Still prefer Online Shopping in the time of covid. Aus, facebook, historically staunch free speech supporter, they have cracked down on holocaust deniers and and have asked ads. Is it part of a trend . Recent gains have outpaced prospects for a quick end to the stalemate over fresh economic stimulus. Lets bring in abigail doolittle, following all the back and forth. Not good news for future stimulus. Also, bad news about some of the vaccine trials. Abigail there was a lot of back and forth. A topsyturvy day for stocks. Especially the nasdaq 100, down half a percent, up half a percent. To break a fourday winning streak, for the nasdaq, that was true for the s and p alsos s p 500 that index also. Disappointment that we dont have news on stimulus. Pfizer not continuing right now. A temporary pause for their covid19 vaccine study, as somebody fell unexpectedly sick. The story we have seen all year on a microlevel, uncertainty causing some really choppy trading. Wass p 500, the decline more
Outbreak in the u. S. , but new jersey reported its worst day yet. More money for Small Business as the treasury secretary and lawmakers signal additional funds will be allocated for the Small Business program, which has seen enormous demand and m. G. Firms from exxon to halliburton may lay off workers in light of the economic turm l turmoil. Well speak with the ceo of verizon about the companys effort to keep students informed while they are away from school. And the ceo of state street will join us. We have details on the Small Business relief meeting that is taking place this hour at the white house. Mike santoli is tracking the markets fading gains this hour. Ka kayla, first to you on breaking news in washington reporters are entering the roosevelt room right now where President Trump and his economic advisers are set to host a Virtual Meeting with a slate of financial industry ceos to talk about what they are doing to assist Small Businesses. The list of attendees includes some of
Welcome to squawk alley. Im Carl Quintanilla live with Morgan Brennan at post 9 of the New York Stock Exchange. Jon fortt has the morning off. The markets have lost some gains as all eyes are turning to jackson hole Steve Liesman is there as the feds twoday annual economic symposium kicks off. Hey, steve hey, carl this is from our icon. But the september fed fund futures has now flipped from a small probability of a 50 basis point cut in september to a small probability that the fed remains on old just to be clear, a 98 probability that the fed does cut by a quarter, but it was like a 2 probability of a fed now its a 2 cut that the fed remains on hold in september maybe some of that coming from the sort of hawkish talk or less dovish talk weve gotten from two Federal Reserve officials here in jackson hole so far. I say so far, because theres a lot yet to come. Ill get to that in a second before we get to that, i want to show all of this sort of emphasizes the challenge of Federal Reser
Morning. When you, when says palestinians in dollars off are getting a quarter of the water they need and most of it is pollutants. And the states, you know, it was hell for it. Wrong, late president s, but i am, but i used to answer on tens of thousands, attend the ceremony. Im doing the casual school with the sports as we build up the road for league final wave file, a decrease in continuing that push for and then civil truck. The welcome to the news our, its 13 gmc in the governments of ireland, norway and spain have announced they will recognize an independence Palestinian States beginning on the 28th of this month, slovenia and malta could follow suits. So these were the scenes inside the Spanish Parliament as that announcement was made by minister pedro sanchez, that his country had an of engagements at the queues is really Prime Minister Benjamin Netanyahu of putting the 2 state solution in danger. Midway, nissan, rather than young muslim for the Prime Minister netanyahu has no
Kelvin sundays Helicopter Crash . And pete assume its with all your sports movies. We have loading up to the right being final as buying the coast and continue the push for and in the its 1500. 00 g m t. And we started with an unprecedented move by 3 european nations to recognize an independent palestinian states. The historic move by spain when island is another victory on palestine is long journey to obtain full stifled other european nations have also indicated the willingness to follow search of these randy government. This outrage saying they will be severe consequences for the monks. Begins our coverage and more than a century off the island, one its own recognition as an independent state. Irish Prime Minister simon harris, drew explicit parallels with palestine. Our message to the free nations of the world was a key for International Recognition of our independence, emphasizing our distinct national identity, our historical struggle, and our rice to Self Determination and justi