After jay powell made down beat comments about the economy just as coronavirus cases were spiking in the south and the west today the fed chief once again made it clear that the economy remains weak and were seeing more gigantic coronavirus spikes in the south and west this time the dow surged 527 points as it jumped 1. 90 , nasdaq pole vaulted 1. 57 . How is this possible how is it possible goes down gigantically, same thing, next time goes up two key differences. First the fed is planning to buy individual Corporate Bonds to ensure Companies Stay afloat if we had survival of the f fittest, powell is doing everything to limit carnage, survival of everybody. Second, we had the biggest sales gain in history up 17 in may. That sounds very vish we have a super accommodating fed at the same time were Getting Better data which means the recovery has staying power and almost broke oil company or restaurant chain wants to issue bonds, the fed would probably buy them i know there are a lot of
Safe with investors going allin on the kind of stocks theyll be very sorry about if the good news for the past 24 hours fails to payoff. And thats how the dow surged 912 points the s p rocketed up 3. 15 . And the nasdaq 2. 44 too many of the socalled pro covid stocks you know what i mean when you look at pictures of lines at bars in ohio or wisconsin this weekend, im sure you saw them how about the packed beaches theres none left in jersey, and florida. Its clear america is reopening for business theyre putting in new rules and regulations to keep people safe, social distancing and happened washin hand washing people are ignoring them talk about better to be sorry than safe. Living in new york i know the virus is contagious. I hope the rest of the country doesnt have to find out the hard way this is reckless, but seeing the lines did make me more confident about the economy. It did seemed somehow good even though i know it could be dangerous second, we got a look at a totally reassurin
27488003. If you want, you can post on our Facebook Page too at acebook. Com cspan. That interview expected to take place on msnbc some time this morning. Hopefully, well have an opportunity to show you some clips on that interview. As biden is set to break his silence, his campaign would not discuss the msnbc interview but the discussions about tara reid who was a staff assistant while he was a senator from delaware have occupied the time of his top advisors who have been discussing for days how to handle the matter. Theres no doubt this is going to come up. E only question is when here join us to give some context to the events of today is crins Cristina Marcos of the hill. But ms. Marcos, in a general sense, what has been laid against mr. Biden . He has been accused by tara reade who worked for him when he was a senator in the 1990s and shes alleged that he sexually and ms. D on the hallway reade made these allegations ast month but they numerous reporters have reported on that but
Know if youve come in contact with someone who is infected but does it and french on privacy. And he does them through the schools fee for president giani in france you know warns against restarting football leagues while in england which stems throws off the food they wages to help ease the pressure during the Coronavirus Crisis. Its one month on from the krona virus being declared a pandemic the crisis is engulfing the United States its reported the highest number of dead in a single day more than 2 102102 be exact half a 1000000 americans are infected in the situation is expected to get worse before it gets better the virus is widely believed to have started in a market trading wild animals and will haunt china has now banned the sale of wildlife for food but the animals remain on sale for medical purposes as politicians are among those calling for what markets to be permanently closed the washington reports it is not that simple and a warning some viewers may find some of these ima
Roughly referring to the war powers resolution enacted in 1970. That law is complicated. One of the things it does is says if the president puts troops abroad into hostilities and we havent been attacked, if he does that, he needs to follow the law which says notify congress. Tell them what youre doing. Justify it. Whats the legal authorization and whats next . How long will they be there and so forth . Thats what the president claimed to be doing which is to say i notify you were on which doesnt quite meet the qualifications and requirements in the law . Democrats on capitol hill te seeking to declassify that information. What are the rules of what can be made public and declassified . That gets into a whole host of issues in the law. What was at issue with the president is typically when president s either comply with the war powers resolution or act as if theyre complying, usually its a Public Document so it can be made available to justify to the public what has been happening as w