Vaccine boosted the antibodies in patients fighting the virus well have more on that new development. And as new cases hit a record high here, Tillman Fertitta says this is a mess for business and employees he will join us later this hour. Power lunch starts right now thank you, tyler, as we await the minutes, lets get todto dom chu. It could be the same. With quarters like we just saw, typically the momentum however, tyler mentioned the trading today very mixed the dow is up just 206 points, the s p 500 up about 23, so we are seeing a bit of a move off those session highs right now. Still, though, for the time being, green on the screen namely the s p 500 and however it sits away from the record high we saul earlier this year, remember, from that level to where we are now, were still about 8 below record highs. Well see if they can break out above or below this range. Two stocks to keep an eye on fedex stock after the great Earnings Report that they had. You can see here up about 12 o
H shares in now and hong kong up by. 5 . Pretty marginal gains here in the last half hour or so with it brings us near the top of the 2015 bubble. On the other of the argument hsbc is cutting china to neutral f this rally. Something to keep in mind as we take a breather here from the exuberance weve seen in chinese stocks. One more thing were watching is the hong kong dollar. Now 15. 7 billion hong kong has been injected into the system there. Solid that pair and the renminbi with a six handle for the First Time Since march. The strength of the renminbi certainly helping the equity markets as well. And gold still holding. Some breaking news from sri lanka, the federal bank cutting its lending rate to 5. 5 . Its a big cut, a 100 basis point cut bigger than expected. Economy expanding at a pace of 3. 8 in 2021. Much bigger than anticipated. Lets dig deeper into the ofkets and bring in ahead forpacific thank you joining us. Lets talk about china. Its going gangbusters in the last seven da
Symour breaking news to tell you about. An update on the story we brought you earlier in the hour. We learn President Trump has commuted roger stones prison sentence for stone was expected to report to prison next week to begin serving his threeyear sentence for his role in the russia investigation. Oakland Unified School District announcing minutes ago that instruction will begin next school year with virtual learning. Good evening. The school year will begin on august 10 and students will be learning and communicating with their teachers online similar to the way they did at the end of the last school year. The district says it will spend the first four weeks of the school year figuring out how to reintroduce inperson and blended learning. The transition to blended learning will depend on specific safety and we will use and prioritize inperson instruction such as for special education students and other vulnerable groups. The district has set a goal for distributing computers to ever
Afternoon. Upper 60s in San Francisco. Mid70n oad,anmid eeco i will let you know when we will all cool down with breezy onshore flow kicking in for all of us. Details in a few minutes. Live look at oakland. The city is the target of a new lawsuit over police conduct, and it seeks a federal Court Injunction against using several types of nonlethal weapons against protesters. Kiet do has more on the lawsuit and the latest demonstrations in the streets of oakland. Kiet . Reporter good morning, and a group called the National Lawyers guild will be releasing details about the lawsuit in a few hours. Its a civil rights Class Action Lawsuit to try to stop Oakland Police from using rubber bullets, tear gas, and flash bang grenades against protesters, and they said despite 20 years of federal court oversight, the Oakland Police continue to violate the rights of Peaceful Protesters particularly African Americans and people of color. Defund the Police Reporter and yesterday thousands of protester
States Supreme Court ruled that the 1964 Civil Rights Act protecting americans from workplace, discrimination also extends to those who are part of the Lgbtq Community this ruling is expected to have a major impact for an estimated 8. 1 million workers in the u. S. Thats because most states do not have protections for lgbtq people from the workplace discrimination. The ruling is considered a defeat for the Trump Administration for more on the ruling we talked with Shannon Minter legal director with the National Center for rights. Unfortunately, i the current president has done a lot to try to restate new ties tbt to people in kind of with first cody unbiased with their community and it really means a lot that the Supreme Court of the United States, including justices appointed by this very president. We are being sent a very clear powerful message to the president and to our whole country that the court is not going to go along with that kind of scapegoating her attempts to foment divi