King. Memorial day Holiday Weekend, the dos and donts, safety tips if you will and compliments on the Vaccine Rollout Heading into this Holiday Weekend. To the right of your screen thats the floor of the United States senate, a key vote under way right now, will the United States senate proceed to debate whether we should have an independent Bipartisan Commission to investigate the capitol insurrection . We expect the answer to be no. But this key procedural vote is under way right now. It should wrap up any moment from now. Democrats need ten republicans to break ranks to keep the idea of this commission alive. Lets get straight up to capitol hill and our chief Congressional Correspondent manu raju. As it plays out right now, explain the significance of the vote that should be concluded in a matter of moments. Reporter the significance here is that there are 60 votes to move ahead theres a possibility that an Outside Commission could be created to investigate the january 6th attack. I
King. Memorial day Holiday Weekend, the dos and donts, safety tips if you will and compliments on the Vaccine Rollout Heading into this Holiday Weekend. To the right of your screen thats the floor of the United States senate, a key vote under way right now, will the United States senate proceed to debate whether we should have an independent Bipartisan Commission to investigate the capitol insurrection . We expect the answer to be no. But this key procedural vote is under way right now. It should wrap up any moment from now. Democrats need ten republicans to break ranks to keep the idea of this commission alive. Lets get straight up to capitol hill and our chief Congressional Correspondent manu raju. As it plays out right now, explain the significance of the vote that should be concluded in a matter of moments. Reporter the significance here is that there are 60 votes to move ahead theres a possibility that an Outside Commission could be created to investigate the january 6th attack. I
Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t
Without some sellers coming out of the woodwork which is why the dow shed now tepid nasdaq lost 3. 4 twee have to use this moment to regroup and figure out the markets. I think todays action was pure profit taking. But the sellers had a lot of excuses. I any its worth going over them in detail. Its forearmed rail recovery thesis really moderating. It might be right. Its certainly a possibility if you dont get stimulus. Second, the reopening has clearly been stalled by the outbreaks. Its trying to get the mortality rate substantially lower than the original outbreak in new york some of that is because weve gotten better treating covid as we learn more about it, it is novel if you were on a vent lator in new york, you only had a 20 chance of surviving. Youre now at 70 . You have a host of treatments you didnt have before steroids, remdesivir, blood plasma i dont want to doubt it even if more people survive, complications are horrifying nobody wants to spend weeks in the hospital nobody w
Gene munster is gearing up for both of the calls. We kick things off with apple which is now negative after a brief pop after the release and josh lipton spoke with tim cook. Josh, whats the latest . Melissa, one question i had for tim cook is what hes seeing in china obviously, so important for apple as a key link in that cups supply chain and also as an important end market. I asked him what his iphone demand looked like in china and whether you can extrapolate for that and china is the leading indicator for possibly europe and the u. S. And cook telling cnbc there is a significant, steep falloff, and that began to recover some in march and weve seen further recovery in april and it leaves room for optimism. Its hard to tell thats a leading indicator and there are differences and the u. S. Has had a bold Stimulus Program and i think that will clearly help and im optimistic of the pace of the recovery in the United States i asked him about the work from home trend and so many millions