Good morning. We are going to begin with President Trumps return to the campaign trail. He hosts his first rally today after he declared he was immune from the coronavirus. On saturday, he addressed hundreds of supporters from the white house balcony. He walked up to the microphone wearing a mask and took it off delivering an 18minute speech. Where is mr. Trump headed today . What are his doctors saying about his condition . Good morning. President trump is headed to Central Florida following Vice President mike pence there holding rallies all weekend. The president s doctors say he is no longer contagious. This is about 10 days after his diagnosis was made public. With three weeks to go until thisevening, president tro florida. It looks like im immune for maybe a long time, maybe a short time. A lifetime. I dont really know. It has been a week after he left walter reed after staying for a threeday treatment. The doctors say he is no longer a transmission risk and doesnt need to isolat
Good afternoon, i am michelle. Lynn has the afternoon off. A live look in washington now where treasury secretary, steve, and House Speaker nancy pelosi are said to be speaking this afternoon. The director of the National Economic council says President Trump has approved a revised stimulus package. He spoke about what may be on the table, calling it a breakthrough. What you got here is the bid and the offer. It has narrowed substantially in wall street terms. Reckon th key asks, namely Small Business ppp extension, we need some backup on the unemployment assistance, i think it is going to include that. The president approved it, i am going to guess because it will include the economic assistance direct mail checks, i think that will be in there, and i think airlines will be in there but i dont want to go any further than that. So far, the Speakers Office is declining to comment and Senate Majority leader, Mitch Mcconnell says congress is unlikely to deliver another big relief bill, be
Lets get to some of todays news from our washington and new york teams. I want to return to trade tensions between the u. S. And trump president responding to questions on implementing the phase one trade deal amid the coronavirus pandemic. We signed the deal. I heard that too, they wanted to reopen the talks to get a better deal. China has been taking advantage of the United States for many decades because we have people in this position, sitting in the oval office that allowed that to happen. I am not interested. Alix Kevin Cirilli joins me now. Walk me through. Kevin good morning. This comes as the president has increasingly attacked china politically speaking, and raised questions about chinas response to covid19, including Senior Administration officials. From an economic standpoint, the president saying not so fast as it relates to u. S. China trade tensions. Democrats with the newest round of economic stimulus, i spoke to the undersecretary of Economic Affairs who said the Unite
After a rough day where the dow tumbled 314 points, s p plunged 1. 56 , and the nasdaq plummeted 1. 67 , i think the problems simple a list of stocks that are working seems to grow smaller by the day. Isnt that what it feels like . We have fewer stocks that are safe to own and more that are down right toxic as we saw near the end of the day when the bears crushed the bulls toward antichina fueled trading. Today felt like a vicious pro Football Game where the quarterback was under pressure all day and succumbed in the Fourth Quarter in football, a quarterback tries to do a check down, looking to receivers for the best opportunities down field sometimes the Wide Receivers are wide open. Sometimes the qb has to thread the needle to hit a receiver, a slant pattern. Other times, times like today, the bears are swarming, and its like a jailbreak as they head toward the quarterback if he doesnt get rid of the ball in time, hes likely to be sacked, perhaps for a big loss or a fumble or even an
Lackluster trading an ugly chart for the biggest in the market and shares have fallen 11 this month alone. Intel and microsoft also a drag today and its hard to get much going for the nasdaq as well given that tech slide weve seen and the continued march higher for yields take a look, the 10year higher again, pressed against its highest level since last october. It takes us to our talk of the tape state of stocks and why some say this correction is not over. New edges Cameron Dawson making the case here now at post nine good to see you again. We should note as were at the lows of the day, the dow has reached it 50sDay Moving Average. Why do you argue today that this has more to go the confluence of evidence would support theres more to go because of seasonality, were in a bad seasonal stretch, september the worst month. We know momentum has turned negative in the near term on a tactical basis and breath, the number of names trading above their 50Day Moving Average, its not washed out y