Are suing democratov to reopen e schools. But first, a stimulus deal between republicans and the white house is in the works. Majority leader Mitch Mcconnell is said to strategize in about half an hour with his caucus. He is expected to unveil the plan later today. Were getting details what might be in it and when might not be in it. Fox news Congressional Correspondent chad pergram on capitol hill with the latest and apparently a payroll tax cut deduction may not be in this, right . Reporter thats right. Well talk about that here in just a second. Ev this tenne particular set of spending, the easy part, the appropriations part. So Mitch Mcconnell, the Senate Majority leader Mitch Mcconnell will run through those details with his conference here in the next half hour or so. This is so fragile right now, we dont have a lot of meat on the bone. That is why Mitch Mcconnell has been hasnt said anything at this morning. I will run through what we do know here. There are a couple of details
Ah but have a look at tesla. It made a profit. Its opening a factory in texas. It hopes to sell a half million vehicles this year and the stock is up again this morning. Elon musk now leads, im going to say he leads the technology economy. The stocks up 64 bucks now. Microsoft down. Whys that . Im told its because their Cloud Business only grew 47 . First time the growth rates been below 50 . Well, sell that thing. The stocks down nearly four bucks. Theri cnhe tin in po rt landrtla oregonor a44th offf inriing. Th ayor or jtl jedostl bedy b b pst at th supporsupp the anarc ahinast anast anaaken ne inne t ihen theheneworkork ity i nows theshehe wororst pl ac businebuness retairsrsrsrsrs sarsy. Now, tnohaw,tw,w,s a is. Th e new cold war, china and andhe s. A a fitivs researcher linked to chinas military is reportedly holed up in the chinese consulate in San Francisco. The president s considering closing that consulate just like the one in houston. And now look whats lapping on happening o
Wave. S fears of a second the u. S. Seeing 16,000 cases a day. Hong kong in the third wave right now. All youll futures elevated. You are seeing a risk off move today. Focus on the chinese story. We are seeing a down day even when it comes to chinese stocks. We will see how this plays out. Lower by 6 10 of 1 for the shanghai composite. Asia had their best Weekly Performance in five years. The csi 300 large caps, ada percent of the index has been overbought. Thats the highest on record. We are seeing profittaking here today. Shenzhen, more of that robustness. The most overbought on record. That is still going higher by 1 today. It seems like the bond market is at mercy with this rally as well. Bonds at 306 right now. Yields falling. Bnp paribas saying that 10 year yield could rise to 3. 4 . We are watching other markets as well. Hong kong is a focus today. We saw a Record Number of local virus cases, the most since the pandemic began. They tightened distancing rose again. 150 points low
Gov. Cuomo good morning. Happy saturday. I know it saturday because i dont wear a tie on saturday. People ask me often, what do you think about our situation . I say, i think about what i know. What does that mean . Good question. It means, in new york, what we have been doing is we follow the facts, we follow the data, we follow the science. We focus on what we know and the facts that we know and we make our decisions based on the facts. Every morning we look at the facts. Facts today are that the hospitalization rate dropped once again, which is very good news. The total hospitalization rate has dropped. The incubation rate has dropped. The number of new cases per day has dropped down to 572. Those are new cases, people who walk in the door of a hospital. Dooreople who were in the of the hospital and test positive. Thats down to 572. It has not been that level since back march 20, march 21. That is welcome news. This is not welcome news. This has been a heartbreaking every day. 226 d
Happy saturday. I know it is saturday. I dont wear a tie on saturday. That is how i can tell it is saturday. Often, what do you think about our situation . And i say, i think about what i know. What does that mean . Good question. York, what weew have been doing is we follow the facts, we follow the data, we follow the science. We focus on what we know and the fact that we know, and we make our decisions based on the facts. Every morning, we look at the facts. The facts of the day are that the hospitalization rate dropped once again, which is very good news. The total hospitalization rate has dropped. The intubation rate has dropped. The number of new cases per day has dropped down to 572. Those are new cases, people who walk in the door of a hospital or people who are in the hospital and test positive. That is down to 572. It has not been that level since we started back march 21. That is welcome news. News, andt welcome this has been heartbreaking every day. Deaths, 226 families. And