And tech is staging a comeback, or at least it was, after yesterdays big losses well off the highs. Another brutal day of nikola the first sell rating on wall street and colorados governor warning of a potential wave of Coronavirus Infections the governor will join us with the new measures he is taking to try to stop the spread first up, lets focus on the big stories were watching one hour left of trade we have the latest on the stimulus stalemate in washington a half hearted bounce this morning. It seems like the dip buyers they keep drawing new lines in the sand as they back up and this morning the s p 500 futures got down to 3200 almost right to the tick we did bounce off there and then we have the post 2 00 p. M. Eastern time selling again a little Risk Reduction where people are not quite sure if if the footing is there for a strong close this down trend developed here were going back gagain to the june 8th high. Were turning around i point to the late july area. A lot of the leve
Gain i think im looking at the right place, nasdaq composite, up 1. 5 . We are doing well this morning. Now look at this. Novavax started phase one trials of a vaccine with human participants. Results expected in july. Big stock gain. By the way, the ceo will be on the show today in our 10 00 hour. Merck are working with an austrian vaccine maker and they have established partnerships with others in the field. Merck is a dow stock and it, too, is on the upside. 3. 7 higher. Heres the bottom line. There are hopes that a vaccine may be developed more rapidly than thought possible. All right. Im going to show you some of the scenes from around the country this memorial day weekend. Its the official unofficial start of summer. We took every opportunity to get out and have a good time. That suggests the recovery is picking up steam. We will show you more about this in just a moment. Joe biden, he broke out of his basement for the First Time Since march 15th. He was wearing a mask. He and hi
Great depression. Shares of u. S. Bank stocks looking very weak compared to tech stocks which have been guiyang the which have been buoying the rally. What an incredible rally, the huge losses on the back of jobs numbers which we are getting too used to. Taylor it was incredible, looking at some big losses and in the final hours or so, managing to reverse that and post some of the gains. The only sense of caution is tech is not leading the gains. Tech for one of the first few times has been the underperformer. On the downside in the last two days. The good news is it was not leading the losses. You have microsoft, facebook, being held in a meaningful way. When they are not leading the game on days like this when you would expect to see outperformance, that has people cautious about really the strength of the rally. Quickly, saidere if someone was not watching the stocks already, you should be. If you want to believe in the strength of the rally, you have to see the Big Companies start
On a 2 trillion stimulus package to help the economy and americans going without work right now. Governor newsom announcing several major banks will allow californians to miss their mortgage payments but just for now. Andrea joins us now with more on that money will be going. Reporter we are talking about a multipronged plan that has come out of the house. We are awaiting a vote in the senate. Provide 2 trillion worth of relief to both businesses and hardworking americans. And hospitals who desperately need it. Americans wait for the senate to take it a vote on the proposed true 2 trillion still is package. Direct payments of 1200 for taxpayers with incomes up to 99,000 a year. And an extra 500 per child. It helps any way. Obviously for my rent is about a grand it helps in that way. People forget about the small things like gas groceries. Reporter emergency loans for Small Businesses to pledge not to lay off employees. An increase in Unemployment Benefits. We are very pleased with the
How people view this and such a divisiveness that has now crept into the political remember a little while ago, you know, it depends on whether you wear a mask on how you feel politically, it was completely ridiculous. Because a mask is a Public Health tool. It doesnt make any difference. And yet weve gotten into this. So the atmosphere were in right now is not conducive to the kinds of things youre talking about. Reporter dr. Fauci had a number of factbased points. We hope the president of the United States hears and listens to. One is about how leaders need to change when the facts change. The true nature of science is that particularly when youre in an evolving situation, youve got to be flexible enough and humble enough to say, you know, two months or three months down the line, were starting to see a different set of data and a different set of facts that we may want to modify a bit the kinds of decisions and recommendations that we make. Humble, those adjectives were not on displ