New york, Edward Lawrence in washington. But jackie, we start with you. Reporter can we say party like it is 1999 . Fourth quarter 1999 is the last time we saw a quarter this good. That is positive given the fact weve been through so much this year because of the coronavirus pandemic. You can see the dow is up 17. 7 for the second quarter. S p 500 almost 20 . And the nasdaq composite, really the winner there, 30 for the second quarter. So we are watching those numbers as were processing what happened today, a 215 point gain on the Dow Jones Industrial average. Youre seeing more optimism in this market. Youre seeing investors digest some of the news about the spike in coronavirus cases. And seeing some hope in this as we move forward, that hospitalizations are down and it may not be illness has to run its course. Theyre taking it in stride at least for today, to close the quarter. Meantime i want to talk about another merge are potentially happening in the space, in the field today. I s
Washington. If we each are wearing masks, good morning, cecilia. For years, reverse Mortgage Funding has been reporter hey, michael, good then we can help reduce the morning to you. Helping customers like these use the equity spread of the virus. The president says hes taking reporter several historic action with this order from their homes to finance their lives. Jacksonville beach bars and restaurants shutting their doors and calls these the highest and they know the importance of having financial security. Again this week because of a strongest standards on earth and small outbreak. While many of these grieving more than a dozen people families say they are thankful make an appointment so they can tell you how it works. Contracting the virus at just for some movement on this front, one bar. Theyre calling the president s itacce yr ui. Ing. Arizona seeing a resurgence too. Order a baby step. Hospitals there overw cor me ic right now Small Businesses in the rose garden from President
Created 4. 8 million jobs, and that is much stronger than expected almost every single sector improved, bringing the Unemployment Rate down to 11. 1 . Isnt that the kind of news that makes people want to buy pretty much anything . Then the rally did taper off near the end of the day. The dow only dwayne e gained 92. Those are big numbers, but we got spoiled, didnt we what do these numbers mean what reflects the state of the labor market in the middle of june how does it impact your money . First, you need to understand that were still nowhere near where we are before the pandemic struck we still have a lot of ground to make up. The economy was smoking hot. I, however, think its a legitimate comeback. Its a legitimate comeback and a comeback gives you more latitude to buy stocks that depend on a healthy economy, not just an unhealthy one. But these are before the latest outbreak thats forcing many stocks to go back into lockdown mode, so its a glimpse into a post covid future that we ha
A black man is wrongfully arrested all because facial Recognition Technology got it wrong were going to discuss its time to move i. 19 numbers worldwide cases now topping 10100000 and 502000 reported deaths the top 3 countries with the most confirmed cases the u. West still leading the way followed by brazil with more than a 1000000 cases there and russia and right here in the u. S. Some 2500000 cases with about 125000 reported deaths now since reopening texas and florida are 2 of the states seeing massive increases in code cases with florida getting hit hard with record coated cases since reopening in june and Miami Dade County has become the epicenter of the pandemic in the Sunshine State so much so the beaches there are being closed for the 4th of. Holiday i think john honey is live in miami with the latest on the skyrocketing cases in florida and texas john just how bad is it there. Well manila you know look at a look at the numbers right now and its really dizzying because theyre
Thank you for joining us on this friday morning. Lets get right to that breaking news, the most violent night of protests so far in minneapolis. Anger over the death of george floyd boiling over as protesters gained access to a Police Station overnight setting fire to the building just hours after prosecutors said they are not ready to announce whether charges will be filed in connection with floyds death. 500 soldiers with the Minnesota National guard have now been activated to respond to the growing violence. At least 170 businesses have been damaged so far. This is video of a liquor store on fire. The fire chief saying, quote, we will aggressively fight these fires, but well retreat if its not safe. Demands for an arrest in the case have grown since video showed floyd moments before his death handcuffed with a Police Officers knee on his neck. This morning were learning more about previous complaints against that officer as protests spread to cities far beyond minneapolis. Overnight