What we are get interesting the university of Michigan Sentiment survey. The headline number, way, way weaker than anticipated. That number coming in at 77. Thats down from 81. 8 last time around. When things are good well north of 100. The expectation was for 82. Current conditions, 85. 8. Thats actually ahead of expectations. But its the expectation number, the forwardlooking number here, that is really sharply lower. Coming through at 71. 3, alix, versus 79. 1 in terms of where the market, the economists had forecast that number. Down from 79. 2. A much more gloomy outlook for the u. S. Consumer from the u. S. Consumer. Alix no doubt. As covid cases are spiking everywhere here in the new york, it feels like we are headed for a School Shutdown as well. Get the read on what that means to the consirmse with ajay. Its always good to get your read. You have this more pessimistic expectation outlook from the consumer. Then you have rising covid cases and you have targeted regional shutdow
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Gained 160 points, but the nasdaq dipped 3. 4 we still care about the federal reserve. They know nothing just kidding. Or the president s speech tonight at the Republican National convention. But the core question is very simple, do you think we can beat covid19 sometime soon or are you expecting it to plague us into next year that can be difficult to see today, we were obsessed with fed chief jay powells big speech at jackson hole we parsed every word, and it wasnt worth parsing he was a prisoner of the flimsy orthodoxy, but these days he doesnt want to be the reason the economy falls apart. Hes saying forget the foolish ways of the past 40 years of fed chiefs his goal is to help the economy, period, until the pandemic lifts. Its joyful. Hes really smart and good guy thats a stock market like a supermarket. There are some aisles we want to go to when the virus is raging, and theres others we want to go to when its on the ropes. We dont know when well beat this thing ive been telling y
An executive order aimed at also protect renters from being evicted and suspend payments on helping people across the Student Loans through the end of country. Nbc bay areas Marianne Favro is the year. But the divide in washington in san jose with a closer look continues. House Speaker Nancy Pelosi and tonight. Reporter blaming democrats for the corr Senate Democratic leader Chuck Schumer say the orders are not enough and issued a joint statement saying, these policy announcements provide little real help to families. For instance, not only does the president s announcement not actually extend the Eviction Moratorium, he provides no assistance to help pay the rent, which will only lead desperate families to watch their debt pile higher. Whether the president s executive courts wi sort it out, nbc bay areas political analyst Larry Gerston says the president s actions may prompt another change. At a minimum, i think hes throwing down the gauntlet, and hes basically said to congress if yo
Unemployment boost was 600 a week. Not everyone feels the new reduced pay is enough for people trying to make it here in the bay area. I feel like its not enough, probably. The 600 i thought was fair, you know, for people that need it. Reporter the orders would also protect renters from being evicted and suspend payments on Student Loans through the end of the year. But the divide in washington continues. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer says the orders are not enough. This provides little help to families. Not only does the president s announcement not only extend the moratori moratorium, it would pay the rent. And some question if the president s executive orders are legal. I would suggest it on monday, there would be one or not more people heading to the district court, asking for the whole idea to be declared unconstitutional or at least an injection of some sort, before the court can listen to the arguments. But he believes that maybe he can ge