With france reporting record infection rates as germany curfews go into effect in berlin and frankfort. President trump is back on the campaign trail after announcing he has fully recovered from covid, claiming he is now new. Well get rid of it all over the world. You see big flareups in europe, big flareup in canada, very big flareup in canada you saw that today a lot of flareups, but its going to disappear congressional lawmakers have rejected a white house proposal for a new 1. 8 trillion Coronavirus Relief package, as talks to reach a fresh stimulus deal before the november election remain at an impasse. The Trump Administrations plan would include aid for state and local governments and Liability Protection for business, along with 20 billion in support for the struggling airline sector. Senate republicans, though, oppose the plan in a weekend call with treasury secretary Steven Mnuchin and white house chief of staff, mark memeadows, saying they were not pleased with the high cost
But i think that the sideways period that we have had, has that cooled off for a few weeks, going nowhere. The s p has been in the tight range through july that whole period netted out we could not get away from upside risk. No selloffs, and you had things like m a popping up today and friday, and the idea that we may get a fiscal deal, and the highest stocks in the world continue to pull in dollars. Yeah, i know in general youre not a huge fan of seasonty and people making arguments based on seasons, but s p only had three positive augusts in the last decade i dont know that it changes that i feel like you have to be mindful of seasonty but know what it means. There is a tendency to have a uptick in compatibility and market action. I dont know if that is market wide or not. I think you have to be aware of it combined with the fact that youre seeing froth. It seems to come together. I find it interesting today that the dollar is bouncing and not really taking anything out of the big in
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
So assad bombing in northern afghanistan the taliban has claimed responsibility and accused of war crimes cause of all surprises and touchy is interviewed by a special prosecutor at the hague. And on the wings of the sports news as munches the citys european bond is overturned and washingtons on a full turn drop for a controversial redskins mon after pressure from sponsors and social justice campaigns. Thank you for joining us the World Health Organization is warning that the world want to be returning to normal life for the foreseeable future it says a Global Coronavirus Fund demick is only going to get worse if basic health care precautions are not followed nearly 13000000 people worldwide have now to. Said positive and have been more than half a 1000000 deaths globally many governments which had begun easing lockdown measures are now being forced to bring them back and the head of the w. H. O. Says too many countries are seeing their infection numbers heading in the wrong direction
We have a bunch of Senior Officers. Senior means age, not rank. They review the manuscripts and make a recommendation to the director of the book program, and then the wheels start rolling. The negotiation with the publisher goes on between the book Program Director and the author himself. Weve got a nice stable of printing houses, universities, and other organizations that produce our books. As a bit of history, in the audience in the back, dr. Roger cirillo, who was really the genesis, start of this years book program. A number of years ago when it came under attack, we brought roger in and he resolved it and kept it running. Roger is a colonel in the regiment. If you are a tanker, you know what regiment im talking about. Im not a tanker. Im an engineer. In the last row, and some of you have heard this story before, is a retired general, but in the opening days of world war ii, this individual was stationed in greenland as an army weatherman. Back then i think you were a tech sergean