About how his company is positioned. And speaking of 5g, the chip industry stands to benefit from it all i talk to a guest on everything from trade to more. First, Steve Mnuchin downplayed the chances of a stimulus deal before the election. Lets get the latest on Market Movers with abigail doolittle. Emily it was another topsyturvy day and officially a bearish reversal third stocks open higher prior to Steve Mnuchin getting those comments around stimulus target to reverse lower. Once those comments were out, a stronger leg down to investors a little unnerved by the idea stimulus may not get done the election but there are nuances suggesting maybe some of the skinny deals will get done. 7 the500 is down nasdaq down. 8 . The data transport really helped out by the airline. Perhaps again on hopes around the idea that some sort of deal for the airlines could come through even though some sides are saying that cannot happen. Crude oil also happening so you could bring in the idea of a reope
Giving a lot of insight well be bringing you results apple, amazon, alphabet and facebook all report their earnings coincidence those four Companies Make up about 16 of the s p 500. Worth about 5 trillion combined and come a day after the heated antitrust hearing. Wolf, this is a good read in for you. For sure. There was meant to be three of those. Facebook got moved from yesterday to today after that hearing. After the close, we are waiting for two economic reports it is thursday, that means weekly jobless claims. Another 1. 4 million filed for the first time last week the first read on Second Quarter gdp. The economy likely contracted by 34. 7 . Both jobless and gdp due at 8 30 eastern time you look at those numbers down 34. 7 from the estimate we know it, weve been hearing from companies and what has been happening. Thats a lot of news to digest ahead of all of these reports. You are watching futures under a little pressure. Lets look at where things stand now. Dow down 206 points,
Are not forgotten and no matter how alone they feel they are not alone. The congress is paying attention but we need to Pay Attention to the people on the front lines, assuring that the right things are done in the right way at the right time. I want to associate myself with the words of my colleague, senator blunt. I couldnt say this eloquently or presume upon it i completely agree and thank you. Mister president , the real purpose of my comment is to demonstrate my support for Major General Scott Spellman of the corps of engineers who was up for promotion to Lieutenant General and has been nominated to become the chief of engineers and commanding general to replace general seminary to who is retiring, we have become acquainted with each other. We havent always agreed but i do appreciate his service, his very hard work and his accessibility especially during this covid19 pandemic. His retirement is wellearned, we wish him well. A member of the Armed Services committee and Environment
Let us know what reopening looks like in your part of the country. If you are in eastern or central time zones, 202 7488000. If you are in the mountain or pacific time zones, it is 202 7488001. A special line throughout the morning for essential workers, 202 7488002. You can catch up with us on social media. Message,end us a text 202 7488003 is that number. Good monday morning to you. Here is the headline from the wall street journal last week. All 50 states have taken steps to reopen. Revivers hoping to economies. That is what we are going to talk about this morning, reopening, asking you what it looks like in your part of the country. Here is a map from the New York Times. That map, the blue states are the states in full reopening or partial phases of reopening. The striped blue and yellow lines are regional reopening scum and all states on that map in some process of reopening. , illinois, has had a stayathome order in effect since march 21. That is set to expire on may 29. We are t
And the reception it has gotten so far . Guest they will have three different fire departments, state police, american leisure honor guard American Legion honor guard. Leaders from the boys and girl scouts. They are expecting several hundred people to participate. The township supervisors had been discussing ways to honor memorial day, and how can they do it . Since the beginning of april, they have had a program where they have been giving out free food, and local Catering Companies and businesses are donating food and people financially impacted by covid19 can drive through the parking lot, get their readytoeat meal and be on their way. This somewhat mirrors that. They just decided if everybody is going to stay in their cars and be apart from every each can keep separate, why not have a parade in this way . ,ost the website lehighvalleylive. Com. What are other events you have covered in pennsylvania on how people are experiencing memorial day in a time of social distancing . Guest t