Edward lawrence in washington. Ashley webster waits on the disney numbers we talked about. While we wait for that, edward, well start with you on the economy and the new comment today from the fed chairman. Reporter connell, Federal Reserve chairman Jerome Powell says the economic path forward will be a challenging one and includes more help from congress. Powell on a panel with European Central bankers says that Monetary Policy needs to work with fiscal policy because the size of the economic shock with the coronavirus. Ultimately it was a job to replace lost income. I would say that our congress stepped in and there hasnt been a faster or stronger response from congress to an economic emergency since really the great depression. Reporter he is talking about the first cares act at the beginning of the summer. Last week powell said, in order to get quickly back to where we want with the economy. There needs to be a another relief package from congress. It should be targeted to those pe
Alltime high. As you can see, it closed in the red. The dow squandering a 360 gain to close down more than 100 points tesla announcing a five for one stock split. Leading todays tech losses amd, apple, microsoft, amazon all falling more than 2 guy, what is your take on this big turnaround i would have thought Something Like this would have happened weeks ago i think the reversal is interesting. Well see if it holds up tomorrow to your earlier point, i mean you saw a pretty significant reversal right around an alltime high in the s p 500 if theres one thing i would attribute it to, dont discount the fact i think its actually pretty important, the news out of the big ten cancelling their football season. Thats pretty remarkable if you think about how meaningful it is to those schools and the local economies. I think that was part of it today and i think the other part of it is the stocks have been on such a ridiculous run, it was just a matter of time before we saw a move of this magnitu
Skyrocketing. Dr. Deborah birx of the coronavirus revealing what she wishes america did in the early days of the pandemic. A major break in the cold case murder of run dmcs Jam Master Jay shot in cold blood. What prosecutors say led to his murder and the two men under arrest. Ellens apology. The talk show host reportedly speaking to her staff overnight in an emotional call announcing major changes to the show after accusations of a toxic work culture. Plus, close call. A woman moves seconds before a car barrels over a sidewalk. And following in his fathers footsteps, Charlie Woods impressing his dad tiger with a dominant performance in a golf tournament. Good tuesday morning, everyone. Im mona kosar abdi. And im will reeve in for kenneth moton. We begin with the Democratic National convention unlike ever before. The convention kicked off last night going virtual for the first time with a diverse lineup of speakers rallying behind joe biden and taking direct aim at President Trump. The
Dominates the 1st. Democratic president ial contest. A very warm welcome to our to international this monday morning here in moscow good to have you with us i mean in the real. With scientists around the world racing to find ways of combating 19 reports claim that the trumpet ministration offered a German Company large sums of money for exclusive access to any vaccine it develops german officials said however that any such deal is off the table the countrys ministers are sent to discuss the development in talks this monday roccos the if no takes a look at the alleged efforts to cash in on the crisis. In the land of the blind the one eyed man is king similarly in the land of the infected the man with the vaccine becomes a god the tubing in based company is researching a Corona Maxine and the High Pressure the government wants to secure the rights to it exclusively the German Government is trying to prevent this there are only 2 reasons why anyone would want a monopoly on a vaccine the 1
Growing. In the u. S. Being too slow to react to the spread of. The question of Health Care Dominates the 1st one on one debate. President ial contests. Pm in sydney and 9 in the morning here in moscow this monday march the 16th welcome to our international. With scientists around the world racing to find ways of combating cove it 19 reports have claimed that the trumpet ministration offered a German Company quote large sums of money for exclusive access to any vaccine it develops germany officials have said however that any such deal is off the table the countrys ministers are sent to discuss the development in talks this monday roccos the of takes a look now at the alleged efforts the cash in on the crisis. In the land of the blind the one eyed man is king similarly in the land of the infected the man with the vaccine becomes a god the tipping in based company is recession at Corona Maxine and the High Pressure the government wants to secure the rights to it exclusively the German Go