Stocks your morning rbi is all about people making a return to the airports kind of. It is tuesday, august 11th, and this is Worldwide Exchange right here on cnbc well, good morning, good afternoon, good evening, and welcome, wherever in the world you may be watching. I am Brian Sullivan. Hope you had a nice weekend as well i know its tuesday but its the first day back for me. Lets get to it and see how your money and the Global Markets are setting up their day stock futures are soaring, look at that, up 266 points right now. They are well in the green this is coming off a lot of recent momentum. The dow gaining about 350 points yesterday. If you are counting at home, and you probably are, thats its seventh positive session in a row. It is the longest winning streak since september. The s p 500 also on the rise as well, now less than 1 from its record high set back in february you got millions unemployed, trillions in stimulus, and maybe thats the reason, and we are less than 1 from ou
The president cant do that. On top of that you have a null gdp report that everyone envisioned. Claims are stubbornly high. That is weighing on investors right now. Spiking case, worldwide whackamole, no sooner control in one country than pops up in another. Germany, the posterchild how you handle a virus is reporting spikes in cases as well. Doesnt seem to be matter if youre welldisciplined on this, it is still a major concern. Right now cases are popping up and deaths increasing at the rate of one every minute across the globe. So well be following all of that. Also following a lot of developments on capitol hill. True to our name, coast to coast. Were watching in washington, d. C. , scramblings and moving as fast as we can getting a stimulus going, as far as dollar amounts. Republican plan. A trillion dollars, still generous but not as generous as the democrats 3 trillion out of the house. Well monitor. That well monitor what is going on in portland and also what happened in Cape Ca
We have three markets. Maybe even more. After a day where the dow advanced 39 points, s p declined. 05 , nasdaq did one point, i want you to forget about the averages for a second or a week or a year or until the end of the pandemic. Thanks to the onslaught of the coronavirus, something that no ones ever seen, were seeing Something Else thats incredible not just the complete untethering of main street from wall street, but the disentangling of even small publicly traded companies and medium size ones from the big dogs that have it easy and can handle this hellatious moment. We all know main street isnt wall street. When we get another hideous jobs loss claims number like we did this morning, now were seeing more separation, that is its stunning. In my 40 years of investing, i have never seen anything like what im about to talk about so im going to walk you through what could amount to a destruction of a fair share of American Business that incredibly might not impact much of the stock
They are right now. Neel kashkari helped pull the nation out of our last economic crisis. Now with the Federal Reserve, he has a frank view of what must be done to save the economy from coronavirus. Having been on the front line of the 2008 financial crisis, and i saw how devastating that was, we did get through it. We will get through this crisis. Rightwing populism is making a notsosubtle comeback in europe. We found an interesting example in hungary, where a Government Program intends to stimulate birth rates by taking over fertility clinics, offering free treatments, giving cash loans, and even subsidizing minivans for young, married couples who become new parents. Im lesley stahl. Im bill whitaker. Im anderson cooper. Im jon wertheim. Im scott pelley. Those stories, tonight, on 60 minutes. ticking togethe a hand especially now with 6month payment relief. Buy a new ford, well defer 3 payments and make 3 payments for peace of mind up to 6 months. Shop at ford. Com or contact your fo
Bill. The longawaited analysis of the newly passed house bill was released tonight by the congressional budget office. In the first calculation of its potential impact, the number of uninsured would increase an estimated 23 million by the year 2026, and federal deficits would fall. Kayla tauschy has the details from washington. Kayla, what are basically the most important aspects of this particular bill . We do see a slight rise in the number of uninsured compared to past bills. Reporter sue, actually the cbo said that there would be a slight improvement in the number of uninsured compared to previous versions. The cbo said there would be 23 million fewer people insured, compared to 24 million in the previous bill. What changed over the course of time was there were two amendments that were put forth, one my congressman macarthur, one by congressman upton. The macarthur amendment sought to give states flexibility while upholding protections for customers with preexisting conditions or