Speaker pelosi says its absolutely absurdly unconstitutional. What will they do . Go to court to stop people getting the money . Right before an election . Good luck with that. The president s playing political hardball. 84 days to the election and again, the money will flow. Investors like it, by the way. Looking at the futures, the dow industrials will open this morning with a gain of about 100 points. The s ps going to be up about four. The nasdaq, up about 13 as we speak. The president s playing political hardball with china as well and beijing is responding. Jimmy li, a leader of hong kongs democracy movement, has been arrested under the new security law and china has imposed sanctions on u. S. Senators, including marco rubio and ted cruz. Now, that is escalation. Dramatic change may be coming to a mall near you. Amazons in talks with americas largest mall operator, Simon Properties simon group properties, to use some Department Stores as fulfillment centers. Amazon gets cheap spa
Out of congress as opposed to just these executive orders from the president that are taking quite a bit of heat over the weekend. Yeah, look, david, i think that there is a sense initially that it was a white house grab and it kind of went through the weekend, there was a recognition that, wait a second, maybe it is a grab if youre going to give 400, 100 has to come from the states and many of the states including red states are in trouble. The thing that is most compounding people is that 12 of the people who make 80 to 100,000 get this bizarre payroll tax cut when the problem is not the people employed but the people who are unemployed. I think that its arer so counterintuitive our old friend larry kudlow always believed in that. We have secretary mnuchin right now, which is terrific lets do it lets do it. Go ahead, jim. Mr. Secretary, always good to see you on squawk on the street. We get a little bargaining done on the show. How have you been . Good morning. How are you . Im doing
Arrested the Chinese Foreign ministry saying that u. S. Sanctions on hong kong and chinese officials are violating International Law. Now sanctioning u. S. Lawmakers including senators ted cruz and marco rubio. Twitter nation a move for tic took wall street journal reporting for preliminary talks are held between social media giants, where this leaves microsoft, ahead. Turning to the futures, market it is this morning the s p 500 and nasdaq posting their second straight winning week. The dow was the big winner up 3. 8 attack a look at the markets last week. Moving on to the origins of the russia investigation senator Lindsey Graham revealing new documents to Maria Bartiromo that he says show the fbi misled the Senate Intelligence committee. The fallout, ahead. Unrest in america, chaos erupting in chicago looting reported across the city, after a Police Involved shooting. And another riot in portland. The unrest continues. Plus amazon warehouses could be coming to a mall near you. Morni
Bangar what they see as political bias protests in the democratic republic of congo over the appointment of a new Electoral Commission change. And washingtons n. F. L. Team drops the redskins name and logo off to criticism or offensive to native americans. So then a strategic stretch of water is a new source of tensions between the u. S. And china u. S. Extra state might pump poses that beijings claims to the South China Sea are completely unlawful and it will not be allowed to treat it as its maritime empire its rich in oil and gas and fishing resources and china is Building Military bases on several assholes the 5 Southeast Asian nations also claim parts of the sea and last week the us navy held military exercises. Take a close look at it you can see that china claims about 90 percent of the South China Sea including going to ship the Spratly Islands and thats disputed by the philippines and vietnam and others discover a reef thats claimed by china and the philippines and that partic
China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic