Gave this answer whether asked about a peaceful transition of power. President trump get rid of the ballots and you will have, you will have a very peaceful, there wont be a transfer frankly. There will be a continuation. Charles we get reaction from the rnc coming right now. All that and so much more on making money. Charles recently in a mad dash for the exits weve seen gains turn into losses quickly. Some are comparing this action to the socalled taper tantrum. You remember back in 2013 when there was a great fear that the Federal Reserve was going to turn off the spigot, begin to undo the massive quantitative easing. Dont say to Stuart Varney i said qe. The stock market knows it has the power to moving averagers and shakers, president , congress, ceos, yes, even the Federal Reserve. I think the market rallied big time in august because it assumed there would be more accommodation. Then last week the market had its wakeup call, maybe the fed dont do more. Now the chance of fiscal he
Morning. Dow, nasdaq and s p scoring fourth straight month of gains. One of americas old retailers filing for bankruptcy. Lord taylor hit hard by the coronavirus pandemic. Surprising results of new study ahead. Mornings with maria is live right now. Dagen global action, european markets up across the board. The euro zone economy showing signs of some growth, purchase Managers Index there for july coming in at 51. 8. Anything over 50 shows growth. In asia overnight mostly higher, private survey of chinas Manufacturing Activity showing growth for july. Purchase manager index hitting 9year high. Gold shines, on a roll closing in on 2,000 an ounce. White house officials and democrats set to meet again today to discuss covid19 stimulus bill. Cheryl white house chief of staff mark meadows says we still have a long way to go and hes not optimistic about reaching a solution soon. Democrats want the extra 600 of Unemployment Benefits which ran out last week extended an republicans want to reduc
Worlds poorest cope with basic access to food and water during the pandemic. And nations across latin america fear the crash of world prices could push the region into its worst ever recession. After weeks of negotiation politicians in the us have joined ranks to try and protect the Worlds Largest economy from the turmoil caused by the corona virus pandemic in the last few hours the senate has passed a nearly 5 100000000000. 00 relief package to help struggling Small Businesses but also provide more funds for hospitals and for testing the bill is now going to the house for a vote. This gives us another 310000000000. 00 for the p. P. P. We look forward to the house passing this tomorrow in being up and running quickly after that this also gives us 50000000000. 00 for disaster loans idle loans that will allow the s. B. A. To make 300000000000. 00 of disaster loans all 1st Small Businesses. Also allows us as the president said more money to hospitals and unprecedented amounts of money for
Mallicoat. Good morning i am Claudine Wong and lets go to like being the first to check in. Meteorologist Rosemary Orozco for the forecast and we all got or the first to try you hand at the culinary arts. The purple memo today, frank or all the arts. Be the first to volunteer. Or the first to say its all going to be okay. Pointed out first and i love we are all on the same wavelength if not in the same building. And when the day comes, that is right i am feeling your when were no longer looking at our worlds from the inside out. It will be what we did in here vibe. And we have potted plants with that will make us stronger out there. Purple behind me, waking up the cloud cover along the coastline and parts of the bay, cooler whaso lets do the rightver chanthing, today. Ow. Temperatures for many around the bay area and this is a look from the east bay towards the lets stay at home. Lets wash up. Lets always keep our distance bay bridge and into San Francisco where you can see the please,
Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover