Gloom out there. Were following the Airline Industry very closely as you know. Theyre looking for more aid, this time in the form of direct government grants here. The talk is how are they going to get that . The question, how much. Jetblue, robin hayes, what the significance of the flying industry is going through now. Jetblue has been able to fly over the turbulence. There is something that must be going on that were missing. Were looking what is happening at colleges now. The university of North Carolina at chapel hill. Kids were congregating, going to bars and parties. Not exactly social distancing. Now that university among some others that goes from inperson to virtual classes. Iona colleges president is with us, how that school is avoiding all of that. Meantime were focused on day two of the Democratic Convention as stuart was highlighting. The president has his own plans, continuing to visit battleground states that could turn the tide on this contest, still 76 days away. Blake
Morning. Dow, nasdaq and s p scoring fourth straight month of gains. One of americas old retailers filing for bankruptcy. Lord taylor hit hard by the coronavirus pandemic. Surprising results of new study ahead. Mornings with maria is live right now. Dagen global action, european markets up across the board. The euro zone economy showing signs of some growth, purchase Managers Index there for july coming in at 51. 8. Anything over 50 shows growth. In asia overnight mostly higher, private survey of chinas Manufacturing Activity showing growth for july. Purchase manager index hitting 9year high. Gold shines, on a roll closing in on 2,000 an ounce. White house officials and democrats set to meet again today to discuss covid19 stimulus bill. Cheryl white house chief of staff mark meadows says we still have a long way to go and hes not optimistic about reaching a solution soon. Democrats want the extra 600 of Unemployment Benefits which ran out last week extended an republicans want to reduc
New claims actually rose. And 17 Million People are still drawing Unemployment Benefits. I believe thats a negative for the overall market. Get to that in a second. Look at this. Amazon, apple, google, facebook, the day after the top executives took a pounding from the politicians, these stocks went up during those hearings. They are down in preMarket Action this morning. Hold on. All four of these giants will report their earnings later this afternoon. This is big techs big day. My opinion, these Companies Need blowout numbers to sustain their very lofty stock prices. Watch it unfold at 4 00 this afternoon on this network. Overall, i got a lot of red ink to show you. The dow is looking for a loss of over 300 points, down maybe 40 for the s p and off 131 on the nasdaq. Heres one of the negatives thats hurting the market. Emergency virus relief. It runs out in 24 hours. Congress is divided over how to replace it or extend it. Investors want more stimulus but theyre not sure they are goi
About helping people to survive the coronavirus shutdowns that have now forced them out of work. Because, remember, corona isnt just stopping you from going to the gym to take mirror selfies. Its also decimated the world economy. Now, countries have been taking different approaches to help workers during this pandemic. Many countries in europe are paying businesses to keep their employees on the payroll even during shutdowns, japan suspended most tax collection for a year. And russia is even allowing all their election bots to meddle from home. And here in the u. S. , Congress Passed a big 3 trillion relief package back in march, but with the benefits of package about to run out, congress has been struggling to put together something new. Now, democrats have been asking for another 3 trillion to extend and expand the benefits that have been helping people. And now republicans have finally responded with something a little less generous. This morning, with tens of millions of americans
Dr. Fauci. So lets do this people. Welcome to the daily social distancing show. Captioning sponsored by Comedy Central from trevors couch in new york city to your couch somewhere in the world, this is the the daily social distancing show with trevor noah. Trevor the big news today is about helping people to survive the coronavirus shutdowns that have now forced them out of work. Because, remember, corona isnt just stopping you from going to the gym to take mirror selfies. Its also decimated the world economy. Now, countries have been taking different approaches to help workers during this pandemic. Many countries in europe are paying businesses to keep their employees on the payroll even during shutdowns, japan suspended most tax collection for a year. And russia is even allowing all their election bots to meddle from home. And here in the u. S. , Congress Passed a big 3 trillion relief package back in march, but with the benefits of package about to run out, congress has been struggli