Jobless claims news, over last nine weeks, over 40 million americans applied for first time jobless benefits this is expected to be about the worst of it. We might see an unemployment report tipping 20 or so. That could be the worst of it or at least that is the hope. Lets getted read from Jackie Deangelis following what is happening on the virus, following what is happening on the markets putting it all together. Hey, jackie. Reporter neil, with respect to a bumpy ride the markets are a little confused today. Down 50 points, this is smaller bump than weve seen in the past which is definitely a good thing. The big question has always been as states start to reopen, are we going to see a spike in cases . That was always the fear, the argument against reopening. Here is what we know, global cases topping five million but that doesnt really tell the whole story. Testing has become more readily available. More people being tested. It will look like more people have the virus, presumably be
Party that is trying to get back into the white house, times are pretty good, how can you argue they are bad. Hillary with your reaction. The one thing that has dominated the news cycle after the debate last night is the word wine cave after Elizabeth Warren went headtohead with Pete Buttigieg over a fancy fundraiser in california where he wined and dined high dollar donors. The mayor just had a fundraiser that was held in a wine cave full of crystals and served 900 a bottle wine. You should not pick the next president of the United States. Im the only person on the stage who is not a millionaire or billionaire. This is the issue with issuing purity test your self cannot pass. Bernie sanders jumped on board with the wine cave critique circulating the spin room with a new website on their tshirt pizza wine cave. Com. Also Elizabeth Warren brushed off criticism of her well tax proposal and said it would hurt Economic Growth and former Vice President joe biden said he would happily switch
Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So
Your calendar or in front of our San Francisco library, they are unveiling a beautiful tribute a monument to dr. Maya angelou called a monument to dr. Maya angelou a phenomenal woman and it will be a bronze book with her face on the cover of the book so they will be unveiling that on the lock street entrance of the San Francisco library on september 19th at 11 00. This is a very special city to dr. Maya angelou and we are not banning books here in San Francisco. [cheers and applause] she was a lover of writing, a poetoriete and no matter where i roam im proud about that our bay and were not banning any books, were not banning any authors, we dont shut people out, we welcome them, no matter what they look like, who they sleep with, how they walk, how they talk, how much they have in their pockets, people are still coming to San Francisco bay area and theyre looking for something, we hope they can find it. We cant leave technology out as were thinking about trailblazers and tonight were
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