Will be no breaks. That to the disappointment of the joe biden campaign, fearing that he may struggle to keep up with President Trumps customary highenergy performance. White House Press Secretary Kayleigh Mcenany this evening said this about her expectations of tonights showdown. There is no comparing the record of obama biden and President Trump. When you look at President Trump, record lows in unemployment, a vshaped recovery, when you look at obama biden, slowest economic recovery since world war ii, health care, same thing. Premiums up, drug costs up under obama. President trump brought those down. So a pointbypoint comparison from the handling of swine flu to the handling of covid, there really is no comparing the records because President Trump stands tall. Lou well, tonights festivities are taking place at the famous cleveland clinic. Officials are expecting tensions to be running high outside that building. As you see there, more than 300 Ohio National guardsmen have been call
Governor andrew cuomo ultimately calls the shots. Looks like that could be pushed back. Governor cuomo speaking to the press, noted a lost spikes in cases happen particularly in states that opened up Indoor Dining too soon. No way to verify that. The fact he wants to be cautious about that at same time he is ripping federal government response on all of this, is obviously going to get a response from president of the United States either with a tweet or something, later on. He has full throttle criticizes the federal government minimizing the entire coronavirus situation. Others middle east disagree with that. We should also say that is the latest period on june 28th. Eight deaths reported in new york state. We should emphasize that is record low number and is down substantially from the 800 daily highs we were seeing in march and april, it is still a stubborn trend that remains as do hospitalizations also going down here. The number of new cases is an issue that has come up again and
Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th
Other sectors stepping it up. David that is what i am interested in this week is the u. S. Treasury issuance. We will have to borrow a lot more money. What you think that will do to the treasury market . Abigail today does not having much of an effect. Last week there was a big selloff. On the corporate side, there has also been a ton of issuance. It seems as if the markets are absorbing that supply. Lets see whether that continues. Certainly helping today, one sector that is doing quite well, the Health Care Sector outperforming, especially biotech. Cardinal health put up a good quarter, that has to do with druggist to big drug distributor, the fact they saw their sales boosted by covid19. Weve been talking about the gilead virus drug. It is a pitch scratcher it is a headed scratcher on that one. It lessens the time. It is not a game changer for the economy. A little bit of a popping. We will certainly be watching that debt issuance. That could help to break the tugofwar weve been see
Day where we can see some real progress. Charles what this means for businesses coming up, what this means for businessing coming up. Plus as more may be needed, a man whose devotion to the constitution sparked a uproar on friday. Kentucky congressman Thomas Massie will be one of my favorite guests today. Food network host guy fieri joins us spores forces with other Celebrity Chefs to create a relief fund for restaurant workers across the country. He will join me at the government of the hour. All that and much more on making money. Charles briefly exited bear market territory. The s p, nasdaq however, remain more than 20 off their alltime highs. Not all bear markets, folks, are the same. In fact according to Goldman Sachs there are three types of bear markets. You have got structural, the ones with the most devastating downsize. Theyre caused by financial imbalances. You have cyclical. These correspond with normal slowing economic cycles. Then event driven. Event driven bear markets a