Portfolios. And nba players boycotting basketball games following the Police Shooting of an unarmed black man in wisconsin. Were going to get the thoughts of one of the black speakers at the Republican National convention. Mark meadows and nancy pelosi scheduled to speak at 2 30 does any of this job news wake up congress . Ill ask senator Marsha Blackburn. Weve got a big show for you on making money. Charles its been a day of significant news that keeps really a positive tone to the overall market. First off, Federal Reserve chairman Jerome Powell announced significant changes to policy approach in part to really the goal he says is to truly create maximum employment that would help all americans. Meanwhile, abbott labs receiving approval for a 5 covid19 test which further underscores we are getting closer to containing the virus. Its no coincidence the dramatic incline in cases coincides with the dramatic rally. The conundrum for investors is whether to chase the winners or buy the la
The dow now positive for the year as the s p and the nasdaq close in on alltime highs yet again. Is a deal to buy tiktok hours away . As we reported here first, microsoft ceo speeding fastest toward the social media prize. Now its confirmed walmart has bet on microsofts horse to nudge it across the finish line. The analyst who says a deal has been sealed and is down to the wire in a fox business exclusive. Dan ives of wedbush, only here coming up. Hurricane laura leaves destruction in her wake as the energy world scrambles at this hour to restore power and get natural gas and Oil Operations back online. We are going to take you straight to lake charles, louisiana, where the eye went right over for a look at the ontheground damage. And the boycotts spreading at this hour from sport to sport as americas top athletes protest racial injustice. The ceo of the Company Whose name is on the bucks home arena is with us live on hoops, protests and what big business can do and what hes doing to f
Anywhere from four to about 15 degrees warmer with that 24 hour temperature change compared yesterday afternoon. As we go through the day we are talking about daytime highs about 4 to 11 degrees above average for this time of year, 72 for a highend services go, 79 in oakland, upper 80s to about 90 in san jose and upper 90s for concorde. Tomorrow we are really going to crank up the heat with dangerous heat, talking about an excessive heat watch for the areas highlighted in yellow including the east bay hills, east bay interior valleys and for the south bay and in pink, that is an excessive heat effecttomorrow at at 7 pm. We will talk about how hot it will get in your neighborhood as we go through the next several days with his heatwave in full effect, details on that coming up in a few minutes. Ive been monitoring this hearing where pg e is discussing its plans for more power safety, or rather Public Safety power shutoffs with state regulators. Erkind and state regulators want to make s
Are pushing back against the trump administrations attempt to undo the Affordable Care act in a brief to the Supreme Court filed wednesday states in favor of the ac appointed to the pandemic to keep the policy in place theres never a good time to take Peoples Health care away. But you do so in the middle of the pandemic but at another level of hopelessness the Supreme Court will decide whether to overturn the Health Care Law and also review a recent Lower Court Decision that ruled the individual mandate unconstitutional that was the rule requiring americans have Health Insurance or else pay a fine opponents of the a c i have said without the rule of the rest of the policy shouldnt stand but experts estimate with the rise in unemployment about 5 million americans have lost their Health Insurance coverage since march if the cia is on dunns supporters warn 133 Million People with preexisting conditions could lose protections and another 20 million could lose coverage altogether critical f
Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th