Fox 51 and because paul jones radio stations he has been a ground 0 for this economic crash because when people stay home businesses close and they stop advertising so paul take me back to early march when the shutdown 1st hit everybody was told to stay home how suddenly and how severely was local commerce in texas whacked and how close did your business come to the edge of a cliff. Well to get from the top immediately when we got the word essentially that april was going to be canceled. It had an Immediate Impact and a lot of advertiser say well if im going to be closed i cant spend money i cant advertise that which i cant deliver so we took over a raft of cancellations that all came in essentially on the same day and it had a you know very very profound impact immediately. We were fortunate however in that what was a essential business i percentage of our client base at this particular group of radio stations were quote unquote essential and so they got to stay open and they decided
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
One College Football player announcing he tested positive after attending a demonstration as covid cases continue to rise in at least 16 states, plus, what could be good news for parents, what dr. Anthony fauci is saying about reonindme deadly flash floods. It now threatens the gulf coast from florida and louisiana as a ready storm sweeps across the northeast. Winds gusting at over 90 mile an hour. Ginger tracking it all. Drew brees backlash. I will never agree with anybody disrespecting the flag of the United States of america. The nfl star under fire saying he still doesnt support taking a knee during the National Anthem. In the wake of George Floyds killing the top players and teammas lashinonia a. The nba bouncing back. Powers in and finishes. Our favorite players planning a big return to the court. What the league is doing to keep teams safe and how disney world may be making the magic happen. Good morning, america. Thank you for joining us again in this tumultuous time. Thousands
Take shape across the nation. This is a live picture that we can show you of an event being held right now in brooklyn, new york. As you can see, there are people with the microphone, there are people Wearing Masks and they are sort of social distancing and most importantly, it appears very peaceful. Isolated incidents of violence did mar largely peaceful protests all across the United States last night. Some businesses still struggling with that double whammy of damage from both looting and the enduring losses of the coronavirus pandemic. We will speak to one Business Owner who is desperately trying to cope. With so many people gathered so closely together in the middle of the coronavirus pandemic, will we still see a second wave of the deadly outbreak sooner than the fall . We will take you straight to the front lines. Dr. James gasparino works in the trenches at Brooklyn Hospital center. He will give us an update on what he believes will be a new coronavirus spike. And what he expec
Unemployment claims last week, but we are seeing sectors most sensitive to economic reopening. Sharply hire American Airlines rilgt now, trade iing up some 45 wilfred. Its actually pared some of those gains. About 43 . Ahead on todays show, tim ryan has a six step plan outlining his companys pledge to support black lives and it goes well beyond cash donations. Hell join us with his message plus, a key question for millions of newly unemployed americans. What happens when federal stimulus programs run out . Lets focus though on the big stories were watching today first of all mike is tracking the Market Action phil lebeau is watching a huge surge for airlines before the pullback and Courtney Reagan covering a battle between landlords and retailers, but mike, lets start with you and the broader markets. Hard to make too much of this headline softness after such a sprint that the market has had take a look at the two year chart the s p has had. We did see today mostly, the nasdaq 100, cli