About the blockbuster revelations about hunter biden, biden got a pass, the network fix was in, beat up trump, give biden a pass. We do have news on the stimulus. A little give on the part of the white house, Speaker Pelosi and secretary mnuchin have agreed on the democrats Virus Testing strategy. It is not much, a strong report on retail sales just came out, a halfhour ago, big loss for the stocks yesterday but a rebound today in part on the back of the retail sales report. The dow is up triple digits 130 points, the nasdaq, 93 94 points higher. Censorship are very much in the news, social media may be in trouble after blocking coverage of the bombshell allegations against hunter biden, the authorities are taking a close look at facebook, twitter and other social media liability immunity after four years of obvious media biased in social media censorships and is there any doubt that you are blocked so frequently from seeing or hearing conservative opinion. We will get more on that com
It it is 11 00 a. M. On wall street and squawk alley is live snap what a happy sound snap is the happiest sound ive found tap slap but snap makes the world go round snap crackle pop rice crackle makes the world go round i insist that pop is the sound well get to snaps pop in a moment, but first welcome to squawk alley. Im Caro Quintanilla with john for the and kristen boorstin snap is exceeding its first day of trade, 38 and change. Netflix going the opposite direction. Were going to discuss netflix first. Good morning good to see you. Good morning, carl. You said investors who are looking at this print are going to struggle to find negatives. Yeah, there really wasnt anything to dislike. Weve had advertising pullback during covid and now were seeing the snap back across the board. We think this is going to help facebook, twitter, a number of the advertising related names, the User Engagement was high you can do anecdotal surveys of all of our kids around the community here and theyre
Vallejo to protest his killing. There has been a lot, i mean a lot of Police Killings out here. Just since 1997 we had 37 people murdered here. It is not getting enough publicity, its not getting enough attention, and we, as the people, have decided that we need to do something about it. Civil rights attorney, john burr, says much rosa was on his knees and in the process of surrendering when shot. He called the shooting outrageous and said the officers life was not in danger. The officer said no, he fired his weapon, because he thought much rosa was reaching for a gun. Demonstrators also gathered in oakland, to march to uc berkeley, demanding change to systematic racism. No justice no peace local 1021 organized this event. They say their names or say their names marched, in coalition of Community Leaders demanding Police Funding be redirected to community services. They also want to civilize the police force, and to hold all officers accountable during their work. Victims were honored
Happy sunday, allie and frank. We have a warming trend that gets underway today. Outside outdoors at this hour, partly to mostly cloudy, and temperatures very similar to where we started yesterday morning. A look there over the estuary. 57 degrees to start your morning in santa rosa. Upper 50s in oakland, livermore, and san jose. Read about 60 degrees. The winds are lighter, and the bigger study for the afternoon will be that jump in our temperatures. I will have details on your sunday emma plus the extended forecast, coming up. Unions representing officers are announcing national reforms. The San Francisco Police Officers association and the Los Angeles Protective League have taken out fullpage ads in several major newspapers bid in addition to reform plans, the ads say unfortunately there is racism in our communities and that means across the country that there are some racist Police Officers. The statement goes on to say Police Unions must root out racism. A wendys restaurant was se
Jackie deangelis in the newsroom and Edward Lawrence in washington. Lets kick it off with jackie on todays market rally. Jackie. Reporter good afternoon, melissa. Stocks were slightly higher on the blowout retail sales report in may, an increase of 17. 7 , the biggest monthly increase. Aprils sharp decline was revised lower this is good news as states are reopening and economy is getting up and running, there does appear to be a lot of pentup demand from folks not shopping while they were unlockdown orders but buyer beware. As you said in beijing, another lockdown after a cloughster of new coronavirus cases showing reopening may not be as easy as everyone is hoping it will be. Meanwhile stimulus hopes are helping stocks too. Reports considering the Trump Administration is considering a one trillion dollar infrastructure plan to help the conry recover. The money is expected to include things like roads and bridges and 5g infrastructure. Washington post, facebook, google, the ceos of tho