Tech names may be beneficiaries of a decision the United Kingdom has made when it comes to huawei and 5g. But wait a minute. The big banks did send up some warning flares in their quarterly reports on this first day of Second Quarter earnings season. Why are the biggest names in finance fast inflating their Rainy Day Funds . What do they see that you might not . Our floor show traders are on it. They will shine a light on it and explain. Just as teslas stock bubbles even higher, here comes a potential pin to pop it. Fisk fiskers uber cool all electric ocean suv with its 300 mile range, karaoke and california mode features is ready to open the reservation lines. Founder, chairman and ceo lhenrk fisker is here on his unique route to the New York Stock Exchange, taking on elon musk and yes, he will explain what california mode is. Pretty cool. From california all the way to a tiny private island on the east coast where the wealthy elite are ready to pay a pretty penny to escape from the c
Andrew ross sorkin with joe kernen becky is off again today a little in the red. The treasury yields and earnings that may have an impact on all of this. The 10year note, we are now below. 6 we are down to. 592 we can debate what that means for today. Discussing Market Recovery and earnings Kansas City Southern and United Airlines ceo and health and Human Services secretary you want to stay tuned to squauchl the nasdaq down pretty significantly. It was up two or three hundred. It was up and did you know and up and down. It was really crazy. You heard cramer talking about that it was truly crazy. Insanity. The didnt hold on to the big gains. I think it was down almost 300 when cooperating on that at the end of the day, well see. I heard it said, well, you gave him an out he could have been resting on his laurels by now saying i would at least nuance it so i could claim to have been right if we had extended here. Doesnt it feel extended here. If i were paulson. Fur trying to be right all
Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
App at the center of the storm. Meantime, travel as we knew it is over according to airbnb ceo brian chesky. He sat down with us for a wideranging and rare interview. To worldd the pandemic war ii. Tankdid teens on tictoc attendance at President Trumps rally in oklahoma over the weekend. Andrew yang will join us to talk about that and the future of the biden and drum campaigns, plus his latest initiative to get Tech Companies like facebook and google to pay you for your data. First, a check of the markets. Stocks rising despite concerns about a resurgence of the virus in different parts of the country. Walk us through the day. You had all three major averages closing higher by 0. 6 or more. Seems to be there consensus that the virus is nowhere near over but there also seems to be consensus that it will not entirely derail the recovery we are seeing. Small caps also were up by about 0. 5 excuse me, 1 . They have been really kind of a proxy for the recovery story, given that they are mor
Him even if theyre ticked up they can still keep breathing and they can still keep operating so whats the value of their Inspections Program there in force and efforts for all we know are completely meaningless we dont know what they even inspect for when they go into these facilities because they dont make their inspection records public quite frankly if they were meaningful inspections there would be no reason not to make them public. While the a k c boasts of a rigorous Inspection Program in 2011 only 1500000. 00 of their 59000000. 00 in revenue was spent to employ just 9 inspectors across the entire United States. Big you see is a group that says its the dogs champion but in practical to. Herms is consistently leading the fight against efforts to establish humane dog breeding standards in the states at the federal level. Over 5000. 00 kennel inspections last year. The American Kennel Club. We make all this possible because you make us possible. Just or your dog the only us registry