Foreign Relations Committee hearing on the president s pick for several ambassadorial positions including james story to be u. S. Ambassador to venezuela, and William Douglas to be the u. S. Ambassador to the bahamas. Want to thank each of our nominees today for their willingness to serve in these important roles and to my colleagues on this committee for joining this hearing. One of this committees most important tasks i have discovered is to review and evaluate the president s nominee to serve in critical posts around the globe, like those you aim to serve. These nominees serve as the most window into america and to our universal values. ,he willingness of talented qualified individuals to serve has never been more valuable than it is today. As American Leadership is crucial in bringing the world out of the shadow of covid19. In advocating for American Values, defending human rights, transparency, and Economic Freedom and seeking to ensure a more secure, stable, and prosperous world,
Donors he would get rid of most of trumps tax cuts. That wouldnt be good for stock prices or your 401 k . Right now we see the dow losing maybe 90 points at the opening bell, 25,400. The s p will be down and the nasdaq is off about 20 points. No serious selloff at this point. But we do have dramatic stories breaking this morning. Overnight, a young black man, 16 years old, shot and killed in the seattle chop zone. Its the fourth shooting there in nine days. Democrat mayor durkin said the zone would be removed. It is still there. In new york city, the city votes on taking a billion dollars out of the budget the police budgets. Mayor deblasio calls it real redistribution. This follows a devastating blow, the citys 15 billion theater industry will stay closed until next year. The democrats trash the president and mt. Rushmore. A tweet from the dnc says the president will be quote, glorifying White Supremacy when he attends a fireworks display there on july fourth. But its okay. They took
Infectious disease expert Anthony Fauci says the u. S. Could risk 100,000 coronavirus cases per day if this behavior doesnt change. In england and wales, the deaths fall to their lowest in 12 weeks. Slow start stocks dip in asia after indexes in the u. S. Post their best quarter in more than two decades. Manufacturing pmis today in europe, a sign of confidence in the recovery to come or not. Airbus begins the biggest risk structuring and its history. With theut 15,000 jobs majority impacting the main bases of germany and france. Just our under an hour away from the start of cash equity trading in europe and u. K. Lets take a look at futures right now. We finished down on most of the european indexes yesterday. The dax closed higher yesterday. We are still looking at futures lower for the euro stoxx 50, the futures, and the dax across any european contract. Quarter toout one 4 10 of 1 . Take a look at futures in the u. S. After 1. 5 gain on the s p 500 yesterday. Futures are now pointin
A new local measure bans noknock warrants. Well look at the National Debate over ending the tactic. And the call to action. Well talk with l. A. Clippers chairman Steve Ballmer about his new challenge to white Business Leaders to join the fight against racism. Really looking forward to that. First, heres todays eye opener, your world in 90 seconds. The nations top general is apologizing for his role in President Trumps photo op after clearing protesters with flashbangs and pepper spray. The photograph of me at Lafayette Square last week sparked a debate about the role of the military in civil society. I shouldnt have been there. Im not allow seattle to be occupied by anarchists. Seattles mayor is pushing back as protesters occupy and abandon police precincts. The threat to invade seattle is not only unwelcome, it would be illegal. Donald trump praising the National Guard response to minneapolis protests. They went in, and it was like a knife cutting butter. Right through. Calm. Coronav
Chinese demand levels almost at precrisis level. Time for todays market moving news from our washington and new york teams. We want to start with fed chair jay powells comments on the economy. In an interview with cbs, he expressed confidence in the recovery, but timing is still hard to predict. Chair powell the economy will recover. It may take a while. It could stretch through the end of next year. We really dont know. Michael mckee, International Economics and policy correspondent, has more. Was there anything new on cbs . Michael nothing really new, just summarizing what we already knew from the fed and from economists and disease experts. He suggested that what it is really going to take is a vaccine before people feel really confident and the economy can start to move back in the direction of where it was before all of this started. He said congress and the central bank may need to do more to keep us afloat during that period. Appropriate government policy could buy time for work