Lemonis theres massive devastation. This is a street. An entire main street underwater. Oh, my goodness. I met the mayor. We toured the city the only way we could, by boat. Its okay. Roads closed and businesses wiped out. Look at this. Kim oh, my god. Lemonis . A severe burden on the local economy. Peter so im on the city council, and so we are gonna have some serious budget problems like never seen before. Lemonis and with relentless rain, well, its paralyzed this town. Man 2 what i was afraid of. Lemonis as for the people who live here, theyve had enough. How do you recover from a disaster like this and restore enough hope that people who live here dont abandon everything . The reason that i wanted to come to the Mississippi River is, as i think about it, it almost feels like the most important freeway in america, right . It goes from minnesota all the way down to new orleans. Its how Farmers Transport things. Its how ships get up and down throughout the country, and its, quite frank
Comeback this summer. The Election Campaign getting back to Something Like normal. Its all part of the great opening up which continues rapidly. Georgia was the first. New numbers show that it has bounced back very very quickly. Its economy has. New jersey has lifted the stayathome order. New york city subways have seen a considerable increase in ridership. And the money from the government is finally flowing to business, and get this, Mortgage Applications are surging, too. Add it all up and it looks like a much stronger summer economy. That outlook helping the market. Caution, however. The Federal Reserve releases its first Economic Forecast in six months this afternoon. That could really move stock prices. But right now, we are seeing a Little Movement to the upside, up 50 for the dow, up about, what, 12 for the s p, and another solid gain for the nasdaq, up almost 1 again and back above 10,000. Its great to be back. My thanks to ashley, susan and lauren for working so hard while i
One of the worlds highest infection rates. Of destroying crops and livelihoods swarms of locusts in india and pakistan caused billions of dollars in damage. And in support of the afghan female athletes are being left behind due to a run of bahrain top level football in germany has just presumed that every other women fleet in europe has been cancelled. Its just after 10 am in the u. S. State of minnesota where the death of a black man who was pinned to the ground by a Police Officer a sparked anger not only there but across the country and the states governor has Just Announced that hes fully mobilizing the National Guard for the 1st time in the States History. Im authorizing and talking to general jensen to fully mobilize the minnesota National Guard an action that has never been taken in 164 year history of the minnesota National Guard we will pull in assets as we have been doing and for those minnesotans who are wondering where are the fire trucks where are the police that are out t
The country without Serious Health consequence where does the confidence come from i mean, havent lets see, we adopted universal testing yet . I dont think so we dont have contact tracing. We dont have enough gloves and mask to keep everybody protected. Lucky me yet the markets have an incredibly strong month. Even with todays mild dip, dow slipping 32 points, s p edging 5. 2 , nasdaq climbed 1. 4 , they crushed fang put it out there are we whistling past the graveyard here not so fast. Theres a ton of confidence in the safety net, the one that covers Large Companies even it as it fails to protect a lot of Small Businesses and doesnt do nearly enough for individuals. Remember we dont trade hair salons here. Theres no ticker for diner, no barber shop, gyms, no. We trade Big Companies companies that have more access to funding than i have ever seen in my life courtesy of the Federal Reserve and the Treasury Department who know that the stakes are high. But you also got a lot of hope driv
Demand for fuel continues to collapse. U. S. Futures dropping below 20 a barrel. Bridgewater associates says the pandemic is more damaging than the financial crisis i decade ago. We hear from the cochairman, ray dalio, this hour. Shery here is how markets are trading at the moment. We are seeing stocks continue to gain ground for the third session. We continue to see Downside Pressure for u. S. Futures, which are down 0. 7 . Really accelerating those losses this evening. This after the s p 500 already sank from a onemonth high. We have seen earnings, Economic Data highlighting the impact of the coronavirus pandemic. Nikkei futures down 0. 4 . As we continue to see an appreciation in the japanese yen, which is now at a two week strength against the u. S. Dollar. When it comes to crude, prices rebounding a little bit after plunging to the lowest level in two decades after the record collapse in u. S. Fuel demand. In his daily coronavirus briefing, President Trump saying there are positiv