Go from tech giants to taxi giants air travel slowly comes back the its a administrator will be here and the billionaire tilman. Hell tell us how the economy could get worse before it gets better welcome, everybody power lunch starts right now money cant coming out of the bond market. Those yields remaining pretty low. Rick has the bond picture. Well go to him on that. Bob has more on this market. The important thing is were at new highs intraday bp well see if we close there. We have our old Friend Technology stocks pushing the market forward tech, Consumer Discretionary but thats largely because of amazon and maybe sochl the ame of the s people the s p is going to have a hard time going down big. Kohls down. Gap down you see these declines this is not about the second quarter. This is about comments being made about whats going on in the third quarter. Look at walmart ceo. He said consumers are spending money but not at the pace they were in the middle of the quarter. Its off to a sl
Good thursday morning. Welcome to squawk on the street. Im carl kint nia and jim cramer still over 1 million for the 20th straight week ahead of the jobs number. Leader mcconnell will join us on the stimulus talks that continue on the hill followed by Speaker Pelosi later this hour, jim, as we continue to get reports that the two sides are trillions of dollars apart. Yeah. This is a day where we have to find out in our interviews whether theres any hope for compromise because if there isnt, youre going to see a full open business that will make the unemployment numbers very rearview mirror. A lot of people recognize that theyre trying to figure out, is washington playing partisan politics do they genuinely want to deal maybe they dont we will find out during this show. You think well find out . Well talk to mcconnell first, jim. Yeah, i do. A billing part of that is sort of the fragility of the republican caucus. As mcconnell has said this week, jim, he has 20 senators who feels we hav
Investors are increasingly pinning their hopes to a virus recovery on the vaccine so modernas news is helping the market this monday morning. And its own stock, of course. The dow industrials, probably going to go up a few points, maybe 70. S p up about 12. The nasdaq, up 85 points. Green this monday morning. Next headline, gold. The price is now at an alltime high, closing in on 2,000 an ounce. A weak dollar plus the fear of a postvirus bout of inflation, plus the u. S. china escalation, all pushing the price to, what, 1956 per ounce as of right now. Were expecting the republicans to detail their trillion dollar stimulus plan perhaps today. 1200 checks, Liability Protection for business extended but reduced emergency unemployment bonuses. Larry kudlow on that later on todays program right here. Now, look at big tech. Top executives from four of them virtually testify to Congress Later this week. This is important. What are we going to do with the crown jewels of americas business . Ta
Major speech since stepping away welcome back from royal life encouraging lets get into your weekend girls to be brave and bold fraf forecast and this is typically early today starts now the hottest period of the year and this is not going to disappoint it is going to be beach and pool good thursday morning im weather all over the country phillip mena a few storms rolling through the im frances rivera. Cases rise as officials scramble northeast. An isolated storm in areas of to keep the outbreak from spinning out of control. North dakota the u. S. Reported more than 67 and then it builds through the new infections making it the midatlantic second highest single day total. The heat wave continues through much of texas and areas of the infections have now topped southeast. A few scattered storms in the 3. 5 mi confirmed great lakes but the big story, staying hot pretty much from coast to coast 165 new cases of Covid Infection well, at least its the peak. We got that. Right . Raising its
Taking a hit. Honey . Theyre actually two miles down the road. Major League Baseball sidelines the Miami Marlins for the rest of the week to contain the teams coronavirus outbreak. And in the nfl, more players you always say hi mom thats what you do when youre opting out of the upcoming on tv. And extra love to your dad. Season. Hes fighting cancer and we are sending love his way too the latest straight ahead. On alert. We love you. Thank you hanging with us th morning. And the group, one more time. I am looking for the ross family new shark sightings forced east from washington. Coast beaches to close for a second day in a row. Tom right. I wouldnt go in the water, there they are at least not today. And what were learning about maines firstever deadly attack. A woman killed by a great white. Thank you, guys thanks for hanging with us this hot seat. The ceos of amazon, apple, morning. Facebook, and google facing nice to have you with us. Lets see the group one more time i am looking fo