What is clear, is that the Senate Republican proposal on not rise to the moment. The democratic bill has been on in federal law cases where the republican built only requires data a no knock warrants. Democratic bill has a publicly available nationwide database on this conduct. So that Abusive Police officers who were fired cannot simply go to another department some rest in the country and get hired. The republican been moved bill we keep it almost entirely shielded from public view. The democratic bill benson took hold and tactics that have killed black americans. The republican bills only those that restrict the airflow in a blood flow pretty provide exceptions when deadly force is needed. Who determines when deadly force is needed to pretty usually the police themselves. In the course different in their judgment for the republican bill is silent on racial profiling military local Police Department sprinted and perhaps the greatest flaw in the republican proposal is that it is missi
It is still up there, unchanged for now. President the suspended temporarily visas of hundreds of thousands of workers used to work in the united visas, including the h1b used widely for immigrant employees in Silicon Valley. First, a check of the markets. Ending the day slightly up despite all the political commotion. Abigail doolittle has been watching the back and forth. Investors again looking past the bad news. Why . Most part, they are looking past the bad news. Relatively risk on close. Close itself in the past couple of hours, not so great. At the highs, the s p 500 and nasdaq up more than 1 . The nasdaq of course closing at yet another record high. That has to do with todays strength, the stayathome stocks and stayathome sectors. Both at aamazon closing time. The longest winning streak since july of 2019. The stayathome team has emerged. A couple of weeks where the cyclical sectors were doing better. As the virus has started to hotspotscertain areas, created fear. Weeks, thest
Lets go to kailey leinz. What ist to talk about leading todays session. It is big tech names like apple. Of course, they are heavy, seen insulated from any kind of virus resurgence. What is second to tech come underneath the surface of the s p, is utilities. Usually we see utilities getting a boost from lower yields that are kind of high dividend stocks. More the story is that it is summertime and things are starting to get hot. We are expecting temperatures over 100 and some parts of the american west. That is good for electricity companies, the likes of dominion higher between 2 and 5 . Stayathome Companies Like wayfair, a big beneficiary over the course of the pandemic. Other big beneficiaries have been range resources and of course oil companies. Wey are up around 200 as have seen oil recover from the negative pricings we saw a few months ago. Moderna as well. Really big news we have seen. We have also seen dramatic moves in the bond market. We have the fed coming in with unprecede
Booker and heres in the senate, developed in conjunction with Congressional Black Caucus and house democrats. The bill represents comprehensive strong andef enduring reforms to police department, the most forceful that a change in decades. This morning in the Senate Republicans have put forward a separate proposal led by the senator from South Carolina. Weve only had the bill for a few hours and are reviewing it but what is clear is that the Senate Republican proposal on policing does not rise to the moment. B the democratic bill has a bent on noknock warrants in federal drug cases, while thell republin bill only requires data on noknock warrants. The democratic bill has a a publicly available nationwide database on misconduct so that Abusive Police officers who were fired cant simply go to another Department Summer else in the country and get hired. The republican bill would keep such information almost entirely shielded from public view. The democratic bill bans choke holds and other
Across the americas. The spread is unacceptable. South korea braces for a second wave. Lenders are backing away. Bank of considering cutting a credit line, writing off its and calling it quits. We are just getting some indications, early indications of the economic rebound in australia. The cva australia pmi manufacturing preliminary number for june bouncing back. Just in contractionary territory but certainly much better than the 44 from the previous reading. The Services Number also much better i we get parts of the Services Economy reopening after the restrictions coming in at 53. 2. The previous reading was 26. 9. That composite number for june, 52 point six. 28. 1 and out of contractionary territory. That is a preliminary reading but things looking a bit more positive. Also looking positive for asian markets, lets get over to Sophie Kamaruddin for a look. Futures are in the green with s p eminis and he restocks resuming gains while the aussie dollar remaining on the on foot at the