United states, and it is simple. He wants to get this thing done now. Jonathan he was asked specifically about some of the details in a News Conference yesterday evening. He took a sidestep. He is leaving the swing to secretary mnuchin. Weve got a real fiscal test, and yet this equity market is still doing ok. Futures this morning up 11. Tom it is an absolutely fascinating tape. Point, lisa is going to talk italy, spain, something. Look at where the vix is. Crisis over. Jonathan dr. Talk about the data 90 minutes away, initial jobless claims. To seehis will be key the deceleration, potentially even decline in job growth. At 11 00 a. M. , the other backdrop is the widening deficit in the United States. The u. S. Treasury set to announce their plan to set sales of debt. Later today, Major League Baseball is kicking off with a shortened season, the shortest since 1878. The think is against the Washington Nationals cardboard cutout fans. Jonathan it is the shortest season since 1878. Thats
Miami is extraordinary. Francine it is. What we are seeing in the u. K. , ester 10 daysc ago. It seems authorities have a better handling to track and lockdown onng this this city instead of everything. Very different in the u. S. Where cases and deaths are rising and at record highs. Tom amazing to see the acceleration in the death rate in some of these states. For our international audience, it is in america, riveted by this virus. Ritika morning. Coronavirus milestones climbing in the u. S. , new cases climbed over 60,000 in one day for the first time. Florida,lifornia, Record Number of deaths. New york city events requiring permits have been canceled through september. The u. S. Is set to take the next step in a battle with france over taxes on technology giants. The u. S. Will impose tariffs on 700 million in french goods including wine, cheese and handbags. Biden has laid out a plan that will make americas economy better than it was before, he says. To boostdate wants manufacturi
Because the threat posed by covid19 remain serious and widespread, we are proceeding in the best manner we can, remotely in todays case in order to ensure the safety of our witnesses, members, staff and the public. Todays conversation is essential to the oversight of how we should adapt and meet the challenge of increasingly assertive china especially in the backdrop of a Global Pandemic. I had hoped this would be a bipartisan discussion. Unfortunately, without reason or justification, republican colleagues have decided to absent themselves from the committee. I repeat my hope they will reconsider and join us for future unclassified public hearings and unclassified closed roundtables. We will continue to have them as they are being used to frame the oversight issues and requests and inform our members of the various threats facing the country. The American People expect congress will continue doing its job even in a pandemic and that means showing up at a minimum whether we want to or
Surveillance. I am Francine Lacqua. These are your markets. A lot of these european stocks higher at the opening. Now they are down a touch. Lets call it flat. I am looking at oil. A lot of the picture is contingent surrounding iran so you see a little bit of a lift up for american crude. What is going on with these european markets and you are seeing it reflected in yen. Yen is the one story that is the haven. Any risk attitude is reflected on yen. European stocks, a lot of investors are looking at these amounting into political risks. Ifore getting some figures. The german index, 97. 4. We get up around we get the with hernan a cristerna. Lets get to the bloomberg first word news in new york city. The drumbeat for Federal Reserve rate cut is getting louder. Minneapolis fed president says he called for a reduction at last weeks meeting. These comments reinforcing expectations the central bank is on course to cut rates. Trump says he would be able to demote fed chairman if he wanted to
Welcome everybody scary situation there. The dow the s p and the nasdaq hitting new highs. If we close at another record high today it would be the 70th record close this year breaking the 1995 record for the most closing highs in any year. With the gains the dow is up more than 5,000 points this year that is obviously never happened check out the individual movers. Etf on pace for its best day since december 4th abercrombie leading the way. Best buy trading at an all time home and dr horton and berkshire hathaway, 300,000 a share and now 23 this year topping the s p 500. Wow. Lets get straight to the rally. On the floor of the nyfc. Big enthusiasm. You might have thought the tax bill was priced in but apparently not as he mentioned consumer earnings today are leading. Both benefiting from the tax bill a fairly broad rally the only thing not big is the volume more like Charlie Brown Christmas Tree size. Modest yet still shining bright. Take a look at the all time highs. 58 on the s p 5