Live this hour. Plus records watch, the plus ive got it, carl the dow aiming to erase 2020 losses and the s p heading for the best august since 1986, kelly. Wow and cocacolas restructuring strategies amid plans to streamline the drink portfolio they are setting voluntary job cuts for thousands of its workers. David, it is friday, and kelly, friday and you just sort of think back to what this week has brought us, guys alltime highs, obviously news in sports in the nba, hurricane laura, the rnc and we will hear from what the president said last night tiktok, microsoft, walmart, oracle, you name it, david, but large discussion this morning about how the thing thats going to probably stick with us for the weeks and quarters to come is going to be that historic powell speech and we will have to decide whether this long end is bringing us noise or something more yeah, i mean, im glad kelly is here because im sure she was home studying every word after it took place, as you know, not my area
Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
We spend our days in san francisco, i think we brought with us to new york. Had two remember, we ipos. Rocktenn company finishing the company finishing the day up 10 . As earnings out of our on out which surprised some folks. Inventory issues giving them pricing power. Shares up. You better buy that car. Caroline if only the dmv would open, then maybe i could. Ed, does it feel wobbly at the moment . There is a great story on the verge about robinhood trade happening worldwide. What does this feel like necessary given the sheer liquidity in the market . Storybinhood is an easy to focus on, and for good reason. We have a composite of about 30 indicators and it is actually in the neutral zone. There is pessimism out there and i think a lot of it has to do with the perceived disconnect. When you throw in secondary ipos, they top of are at a record high over the last three months. That is a lot of supply to come on the market. Caroline all eyes on capitol hill for that fiscal stimulus bill
Good thursday morning. Welcome to squawk on the street. Im carl kint nia and jim cramer still over 1 million for the 20th straight week ahead of the jobs number. Leader mcconnell will join us on the stimulus talks that continue on the hill followed by Speaker Pelosi later this hour, jim, as we continue to get reports that the two sides are trillions of dollars apart. Yeah. This is a day where we have to find out in our interviews whether theres any hope for compromise because if there isnt, youre going to see a full open business that will make the unemployment numbers very rearview mirror. A lot of people recognize that theyre trying to figure out, is washington playing partisan politics do they genuinely want to deal maybe they dont we will find out during this show. You think well find out . Well talk to mcconnell first, jim. Yeah, i do. A billing part of that is sort of the fragility of the republican caucus. As mcconnell has said this week, jim, he has 20 senators who feels we hav
Market thats such a long name that it covered two lines in the tele prompter baseball is back as the mlb kicks off its season and so does Sports Betting well talk to the ceo of fan dual power lunch starts right now rolls right off your tongue thanks opinion as jobless claims rise for the first time in four months, republicans and democrats are pushing to come to an agreement on phase four as Unemployment Benefits are about to expire. Lets get the latest Details Senate gop leadership and the white house say they have reached a fundamental agreement on the next relief package but we still havent seen any of those bills yet and its not clear when we will treasury secretary Stephen Mnuchin was back on capitol hill to continue the negotiations with Senate Majority leader mitch mcconnell. He told cnbc hes made one concession to Senate Republicans and thats abandoning the administrations request for a payroll tax cut. One of the issues i think about the payroll tax cut is people get that mone