President is insisting something can be ahead on this and nancy pelosi is pretty much only thing stopping that. We are hearing that nancy pelosi and treasury secretary mnuchin will be having more conversations today on that i dont know where theyre going. It is a program often reminded me but the priorities for that spending. In the meantime, the debate over a facebook and twitter trying to silence those who want to pass along and retweet or recomment on this New York Post story. Now, a Facebook Twitter both are telling folks that look we are not shutting down this story just trying to make it difficult for people to sort of carry it on and pass it along to others there are enough doubts about the story we cant pounce it. And conservatives saying you wouldnt do this if individual or roles were reversed nay. Edwards lawrence following developments us joins us out of washington. Hey, edward. Major backlash and threats from u. S. Republican senators possible regulation over big tech giant
Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
Good morning to you wherever you are. Im Frank Holland in for Brian Sullivan lets get right to the markets and take a look at the stock futures this morning its been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid19 but the nasdaq, its run keeps on going. Leading to another new record high its 26 for the year on pace for the third weekly gain in three weeks. Now to the global markets. Karen tso. Shes in our london newsroom with more on that. Good morning. It has been a weak finish for those asian markets today. Negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. And the rest of the markets to be very much focused on the bull run for the Chinese Market take a look at this. A lot of investors piling into chinese stocks this week and that has taken them to the highest level in
Lunch time at crogans restaurant. An Outdoor Dining room right on the avenue. It almost feels normal. We miss just hanging out, you know, eating out. Reporter Outdoor Dining is now okay in Alameda County with lots of sanitizing mixed in. The owner Mike Williams says the past three months have been a struggle. When i left here in march, i didnt think we would probably reopen. Reporter in berkeley, the stained glass garden is back open for customers, Hand Sanitizer and gloves available at the door. We broke the store into zones. Reporter the Fourth Street shopping district is making some big changes. Weve taken over the Parking Spaces and built a plan farm. Well have tables. Reporter what is amazing reporter diners are slowly returning to restaurant row. It feels great. Yeah. Smell the fresh air. Get outside, hanging out with friends, although keeping our distance. Reporter alameda has surpassed other counties in total cases and hospitalizations. Health Officials Say the numbers are star
Commissioner bernie kerik. After three months of the coronavirus crisis, days of protests and arrests, new york city is back. Cue the Frank Sinatra music. Were open for business. We have a stages of recovery for the nations biggest metropolis. All that and more on making money. Charles sector rotation has been going on for about a month. Initially it was stealthy but no longer. In fact it cannot be ignored. Think about this, energy was bestperforming sector. Followed by financials and industrials names. Defensive sectors like utilities, staples, they were worst performing. Old adage, growth at any price . Maybe it found a price. Technology and Communications Services names. They put in a pedestrian performance. Today i have to say they look pretty lackluster as well. Where should you be investing right now . Lets ask two of the best. Rosecliff managing partner mike murphy and Gibbs Wealth Management cio erin gibbs. Mike, it has been too long. I have to go to you in part. You were one o