Nearly 2,000 americans died of the deadly disease yesterday, the highest death toll since early may. As daily infections now top 100,000 for nine straight days. In fact, yesterday, 143,000 plus. Businesses are faltering so we are going to take you live to chicago, the city that may be the epicenter of the next major lockdown. Meanwhile, reliance on the cloud more important to business than ever before. And we talk to a ceo about how it clears the workfromhome runway of any debris for the biggest businesses in the world. This is a fox business exclusive and they are publicly traded. Baby yoda the hottest new star in disneys Magic Kingdom but will streamings popularity have the power to offset its shuttered parks when it reports earnings after the bell . Our power panel is about to give the mouse house stock an inspection. First, this fox business alert. Even Federal Reserve chairman jay powells measured calm and assurance that the recovery has been faster than expected, not enough to so
When the time comes, after the crisis has passed, we will put these emergency tools back in the tool box. I would stress that these are lending powers, not spending powers. I will also note that we design our facilities to work for broad ranges of businesses and municipalities. We do not target particular firms or industries. Elected officials make decisions about where to direct such target relief. The cares act and other legislation provide direct help to people, businesses, and communities. This direct support is making a critical difference. Not just in helping families and businesses, but also in limiting long lasting damage to our economy. Public faith in our operations depends on transparency. If the fed were committed to that, particularly in deploying our emergency powers. Thank you. I look forward to our questions. Thank you very much, chairman powell. I now recognize myself for five minutes for questions. As i mentioned in my opening, the pandemic is strengthening and so, to
If we can find an accommodation to get everybody on board. If not, we will vote next week. Mr. Wilson will be held over the circuit judge for the fifth circuit. Weve got to matters on the agenda, mr. Walker. The u. S. District judge for the District Of Columbia subpoena authorization. I dont know ifug we have enough but i thought yet i would make an Opening Statement here. Heres where im going when im trying to accomplish. I thought it was important to give mr. Mueller the space to complete his job. I thought National Council needed to be appointed after comey was fired, not that i doubted comey was lawfully terminatedwa but Jeff Sessions s a member of the Trump Campaign and the accusations worked at the Trump Campaign was polluting colluding with the russians, for lack of a better word and mr. Rosenstein and conducted by operation. I supported that, i was going in my comments about mr. Mueller. He is a good man. The report has been completed and he was able to do his job and the resul
Overseeing the crisis. With baby and birthing and mom thank you. Its more important, more so you bet. Processes, cant be overcome in important, to make sure the mother and baby are as healthy more news on the 2 trillion as possible. Coming up next, doctors and i think youre not going to see nurses in their own words on the it spread across the country desperate need for more supplies unless theres more hot spots to handle the coronavirus recovery package, but what will a satisfactory manner. Crisis it look like for the average American People. Around the country hopefully it only lasts a few but first this is today on lending a hand. Japan now facing an impossible nbc. We made usaa insurance for members like kate. Choice, host the summer Games Private Companies Step up to weeks here because we ned to make sure this is under control. During a Global Health emergency lend a hand for the crucial medical shortage. If everybody does their part, we will get it under control a or delay and ri
We should also note that yield curves around the world are feeling the pressure as well we did have on friday the german bund, the 10year, falling to its lowest level ever. As for the asian markets, the nikkei down by 1. 75 hang seng also pressured by what is going on in hong kong in terms of the protests there, down 3 . Shaun hi shanghai down 1. 6 in europe, red arrows across the board. Dax is down 1. 35 . Ftse down, as well we have a stronger dollar against the major currencies weaker crude, wti down 0. 7 . Brent down 0. 75 . Couple safe haven trades working this morning, gold prices are up. They actually have been on a great run. They were under 1300 about two months ago you see them up only slightly, little less than 1 , probably because they had been so strong lately not a lot of oomph year. Bitcoin also getting a little bit of a boost right here. Obviously, a lot of capital and motion across borders. That could help the sentiment toward bitcoin you see it up 7 at 11,750 lets talk