Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a backstop from the troo z treasury hell be speaking tomorrow before the house financial Services Committee with treasury secretary Steve Mnuchin and this is required testimony about the cares act where they have to quarterly appear before congress and discuss progress with the lending programs. The terminology, highly uncertain, is that different from what the clair has used in the past. This is t
Recently jacob blake reporter have sparked protests across the nation. There are two systems of justice in the United States. Theres a white system, and theres a black system. The black system aint doing so well. But were going to stand up every black person in the United States is gonna stand up were tired, im tired, of looking at cameras, and seeing these young black and brown people suffer reporter there were also calls for people to show up and vote this november. We must march do the ballot box, or the mailbox, to demand the leadership we deserve reporter the rally ending with a march from the Lincoln Memorial to the mlk memorial. Obviously there were concerns of parked crowds during a pandemic. Everyone was temperature checked and event organizers asked people from highrivel areas to stay home. Reporter white house chief of staff stood by the president s assertion that his administration has done more more minority communities than any president in recent history. And here in the
Good morning to you. Hanging in the balance. 8 26. And we will remember ginsburgs life and legacy with im marcus washington. Breaking right now for you. Two women who knew her well. San jose police are Tropical Storm beta expected investigating a deadly stabbing. To make landfall today. Right now police are giving out few details, but that millions bracing for hurricane winds and flooding. Investigation has closed santa rescue teams on alert. Clara streets near San Jose City hall located on 6th street. This also is just a few blocks were there live and al is from san jose states campus. While we know someone died, police so far are not saying tracking the storm. Grim milestone. Anything about the victim or if the u. S. Tops 200,000 coronavirus deaths. Someone is now in custody. Cases on the rise again. And its not clear when santa clara street will reopen. Lets get a look at the and growing concern over events drawing big crowds. Forecast for you today. Meteorologist kari hall is track
U. S. Treasury secretary Steven Mnuchin said additional fiscal stimulus is needed urgently. The dollar steady after Strong Manufacturing data. Above 1. 20 for the first time in over two years. It does not last long. Does mattere level for monetary policy. It is 6 00 a. M. In london, 7 00 a. M. In frankfurt where they are watching the eurodollar trade. Good to see you. So, volatility. Is the equity market to greedy and the rates market under assuming vol in the u. S. President ial election . Good morning. Annmarie that is certainly what the Options Market is signaling, that this is the biggest event risk to date on record and that is of course the u. S. Election. It signals investors basically maybe being in wait and see mode until november. They want a bullish spread and a bearish spread. Have two exclusive massive interviews coming up this hour im really looking over to. Manus there are a couple of things. We have had a huge month of property deals go through. These are the two leader
It is showing how much power these businesses have to move the index in one direction or another, outweighing technology. As we look at the valuations 2000, the big underperformer today, relative to the median forward valuation on the s p 500, the ratio looks ugly, we are back down to the lowest we have been. I dont know if that is the denominator of the s p 500 continuing to decline. It could be both of those. It has been a downward trajectory, and we have yet to see it. Calls forwe have got questions to be asked of our guests as well. You are a growth investor. There are queries from viewers whether this can be sustained. We have been talking about the heady heights and valuations. You think the nasdaq 100 may have hit a wall here, or can it pull higher . I think we can continue to go higher for no reason at all other than sentiment. As a fundamentally biased investors, you believe you need to have some cyclical rally that comes through for most of these sectors to come to fruition.