Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Shaky ground later on were going to go ahead and analyze the state of Global Markets after a hectic week plus the pandemic has delayed several high profile movies this summer but the 1st big blockbuster of the season is getting a late release for a Holiday Weekend we have an analyst on hand to discuss the state of the Film Industry packed show today so lets dive right in. And another day another escalation between the u. S. And china on the trade front now the latest the white house is asking for all federal agencies to detail china related funding this includes any and all federal funding that aids or supports china or that directly or indirectly counters chinas unfair competition and malign activities and influence globally now this comes from a document titled strategic competition with china crosscut but that document does not indicate how the information is going to be used it only currently says that it will inform policymakers on the many different ways the u. S. Spending involv
Center right now with that and then well get to the headlines. Hey josh. There james, as you mentioned laura category 4 hurricane as it made landfall cameron louisiana last night at one am. Still making an impact all across that state this morning as the center of the storm gradually makes its way northward. We are anticipating still some very strong winds, although the storm itself has weakened to a category 2 now. The big concern here right along the coastline was a storm surge that stretches not just a few miles inland, but as much as 40 miles inland as it makes its way up those bayous and low lying planes right there along the shoreline what we are saying is i 10 closed from the texas border all the way east of areas likely charles and the storm Still Producing some very heavy rain as well as winds that are still strong but continuing to weaken as it makes its way inland. Good news is storm surge was not as bad as it could have been but still big rainmaker and definitely a strong s
Store you can see this here but this is not the only business that was damaged overnight you can see here also several buildings were vandalized including cars along with the Alameda County courthouse being set on fire now according to Police Numerous fires were set dozens of windows are broken out in multiple businesses were vandalized nearly 600 people took to the streets to demand justice for blake. And Police Accountability along with fundamental change nationwide now bp also says protesters temporarily shut down traffic on the 5. 80 freeway along with a bar in downtown and to close their 19th street station as city Police Tweeted photos of numerous fires that were set in the downtown area now its really important to note that the protests started peacefully but things escalated as the night went on. Pd says no officers were injured in any of this we also reached out to them to see they have an update on any of the protesters as well any of their injuries. They say several arrests
Intensified kron fours reyna harvey live in oakland with details on what happened reyna. And good morning. So it really was a Ripple Effect first you happy Police Shooting of jacob blake like you mentioned, and then you had to protesters who were shot and killed protesting the shooting of blake so a lot of things happening that have made its way here in oakland were going to show you some of the damage that was done overnight you can see here at the whole foods store here in oakland, the windows broken out there there were also several other buildings that were vandalized including cars along with the Alameda County courthouse being set on fire as well now according to police. Theyre saying that numerous fires were set throughout the downtown area and theyre saying that also dozens of windows were broken and theyve seen multiple businesses that were vandalized now its really important to know that the protest all started peacefully. People taking to the streets with signs asking for ju