President is insisting something can be ahead on this and nancy pelosi is pretty much only thing stopping that. We are hearing that nancy pelosi and treasury secretary mnuchin will be having more conversations today on that i dont know where theyre going. It is a program often reminded me but the priorities for that spending. In the meantime, the debate over a facebook and twitter trying to silence those who want to pass along and retweet or recomment on this New York Post story. Now, a Facebook Twitter both are telling folks that look we are not shutting down this story just trying to make it difficult for people to sort of carry it on and pass it along to others there are enough doubts about the story we cant pounce it. And conservatives saying you wouldnt do this if individual or roles were reversed nay. Edwards lawrence following developments us joins us out of washington. Hey, edward. Major backlash and threats from u. S. Republican senators possible regulation over big tech giant
Digital sales. More on that in a moment some hope on the vaccine front as well to mention j j entering trials with 60,000 volunteers though cases rising in many states here and abroad down 450 points. A sharp selloff in half an hour as kelly and frank were discussing on the show well speak with Ceo Marc Benioff well discuss how the pandemic changed business and his thoughts on oracle and tiktok deal plus more walmart is hiring tens of thousands of workers well speak to fubu founder and shark daymond john the stories were watching, mike santoli tracking action, sara with a look at nikes quarter mike, lets kick things off with you. Down 2 on s p. It seems as if really this rolling correction period in september has Unfinished Business to it didnt seem news driven though incrementally coming into the week, weak seasonal patterns a general sense if you were talking about an economic recovery, you werent getting fresh confirmation of that day to day of course nasdaq is in sell the rallies m
Airbnb confidentially filed for , the nasdaq still outperforming. The gloves now have come off in the u. S. President ial election with the Democrat National convention targeting trumps policies and rhetoric. Kamala harris reinforced this last night. We can do better and deserve so much more. We must elect a president who will bring something different, something better, and do the important work. A president who will bring all of us together. Black, white, latino, asian, indigenous, to achieve the future we collectively want. Alix for more on how this battle for the presidency could impact the economy market and by. Reet, im joined to start on politics plus economy, jobless claims with higher delinquencies with housing on the rise, how do you pair that with what we might see in november . Regardless of who is in the white house and how Congress Ends up, there has got to be more fiscal spending. We do have what i would call a fiscal cliff, which is that so far the economy is more resil
To 10 million for a fiveyear loan, 3 , according to the reserve term sheet. The fed is expanding the main Street Program. The main Street Program for businesses started lending last week. One day worth of loans made. The fed announced last night there was one 12 million loan. They have gotten started. Criticism has been it took so long and there is not the man now or the rules do not help not demand now or the rules do not help. Went to others sources of cash, perhaps because of the requirements, the fed does not want to lose money, those who could not find cash would not be eligible anyway. At the moment, there are questions of efficacy. It is now expanded to nonprofits. Alix hang with me for a second. University of Michigan Sentiment coming in 73. 2 , Current Conditions coming in light on expectations. This shows we are not feeling good about where we are going over the next month. Lauren, the fed news is a perfect example of where we are at, continuing to support the economy, just n
Patriotic. Vaccine is on to find a amid warnings of a greater resurgence to come. Haidi pretty mixed midweek outlook when it comes to trading here in asia and for the first time in a while, we have seen equity markets kind of take a step back in terms of not headlines. A great deal of activities and commodities. Lets take a check of futures. Contracts trading higher after we saw a lack of conviction in u. S. Markets as we get concerns that perhaps this fourth round of fiscal stimulus will not be forthcoming. We are hearing the republicans are in the midst of crafting their own proposal to take to the democrats and we also heard from President Trump as he resumed his virus presser, encouraging americans to wear patrioticart of a duty. Over in japan, we are seeing outside of point 3 when it comes to trading for nikkei futures in chicago. More earnings on tap along with japanese pmi readings as well. Take a look at gold and soldiers. Pretty much flat at the moment, jumping close to a nine