Lows the ceo will be here to tell us how he and his company delivered. Plus the university of arizona claiming it has found a new way to prevent covid outbreaks, testing the sewage coming from dorm rooms president Robert Robbins will join us, as power lunch begins right now. I cannot wait for that story. We wait for the beige book from the fed. Dom chu has more on the markets. So the dow is up almost 300 points at this stage, the highs of the session more importantly were keeping close to dow reclaiming record territory. Anybody who has tuned into power lunch or cnbc in general the last several months knows we continue to make these record highs with the s p 500 gold star there. The nasdaq always creeping higher here. Believe it or not, that 12,000 market was hit early today it open up at 12,050, roughly that level just to put things in perspecti perspective, if you look at the nasdaq over the last year, from the lows we saw up until where we are right here, were talking north of 80 ga
Right here in the bay area, there was 37,000 cases and nearly 670 deaths. New a new, the state superintendent of schools is urging districts to use an abundance of caution when it comes to reopening classrooms this coming fall. Superintendent Tony Thurmond held a virtual News Conference this morning on the efforts to support School Reopening decisions we talked about what the state is doing to help districts hold classes on campus. Thurmond is hoping School Districts do not rush to any Big Decisions on how to reopen. We know conditions have changed significantly. Those conditions warrant School Districts taking steps, i would say require an abundance of caution, to think through how reopening might take place, and to repair some contingency plans, if conditions persist. Just last month, the state department of education released 62 pages of guidance for districts on how to implement physical distancing and properly disinfect campuses. The sand for this Unified School District has annou
Without intel. We find out why new user growth and twitter did not transfer into ad sales. We hear from the cfo. Amazon shares plummeting. For the first time in over two years, the Company Reported a decline in quarterly profit. Most notable, amazon issued a a weak this is not bringingforecast. The sales boost investors are hoping for. Was about sales short. To write down all of his numbers, im joined by darren baker to talk about all of these numbers, i am joined by darren decker. You estoril you are still turning a profit. We knew that oneday shipping would bring some cost with it for a couple of quarters. Are spending a lot on content, aws, advertising division. Goingis a spending cycle on that actually makes the next couple of quarters the anxiety would continue from a cost perspective. Where it is paying off, you are seeing an impact on the retail side because of oneday shipping. It will pay off longterm in terms of market share, Revenue Growth. Cost variability is concerned, we c
Joe is back. [deval patrick tolet me bring this hearing order. It might be the only hearing the house of representatives has had for the pending legislation. I want to thank our witnesses for joining us. Todays hearing is the first and likely the only hearing on hr one tax legislation. Lets give some historical perspective. 2000 one, when president bush took over from president clinton, cbo estimated the total Budget Surplus would be 5. 6 joined dollars. 5. 6 trillion. What actually happened was the federal government ran deficits totaling 6. 1 trillion. What happened between president taxtons time and federal cuts was simple. Tax cuts in 2001 followed by a tax cut of 120 in 2003. In 2005, there was a tax holiday that also cut back billions of dollars in terms of federal revenue. Each time, like today, republicans promised job growth. They took us to the casino, we win. Ot you really get. The Treasury Department issued a one page and analysis on monday is an 2. 9 growth that entirely c
Coverage is going to continue over on our companion network, cspan. You can also see all of todays fcc hearing later in our schedule. And on the cspan. Org. Here on cspan3, well bring you a discussion with House Democrats on the ways and Means Committee. They held a meeting yesterday on the republican tax reformulation. Joining them were House Democratic leaders, nancy pelosi and steny hoyer, invited speakers, mark zandi of moodys analytics and jason fuhrman, former chair of the white house economic advisers during the obama administration. This is 90 minutes. [deval patrick tolet me bring this hearing order. It might be the only hearing let me bring this hearing to order. Take note of the fact this may be the only hearing on impending tax legislation where conferees will get together for the first time today. I want to thank our witnesses for joining us. Todays hearing is the first, and as i noted, likely the only hearing on hr1, the Ryan Mcconnell tax legislation. So i thank our witn