Also, an update on congress a reliefo pass package. Also we will take your calls, and you can join the conversation on facebook and twitter. Washington journal good morning. As monday, august 10, 2020. Election day and one week until the start of the democratic convention. It is crunch time until joe biden will announce who will join him on the democratic ticket. Will open our phone line to democrats only get your thoughts on who joe biden should pick as his running mate. Democrats in the eastern and central time zones can call in, 2027488000 democrats in the pacific timezone, 2027488001. You can also send us a text. Andse include your name where you are from. Also catch up with us on social media. cspanwj. Democrats only can start calling now. We hear from you about which woman should appear with joe biden on the democratic ticket this fall. Phone lines are on your screen. Cnn editor this from at large his final Vice President rankings, his top five on the most likely picks are. Numbe
China has now sanctioned almost a dozen u. S. Officials in retaliation after the u. S. Sanctioned several chinese officials last week. We are standing by for the president to deliver another is briefing after he signed four executive orders over the weekend on issues including payroll taxes, student loans, while lawmakers are still negotiating a possible broader relief bill. Joining us to discuss, abigail doolittle, looking at the ups and downs. Were there any clear drivers in one direction today . Abigail there really were not. Then, the bulls were out, we reverse lower. The nasdaq had been lower all day. But we saw today is what some are calling the reopening rotation. Some of the cyclical sectors, those climbed. As we saw those sectors climb, that is when some of the tech stock. Apple rebounded. The dow also backfire. The nasdaq did not make enough. Seventh update in a row. Longest winning streak since 2017. The russell 2000, that shows that divergence, the more value and cyclically
The great is slowing rate is slowing in the u. S. The virus is not helping australia and if barley has become a new flashpoint. Shery lets see how asia is shaping up. Sophie after a choppy week for asian stocks with the msci aipac index snapping a twoweek advance, futures are mixed but mostly lower going into chinas npc. Japan as well as thailand are going to publish First Quarter gdp numbers. Japan may have fallen into a recession through the yen trading steady ahead of the Asset Managers steady. The Asset Managers have boosted it five straight weeks. We will get policy decisions from thailand and indonesia when bets are raising that major Central Banks could be forced to embrace a good of rates. Theble under pressure after chief economist of the option of subzero rates was being considered among other unconventional policy tools for lets look at oil policy tools. Lets look at oil. Seeing brent gaining ground and of uti adding 2 after wti adding 2 ahead of the june contract expiring o
Days just to rearrange and prep to open the business. The governor necessaried that different counties will be reopening in different rates and says no most counties, they are just weeks away. Here in the bay area all nine counties have now entered or are getting ready to enter phase two. Phase two allows restore tail stores to have curb side pickup. And here is where we stand independent the bay area. The counties in green, sonoma, napa, solano counties already in phase two. Today, the ones in yellow, marin, San Francisco, san up mateo and alameda county. Contra costa county in purple plans to enter phase two tomorrow, and santa clara will begin phase two on friday. What is next . Like other counties there are big restrictions but Santa Clara County is adding a few key differences. Robert handa is near a store that is willing to make changes to reopen. Robert . Reporter the announcement is good news for a lot of Retail Businesses in santa clara, if owners can prove they can create a s
That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down