Plus, on stage health scare. The terrifying moment a comedian collapses during a show. Blocking facebook. The new campaign to get companies to pull their ads over the sites hate speech policy. And strange sight. How this motorcycle ended up trapped in the bumper of a minivan. Good monday morning, everyone. Thank you for joining us. Its great to have Mona Kosar Abdi back. We do begin with that breaking news from the world of nascar after a noose was found in a drivers garage. The noose was found last night at Talladega Superspeedway in the stall of bubba wallace, the circuits top black driver. It appears justeeks a heres abcs alex presha with new reaction from wallace. Reporter overnight outrage after nascar says a noose was found in the garage of bubba wallace, the only black driver who races full time in nascars top cup series. Whomever that is, i hope that you are so ashamed of yourself. Reporter nascar saying it was found in wallaces garage stall at Talladega Superspeedway in alabam
Is time to double down on this red hot sector what it is and why the charts have it feeling so bullish. The feds stress test results are out. The fed is requiring large banks to limit dividends and buybacks after analyzing their resiliency during the pandemic the fed said that for the Third Quarter it is suspending the firms share repurchases, capping dividends and allowing them to proceed based on a formula derived from recent income the largest banks had already ended buybacks through the end of the Second Quarter but this actually takes it a step further. The fed will reassess those plans on a quarterly basis for the first time in ten years of stress testing, banks are required to resubmit their capital plans later this year to reflect the current environment. The vice chair notes there is material uncertainty about the trajectory for the economic recovery and its impact on banking organizations. Not all governors agreed to let the banks continue layouts even if theyre limited one g
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After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas
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