Trumps Health Condition seems to be improving following what by many reports was a bit of a rocky weekend. And part of that improvement is thanks to an experimental treatment from regeneron shares of that company are up 7 well look at the stocks behind the president s battle of coronavirus. And later, fears of a second wave sweeping the world. What does it mean for economic recovery here in the u. S. And around the globe power lunch starts right now at thtyler, thanks. There is hope the president will be discharged soon and a stimulus deal will get done eventually first we start with tKayla Tausche tracking the president we have been waiting for several hours for an update on the president s condition, whic we still have not received here youre looking at the scene right outside walter reed where we will take you later this afternoon. Meanwhile, the cluster of cases at the white house is growingpress secretary Kayleigh Mcenany stating after testing negative sentconsistently, incln ever
And so that patients low leave the Emergency Department without knowing whether or not theyre positive for coronavirus and thats really a function of how few tests we have. Available to us whether thats here in in the hospital or uncertain clinics. So you really need to get up our game here. With testing as you may have heard the fda recently. A lot of Quest Diagnostics to do some degree cool testing which is really the force was in the same test kit to see whether someone review positive within that group. The theoretically that think stands and testing capacity. Were really struggling with a lack of test today. This interview first ran on kron on which is our 24 7 commercial free new streaming app weve dropped the pay wall during the covid19 pandemic so make she downloaded today for free to stay up to date on the latest developments during the crisis. A new study by the cdc suggests that more people in america may have been infected with covid19 than the official numbers show. Resear
Centered about 65 miles southeast of parryville alaska. Its the blue circle that you see there just off the Alaska Peninsula coastline. A depth of about 17 miles o is pretty far down luckily all tsunami warnings have been called off the Pacific Tsunami Warning Center says there are no threats currently to the u. S. Or the canadian coast lines. According to the usgs since 1900 theyve actually been about 6 other earthquakes of this magnitude or stronger within about a 200 mile radius of last nights quake. The largest of it was about an 8. 2 that was way back in 1938. Now this map here shows you the severity of the shaking that was felt right at the epicenter of course major shaking was occurring but as the waves propagated out and finally reached the peninsula coastline. Those waves were more of a moderate to weak sensation which means that damage probably on the very light side if any at all no reports of any injury or damage, but well let you know if we find out anything different. Dow
Our top story this morning, the dow is continuing to rally, up more than 150 points as all three major indexes hit another record high earlier. For more on this, joined by chief investment strategist jim paulson. Good to have you back. Thanks for having me. We have been wondering why equities are rising in the face of rising yields some economic release disappointment clearest explanation is that even the bears are afraid of missing this train thats leaving the station. What do you say . I disagree with that in part, it is an incredible market, incredible price momentum. Maybe it is simply the resulted weve never had just breakout of optimism in all sobbiectors of economy, everything from main street to wall street looks good it is so rare in this recovery to have that feeling, it is just an unbelievable up side price momentum it is not that the markets are going up dramatically, up maybe 25 in the last year certainly good, but not like a 40 meld up run. It is more the fact it never go
Good morning welcome to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost good morning to you from me as well well get to the markets and the agenda including an ecb meeting, but first the latest on Hurricane Irma the most powerful atlantic hurricane on record hammering a string of northeast caribbean islands with winds up to 180 Miles Per Hour the category 5 storm has already killed at least eight people millions are without power in the caribbean. In the island of barbuda, 90 of the buildings have been destroyed. A full report coming up as florida, georgia and the carolinas brace for irmas arifl arrival. U. S. Future force y u. S. Future force y for you a day of gains a quarter percent move higher yesterday, that comes off a selloff on tuesday but that was the only negative session in six for the dow and eight for the s p and nine for the nasdaq, within all this talk of pullbacks and directions is well worth noting. So yesterday slight gains by a quarter percent. This mornin