Optimism toward a vaccine. On the other hand, bonds, we have this quiet rally. The 10 year yield firmly in this range. Bonds are pricing for the possibility of nearterm challenges around virus spread, oil stocks are looking ahead. It is not clear which side is right. Theres going to be some interesting activity ahead. David thank you so much to abigail doolittle. Fast congressional action helped bring the u. S. Economy back. Theome now one of those at center of the debate over future stimulus, republican congressman patrick mchenry. He is Ranking Member of the finance committee. As i say, i think most people agree, congress acted big and fast and help bring the economy back. Now we are seeing wobbly notes. Do we need more stimulus to avoid a double dip in the economy . Rep. Mchenry yeah, i think we do and i think the Federal Reserve agrees. Art of our country and segments of our economy are doing quite well. You have other segments, like the Restaurant Industry for instance, that are j
We start off with the stimulus slide, stocks sliding off Speaker Pelosi held a phone call with steven mnuchin. Lets get the latest from ylan mui. Whats going on here they have agreed to talk again reporter thats right, melissa. We know the phone call at 3 00 p. M. Lasted for just under an hour pelosis office sounded fairly positive on twitter, her spokesman said they continue to narrow the difference differences. Now, pelosi and the treasury secretary will speak again tomorrow, and by the end of the day, that 48hour deadline that pelosi imposed, they should have clarity on whether a deal is really possible before the election however, over in the senate, republicans are moving on. Theres not a lot of appetite in the chamber for the nearly 1. 9 trillion offers that the white house has been made to democrats. So one measure will be to extend the payroll protection program, and another one on targeted relief neither is expected to go anywhere, either, because democrats remain opposed on t
Another one coming in half an hour from now. Lets go through the techs because they are obviously doing well. Apple, you have to share with apple, tens of millions of shareholders, up again 3 bucks higher, 137. Amazon, now well above the 3,500dollar mark, the company is worth over 1. 7 trillion. Microsoft, also worth 1. 7 trillion with another record high. Up another buck today at 228. We will bring you the rest of the tech titans in a moment, just wait till you see zoom and how much its worth. Politics, you are going to see a sharp contrast in Campaign Styles today. The president continues to fly all over the place answering reporters questions whenever possible. Hes off to North Carolina today. Joe biden will not be getting on a plane when he travels to wilmington, delaware. He never goes far and shies away from reporters questions. This is becoming a political issue, favoring President Trump, hes out and about almost every day. Joe seems unwilling to abandon his basement strategy an
About 12 today. Another market master, ams evaluation 2 trillion for the first time ever. Tech was leading now 59 minutes left of the session and were essentially flat apple not flat. 2 trillion Company Coming up in just a few minutes, we will speak with White House National Economic Council director larry kudlow about the stimulus stalemate in washington the rising tensions with china and a whole lot more. Later rolling out the red carpet, ceo of amc theaters will be joining us with his companys plan to brink customers back to the movies its not going to cost you very much. Lets focus in on the big stories were watching in this final hour of trade. Bob pisani tracking the fed minutes. Joining us to discuss retail moves from pro forma starting with Broader Market weakening a bit off fed minutes. This doesnt happen very often. Usually fed minutes is not a market mover it was as wilf rentsched we lost points in the s p 500, thats noticeable given the fed doesnt move the market in the min
Situation just weeks after the countrys starting to reopen. Those are your headlines from all the stories. Coming your way with us. Live from the World Headquarters of the r t america our Nations Capital this is the news with rick sanchez everybody im rick sanchez and i want to welcome all of you who are watching us from around the world including those of you who are watching us on your phone using the portable t. V. Up as we begin this newscast right now records are being set in the United States you know its funny often when we think of records we think of highlights we think of accomplishments usually of things that are positive well so i did say this. Not that type of record this morning the state of florida announced that its daily death toll for corona virus is at 173. Unfortunately that is a single day highest total ever announced by the Florida Department of health since the pandemic big. If this record was set july 16th with 156. 00 deaths the trend seems to obviously be goin