially that april was going to be canceled. It had an Immediate Impact and a lot of advertiser say well if im going to be closed i cant spend money i cant advertise that which i cant deliver so we took over a raft of cancellations that all came in essentially on the same day and it had a you know very very profound impact immediately. We were fortunate however in that what was a essential business i percentage of our client base at this particular group of radio stations were quote unquote essential and so they got to stay open and they decided