And Lauren Simonetti is watching the markets. Lets start with blake with the latest from the white house. Reporter hi, there. There is a debate taking place in washington up on capitol hill about the future of the 600 federal uninsurance benefit that came about during the cares act. We will give you a live look right now at the Senate Finance committee, the labor secretary Eugene Scalia testifying there. Republicans and the white house argued that benefit has become a hindrance for businesses since some people are actually making more money on unemployment. Democrats, though, are making the argument to republicans saying how can you say more people are coming back into the work force, yet this is also a hindrance . They are saying that doesnt really work hand in hand. They are also saying that this 600 plusup should continue until the end of the year. Watch. When secretary scalia failed to offer a plan to give benefits out in a timely way, democrats proposed a flat sum solution. 600 pe
Take shape across the nation. This is a live picture that we can show you of an event being held right now in brooklyn, new york. As you can see, there are people with the microphone, there are people Wearing Masks and they are sort of social distancing and most importantly, it appears very peaceful. Isolated incidents of violence did mar largely peaceful protests all across the United States last night. Some businesses still struggling with that double whammy of damage from both looting and the enduring losses of the coronavirus pandemic. We will speak to one Business Owner who is desperately trying to cope. With so many people gathered so closely together in the middle of the coronavirus pandemic, will we still see a second wave of the deadly outbreak sooner than the fall . We will take you straight to the front lines. Dr. James gasparino works in the trenches at Brooklyn Hospital center. He will give us an update on what he believes will be a new coronavirus spike. And what he expec
The s p 500 and nasdaq did break a threeday winning streak, so closing both lower today. We got data on jobless claims. Really awful. It goes to show you that the wall street recovery since those march lows, up 40 as you just noted, melissa. It is really outpacing main streets recovery. If you look at continuing claims here topping 21 million, it suggests that employers have been slower to hire back furloughed workers. Lets talk about the retailers. It is a particularly painful time for them. Hit first by the pandemic and now damage from the protest although you wouldnt know that from some of the retailers stock performances were seeing today. Take a look at nordstrom. It is up almost 10 . I want to Pay Attention to the gap here. Higher today too ahead of earnings any minute now but they did get hit by a lawsuit, Simon Property group because they hadnt paid their rent. Also the nasdaq 100. It did touch an intraday record high. It has since pulled back as Big Tech Companies pulled back.
Legendary Silicon Valley venture capitalist tim draper, he was a very early investor in twitter. We have him in a fox business exclusive on exactly what he thinks and how serious he believes this new move by President Trump ostensibly against twitter and other social media names might really mean for Silicon Valley. And we are looking at many different stories at this hour, specifically let the bidding wars begin. Yeah, the Housing Market. How about that. We know that more states are allowing the reopening of so many different businesses, including Real Estate Brokers who had been during the lockdown banned from pretty much facing facetoface potential buyers. Re realogys ceo is here on just how strong he believes the snapback in recovery for the real estate business really truly is going to be. And the coronavirus lockdowns have taken a toll on americans Mental Health. The hottest app in wellness, in the wellness world, is now focused on pretty much helping you get your mind in the rig
Executive order targeting social Media Companies at the white house. Were waiting for that as well. Fox Business Team coverage. Blake burman with the latest from the president. Lauren simonetti watching markets. Hillary vaughn and Edward Lawrence in washington. Lets kick it off with blake. Reporter hi, there, connell and melissa. What is important what is happening right now in the oval office with President Trump as it relates to this executive order and social Media Companies is, that the attorney general bill barr is there. So you have got President Trump, the attorney general and as we are going through the notes here as this is happening, what the administration, the president and his ag, are taking aim at is section 230 of the Communications Decency act. It appears as if as well that the president according to the notes is going to try to insure somehow that taxpayer dollars necessarily dont flow into these social Media Companies. That we await to see the exact comments that the