Curfews have lifted in many cities but remain in new york as we go into another weekend of protests. A Record Number of National Guard troops have been deployed. The mayor of washington, d. C. , has asked President Trump to withdraw troops. For what it means i want to bring in abigail doolittle. Talk about the ups and the downs today. Abigail investors squarely focused on the jobs report that came in better than anybody expected. The estimate was for a loss of 7. 5 million jobs. Instead we had an ad of 2. 5 million, which is great news for folks in those new jobs and for the folks who did not lose their job. As for the stock market, of course we had this debate about whether stock should be up so much since the march lows. This Economic Data, you could make the case that stocks have been right. Who was such as myself questioning stock should be high against the real world is wrong although one month does not make a trend. Lets see if that continues. Some say there could be more waves a
Yesterday down 86 points at 4 00 oclock on wall street. More help for Small Businesses and hospitals on the way. The senate did pass the 484 billiondollar coronavirus aid deal last night. House is expected to vote on this tomorrow. Meanwhile the white house is looking ahead to additional stimulus packages. We will talk about that. President trump to sign executive order today temporarily banning immigration to protect american jobs. The cdc meanwhile is out with a dire warning this morning saying there could be a second wave of coronavirus and might be even worse than what we are dealing with right now. That coming in the fall. More people stuck at home turn to streaming. Adding 16 million subscribers but warned that the level of growth probably will not continue as lockdown across the globe start easing up. The stock is down 188. More earnings on top this morning including at t and Delta Airlines, all that coming up. Mornings with maria live right now. Maria Global Markets look like t
Making the return of merchandise a more customer friendly experience. That is the goal of this organization and we speak to its ceo. Four potential competitors are demanding mark give uprg be forced to control of facebook. In a lawsuit, they get use facebook of anticompetitive behavior. They also want it to sell whatsapp. Facebook says the claims are without merit. Partner in we have a and a cocounsel in the case. Great to have you with us. I wanted you to talk about the lawsuit wanting Mark Zuckerberg to be forced to give up control of facebook. Is this possible and why . As of now, he has incontestable control over the company. His class of shares overpowers the class a shares. He has Carte Blanche to do what he wants with the company. Hehe board. If you look at the details of our lawsuit, the anticompetitive scheme was hashed and commanded straight from him and there is no reason to believe that if you facebook key assets, that you would ever fix the systemic problem. There is great
Maria big show this morning, joining the conversation fox business Dagen Mcdowell, the host of the secrets of wealthy women podcast veronica is here and entrepreneur kevin oleary. Do you want to take money to the sidelines until a deal is done . I come to the conclusion the market wont care because whats really occurring here is we have back tax, valueadded tax on chinese goods and they have been absorbed quite efficiently in the u. S. Economy, every other g7 has a back tax, we have one just on china. I dont care if they continue to ratchet up the tariffs because i think its the right way to get a deal done. Maria youre in on this. People were expecting recession or some sort of recession in 2020, not hearing that nearly as much anymore. Maria absolutely. Whats predicated on that is theres a trade deal, we will see a pullback in market in 2020. Dagen market has told you that the Recession Risk has fallen because the yield curve is no longer inverted and the 10year yield on the treasury
Apple introduced the 16 inch macbook pro, starting at 2400. Well rate its function and design. Disney was the big winner of the week, signing up 10 million customers in one day for its service. Despite technical glitches upon launch. Disney plus became available on tuesday in the u. S. And canada. The original goal was 90 million subscribers in five years. It is poised to reach that goal sooner. I got the latest from chris palmeri. To put this in perspective, hbo now, cbs all access, espn plus, a lot of these guys have been in business for a few years and none of them hit 10 million. Disney did it in a day. Go back to 1974, this is peak disney. Taylor we can see the technical glitches. We can shrug those off. That is what disney was saying. If we knew how many people were trying to sign up, we could not plan this. They had an incredible deal with Verizon Communications where 19 million customers could access the service for a year for free. Even the free customers, disney is getting pa