Testing. We believe weve made progress. As we see cases rising, that we still have work to do. Vice president pence plans to travel to and meet with the governors of arizona and texas next week to talk about the cases if the states and whats next. Back to you. Thank you. The Trump Administration is taking aim at the Affordable Care act. An 82page brief was filed arguing the law is unconstitutional after congress ended the tax penalty for not buying health insurance. Joe biden took aim at the president for the suit. Donald trumps twin legacies, his failure to protect the American People from the coronavirus and to take healthcare protections away from american families. A study from the center for American Progress estimates 23 million americans would lose healthcare plans if the act is repealed. A Supreme Court decision probably wont come until 2021. An Oakland Mcdonald is to stay closed. The restaurant on telegraph avenue has been closed since may 26th when workers went on strike. Las
Briefings this was held at the department of health and Human Services not at the white house the briefing was held after the number of new coronavirus cases in the United States, hit an alltime high of 40,000 today. I think what we are missing on this is something that it is not just isolated to you because if you get infected, you are part innocently or inadvertently, propagating the dynamic process of a pandemic. Because the chances are, that if you get infected, that you will in fact someone else. You may feel well. 40,000 new cases today making the total case count in the United States more than 2. 4 million and as cases surgeon some states there are nearly 2 and half million coronavirus cases again here in the United States more than more than 124,000 people have died from covid19. In minutes we will bring you the governor speaking live as he updates the states response to covid19. We do know the number of new coronavirus cases and hospitalizations continue to rise in california,
As he calls them unchecked monopolies big plans for the big apple. Finally out with a reopening plan and why the novelty of working from home may be wearing off on all of you it is friday, may 29th, youre watching Worldwide Exchange here on cnbc good morning, good afternoon, or good evening, welcome from wherever in the world you may be watching. Thung for joining us right here on Worldwide Exchange. It looks like it may be a weak end to your week dow futures down about 73 points stocks having a good week so far. But right now, market nerves seem elevated a a bit waiting on the president s speech about china. Well get more on that in a moment despite yesterdays drop, the dow, nasdaq, s p, all the major indexes are on trial court for their succeed strakt month of gains. The nasdaq leading the charge among the broader index up 5. 5 . Now less than that small caps the real winners this week up nearly 8 as investors begin slowly to look past the lockdowns, this may be the story that may mo
With the dow gaining 6. 8 there has been some controversy about that too explain whats going on behind the numbers. In terms of how many jobs have been lost during the pandemic. Its fifth positive session. Its been up five sessions in a row. Its indicated higher and the 6th day of the week. That was up by 6. 8 . S p was up by 82 points. And then the nasdaq was up by 2 almost 200 points. The s p indicated up by 6. 5. And treasury yields and did see quite a bit of activity there too. The ten year yield picking up substantially last week and this morning its back at 0. 91 i cant remember the last time we had a ten year above 0. 8 let alone 0. 9. It could be a round number some day not that far 1 maybe cross your fingers. Oil too is almost 40. Oil looks like a bad break looks like it went down and it is such a quick one right back up and almost to the levels where it was almost prior to this the journal has the piece when the spiggots are opening here today. We have a huge show again today
Chance of a vaccine by yearend. U. K. Tohnson asked the move on from around over his top a. Overiding requirements landing spots at key hubs. Welcome to daybreak europe. The tensions between the u. S. And china continue and we have interesting commentary from fed officials, talking about yield curve control. Thats the backdrop in turn of the feds. Seeing a fair amount of green on the screen, overnight also digesting the news of south korea cutting its right to a record low and cutting its gdp forecast. U. S. Futures have given up some of the gains from earlier. Youre seeing some negative come through on nasdaq futures on the report that President Trump is preparing to sign an executive order that could threaten to penalize facebook, google, and twitter for the way they moderate content on their site. Quite a bit higher on european futures after the plan coming through from the e. U. To the tune of 2. 6 trillion dollars, a radical plan. The tenure yield is steady and we saw that reactio