Amy in philadelphia, a black mother who was attacked with her family in october by a horde of Police Officers is speaking out about the harrowing experience. Rickia young was driving an suv with her twoyearold son and teenage nephew when officers descended on the vehicle, broke all its windows, assaulted and arrested young, pulled her 16yearold nephew frothe car, and grabbed her child. We will he rickia her own wordand speato her aorney. Then we look at how the ridehailing Companies Uber and lyft scored a major victory against Worker Rights with the passage of proposition 22 in california. Theyre now pushing similar measures in other states. With this passage, this will basicivers like me from protections afforded to most in the state. These companies are promising to roll out this model tionwide. It foretells a grim future for gig workers across the country. Amy we will look at other Ballot Initiatives around the country. All that and more, coming up. Welcome to democracy now , democr
Democratic candidate for President Joe Biden will make the speech intentionally of his lifetime. The day started down pete with a rise in jobless claims. Yesterday, we saw a surprise bearish reversal. Today, a surprise bullish reversal, all leading into joe bidens speech. Morning,earlier in the we had stocks down a little bit as the initial jobless claims came back in above a million. But we had a turnaround. Thanasdaq closing up more 1 , so perhaps some folks hoping that those unfortunate job numbers could force congress to approve a stimulus package sooner rather than later. Nasdaq up 1. 4 . , the newa cap index York Stock Exchange faang index, up about 2 . Facebook,habet, amazon climbing higher. The stayathome trade back in the lead. Russell down half a percent. Interesting way for the gains to happen. Perhaps not the healthiest. Financials, industrials. All about tech. You were mentioning the dnc tonight. Joe biden making potentially what will pd speech of his lifetime. Going into
Volatilityews will be the name of the game for the foreseeable future. Perhaps also low volume. I want to bring in Abigail Doolittle who has been following all the action, or lack thereof. Walk us through the theme of today. Abigail lack of action was the theme on this slow summer friday trading day. There was some fluctuating between gains and losses on the s p 500, the dow, and the nasdaq, but this is the first few the first time in quite a has been true,at but this is the first day in quite some time where it did not file shoot might drop or we did see a true bump. There is reason to think that could be ahead, but today, the s p 500 up, the nasdaq managing to pull out a gain it seemed like the nasdaq might put up its first two day decline, which would be the first time in two months. Part of that having to do with biotech. Goldman had constructive comments on modernity. On the week, the worst week going back since march, the nasdaq down on the week, the s p 500, the first time weve
Lets get some deeper knowledge into what is going on with scarlet fu. Scarlett we saw indexes fall to their lows right around the time apple made the announcement. We know there was talk about the increased number of cases across certain parts of the United States. Apple says it will shut down 11 Stores Across florida, north carolina, south carolina, and arizona because of increased cases. That probably dragged down some of the other indexes. Financials are the laggards right now in advance of the feds stress tests. The central bank will consider the virus impact to guide whether banks can pay dividends. Small caps were hoping to lead on the way up, now helping to lead on the downside, although we are making a bit of a comeback. Through the 42 level but could not hold on. One thing i could not keep my eye on of is wirecard, the train wreck of the week. The stock rounded off a twoday 75 plunge in germany. Short covering could be limiting the losses as investors brace for default. Able t
Slavery had been abolished, two years after the emancipation proclamation. Meantime, President Trump ready for a planned rally saturday in oklahoma, where 100,000 protesters are scheduled to gather in oklahoma. Protesterstipolice ahead of the president is first rally in months. Meantime, big tech in the spotlight amid scrutiny at home and abroad and charges with the eu. Joining us now is the leader of u. S. Antitrust efforts against microsoft back in the day. Gary, thanks for joining us. Lets start without strong you believe the eu case against amazon is. Gary pretty strong, based on everything we read. The eu is going to charge with amazon with misusing data it gets from merchants on its site. Think, is going to claim amazon uses that data to help amazon make copycat products that compete against the very merchants they are supposed to be supporting. The press has done great analytical reporting, and it appears that exactly the cake that is exactly the case, based on interviews with f