Points or 1. 5 . So as wall street presses the sell button, a dramatic move. The struggling Hotel Industry shouting in a letter to the president to bypass pelosi and Senate Leader mitch mcconnell. One of the signers, the ceo of best western hotels, live with us on the roadmap they are hoping the president looks at and maybe follows for them. But as the markets reflect the angst over the rescue package status, you can see this with the dow intraday picture, the latest company to nab a ticket to the 2020 spacpalooza is flying high. The banking giant who now on her fourth spac will tell you why she picked the Digital Payments company to take public. Its first day of trade is today, right now. Wait until you see what its doing. But lets get to this fox business alert and breaking news. To prescott, arizona where President Trump is expected to appear at the first of two rallies today in the grand canyon state but with just 15 days to go before the election, it was his comments on the tarmac
Points and the s p is relatively flat weve been watching what is happening in the treasury market and we take a look now, well see the 10year yield, at this point, seems to be sitting at 0. 655 andrew, over to you. Just out in the last half hour, the Biden Campaign releasing a new jobs plan. Kayla joins us with more its 700 billion, kayla yes it is stemming from a 110page policy document that is essentially emerging of the left and moderate ring priorities inside the Democratic Party. It was produced. I the Campaign Said it will create millions of goodpaying jobs and reinforces some policy commitments as well as jot lining new programs that a Democratic Administration would push for including a 15 federal minimum wage, mandate for 12 weeks paid family leave, universal prek for 3 and 4yearolds and payment platforms for lowincome americans run by the federal reserve. Democrats say a Public Credit Reporting Agency is needed to provide transparent alternatives to the private sector. There
George floyd 4 minneapolis por uses to similar but a different kind of restraint blamed for killing floyd. As calls to defund the police grow louder some democratic lawmakers say the message is often misinterpreted a los angeles representative Nanette Barragan says the idea is to invest money taken from police and put it into things like housing and education, supporters argue that some cities are overspending on police and at the expense of other Community Investments. Senator Kamala Harris is arguing that more Community Investment is a way to make neighborhoods safer. We have confuse. Having safe communities with hiring more cops on the street. The White House Press secretary says Defunding Police does take away essential resources from law enforcement. She says theres just no interpretation of this proposal that the president will support. We talked today to San Franciscos police chief to get his take and well have more on that coming up. Time for another check on the forecast lets
Still not many people. We will be tracking this story throughout our three hours. Nearly half a Million People will be returning to work in the city. And they are returning to work, by the way, to a city whose mayor is pushing to defund the Police Department in the wake of the george floyd protests. A lot of pushback on this, as you can imagine. We will get into it. Including from the president. He tweeted this just moments ago. Law and order, not defund and abolish the police. The radical left democrats have gone crazy. And Hillary Clinton, by the way, well, shes had another deplorables moment when speaking about trump reporters and we will have that for you as well. Im Ashley Webster. The big story for dyou today on monday, the markets pointing upwards. Varney Company Begins right now. This will go down in history as the biggest positive data shock for the markets and the economy. Its some combination of an incredibly resilient economy thats bouncing back, the impact of government me
Plus, the man who tried to stop a gunman who drove his car into demonstrators speaks out about the action he took. Takedown. Former saturday night live star jay pharoah releasing this dramatic video and describing how he was detained by los angeles police. They tell me to get on the ground. Spread my arms out. They put me in cuffs. The officer took his knee, put it on my neck. What the star wants the public to learn from stories like this. Under fire. Longtime vogue Editorinchief Anna Wintour apologizes for a lack of diversity at the iconic fashion magazine. Do her words go far enough . And what the magazine is saying this morning. New technology at airports. How theyre trying to prevent the spread of covid19 on airplanes and make flying safer. The changes you may see the next time you take to the skies. Good morning. We are facing a balancing act as states reopen. One number this morning to give you an idea of what the nation may be facing this summer as more states restart their econ