Ken frazier earlier on squawk on the street, take a listen to this when theres unrest, people put out statements, they put out platitudes they say this is terrible. We decry racism. We believe we ought to build a just society i think business has to go beyond what is required here before the pandemic there was 12 milliontilunfilled jobs in this country and 5 million inner city kids who want access to the economy. They want to be participants, citizens and consumers what they lack is the education, they lack the training there are opportunities for programs ken is so right well talk a lot about how American Business, how the corporate sector tries to heal this country thats obviously broken youre correct. It is the corporate sector and some of us would say other than the Atlanta Mayor who gave such a tremendous speech, were looking for leadership maybe we find it more in corporate or im reminded gina rometty created low income and low opportunity neighborhoods where she built schools, p
In chicago some ways this was very specific in the wicker park neighborhood. Theyre hitting Liquor Stores and salons, getting bottles of shampoo. Hitting clothing stories. Other ways it is very indiscriminate. They are hitting Small Business and you can see they hit the target which is now being boarded up as we speak. It is about cleaning up, boarding up buildings that have been hit. Boarding up other buildings to prevent this from happening again. I want to show you video from over the weekend. What happened here in chicago, they shut down Public Transit into the downtown areas where we saw protested on saturday night. They shut down main arteries into the downtown area. As a result of that, the protests and looting became more scattered. They hit suburbs and south side. Where we are outside of the Downtown City Center in wicker park. I talked to a Small Business owner not far from here. She was getting ready to reopen the clothing retail space on june third. Because of this it is de
Where the owner says he can barely keep up. Its been two months and for reporter owner john some its felt like much mcdonald says hes five days behind in getting bicycles repaired by the promise date longer. Finally today things are moving for customers. In that direction again in napa county. Two months after putting up a sign that said to go orders only its been an explosion i dont think anyone could have joe can finally do this. Im going to take that sign seen coming. Down. He said the first Available Service appointment is the beginning of june. A resident downtown joes, a lot of service. Jumped at the first chance to people pulling bikes out of the welcome back customers for dining service. A lot of folks ask me why their dishwasher closet they have not touched in doesnt get everything clean. I tell them, it may be your detergent. 10 years or so. Mcdonald said the high demand is equal Parts Service thats why more dishwasher brands recommend cascade platinum. Of older bikes in the
Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak
Human being for eight minutes and ended his life. And many millions of americans are angry. Especially in minneapolis. The policeman who killed george floyd, and the three other cops who stood there and did nothing to stop it were fired. But none of them had been charged with anything until today which was almost certainly a result of what happened last night. And the fact that no charges were filed for anyone who saw that video was hard to understand. So yesterday, late in the day, the us attorney, the county attorney and the fbi held a joint press conference, which was intended to reassure everyone that justice would be done. But it didnt. It made it worse. And so again, protestors gathered. They threw rocks, they set the Police Station on fire. The police had to abandon their headquarters. They abandoned the neighborhood. Stores were set on fire. There were explosions. It was scary. It was dangerous. Some of the angry people started looting, breaking windows, stealing merchandise, s