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Jobless claims news, over last nine weeks, over 40 million americans applied for first time jobless benefits this is expected to be about the worst of it. We might see an unemployment report tipping 20 or so. That could be the worst of it or at least that is the hope. Lets getted read from Jackie Deangelis following what is happening on the virus, following what is happening on the markets putting it all together. Hey, jackie. Reporter neil, with respect to a bumpy ride the markets are a little confused today. Down 50 points, this is smaller bump than weve seen in the past which is definitely a good thing. The big question has always been as states start to reopen, are we going to see a spike in cases . That was always the fear, the argument against reopening. Here is what we know, global cases topping five million but that doesnt really tell the whole story. Testing has become more readily available. More people being tested. I ....
At us, we are at number four. The president , the Speaker Pelosi and treasury secretary mnuchin, they are all on board with a grand infrastructure plan. Leader mcconnell says hold back for now, but it sure looks like a lot more spending is in the works. After all, we are all big spenders now, arent we . Look at the markets. Responding to the jobless numbers and the possibility of more stimulus. The dow looks like it could eke out a small gain of maybe 70. Nasdaq up 17. S p up maybe 10. A fractional gain for stocks despite that jobless number. Look at the price of oil. Up sharply today. The president wants a deal with the russians and saudis and he will meet with Oil Company Executives tomorrow. The oil price this morning is up to, okay, up to just 22 a barrel. Got it. But its higher by 9 . The price of gasoline, look at this, keeps coming down. 1. 97. Thats the nation ....
Some of the democrats wish list has been taken out but the Kennedy Center for performing arts still gets 25 million and there is a provision which limits the response of Small Businesses to union action. Surely at times like this we should be able to pass a clean bill without measures that have nothing to do with rescuing the economy. It is a 900 page bill. We are still going through it. We are looking for the pork. Now look at the markets. There is virtually no reaction to those really bad jobless numbers. We will open with a very small loss, maybe go to the plus column at the time we open up. Right now we are looking at a 57point loss, 67 points for the dow industrials. Remember, please, this follows backtoback trading sessions where stocks went up. Some think that is a sign of at least a shortterm bottom. Well see. Again, the dow is now down 70. S p down 13. Nasdaq down ....
He has testified that he believed that Security Assistance for ukraine was tied to an investigation into the bidens. My clear impression was that the Security Assistance hold was likely intended by the president , either as an expression of dissatisfaction with ukrainians who had not yet agreed to the burismabiden investigation or as an effort to increase pressure on them to do so. Reporter testifying today, fiona hill, former top russia expert on the National Security council. She in part heavily criticized those who feel it was ukraine, not russia who was responsible for meddling in the 2016 president ial election. Back here at the white house, that lunch meeting, neil, we think it will be five or six republican senators involved. Two on the left side of screen there, i guess you could say are interesting ....
Cenat. Griff there were 67 arrests many of them were minors. The power of social media cau causing havoc. And cb cotton is kicking things off for us. This is a crazy story. The promise of free video games and items led to the trashing of this beautiful New York City park behind me. Its impressive how quickly the city cleaned things up. Theres an event happening behind me and you cant tell that the chaos ensued yesterday, but it certainly did and the influencer whose post was behind it all. K kai cenat faces charges including inciting a riot and unlawful assembly, but he could face other charges according to police. Sen cenat on instagram. Some were on lamp posts and some jumped on cars. A Construction Site was damaged and officers said that people took items from the sites, paint cans, shovels, and started throwing them around. And some people were even lighting fireworks a ....