That is boeing. Today, there will be a test flight for the max jet. It will be put through its paces with all kinds of maneuvers. The results, recorded. This is part of the recertification process. The stock is up 5. 5 . Watch this stock, too. Facebook. The list of companies which will no longer advertise on it is growing. They want founder Mark Zuckerberg to weed out what they call racist or threatening or misleading advertising. That stock is down bigtime, seven bucks. How about this. Politico says the president has told close aides hes worried about losing in november. Former new Jersey Governor Chris Christie says mr. Trump will lose if he doesnt change course. 127 days to the election. Joe biden leads. The virus is coming back. And the market is rallying. Welcome to the monday morning edition of varney company. Stuart im going to start with boeing, almost two years after that fatal lion air crash involving the max jet. They are set to begin recertification testing. Susan, come in,
Governor andrew cuomo ultimately calls the shots. Looks like that could be pushed back. Governor cuomo speaking to the press, noted a lost spikes in cases happen particularly in states that opened up Indoor Dining too soon. No way to verify that. The fact he wants to be cautious about that at same time he is ripping federal government response on all of this, is obviously going to get a response from president of the United States either with a tweet or something, later on. He has full throttle criticizes the federal government minimizing the entire coronavirus situation. Others middle east disagree with that. We should also say that is the latest period on june 28th. Eight deaths reported in new york state. We should emphasize that is record low number and is down substantially from the 800 daily highs we were seeing in march and april, it is still a stubborn trend that remains as do hospitalizations also going down here. The number of new cases is an issue that has come up again and
Companies keep pulling ads from the social network. Starbucks and pepsico among the players. Charlie has a big scoop on the facebook story. As the coronavirus death toll surpasses another tragic milestone, and cases spike in some regions, the search for the cure presses on. Jacob glanville is star of pandemic and is here to tell us how his treatment is curing cancer and if human trials are around the corner. Plus a new front in the electric vehicle cars. Nikola motors taking orders for its Tesla Cybertruck competitor, the badger. The executive chairman is here to tell us how orders on day one are faring. Less than an hour to the closing bell. Im Cheryl Casone in for liz claman today. Lets start the claman countdown. Cheryl we begin with some breaking news this hour. Amc theaters is going to begin reopening its u. S. Theaters on july 30th in line with Disneys Mulan and Warner Brothers tenet. They originally said u. S. Theater operations would resume on july 15th. Little bit of pushback.
Jerome powells chairman testimony tomorrow what he will tell the House Financial Services committee. Just released a more upbeat tone than he was in his last appearance before congress. He is going to say the Second Quarter gdp is largest drop in history. The coronavirus was met with swift action, swift and Decisive Action by both congress and the Federal Reserve. He will say because of that action he believes longterm damage to the economy may have been limited. Now powell welcomes a bounceback in Economic Activity he has been seeing. He says though the path forward remains uncertainty and a full recovery will be unlikely until people feel confident that the coronavirus has been contained and it is safe to go outside. Now he says Interest Rates will remain near zero until they are confident the Federal Reserve is confident that the economy has recovered. He says, the Federal Reserve will use their full range of tools in order to support the economy. Were looking at low Interest Rates
Pretty much zero degrees, to get into his ohio rally tonight. Yeah, but, i mean, it is ohio. Theyre used to braving the cold to watch losers. [ laughter ] President Trump said this President Trump said this afternoon that he has started urging people to remember the name of his new usmca trade agreement by thinking of it like the song, ymca. He then added, like how i remember my wifes name, macarena. [ laughter ] Madame Tussauds wax museum in london announced today that it has moved figures of prince harry and duchess Meghan Markle away from that of queen elizabeth. Said the queen, not good enough melt them. [ laughter ] senator cory booker sa senator cory booker said in a new interview that staying in washington for President Trumps impeachment trial could be a big, big blow to his campaign. Also a blow, basic math. [ laughter ] a woman was ar a woman was arrested in florida recently after a police dog found almost 27 pounds of cocaine hidden in her car. The woman is awaiting trial. A