House democrats accuse apple, google, facebook and amazon of abusing their market power and that Congress Needs to rein them in. Eli lilly asking the fda to authorize emergency use for its experimental covid19 antibody cocktail those shares are rallying ahead of the open. Jim, markets trying to do a bit of a reset now as goldman weighs in this morning and says airline stimulus likely, further ppp probably not likely. What are we . Well, i mean, i think that the market went down after what the president said the president was talking about market hitting new highs and the only person that was sending them down was him. I think he does react. I think it is probably, youre not going to get that, say, listen, the dow was down, there is really in other reason. He completely dismissed Speaker Pelosi i dont know what he did with what secretary mnuchin was speaking about, whether there were phone call going on and they were irrelevant obviously he addressed the fact that the senate was interes
Protection, he wants 1200 stimulus checks, that is what he wants, not Speaker Pelosi democrat state bailout commonality this, the markets reaction, selloff tuesday in a reversal this morning, the dow will be up 200, look at that and nasdaq up about 100 points, that is a reversal, heres another blockbuster, declassified documents show in 2016 the cia director john brennan personally briefed president obama on Hillary Clintons alleged candidate trump to russia. His notes made right after you briefed obama showed clintons during up the scandal to distract from her email problems and obama knew all about it, by the way the broadcast network did not cover this at all. 0 coverage on a blockbuster story, maybe mike pence will bring this up at the debate tonight. This is a major event. We are less than four weeks to the election and senator harris has a strong chance of becoming president given joe bidens age, he will be 78 on eggnog ration day, she will have to answer the question that biden
Know, ive been long microsoft, long apple, and long amazon. Well, given where we are, giving that we are seeing a bit of a surge in cases for covid19 in texas and in florida, given that we have a Federal Reserve meeting i have too much risk exposure out there so i identify these three companies, scott i say to myself, given the significant price appreciation, which Management Team do i trust most, to be most judicious which is cash, and history will show that amazon is liberal in terms of spending, therefore i decided to step out of amazon. I still own apple. I still own microsoft. It raises so many questions, joe. Thats why i wanted to start with you today this is one of those stocks that is up just huge off the market bottom there are many others on the list assist i said, is it time now for our viewers, joe, to reassess everything theyve been writing since that day on march 23rd when stocks hit bottom . I get the problem i have with it is theres a degree of ignorance regarding asset
I know youre loathe to lay into fiscal policy but given forecast for Unemployment Rates, do you think its important that congress extend the extra unemployment benefits. I think were trying to keep our comments on fiscal policy at a high level ill come to your specific question let me just say this, this is the biggest economic shock in the u. S. And in the world really in living memory we went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months extraordinary. Appropriately the response there fiscal authorities has been large, forceful, and very quick by the standards of these things roughly 3 trillion congress has authorized, and thats benefiting households, laid off workers, small and medium businesses, hospitals, state and local governments, 14 of gdp, its in a class by itself in terms of both the size and the speed of it. Its also pretty innovative. Both the ppp and Unemployment Insurance are quite innovative in th
Best friends get through the quarantine or, is it the other way around . Put your mask on. Announcer this is the cbs overnight news. Good evening. Im lesli foster reporting from wusa 9 in washington, d. C. Small businesses and banks are getting ready for a mad dash as the new Coronavirus Relief program rolls out tomorrow. The first fund ran out of money. Deaths from the virus in this country now top 54,000. But things are improving slowly. At least 20 states are set to bring back business some way in the coming days, but it will be a new normal. Dean reynolds begins our coverage. Reporter in guthrie, oklahoma last night, the bulls and their riders were bucking in front of empty stands. Lets go, lets go its showtime reporter near sioux falls, south dakota, a big race took place, but it was a driversonly affair. Such is life these days as fears of the virus overtake a desire for public gatherings. South dakota doesnt anticipate a peak in positive cases until the middle of june, but there