He is right there. Youre right on the camera. You know all about our weather for this tuesday, steve. Thats why im here. The wind was a big story yesterday. There is not much of a breeze. Everything is being deflected to the north and pacific northwest. I cant find any fog yet. Good morning, we do have traffic out there. We will fix steves Technical Glitch in a moment. Lets take a look at interstate 880. You can see traffic is moving along pretty nicely. We dont see a lot going on. Traffic is moving along pretty well. There have been no major problems on the san mateo bridge or on the Golden Gate Bridge for that matter. It looks like a nice drive. There are no problems in the south bay right now. We have a nicelooking drive on all the freeways in san jose. At 501, look about today. George floyd, whose death at the hands of the Minneapolis Police department sparked protests around the country and world, he will be laid to rest today. Our reporter is here now with more information on tha
California will open movie theaters on friday, at least in a limited capacity, but they are opening. Guess what . We have an ipo today. Remember those . Vroom, an online used car retailer, goes public this morning. All positive signs abound. Yet the media is jumping on the headline from a group called the National Bureau of Economic Research. That Group Reporting late yesterday that we are officially in a recession and that it began in february before the pandemic. Still scratching my head on that. You can bet we will be discussing it. And heres another return to normal for you. President trump says he will begin holding Campaign Rallies again in just a few weeks. The Trump Campaign will be joining us in the 11 00 hour. Lets go ahead as always. Im Ashley Webster. Varney company starts now. Ashley lets get straight to your money. We will start with the losers. First up, the airlines have had a really good run of late, as we know, but as you can see across the board, check out american a
Tom cotton on his calls to hold china accountable as well as his controversial New York Times op ed calling for a military response to the protests. Tim scott and trey gowdy on how to put society back together again, all this as senator Lindsey Graham interviews his first witness this past week on the origins of the investigation into a sitting president. Hell have breaking news on who his committee will subpoena next. All this right now as we look ahead to sunday morning futures. Maria the u. S. Economy looks to be on the rebound after a better than expected may jobs report on friday. The dow industrials jumping some 800 points on friday, joining me right now to assess where we are is the white house trade advisor, peter navarro. Always a pleasure to see you. Thank you for being here. Good morning. Beautiful day here in washington. Maria we were all expecting another decline in jobs, loss in jobs in the month of may. We had two andahalf million jobs created. Has the recovery begun, pe
Being challenged more than 100000. 00 of you have watched and commented on the story that we did earlier this week about china unloading part of its share of the u. S. Debt that it owns right it did so because it believes that the United States dollar is about to be horribly devalued because of what the fed is doing by printing so much money seemingly out of thin air probably right the u. S. Dollar will undoubtedly at some point be worth less and may eventually be pushed out as the only world currency probably by china maybe in the next 10 to 15 years. But heres todays developments it appears that theres another player in the world stage thats making a similar move russia is now sending signals of no confidence in the u. S. Dollar as well and its doing so in a different way see the Russian Parliament has now officially cleared the way for the country to double its supply of gold what it is essentially doing is its removing the barriers including taxes so that russia can accelerate its
Ahead on todays show, fashion in the time of coronavirus. Well speak to anna wintour about vogues new partnership with amazon on a Digital Store front. Plus we will speak to truist ceo about his efforts now for Coronavirus Relief lets focus in on the stories we are watching Steve Liesman with the highlights from the fed minutes. Just released in the last hour and oliver chen is with us to talk about retail earnings and the big box names he likes so far. Michael, start it off with you what stands out . Yeah. The market just bobbed right back up from that lateday selloff yesterday. In fact, the low for today in the s p 500 hit about three or four times was yesterdays high. So it seems as if, you know, big money investors continue to behave in a way that suggests they feel underexposed to stocks if theyre not going to pull back a lot weve been talking a lot about this rotation theme. You have small caps up a lot and fin tech and financial all were really doing is stretching the upside of