Is boom bust the one business show you cant afford to miss in washington coming up markets are slumping on friday after the Federal Reserve put a halt to buybacks in the midst of the copa 19th and them if we break down the ruling and what it means Going Forward and while the Airline Industry has struggled in recent months some big changes could be coming to the sector we take a look at some issues daunting the airlines and what the changes could mean for travelers we have a packed show today so lets dive right in. And we leave. The program with the United States setting another record for new cases of covert 19 on thursday with the nation seeing a spike in cases as certain regions attempt to reopen their economies Johns Hopkins University Reported more than 40000 cases on thursday in the us eclipsing the previous record of more than 36000 cases reported in april this comes as the director of the center for the centers for Disease Control dr Robert Redfield said he estimates that every
Alex azar, 7 30 a. M. Eastern with war on coronavirus and potential vaccine and whats being done to curve spikes. Im joined by donald trump, jr. , we are talking a lot with him, dont mishis take of 2020 race, mailin ballots, ongoing protests and social media and a lot more. Final day of Second Quarter, we are wrapping up a quarter thats been the best in 20 years, markets mixed, dow industrials down 70 points, the nasdaq is up 6 points and s p down 5. For the the Second Quarter markets are up sharply with yesterdays gain 180 points. For the Second Quarter, the dow up 16 , nasdaq up 28 and the s p 500 higher by 18 . Their best quarter since 1998 on the dow and s p 500. Federal reserve chair jay powell says the path ahead for u. S. Economy is extraordinarily uncertain. Powell and secretary mnuchin will be testifying before House Financial Services committee today on Pandemic Response and Stimulus Fund landed. More Companies Joining the facebook ad boycott costing the social media giant bi
States setting another record for new cases of cope with 19 on thursday with the nation seeing a spike in cases as certain regions attempt to reopen their economies Johns Hopkins University Reported more than 40000 cases on thursday in the us eclipsing the previous record of more than 36000 cases reported in april this comes as the director of the center for the centers for Disease Control dr Robert Redfield said he estimates that for every case reported in the country there are likely 10 other infections unreported meanwhile and speaking about the end of the 2nd Ebola Outbreak the director general of the World Health Organization just how similar measures have been taken to fight the 2 diseases and spoke about what it will take to see an end of the kobe 9000 pandemic. Its clear that to bring coded 19 and of control and to save lives we need effective vaccines diagnostics and therapeutics in unprecedented quantities and im president to speed. And its clear that because old people out o
Were talking ever. That and much more on making money. Charles democratic president ial candidate Bernie Sanders reaffirming his stance that if you make more than 29,000 a year youre going to be paying more taxes to pay for the universal health care plan. Take a listen. What we will do, is have a 4 tax on income exempting the first 29,000. [applause] all right. Youre better at arithmetic than i am. Because what that means, if you are that average family in the middle, who makes 60,000 a year, well tax you on 31,000 at 4 . Charles man the guy is so generous. Not only does this sound unfair, i think will destroy our economy just as the middle class is beginning feel great about ourselves. Not talking about opinion polls. Talking about real life. Those same folks bernie wants to tax, theyre out there, spending money, creating jobs. Three retailers you know, great proxies for the middle class not only reported earnings. They beat wall street and raised guidance for the rest of the year. It
To lift tariffs in phases as the deal makes forward progress, but it may not get signed until december. The bank of england could cut growth and inflation estimates parties the u. K. Major suffer highlevel resignations. Commerzbank cuts its outlook. Good morning, matt. We need to talk about these latest headlines coming through on trade. They certainly move the market narrative. Matt they really are moving the market. Futures were little changed just about 30 minutes ago when these headlines came across. They jumped more than 0. 5 . Take a look at equity index futures. You are going to see big gains wherever you are trading. Futuresfrench, london, are all higher. If you look at u. S. Futures, you are going to see a very positive picture. After these headlines come out, certainly looks like it is going to be a risk on day. That may not be the case for Commerce Bank. Im here in frankfurt to talk to the cfo of commerzbank, stephan engels. It seems as if every time i interview him, he is a