A lot to get to so lets get started. A looming deadline for democrats and republicans as unemployment aid expires admin night on friday will the Senate Republicans want to decrease those 600. 00 per week to 200. 00 but democrats that will theyre not settling for less parties are clashing on several sides including Liability Protections for businesses and schools and funding for state and local government now this comes as applications for Unemployment Benefits increased for the 2nd straight week in the week ending on july 18th the number of people receiving those jobless aid well they increased by 867000 bringing that total to 17000000 americans earlier this week Senate Republicans released a nearly one trillion dollar relief package of their own this was to counter the 3 trillion dollars package that the House Democrats passed back in may talks are scheduled to resume through the weekend but a deal still seems pretty far. Commodities in crypto markets are heating up around the world a
Investors are increasingly pinning their hopes to a virus recovery on the vaccine so modernas news is helping the market this monday morning. And its own stock, of course. The dow industrials, probably going to go up a few points, maybe 70. S p up about 12. The nasdaq, up 85 points. Green this monday morning. Next headline, gold. The price is now at an alltime high, closing in on 2,000 an ounce. A weak dollar plus the fear of a postvirus bout of inflation, plus the u. S. china escalation, all pushing the price to, what, 1956 per ounce as of right now. Were expecting the republicans to detail their trillion dollar stimulus plan perhaps today. 1200 checks, Liability Protection for business extended but reduced emergency unemployment bonuses. Larry kudlow on that later on todays program right here. Now, look at big tech. Top executives from four of them virtually testify to Congress Later this week. This is important. What are we going to do with the crown jewels of americas business . Ta
Economists expect a bond buying to exceed 3 trillion euros this year and the next. Twitter shares fall after hours on when unprecedented hack of the accounts of prominent u. S. Figures, including elon musk and bill gates. Ceo jack dorsey calls it a tough day. Welcome to the program. A tough day for jack dorsey. We will get into that story a little bit later on. Just under an hour to go until the start of cash equity trading on this thursday morning. Lets look at European Equity market futures, u. S. Futures. All of that pointing a little bit negatively. It seems some of the optimism around vaccines that dominated trading yesterday, some of that has waned just a little. Replaced by a mixed picture signals on geopolitics and the chinese data. Lets get to some breaking news. We have european Passenger Car sales dropping by 24 in june. European car sales, the slump slowly eases, believe it or not with a 24 jump. The recovery has been taking place now for a second straight month, leaving ma
To 17000000. 00 americans earlier this Week Senate Republicans released a nearly one trillion dollar relief package of their own this was to counter the 3 trillion dollars package that the House Democrats passed back in may talks are scheduled to resume through the weekend but a deal still seems pretty far from sight. Commodities in crypto markets are heating up around the world as traditional equity markets take a breather from their epic rally last quarter well it seems like we are seeing a big asset rotation coming on. In the boom bust cohost Christine Christie chinese regulators theyre rushing to curb Precious Metals trading in order to temper speculation how dangerous is this for or the speculative market while this could be very dangerous especially when you take into account the huge middle Class Population in specially in a country like china weve seen this before and there was widespread market from a preview. They which created bubbles we had the tech bubble we had i. P. O. B
Of libyas capital the internationally recognized government closed back more territory from warlords police have tagged and the spain announces plans to Welcome International tourists just in time for the Summer Holiday season. Brazil has overtaken russia and now has the 2nd highest number of corona virus cases 2nd only to the United States confirmed infections are now above 330000 the death toll is more than 21000 that is based on official figures but experts say the total could be as much as 15 times higher because of lack of testing brazils infections are not expected to peak until next months states and cities are now grappling with whether to loosen restrictions or clamp down even harder the pandemic and the governments response to it is an issue which has polarized the country. My father has coronavirus and psychologically hes very affected and upset the landscape changes very quickly in a hospital one moment one person dies and another is discharged he gets very angry hes very a