Green, firmly in the green especially for the nasdaq up almost 1 1 2 as we shake off some earlier concerns of a possible second coronavirus wave. Well talk a lot about that, as we have fox Business Team coverage of our top stories. Blake burman at the white house today. Hillary vaughn in washington. We start with edward lawrence. He has latest reporting on the covid19 case spikes. Edward . Reporter you know what, connell . This morning the spike in cases some other comments from a Federal Reserve president sort of set the market on that downward spiral but then it seemed to turn around. They shrugged it off when more people were saying that the economy would not shut down en masse. Here is white house advisor larry kudlow on that subject. We have no intention whatsoever of shutting down the economy, the costs of that would be much greater than the costs of, of, keeping it open. And i think this is manageable. Reporter still seeing increase in at least 27 states. Health officials are tr
Disturbing and said it could top 100,000 cases per day. And we are preparing to close the books on what has been a rough first half of the year its included a painful, record breaking sell off followed by a fast, record setting climb back up stocks set therefore for their best quarter in decades. 59 minutes left of the session morgan, we are up a full percent on the s p 500 yeah, were watching that last day of the quarter, last day of the first day my goodness. Coming up, as we wrap up the first half of the year, were going to focus on why not work from home. Twilio stocks up in 2020 well speak with the ceo about the demand for his companys Cloud Services during the pandemic mike is tracking the Market Action kayla has the highlights from fed chair powell and secretary mnuchins testimony on capitol hill and joining us to look ahead to the second half of the year is lori but mike, lets start off with you and a look at the market this is a good illustration of the old say a iing dont sho
Welcome to the second day of the policy conference. Im the ahead of inflation, oddities research and fidelity in boston and today we have the pleasure of hearing the latest views from the 13th president of the World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some
The World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some old friends. The 1980s was an important time for u. S. Growth but like today, the years presented challenges for growth especially for the developing countries theres quite a few topics today but the one id
It will slowly lift throughout the day and others will get some sun and clouds but 40s and 50s, very mild air mass in place. Cloudy drizzle throughout the day. Rain returns late saturday into sunday. Low 60s including san jose is 61. We are starting in the east bay steve but we are going to try to touch all the commutes. The each bay commute has a little bit of a delay here. You will also see some slow traffic on the east shore freeway. 33 minutes better than yesterday at this time getting out to the bay bridge is backed up for a little bit. Coming up we will touch on the san jose and the south bay commute. Now it is 7 02 pellets go back to the desk been we are working on a couple of developings story. One is in east san jose. Thats where a rescue operation is wrapping up after car ran off the road and into a creek this is the scene on clayton road. It took rescue teams about two hours to bring the driver back up the slope. Based on how far he went out mail slide, for him to be awake a