The pain. He is here along with senator mike braun. China is firing back as the cold war between the two countries heat up but i continue to ask this one question. Is this big business silence same thing as collaborating with the enemy . Will big business join the fight . We have blockbuster panel to weigh in that. All and much more on making money. [. Charles its a down day for the markets which was not overdue, not sparking any real alarm. The rebound moved from erasing 20 20s losses to try to distance the fastest bear market in the history, now to the point where you want to broaden out winners if we are to keep this rally going. There are sufficient reasons for concern and near term valuation, coronavirus, long term growing debt and u. S. President ial elections but i got to tell you the s p and nasdaq higher for the year. The question will the dow join them soon . I have Fitzgerald Group principle, keith fitzgerald, David Nicholas and point view Wealth Management david dietze. I w
Are suing democratov to reopen e schools. But first, a stimulus deal between republicans and the white house is in the works. Majority leader Mitch Mcconnell is said to strategize in about half an hour with his caucus. He is expected to unveil the plan later today. Were getting details what might be in it and when might not be in it. Fox news Congressional Correspondent chad pergram on capitol hill with the latest and apparently a payroll tax cut deduction may not be in this, right . Reporter thats right. Well talk about that here in just a second. Ev this tenne particular set of spending, the easy part, the appropriations part. So Mitch Mcconnell, the Senate Majority leader Mitch Mcconnell will run through those details with his conference here in the next half hour or so. This is so fragile right now, we dont have a lot of meat on the bone. That is why Mitch Mcconnell has been hasnt said anything at this morning. I will run through what we do know here. There are a couple of details
Fox friends he is considering delivering his Convention Speech from the white house, an unprecedented move. Joe biden is not even going to his own convention. Well get reaction from Deneen Borelli. All that and more on making money. Charles folks, major indices are marching higher, despite a early report from adp on jobs. That was a big disappointment. Stocks are climbing focused on the Stellar Service data and drop in crude inventories. I want to bring in spotlight assets shana disel, and phil blancato, mike lee, of mike lee strategies. Phil, let me start with you. I like what im seeing from Economic Data. We sort of wrote it off as a lot of states started to stall or pull back reopenings. Going back to the ism manufacturing data. All the Regional Manufacturing date, service data today, maybe the v is getting stronger, not weaker. What does it mean if it is for the economy and the market . Ebb tide becoming high tied. We were in the ebb tide last few weeks. Manufacturing numbers told
Seeing a lot of treatment claims. Getting the streets attention. This company appeared virtually out of nowhere. Progress to likes of regeneron, becton dickinson, benefiting from the 1. 6 billion u. S. Government commitment. You have makings of something down the pike that could treat the virus, maybe as soon as the end of this year, in the case of some of these phase 3 advanced trials, maybe as soon as the fall of this year. But being coast to coast were all over the place on all these other developments including out in california where they are extending shutdown provisions now expanding to include virtually all businesses, indoor dining, barbershops, salons, tattoo parlors, you name it. Also focusing on whats going on in florida right now a big spike in cases but as stuart was just telling you some confusion about how many of those cases are indeed positive. Weve got the the latest going on in texas, where the spike in cases is so severe theyre looking at crowded hospital beds. Ree
Worker training. What is the best way for americans to help themselves cruise lines say theyre the safest place to travel while on the pandemic but is it the safest place for your cash . All that and more on making money. Charles folks, markets moving gingerly but positive this after a highpowered rally spun out of control yesterday t was led by tesla which by the way is in the midst of one of the greatest runs in the market and helping nasdaq up eight out of 11 weeks. Since may 1st, the index as of friday was up 23 this week, riding the coattails of musk and tesla. Finally tesla was moving a little too fast yesterday t spun out out of control. It triggered selling of hot stocks. That coupled with the news of california shutting down businesses everything sort of spun out of control. Along the Way Investors shocked by junes budget deficit, 861 billion in one month. On that note, higher cpi reading prescient for todays trading maybe the fed may be more accommodative. There is a lot goin