Lisa hurricane laura is moving rapidly toward a category four hurricane, possibly inflicting billions of dollars of damage on the gulf coast. Interesting to see how that evolves with respect to oil prices. What else can 2020 bring . Tom it is going to bring a lot of challenges in academic growth. Futures red and green on the screen. Lets get right to the Business Review this morning. Ata what we are looking for 8 30 a. M. Is the july durable goods numbers. Interesting to see what this tells us about Capital Expenditures at a time of such uncertainty for companies. The u. S. Is selling a record 101 of a record 151 billion fiveyear yields. See viceing to president mike pence headlining day three of the Republican National convention. Look out for his 2024 that form, also expected money 24 platform, also expected to be his 2024 platform, also expected to be a potential candidate in the future. Tom we need to stop and explain jackson hole. It is a beautiful place with mountains that only M
There. Big stocks in apple and tesla giving back gains. Ibm gained more than 3 yesterday. Also cocacola up more than 4 being looing at u. S. Equity few you are its. Something to Pay Attention to. Dow futures down around 40 points looking at first of september, and all of july and august with spectacular gains. Looking at the treasury yields looks like right now 0. 654 . Those movements with he saw yesterday were interesting in terms of the rotation. As a general matter, those had to pull back they will have to have these pull backs the fact that the market can do okay on a given day is a positive doesnt change the fact that weve traveled at a steep angel here there is a jumpiness a late summer week heavy volumes. You are seeing all sorts crop up there is a Different Energy to the market 20 what has passed in 2017, 2013 not sure the implications but there is Something Different it is 6 01 in the morning here yesterday was called a gama squeeze. We dont want to get too mechanical in the
Early today starts right now glad youre with us. Im Frances Rivera im phillip mena. The number of Coronavirus Infections continues to grow as this pandemic rages on there are now over 6 million infections in the u. S. And more than 186,000 covid related deaths the series of International Trials found that treating critically ill covid19 patients with corticosteroids reduces the risk by 20 . Actor and former wrestler the rock johnson is the latest celebrity to be infected by the coronavirus. He announced his wife, two young daughters along with himself all tested positive about three weeks ago. This as a man in his 60s has become the first covid19 death erelated to sturgis in south dakota reporter its the scene they fear will unfold in the days to come from pool side parties to bars and beaches these are the holiday hot spots often behind a spike in coronavirus cases. After memorial day, 4th of july and a motorcycle rally drawing hundreds of thousands, u. S. Health officials sounding th
Weve seen the dow and triple gains. S p in positive territory too. Down 22 points, s p futures are off by four. Yesterday was a good day for the markets. You had the nasdaq wed been watching closely was a big outperformer gain of 293 points the first day out of the last four both the nasdaq and s p have been in positive territory. Those three days before that give you something to worry about . Futures had been higher. Down a lot but come off the highs in the session looking at the treasury market where the 10year stands right now. Just below 0. 7 . Oil prices which really fluctuated and sold off sharply. This morning are down again. Wti off 1. 5 andrew thanks, becky a couple big stories to talk about. The senate set to vote on that slimmed down relief bill today talks between the white house and House Democrats and a report that President Trump may step in with more executive actions to try and fill the gap if something doesnt get done joe . There are other places in the world too. We
She was worried for her dads safety. I was scared he would get sick and this would happen. The family says he tested positive for covid19 in late june. He was admitted to the hospital on july 2. They contracted the virus but recovered. The acting warden said he demonstrated unwaivering commitment and bravery every day during the devastating pandemic. His memory is carried on in the hearts of all the men and women. Who battle the deadly virus. I know its being more reactive than proactive. And i hope that they continue to get their stuff together and properly handle this. Friends and coworkers have been standing vigil in the parking lot. Visitors not allowed inside. To be here in the parking lot and just feeling. Letting them know were here. The family wants the public to know covid19 is real. And people need to protect themselves. This is effecting people. Its killing people. People are dying. It needs to be taken seriously. Her dad knew the risk of the job. But was dedicated to his du