Canadian actor Christopher Plummer, best known for his role as Captain Von Trapp, in the sound of music, has died at the age of 91. Hello and welcome whether youre watching in the uk or around the world. Stay with us for the latest news and analysis from here and across the globe. We start in the us, where President Biden has warned that americas economy remains in trouble after weak monthly jobs figures highlighted the economic toll the pandemic is still taking. He said the data underscored the need for congress to act on his 1. 9 trillion stimulus package, which would alleviate americans suffering. Speaking with the treasury secretary, janet yellen, and Vice President Kamala Harris by his side, mr biden appealed to republicans to act urgently to turn his Coronavirus Relief measures into law. I see enormous pain in this country. A lot of folks out of work, a lot of folks going hungry, daring at the ceiling wondering what they will do tomorrow, a lot of folks trying to figure out how t
Masterca mastercard, microsoft and u. P. S. All lower on the back of their results as well. Bund yields and oil are lower. Tenyear yield, 0. 77 . All 11 s p 500 sectors are lower, sharply lower thats the heat map of all s p 500 stocks very few are green as you can see above me just less than 3 of declines for all three of the major indices, sara. We will ask allianz chief economic adviser mohammed elbrian. Monitoring two live events at this hour, expected speech from french president emanuel macron and a statement from dr. Fauci mike santoli covering the market selloff meg tirrell with more details on the covid spike in the u. S. And europe and ylan mui start us off with the selloff, mike starting to do some damage third day in a row for the s p. Its starting to cut a little deeper the hope gave way and did accelerate the down side multiple pressure points on this market causing investors to have a harder time looking across this valley of growth, right covid case cuts. We dont know wh
Sessions. Its been on such a winning streak. Again, i use the word breather right now. While vaccine timing is spooking the markets, colleges across the nation are trying to minimize the scary impact of the deadly virus. Alabama state is teaming up with dragonfly to keep its students safe. The ceo is going to be here to show us how this is all supposed to work. Meanwhile, the covid crisis has caused the makers of one frozen Treat Company to put its Business Plan on ice. The ceo of dippin dots is here to tell us how his freezers are working overtime on new pandemic opportunities. You dont want to miss that. Then one of the Biggest Car Rental Companies in europe is zooming into the United States in the middle of a pandemic. We will ask the board member and namesake about why now is the time for them to expand in america. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl so after a day of records on wall street, it has been
Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud Companies Apparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action as always Steve Liesman with new highlights from the feds beige book joining us to talk tesla and pullback were seeing is craig irwin from roth capital. Mike, start us off with the market every group is higher except for energy you do have utilities and real estate and health
The nasdaq up 1 and s p 2. 7 and dow declined 86 points were about to get a set of u e unbelievably set of big numbers but frankly, its horrifying if you think about why they are thriving this week we hear from walmart, from home depot, lowes, and target and if their stocks get hit for any reason, you have to buy them because these major operators are up against general merchandisers, hardware stores, Sporting Goods and lumberyards that cant compete because they were deemed essential and i fear they will never get lost customers back, not with prices big guys charge. The winner haves so many advantages over the little guy im amazed there is any competition whatsoever i feared that there wont be and thats driving me nuts i love when these big household names go higher, but i hate when the reasons they are going higher their Small Business competitors are being wiped out. A lot of these smaller outfits have been able to hold their own before covid, but now the big guys have crafted pheno