Especial good morning on sirius xm channel 119, and the path of hurricane laura. That will be a long pass of rain over the next number of days. It is a natural disaster, and every expert says, not that it will affect national gdp, but nevertheless a profound storm. Lisa it really raises the question of what resources the United States has to do with a storm of this magnitude, the biggest storm hitting the u. S. In records going back to the 1800s. How much we have to combat this at a time of such economic distress. Tom galveston here, i believe, and the sunrise over to lake charles and onto new orleans. The path really centered right on the louisiana western border and texas eastern border. Landfall with 150 miles per hour, a scope back to 1856. We fall back to the jobless claims in 28 minutes. We are numbed by one million a week. Lisa i dont understand the relationship right now between the economic at and markets. We are at record highs for the s p and nasdaq, a little off that, and y
New infection rate increase of over 10 . He called her that definitely an uptick, which is generalized in europe. There will be new effort today to make progress on the next round of pandemic relief. White house chief of staff mark meadows and the nancy pelosi will speak by phone this afternoon. Talks at an impasse three weeks ago, meadows predicted there would not be a stimulus deal with democrats until the end of september. The size of about 1 trillion apart. Killed 51 worshipers at two new Zealand Mosques last year was sentenced today to life in prison with no possibility of parole. It is the first time that sentence has been imposed in new zealand. The march 29 shootings prompted new laws banning some semiautomatic weapons. They also prompted global changes to social media protocols after the shooter livestreameds attack on facebook. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Cr
, with Karina Mitchell. Karina joe biden and Kamala Harris gave made their first appearance as democratic running mates, criticizing President Trump for his failure to respond to the coronavirus pandemic. It could be one of the few times they campaign together. Pandemic have pandemic restrictions have limited his in person events. President trump can make his nomination acceptance speech from the white house or executive residence, according to an advisory opinion. Generally, Government Employees engaging inrom political activity while in a government building. Airbus, the Trump Administration is imposing extra tariffs on some goods from germany and france. At the same time, some products from the u. K. And breeze and greece are taken off the tariff list. Extra tariffs are being allowed because of the airbus dispute. In the u. K. , Boris Johnsons Government Faces a coronavirus pandemic. If it withdraws massive support for jobs and wages too soon, it could tip the u. K. Into an unemploy
A beautiful new york today. Good morning in washington boston. Early good morning out in san francisco, to all of you across this nation on sirius xm. We also say good morning to anna edwards in london. Why are we doing this . It is august. Ferro is off. From whats is off abramowitz is off. I said, i want anna edwards, and here she is. I am going to go optimism here with bob doll any moment, with home depot and walmart and all that. Explain to our american audience the place of Marks Spencer in the United Kingdom psychology, and what it means that one in 10 bodies will be shown the door. This isnt necessarily a very optimistic way to start the hour, but Marks Spencer, a huge retailer that was on every high street in the u. K. It is going to be getting rid of one in 10 of its staff, mostly through retirements and the like, but it is not just about covid19. This is a secular trend that has been affecting the retailers. Not only do they have to deal with the fact that a lot of their custo
Average stock down 6 . It has been one portion of this market which is absolutely ripped through 2020. Lisa are we at the phase of recovery where you can go into more cyclicals, given the fact that you saw a bit of an increase in treasury yields . Treasury yields coming back down today. We are going to be getting data, though, i date 30. One thing i am at 8 30. One thing i am watching is the jobless claims, still expected to come in at over one million americans in the past week, even though it is expected to come down. A. M. Aen 40 5 10 45 a. M. Conference from Speaker Pelosi on the road to nowhere. Each week that this goes on is more pain. Selling 26, u. S. Billion of 30 year notes. Strong demand all around, which has given investors some comfort that the bid isnt going to dry out. Jonathan starting with equities, equity futures this morning looking like this on the s p 500, against a bond market that is doing ok. On thefutures unchanged s p 500. In the market, in the bond market, a