Yesterday. Nasdaq down 2 yesterday dow futures indicated up about 26 points, nasdaq up by 30 and s p up by two. The 10year is yielding 0. 667 andrew we have news out of washington to tell you about democrats unveiling a new 3 trillion spending bill including another round of stimulus checks up to 6,000 per household and extending the weekly Unemployment Benefits that would go through january including 107 trillion to stabilizing rent and mortgages and a cap on state and local tax reductions for 2020 and 2021 of course returning the tax bill that hurt hightaxed blue states that hurt them the hardest saying the relief bill is a big ticket for a big problem House Minority leader called the bill a waste of time and an 1800page of liberal wish list with no chance of becoming law the fight begins the latest update on the efforts to reopen america. California governor announcing next phase of opening including some malls and museums offices that cant telework would be allowed to open with saf
For a closer look at the economic fallout from the coronavirus situation. Steve is dig through that right now and wee chell check in wit. Kelly. As mentioned the nasdaq was heading back to its record high, but now its under pressure. Down about. 5 at last check. Bob. Its under pressure because the mega caps are finally underperforming, its about time in the is all part of that broad evening o broadenning out of the market. You can see it again today. Whats outperform something whats doing better . Stuff that wasnt doing well a month ago. Weve had double digit gains in some of these banks. Fifth third up 15 so far this week. All of them are up double digits. Look at the retailers, nobody cares about macys or nordstrom. A few people are trying to do something. Some of these stores are up double digits. Gap, kohls, all up in the is for the week overall. Same thing with industrials. These stocks were not market leaders a little while ago. American, theyve had a great week. Theyre all up do
Rioters and arsonists left entire city blocks in ruins in some cases, barbaric in their attacks on people. In cities like rochester, new york, a man in white was savagely beaten for trying to stop a group of looters in a store under their apartment. And a dallas man trying to protect his neighborhood was beaten within an inch of his life by these socalled protesters and demonstrators. The man is stable, but police have made no arrests whatsoever. Nearly all of these ugly scenes of vicious mobs rioting unfolding in the streets and neighborhoods of democratic partyrun cities, democraticrun cities. And local Law Enforcement in nearly every one of those cities was apparently ordered to permit leftwing extremist groups including antifa run rampant to do as much damage as possible to property and injury to citizens and Law Enforcement alike as they chose. Where were those mayors, where are they now . And why arent citizens demanding these mayors, these city council members, these Police Chie
Crude posting its longest winning streak in a year. Opec cuts may be draining the blood. And top fed officials weigh in on negative rates, saying such a move is not on the agenda for the foreseeable future. Shery lets get to a quick check of the markets. We are seeing u. S. Futures holding steady, after we saw the s p 500 fall on rising u. S. China tensions that we saw in the regular session. The s p 500 fell eight tense of 1 . Technology and utility also leading the losses. We have heard from china responding to act as asians from President Trump warning that responding to comments from President Trump warning that nasdaq sides biggest composite fall in more than a week. We also have some abysmal Economic Data. Millions of americans claiming jobless benefits. We are seeing wti under pressure, but still above the 33 a barrel level. This after sessions of gains. We are talking about the longest winning streak in more than a year. Haidi and really that crude story may be a bright spot as
Protesters turned into a mob. Rioters and arsonists left entire city blocks in ruins in some cases, barbaric in their attacks on people. In cities like rochester, new york, a man in white was savagely beaten for trying to stop a group of looters in a store under their apartment. And a dallas man trying to protect his neighborhood was beaten within an inch of his life by these socalled protesters and demonstrators. The man is stable, but police have made no arrests whatsoever. Nearly all of these ugly scenes of vicious mobs rioting unfolding in the streets and neighborhoods of democratic partyrun cities, democraticrun cities. And local Law Enforcement in nearly every one of those cities was apparently ordered to permit leftwing extremist groups including antifa run rampant to do as much damage as possible to property and injury to citizens and Law Enforcement alike as they chose. Where were those mayors, where are they now . And why arent citizens demanding these mayors, these city coun