Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
Headlines. Fang with all the headlines in the greens, apple, amazon, netflix up 1. 5 . Tech remains hot, hot, hot. Still to come, definitely coming on todays show, coronavirus cases climb and states continue to rethink their opening plans. Well speak with fed chair James Bullard, what it means for the economy. Shares of Taylor Morrison posted record sales well speak to the ceo about whats driving the strength in the housing mark up a third of the percent. Lets start focusing on the big stories. Mike santoli tracking the markets, meg tirrell with the rising case count and courtney watching flags in the Retail Sector mike, lets kick things off with you. Market idling right here, holding above the flat line for the moment it seems like stealth pullback consolidation weve had last few weeks, s p 500, talking about a summer trading range this is what we had last summer. It looked like that on a narrow basis. Scares in both directions. Were not there in terms of prolonged sideways action. Th
Breakthrough theyre preparing a long promise but never delivered infrastructure bill. The s p 500 is higher by 2 . Broad rally today well speak with the House Majority whip about his call for big banks to die eventualth more information about the Paycheck Protection Program and whether it favored Big Companies over Small Businesses plus, as sarah mentioned, a major breakthrough thats what searchers are calling a new study into the effectiveness of an inexpensive steroid to treat covid19 patients you dont want to miss that interview. One of the factors behind the surge in the markets today lets focus in on the big markets. Mike santoli, we have the highlights from chairman powells testimony earlier today. Courtney reagan is covering the surge in retail sales. And meg has details on those new hopes for coronavirus treatment that we just mentioned mike, lets start with you the Broader Markets are up about 2 on the s p 500. This is an impatient. 3130 is the high of the day. There is a high
Minutes ago. I can hear it now. You better pack your lunch. It is about personal responsibility this year. My little boys are not so little anymore and they have to do what they are perfectly capable of doing so mom and dad are taking a step back. So they can flee the nest. Are they cated to go back . I dont think they rale laze they are sitting in a class ram right now. Their summer was so great and im thankful it was. Interesting story when they were very little about paternity leave. Serena williams is stepping up to fight making paid paternity part of the land. His own personal experiences in an article in todays new york times. He took 16 weeks of leave after his daughter. Despite he is the founder of a billiondollar company and now urging congress to provide paid paternity leave for all fathers in the workplace. Can it be accomplished . First, i lake he took that time, but he tack the time, because he could afford it and a lot of moms cant afford as well. It is good to get it out
This privatising the nhs by stealth . Well be having that discussion and some figures out this week that 1. 4 Million People are obese, people that is cant get Life Insurance. Were asking is that right . Or some who can have to pay a lot, lot more . Well be speaking to steve miller, host of fat families, to see if he thinks its fair. And now i know its the biggest clue ever that you get in old. The Police Officers look young. But is this not more of the most ridiculous photo youve ever seen in your life . How young these Police Officers look . Are they too young . Are they to be of use at they going to be of any use at all fight breaks out . Were all if a fight breaks out . Were going to be speaking to a detective from the metropolitan police to see what he thinks about whether or not these Police Officers are too young, baby faced. And, of course , we baby faced. And, of course, we want to hear your views. So if you want to get involved in the show, email us your comments at gb views