Things look very different than in years past. It is a Virtual Convention. Speaks come in from across the country. Former first Lady Michelle obama, senator Bernie Sanders will speak there is a republican on the list, speaking at the Democratic Convention former Ohio Governor john kasich. President trump in person will make his way to wisconsin. He will be in oshkosh trying to rally supporters ahead of the Republican National convention which begins virtually next week. The real reason we are here to speak to the voters, trying to get a pulse of the people if you will. You will hear from some of those voters in just a few moments. First our top stories with fox Business Team coverage. Blake burman is at the white house. We start with Lauren Simonetti on the markets. Lauren. Lauren connell, good to see you. The markets are closing the session out mixed. We have a new record close for the nasdaq. Apple shares, where do they end the day . They are within striking that two trillion dollar
Edward . Reporter connell at no time in American History has the economy created 4. 8 million jobs in one month until now. When you look under the numbers, the gains get even more impressive. You have 40 of those gains in the leisure and hospitality sector as hotels started to reopen, states started to reopen, bars restaurants, early part of june there. 2. 1 million jobs created in that sector. Leisure and hospitality in june alone. The largest increase in history. Now some forwardlooking indicators are in the report. Construction workers are coming back. Another 158,000 hired in june, making a two month total of 622,000 when you have them building houses and building buildings. People then feel that. Its a Ripple Effect in the economy down the road. Right now half of the people who lost their jobs in the coronavirus shut down have been rehired. He will not be happy in the administration until everyone who lost a job has one. We can get people back to work safely n the treasury well ta
New york city, blake burman with the latest from the president and Lauren Simonetti is watching the markets. Lets kick it off with kristina. Reporter ive been all across the city. Now we stopped in the diamond district. Iconic, on west 47th. What we can see pretty much sound looks like a construction site as many businesses with the exception of this one here are clearing out all of their goods, boarding it up with wood. This comes at a time when new york city has enact ad curfew, a much, much earlier curfew 8 00 p. M. Tonight. Many shops, trader joes are closing much earlier. Signs are closing at five to 6 00 p. M. So store clerks get home as safely as well. You have almost 2,000 arrests just over the past five days in new york, primarily a lot of these looters, just over the past 48 hours, targeting stores all across the city. 700 arrests just within the last 24 hours alone. One store, rolex, talking about the diamond district, got to mention rolex, they lost roughly almost 2 1 2 Mil
White house news. Hillary vaughn on capitol hill. We start with you, hillary. Reporter House Speaker nancy pelosi says she basically had to do jujitsu to shape the senate bill into something her members could stomach. She spent the past few days while the bill was delayed in the senate pushing to make the focus workers first instead of corporations first but House Minority leader Kevin Mccarthy is criticizing pelosi for this delay saying while this bill was held up in the senate for several days while they were back channeling to pelosi, trying to work out a deal with the white house, several, hundreds of people around the country were wondering when they would get muchneeded relief and some of the relief is in the form of cash paid directly to americans who need it most. Anyone making under 75,000 get as onetime payment of 1200. For couples making less than one 50,000, they get 2400 in a payment. Americans waiting for money still have to wait on the house to pass this bill. One way or
To go through. Jackie deangelis on the floor of the new york stock exchange. Chad pergram has plenty of news on capitol hill well get to. First Hillary Vaughn live at white house. Hillary . Reporter connell, treasury secretary Steve Mnuchin says he wants to put cash in peoples hands, as part of a economic stimulus package tied to the coronavirus crisis. Meeting with senators on capitol hill asking for 200 billion for these Cash Payments would be a check or direct deposit, saying he wants to get cash into peoples hands in two weeks. I asked secretary mnuchin if theyre looking boosting the Restaurant Industry in addition to airlines as part of an Economic Relief package. Mnuchin says they will be rolling out special program that helps small and midsized businesses restaurants an franchisees will be a part of that. This is not like a normal economic situation. Government has requested that parts of this economy shut down and the president is determined, you can think of this as, Business