Im tyler mathisen. And im sue herrera in for susie gharib. Stocks rallied today on news that former treasury secretary Larry Summers dropped out of the race to be the next chairman of the Federal Reserve. Saying his confirmation process would likely be acrimonious and it wouldnt serve the interests of the fed or the economy. Well talk more about summers decision and whats next for the fed in a moment. For today with summers out of contention traders believe the easy money policies will continue in the postbernanke era so the dow saw another tripledigit gain despite concerns about a horrific shooting alt a Navy Facility in washington, d. C. The dow closing well off the highs of the session but its still added 118 points. The s p was up 9. But the nasdaq ended down 4 points hurt by shares of apple which declined 3 on news that China Telecom was cutting back on sub ski dis for the iphone. Even before Lawrence Summers bowed out of the running to lead the Federal Reserve this was sure to be
Why would the president be doing this . Good sunday morning to you. You are watching new day. It is july 12th. Im victor blackwell. Im abby philip in for christi paul today. Thank you for joining us. The top medical expert warning that the u. S. Is approaching, if it stays on this current path in dealing with the covid19 epidemic, one of the most unstable times in the history of this country. Right now, coronavirus cases in america are surging, more than 61,000 cases reported on saturday and covid19 killed 685 americans. After months of refusing to wear a mask in public against the recommendations of its own administrations Public Health experts, President Trump finally wore one during a visit to Walter Reed Medical Center yesterday. In the case of a former adviser, Robert Mueller made a rare Public Statement declaring that roger stone is a convicted felon and rightly so. Were going to have much more on that later this morning. The u. S. Saw a surge of Coronavirus Infections in the wee
Going up or down. Were not ditrading this. We are short the stock. How much communication did you have with herbalife prior to this presentation about your analysis . None, other than we listened to or read many times the Conference Call transcripts, analyst you never went to them and said, look, this is our position. We have questions. We want answers. Correct. Why not. You saw what happens to since david asked the calls on his Conference Call, they strictly cut the access for others. This is the most transparent we could possibly be. This is public presentation. The only people we didnt allow is, the cfo called and said, can we be part of your presentation . We said no, this is our presentation. They sent people from herbalife and we had the assistant corporate secretary and other people in the audience, and they are able to participate. I dont have a list yet who was on the webcast, but we will also make a recording available for people who missed it or cant see it. I suspect anyone
Interconnected world, all the optimism and hope and opportunity that interconnected world renpresents. Its also important in these discussions to find ways in which we are expanding and br d broadening the benefits of that interconnection to more and more people. Thats what so many of you are doing. Were gathered here at stanford in the heart of silicon valley, which is one of the great hubs of innovation and entrepreneurship not just for america but for the world. This is a place that celebrates our ability as human beings to discover and learn and to build, to question, to remadge gin to create new ways to connect and work with each other, where two guys in a garage, bill hue lit and dave packard launched a global country, where student projects became yahoo and google. Those were really good student proje projects. [ laughter ] my student prrng projects we as good. Its where entrepreneurs, like so many of you, get an idea and you build a team and you work to turn it into reality and
With scott pruitt has to do with the upper Level Staffing at epa. When fox News Reporter ed henry interviewed scott pruitt, that was the part, that staffing part was where they got into their biggest fight. Why did you go around the president and the white house to give pay raises to two staffers . I did not. My staff did. I found out about yesterday and i changed. Is somebody be fired for that . A career person or political person . I dont know. You run the agency. You dont know who did this in. I found out about this yesterday and i corrected the action. We are in the process of finding out how it took place hang on. Both of these staffers that got the large pay raises are friends of your from oklahoma, right . Theyre staffers theyre friends of yours. You didnt know they got the large pay raises . I did not know they got the pay raises until yesterday. One got a pay raise of 28,000. The other was 567,000. Do you kn 57,000. So one of your friend got a pay raise of the median they did