Laura as it intensifies into a category 2 hurricane 16 years in the making, palantir finally making a bid for the Public Market but not without a lot of investor scrutiny move over bill ackman, there is a new face you ever watching cnbc good morning. Im dominic chu in for Brian Sullivan today a bit of a miss so far you can see the s p higher by about four points. The dow jones lower by 37. The nasdaq outpacing after the s p 500 closed higher. Hitting the 17th record close of the year nasdaq trying for a fivesession winning streak as it pushes. Now seeing the 38th record close of this year the dow bucking the trend ending the day lower. The key to watch there, 28,000 mark early going, you can see the shanghai composite about flat on the day as well. Meanwhile, we are seeing outperformance in the german dax up about a half a percent. The ftse 100 underperforming as it has been all year currently down in this session we continue to monitor the developing story in the gulf of mexico hurric
Signs of gratitude and heartache line this street where Deputy Sergeant damon gutswiler lost his life and he was ambushed with gun fire and improvised explosive devices responding to a 911 call saturday afternoon. Its very important for his memory that we get this case right and we encourage anybody who saw something, who knows something, who may have been a victim of this guy to contact the District Attorneys tip line. Reporter the suspect, steven carillo, is an active duty u. S. Air force sergeant based at Travis Air Force base and had special teaming on a military police unit. Hes an angry man intent on bringing harm to police officers. He murdered sergeant gutswiler, injured another police officer, and hes going to be held accountable. Reporter today, sheriff jim hart praised the heroic actions after he tackled the suspect. The fbi, which was brought in to help the Sheriffs Office with the investigation, is now looking into a possible link between the ambush and the Fatal Shooting
Crime in communities. Reporter Minnesota City council announced they planned to defund their police force following the killing of george floyd, explaining defunding is a reallocation of funds from police to other forms of police safety. At this black lives matter rally pin san jose, theyre calling fr reforms but not quick to take a stand on defunding police. We need a dialogue on reformative change. Reporter the mayor is expected to announce his budget tonight, aware that his community is looking for change. Its critical for us to respond with action for reform. Reporter in san jose, chris reyes, for abc7 news. Chris touched briefly on what it really means to say defund the police. Lets get into that a little deeper. Heres an explanation. Reporter its something were hearing about right now as we talk about solutions for ending police brutality. Defunding the police. Its not a new idea, but sit new to a lot of people just learning about it. So what does it mean . The answer really depe
Nasdaq nearly 4 , will get back to the markets, theres a lot of News Headlines to go through, we will take you to that with our fox Business Team coverage, our reporters are set up, blake at the white house, hillary bonnet capitol hill, Edward Lawrence in washington. But blake has been the case, the news coming out at 1600 pennsylvania avenue what is the latest. One of the big pieces that came out was a phone call that happened earlier this morning between President Trump and the top democrat in the senate, Chuck Schumer tried to advance the tree and dollar rescue package that the white house hopes to get over to the president desk at some point next week. One area that the president and democrat agree on if money ends up going to big corporations making sure those can enter and use the money for stock buyback. The president said that he and schumer at this point really are not that far apart. I had a very good telephone conversation with some, we are working on various elements of the
Im a bailout sweeney and make sure workers and labor come first that people are not laid off that people salaries are not cut although some Senate Republicans for previously critical of the houses legislation. They stress the need to get aid to the public temper factions will just make. Are more comprehensive package. Even more urgent the senate is now working on a phase 3 economic stimulus package related to the coronavirus outbreak. Im John Lawrence reporting. And the state of california is helping in to help you as well because of the pandemic the States Employment Development Department created a special website you can see there a section on this website employees. Whose work hours were cut short or if youre out of a job. You can file for unemployment insurance. You add can get 40 to 550 a week depending. Those who cannot work because they were either expose are tested positive to coronavirus then you file a disability claim, so you got 2 Different Things going here if you work sh