On united. Lower after reported earnings. United losing 1. 8 billion in the third quarter. Thats not a surprise. Everyone knows what has been happening. The numbers were a wider loss than estimated revenue fell 78 , coming in shy of expectations at 2. 48 billion. The metric everybody is focused on is the daily cash burn. They were losing 50 million a day at the end of march. They brought it down to 40 million for a daily cash loss. Bring it down to 25 million in q three. Their core cash burn comes down to we heard delta say we think we will break even in the spring united is not addressing that. We know that will come up tomorrow i suspect that united will give guidance liquidity. The company is stressing it believes it has the cash on hand to get through the pandemic. No one knows how long this will last, how long the airlines will be down, a year and a half or two years. But united feels it is positioned welcoming out of the third quarter. We have an exclusive tomorrow morning on squ
Action, announcing a fourweek shutdown of all restaurants and bars and france requiring people to remain in their homes except going out for essentials and here in the u. S. , a new round of coronavirus a hit to the economy because of recessions abroad. Guy, what do you say its fascinating. The market hasnt cared about a lot of stuff you mentioned except for this week i have been wondering why the market hadnt been selling off one of the things i was saying was it was stuck above 25, but the market didnt care so my views were dead wrong. Now the market cares i will paint a rosy picture tomorrow tomorrow they closed either side of 40. Go back and look i think june 11th it popped out at 40. You could potentially see a washout tomorrow morning down to 32. 09 which was a september low. Maybe close off those lows some huge earnings from these companies, maybe it will be the mother of return gains friday. I think 32. 09 is the likely place of support on the s p. Today was shocking, tim, but
We start off with the stimulus slide, stocks sliding off Speaker Pelosi held a phone call with steven mnuchin. Lets get the latest from ylan mui. Whats going on here they have agreed to talk again reporter thats right, melissa. We know the phone call at 3 00 p. M. Lasted for just under an hour pelosis office sounded fairly positive on twitter, her spokesman said they continue to narrow the difference differences. Now, pelosi and the treasury secretary will speak again tomorrow, and by the end of the day, that 48hour deadline that pelosi imposed, they should have clarity on whether a deal is really possible before the election however, over in the senate, republicans are moving on. Theres not a lot of appetite in the chamber for the nearly 1. 9 trillion offers that the white house has been made to democrats. So one measure will be to extend the payroll protection program, and another one on targeted relief neither is expected to go anywhere, either, because democrats remain opposed on t
Is india launching a crackdown of government critics police prosecute opposition activists and muslims in connection with riots triggered by the controversial citizenship law well the detained receive justice this is inside story. Hello and welcome to the program im imran khan it was some of the worst violence for years in india riots in new delhi triggered by the newly introduced citizenship law in february killed at least 53 people the legislation fos tracks nationalities for someone overseas but excludes Muslims Police have charged 15 people saying prosecutors have more than 17000. 00 pages of evidence against them but Rights Groups say politicians from the ruling be j. P. Who incited attacks on muslim protesters havent been arrested the government and Police Reject allegations of bias dozens of opposition activists and academics have been arrested over the past few months Human Rights Watch is called the charges against the activists baseless and hes calling for the prisoners uncon
Protesters have called for a 1000000. In the time ive covered wars revolutions elections military poors. From the favelas of caracas to the battlefields around also i would drop just to get to the truth and empower people through knowledge. Is india launching a crackdown of government critics police prosecute opposition activists and muslims in connection with rights triggered by the controversial citizenship law while the detained received justice this is inside story. Hello and welcome to the program im imran khan it was some of the worst violence for years in india riots in new delhi triggered by the newly introduced citizenship law in february killed at least 53 people the legislation far strikes nationalities for someone or as is but excludes Muslims Police have charged 15 people saying prosecutors have more than 17000. 00 pages of evidence against them but Rights Groups say politicians from the ruling be j. P. Who incited attacks on muslim protestors havent been arrested the gove