A bill that. This approach could be counterproductive. Its much. More difficult to ensure. That your very good morning to you watching the weekly here on r. T. International. Paris was govt in renewed unrest on saturday over a controversial security bill 142 people were detained amid clashes with the police riot officers used water cannon and tear gas as the situation there spiraled out of control and huge anger over plans to protect Police Officers by handing them extra powers and boosting surveillance and he shall or do because he was at the rally for us. Well we have seen a number of what i would describe as smash and grabs by the Police Members of the Security Forces going in to the crowds and grabbing out individuals that they think of causing trouble a buffalo tensions with a portals except a whooping for the Police Officers who do so had she gas already deployed to add to gas is being used to renting from aerosols springs x. The protests. There are thousands and thousands are tr
Second highest rate of cases in the world and supply of protective gear was uncertain. Some estimated supply would run out in a matter of days. Use the defense protection act to leverage the equipment to keep fighting the pandemic. Using the dpa is crucial in our fight against covid. However, i was just as surprised as many of us when the International Development finance corporation announced they would issue their first dpa loan to kodak to produce pharmaceutical components. The dpa is finally being utilized but to a company that only just recently left bankruptcy with no proof of success of pharmaceuticals, being trusted with such an important task. Frankly its not a joke. Kodak ceo purchased shares of the company, leading up to the announcement and received 1. 75 billion Stock Options from the kodak board the day before the announcement was made. These Stock Options may have been worth as much 50 million just a few days later. A letter from the committee to the s. E. C. Urging inve
Leaning on big cap tech. Once again ass an anchor s p 500 First Time Since february, microsoft, tiktok in the news schumer says the democrats in the white house have started to move a little closer on a stimulus agreement, and of course david disney tonight, which will give us all kinds of information about the progress of parks, studio entertainment, advertising and more as we have said many times over the last few months, disney in some ways a reflection of the economy, certainly the consumer side of it to some extent. I know julia is going to be following that closely after the bell expectations cant be particularly high but we are looking for a lot more data when it comes to the parks and the attendance, when it comes to directtoconsumer of course with disney plus and the exhibition of motion pictures, which is not something thats going on right now. Absolutely, david, i mean, i think it will be really interesting to get some more insight into the success of that streaming business
Lauren simonetti watching the markets, Edward Lawrence reporting from washington and lauren as we close out the week we start with you. Investors are weighing stimulus, the vaccine hope against the infection, the dow is lower above 2 this week and up three weeks in a low, with s p 500 in the nasdaq again but snapping a twoweek winning streak. Take a look my dear mike, a lot of momentum for the biotech, it is up more than 50 on the week. One of five drugmakers that are testifying week on their work before congress. Also there is reports that these drugmakers are negotiated in advance purchase deals with European Union and you can see outside gains for novavaxs in a novena. Another game that we saw this week is rotation out of the big tech stocks, some investors used a source for other purchases, on the weekend amazon down seven and half percent, microsoft down 5 and netflix fell 10 on disappointing subscriber Growth Expectation for this current quarter. Investors question the momentum t
Who have paychecks. People do not right now, which brings us to the second big issue, which is Unemployment Insurance benefits. A gut instinct is we will see two month extension of the current Unemployment Insurance booster payments such as 600 a week through september 1. The alternative is we cut it to 400 a week, but extended for a longer duration, say through year end. Referenced achin technical correction needing to be made. This is far from a technical correction. This is a deepseated issue of disagreement between democrats and republicans. I would say this is the biggest sticking point. The way it will get resolved it to throw money at the problem. To that end we have shifted up our expectations of the overall scale and scope of the bill. The last time we spoke i was expecting a 1. 5 trillion package. Now our base case is 1. 5 trillion to 2 trillion. The further that rises, the more generous the Unemployment Benefits will be. You can see potential spending directly on certain sec