Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit better in terms of the losses, mike yeah. This was a day when we sold the rip in the morning and then bought the di
Bring this collection of great talent and Close Friends together today for this conversation, and that Susan Glasser of the new yorker kindly agreed to host today. Susan, thank you, and over to you. Susan thank you so much, steve, and to everyone who is joining us on this incredible allstar panel of experts we have with us today. I cannot think of a group that as a citizen, and not just as an observer, im hoping you can help us provide, if not definitive answers, at least some thoughts on what the path ahead looks like, recognizing we are in a world where we could not have predicted what we would have been talking about this week even two weeks ago. So, no one will hold you to it, but i want to thank the panelists in advance for their expertise and insights today. Let me do a quick introduction of everybody so that our guests today can understand just what an allstar lineup this is. I guess in no particular order, but the order i am saying people seeing people on my view screen, i dont
Lets begin with the latest kobe 1000 numbers worldwide cases now topping 10700000 and 517000 reported deaths the top 3 countries with the most cases the u. S. Still leading the way again followed by brazil and russia right here stateside 2600000 cases with 128000 reported deaths meantime there is growing concern about an uptick in covert cases in prisons nationwide and as americans prepare to celebrate the 4th of july state and federal officials urge everyone to take precaution and wear a mask were going to bring you 2 reports on this. Starts off. We are now having 40 plus 1000 new cases a day i would not be surprised if we go up to 100000. 00 a day if this does not turn around and so i am very concerned it was a stark warning from dr anthony south to you that the u. S. Could start to see nearly 100000 new cases a day when state the u. S. Saw 50000 new cases and states across the country are. Starting to see a spike we have specifically targeted our efforts to close in door operations
Edward . Reporter connell at no time in American History has the economy created 4. 8 million jobs in one month until now. When you look under the numbers, the gains get even more impressive. You have 40 of those gains in the leisure and hospitality sector as hotels started to reopen, states started to reopen, bars restaurants, early part of june there. 2. 1 million jobs created in that sector. Leisure and hospitality in june alone. The largest increase in history. Now some forwardlooking indicators are in the report. Construction workers are coming back. Another 158,000 hired in june, making a two month total of 622,000 when you have them building houses and building buildings. People then feel that. Its a Ripple Effect in the economy down the road. Right now half of the people who lost their jobs in the coronavirus shut down have been rehired. He will not be happy in the administration until everyone who lost a job has one. We can get people back to work safely n the treasury well ta
Americans housing right now millions of you are asking the following questions given the volatile economic and political times that we are going through so do i sell my home before it loses value. What happens when all of those people who arent paying their mortgages are suddenly forced to pay up. By the way those people who arent paying for at least 3 months make up 8 percent of the homeowner population and they reportedly account for more than 800000000000. 00 in unpaid principal so what happens when the government forbearance comes due will there be a glut of homes suddenly on the market and then there is the question of whether big cities will suddenly empty out what happens in our nations urban centers who will want to live in a crowded densely populated city with elevators and Tall Buildings in a key journalists parts of racial unrest these are the trends that some really smart people spend their entire lives studying and trying to come to grips with and what theyre finding may s