A 2nd lockdown failed to contain a spike in toronto virus cases. Im married to evanston its good to have you with us to us astronauts have splash down in the gulf of mexico on board the space x. s dragon capsule successfully ending the 1st private test flight into space the vessel reach temperatures of nearly 2000 degrees as it streaks through earths atmosphere astronauts doug hurley and bob behnken report that theyre in good health after spending 2 months aboard the International Space station and theyre the 1st astronauts to be launched from u. S. Soil since 2011 we can see. More about the spectacular landing in a minute but 1st heres a quick look back at that historic space mission. Very few but here its something not seen for a decade before. You think that god the father was a spaceship carrying astronauts blasting off u. S. Soil. Right you know American Space flight. In may this year u. S. Astronauts doug hurley and bob behnken boarded the falcon 9 rocket and took off to the Inte
Coronavirus vaccines produced neutralizing antibodies in all 45 trial patients. One analyst just gave it the highest price target on the street he will join us. Power lunch starts right now welcome, everybody great to be with you the Federal Reserve has released its beige book for a closer look at the economic recovery well have more on that as we dig through the headlines. We want to get it to you fast, we want to get it to you right we want to go to bob for a check on the markets hello there, tyler. We are sort of right in the middle of our 40point trading range in the s p 500 weve been stalling out at the 32, 33 level thats where we started the year thats where the june recent highs were were having trouble getting over that. The s p this week, about a 100point range. The good news, optimism on vaccine. The bad news is the reopening reclosing story is murky, causing a lot of stocks momentum apple up tech down today. Travel stocks, you see the optimism on the vaccine front, travel st
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Five day winning streak. Dom chu has more. And it has been the outperformer the nasdaq again up about onethird of 1 , so well off the lows of the session so far all those lows by the way, the dow industrials down roughly 271 points and weve gained back a lot of ground, but a lot of waiting and seeing with the s p just about flat. Lets take a look at some of the sector movements since the covid lows that we saw back in march over the last three months, the real standouts have been energy, up about 68 , consumer discretionary, retail names up 47 . And Technology Names up about 37 . Are more sensitive names playing on a recovery or hopes of one driving those particular gains so something to watch. And then the stock of the day is spotify hitting a record high up 13 off the highs of the day after it inked an exclusive deal with Kim Kardashian west to host a new exclusive podcast centering around kriccriminal Justice Reform and remember a lot of headlines, dwrenkt listin direct listing, not
Moreid things were much complicated because of the chinese. He also said the phase one deal on trade was a strong agreement. He expected to be implemented. Is he right. Is a good agreement . Us i am not sure it will be implemented. The world has changed a lot. U. S. China relations have changed quite a bit. Frayed, given that large tariffs have been imposed on china, and the campaign rhetoric, which is very , some of itst china very valid, like the actions in hong kong. On top of that, covid19 came along, which has made it difficult for china to implement this part of the trade agreement. It promised to buy 200 billion worth of products, agriculture, manufacture products and Financial Services and also opened up Financial Services. Is throwing the chinese economy as well as our economy for a loop. China will not be able to live up to its end of the deal. Onna wants to keep relations solid footing. That is part of why they have invited the secretary of state pompeo to meet with their to