Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
Deaths remain high, 113, the death toll overall stands at 9500. The new case increase is the lowest it has been in nearly a month. The number might be skewed because county Health Officials say technical issues leading to underreporting across the state. Greg lee is joining us with the impact this might be having with numbers. Greg . Several counties have placed disclaimers on there covid19 numbers over the last few days. One doctor says the reason for the issues might be just how much data these labs are trying to process at once. For the past few days, the state system, we have discovered some discrepancies. Reporter a recent drop in covid19 cases could be due, at issues. Dr. Mark galli acknowledged problems with cal ready, the acknowledged reporting system, resulting in underreporting positive cases. They are concerned, just like we are. We have been in communication about what these discrepancies are, how we might improve them. Reporter he did not say how many days had been impacte
Police officers arresting an 8yearold for allegedly hitting his teacher. The familys search for justice. And sacked by the virus. Theres no football this fall for two bigtime College Athletic conferences. Plus, some local School Districts are changing their minds on how to reopen. First here is todays eye opener, your world in 90 seconds. I am just so excited. Shes going to be an incredible candidate. Joe biden couldnt have made a better choice. He and Kamala Harris will make history. The stage is set. California senator Kamala Harris is joe bidens Vice President ial nominee. Lets see how that all works out. The Millionaire Media tycoon has died at the age of 97. He famously proclaimed content is king. He was a force of nature. Big 10 and then the pac12 postponing their fall seasons in light of medical concerns related to covid19. Theres just too many uncertainties to feel comfortable from a medical standpoint to proceed forward. Cleanup is under way in midwest states after a powerful
Smaller relief bill then house the lows will think up ushering oakland for years and it is the coast. A low pressure for much of the apparently getting worse and heading over to stenson enters afton under the dispatch west coast and that means 60s beach. Its little banana belt. Im dave clark. And 70s and mainly low 80s for there was fog, but moments of good morning on pam cook. Also picketing at two San Jose Center means thousands of tuesday morning, july 21st, it hospitals this afternoon. Some. This time of year its normal. People are not receiving is blue tuesday here on ktvu. Democrats 3 trillion heroes act that passed in may. Critical help in their time of sun. Yeah. We all woke up in a blue mood we are starting another need. Were nice. Trillion dollars, we think that just like steve said. Will make a big impact. Risk steve has the forecast for during the pandemic, their Retirement Benefits are being thank you. Somehow. Cut. They claim the hospitals owner it is 4 42. Steve paulson
A live update. Yeah, cheryl was right, markets are losing a bit of steam late in the session. The s p as i said, kind of straddling that line. Its up two points right now but the nasdaq which had been up, is now in the red, negative by 13 points. It was headed toward a second Straight Record close. Dont worry. Thats not necessarily in the rear view mirror. Weve got again, now its 59 minutes, we will see. Are we witnessing the start, though, or at least the original sounds of a correction . Our floor show traders are about to play defense for your portfolio. From white claw to bud light seltzer, now the seltzer wars, those hard seltzer wars are really bubbling up as a new competitor joins the battle. In a fox business exclusive, we have the president and ceo of Anheuser Busch north america to respond to cokes new challenge. And we will take you for a ride. This is so cool. On the new socalled fun utility vehicle. The ceo is here to show it to you but also to talk about how everyone from