Yeah, President Trump started promoting mask wearing on twitter. A major shift and the stocks have been fitted from a reopening economy are higher today and thats how the dow jones gained 160 out performing the s p 500 but trouhe nasdaq. the cramer covid19 index is out. The recovery stocks are in at least for today our country has the worst coronavirus outbreak because we turned wearing a mask into a cultural issue the president tweeted a stark black and white picture of himself wearing a maface mask wh the explanation saying many say its patriotic to wear a face mask when you cant social distance there is nobody more patriotic than me, your president. End quote. Well, kind of the only one why does it matter because President Trump is the de facto leader of the anti mask faction. Thats why he spent months refusing to wear a mask in public and framing this as an issue of personal freedom. That emboldened people to take ridiculous stands against mask mandates invoking the first amendment
Unprecedented disruption the swiss luxury giant flags a strong recovery in china heineken trades lower as the beer maker plunges prompting the group to intensify cost cuts. In frankfurt, the ecb faces a crucial test will look to prove that it has more fire power needed we bring you more coverage to this runup to decision time. The chinese stock markets plunged into the close despite encouraging growth data. Shanghai composite 4. 5 lower. Marking the worst daily performance in each index since february the china gdp grew rebounding from the First Quarter recession as they use the lockdown and First Quarter stimulus more on the chinese data. A bounce back from growth from q 2 after strict lockdowns and travel restrictions and some of that stimulus kicked in if you look at that key data for the month of june, industrial output lead to the recovery and third output growth of 4. 8 suggesting demand is improving fixed asset improvement fell 4. 81 . Also better than expectations and retail sa
Doesnt hurt that they beat on the top and bottom lines, earnings per share at 86 cents versus 71, but the real big deal here was the settlement with hauwai is this the end of qualcomms Business Model they faced problems with apple refusing to pay them telling them that their suppliers refused to pay qualcomm. I will, some people say i hate to say i told you so no one hates to say that i did tell you so, qualcomm is really good at this legal stuff. They have been fighting the legal battles throughout their career tom brady, Fourth Quarter in the super bowl, you cant count them out. That is why the stock is up catching a lot of people by surprise, julia. That is right, just looking at the opportunities they see in 5g as that continues to roll out and the idea that maybe the regulatory hurdles are behind them they have the ftc case they won that is under appeal, but really notable looking at those two Business Models looking at the sale of the chips and the licensing. Yeah, the pressure t
It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
Cspanstore. Org. Next, a look at efforts to modernize Information Technology across government agencies. The House Oversight subcommittee hearing includes the chief Information Officers from the governmental accountability office, the office of Personnel Management, the white house budget office, and the education department. This is about 2 1 2 hours. Begin in 5, 4, 3, 2, and 1. Welcome, everybody, to the subcommittee on government operations. And our 10th hearing on fitara. Before we begin, pursuant to house rules, most members today will appear by webx remotely. Since some members are appearing in person, or at least this member is, let me remind everyone that pursuant to the latest guidance, all individuals attending this hearing in person must wear a face mask. Im dropping mine only to speak. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those members appearing in person. Youll only see witnesses appearing remotely on the moni