Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Tonight huge crowds in hong kong defying a ban on gatherings to hold a mass vigil on this the 31st anniversary of the Tiananmen Square massacre and recovering from 19 germanys government approves the biggest economic stimulus package since the 2nd world war. Says its time to give the next generation a future. Im burnt coffee its good to have you with us at this very moment in minneapolis minnesota in the u. S. Thousands are coming together to remember the wife of george floyd it is the 1st of 3 planned but morial services for the African American who died in Police Custody last month earlier today floyds coffin arrived in the citys north. Central university where the veteran civil rights activist the reverend al sharpton is to deliver a eulogy President Donald Trump has been widely criticized for threatening to send in the military to stamp out the civil unrest which has swept the United States in the wake of floyds death. Well joining me now from minneapolis is d. W. Correspondent ste
And recovering from code 19 germanys government approves the biggest economic stimulus package since the 2nd world war german chancellor Angela Merkel says the aim is to give the next generations a future and one of germanys best known rock bands celebrates 40 years in music. And. Well report on how im students and annoyed best known for creating instruments albums scrap metal are turning rather melodic in their own. Im off to our viewers on p. B. S. In the United States and all around the world welcome at this. Very moment in minneapolis in the United States thousands have come together to remember the wife of george floyd it is the 1st of 3 planned Memorial Services for the africanamericans who died in Police Custody last month earlier today floyds cough and arrived at the citys North Central university now the service is being led by the veteran civil rights activist the reverend al sharpton in a fiery eulogy referring to florida death sharpton said it was time for black people to s
Works ceo will be joining him along with other content and we are out of time, from myself and tyler matheson, mike santoli has you on the other side. Stocks surge as Congress Says that help is on the way when thats still the question. Good evening and welcome to cnbcs continued coverage of markets and the economy in turmoil. I am brian sullivan. In a year of firsts it was another recordbreaking day on wall street. The dow soaring 2,112 points, thats its biggest point gain ever and the first time the index has risen more than 2,000. That move translates into an 11. 37 gain making it the largest climb and the biggest since 1933 on this as they close on a massive package for the American People that could be in the trillions of dollars and well have much more on that coming up and first, lets get to the markets and the money on another wild and record breaking day on wall street we begin with bill nygree in. We need to hear from you on a night like this. These are the machines coming in
We have passed federal bills and more than 100 bills across the country so we are really grateful for all of the support from the people. Certainly the support from our , generous people who really just want to make the world a better place. Today is the oneyear anniversary of the First Step Act being signed into law. Tell us what the First Step Act did and how effective has it been. Washe First Step Act actually a negotiated bill. It wasnt even the build we really hoped to pass, which was the sentencing reform and corrections act. It was a groundbreaking reform at safelywas aimed reducing incarceration at the federal level and also reducing recidivism. But also it ensured that we do not have these egregiously long oneences for people like woman who received a life sentence for a first time lowlevel nonviolent drug crime. Effective. Been it has freed thousands who should have been home years ago, but we still have a long way to go, and yesterday actually we thea one Day Anniversary of