Full circle. Rally, caps its 50 briefly touching a record before closing just below that level. The 175 days between peak to trough and back to peak make it the fastest rebound in history after a crash. Stepping up to the pressure. The u. S. Says it will impose extra tariffs on some eu goods from september 1 in its longrunning dispute over illegal subsidies in the airbus case. Plus, no compromise. Democrats and republicans point the finger at each other, as the stimulus debate gives way to electioneering. The two sides still remain trillions apart. Just under an hour away from the start of cash equity trading in europe. We are looking for german Consumer Prices. We are seeing actually a drop month over month of 0. 5 . If you look at wholesale prices from a year ago, there is a gain of 0. 5 sorry, wholesale prices from a month ago. Prices, 0. 5consumer percent drop, wholesale prices, 0. 5 gain. From a year ago, we see wholesale prices that dropped 2. 6 in july. From a year ago, the drop
And yet, it knows exactly how we see each other and how we treat each other. Clear, there is no vaccine for racism. Work forot to do the george floyd, for breonna taylor, for the lives of too many others to name, for our children, and for all of us. We have got to do the work to fulfill that promise of equal justice under law. Because heres the thing none of us are free until all of us are free. So we are at an inflection point. The constant chaos leaves us adrift. The incompetence makes us feel afraid. The callousness makes us feel alone. It is a lot. And heres the thing. Deserve soetter and 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. We must elect joe biden. Joei will tell you, i knew as Vice President. I knew joe on the campaign trail. And i first got to know joe as the father of
Government the talks right now on ice and well hear what leadership from both sides of the aisle is saying without that stimulus money, major cities in the United States are kind of stuck between a rock and a hard place and a new report lays out how bad things could get power lunch starts right now it does welcome the power lunch. Tech continues power ahead with the nasdaq leading the way near its record high which it hit on august 7th one tech stock not joining the party. That would be cisco having its worst day since 2011 even though the s p isnt there yet, its pretty close but not there yet. Check out the names hitting record highs tyler, back to you the stimulus stalemate in washington continues today threatening to further delay payments to struggling americans and failing to provide much of a boost to the u. S. Economy. Lots of big names on cnbc talking about the issue today. Lets go to eamon for more. Reporter its a total stand still. While theres not a lot of real negotiations
On track, we will see what happens in the next 59 minutes. Global air travel is down 85 from a year ago. One airline is looking to build confidence among travelers. Delta is teaming up with cvs to rapid test its employees with results available in 15 minutes. With rapid covid testing on the rise, we will talk to the ceo of a dyiiagnostics company which applies a newly approved test. How these rapid tests are a tool in the fight against covid19. Warnings over sales pressure once the stimulus checks end, really kind of a surprise how the stocks have performed. What could this mean for the sector as consumers prepare for not just back to school but for the Holiday Season . Yeah. We got to talk about it. We will get the inside scoop from one of our allstar retail experts during the hour. Plus, new drama for apple. This time with new york citys metro transit authority. And charlie breaks it on the newest entry to the tiktok race. Less than an hour to the closing bell. Im Cheryl Casone in fo
Program for you and not a lot of time. This hours going to fly by. Toms book is really a fantastic read, and but i do think that both especially in the United States theyre going the find the book controversial, and thats the great thing about a book. If a book doesnt generate a conversation, then it may not be worth reading. But this is a Glass Half Full story of chinas economy and the management of the Financial System. And its offered at a time when u. S. china relations are declining and attacks from all different corners in the United States of chinas system are growing. And theres this argument that chinas economy, how it manages that economy, is incompatible with the international system. And as a result, the u. S. And others need to reduce their exposure to chinas unique risks. The book tries to answer the question how did china manage to do it, howd they manage to continue to grow without a mayor financial cry crisis. And they keep it up. Im going to turn the floor over to tom