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Set to expire august the first. A new report from working partnerships usa and the Law Foundation of Silicon Valley predicts a looming crisis when that happens. We predict and eviction time bomb of 43,000 evictions which is 16 times the normal rate we see in a typical year. Reporter this, in Silicon Valley where rents are among the highest in the nation and when the moratoriums and tenants will be asked to pay back rent too. Most of these low income tenants that have been unable, they have been unable to pay rent, they are going to struggle immensely to pay hundreds of dollars additional each month to be able to pay the back rent. Reporter the nonprofits say there needs to be action to extend the moratorium and to provide Legal Assistance and to get congress to ac ....
Years. And lots to come on the show. Two big ceo interviews on the back of earnings in a few minutes well speck to the owner of Outback Steakhouse blooking brands and later the ceo of boston beer will join us that stock surging after the truly hard seltzer brand helped boost sales. Looking forward to both of those interviews were down. 6 lets get to the big stories were watching meg tirell has more on the signing. And mike san totoli is joining s meg, let aers start with youen that executive order news. Hi. Drug pricing hasnt been in the conversation as much this year as the drug industry has been racing to develop vaccines and drugs for covid19 but the president reportedly planning to sign an executive order with a few different aspects on drug price this is afternoon. One could be allowing importation of drugs from canada where theyre price moored cheaply. Another could focus on tying prices to basket of prices from other we ....
Koreas foreign minister says hess country has the right to shoot down strategic u. S. Bombers even if theyre not in north korean air spas. Stocks dropped sharply. The major indexes did recover some of those. The Dow Jones Industrial averag dropped 53 points to 22,296. The nasdaq was off 56, and the s p 500 was down five. Well, north korea got a lot of investor attention, so did something else. Bob pisani explains. Tensions are on the rise once again after a war of words between President Donald Trump and north Korean Leader kim jongun escalated today. North koreas foreign minister said trump has effectively declared war on the rogue nation, and that north korea now, quote, has every right to take countermeasures, including the right to shoot down u. S. Bombers even if theyre not in north korean airspace. Wev ....
Morning for sara eisen i cant believe its almost the end of september how did that happen . I thought you were going to say the end of the week. The end of september. The 26th today i think of the year in quarters nonfinancial friends are like youre such a freak. Were such nerds. I like the end of a quarter brings Bank Earnings whole new slew of stats you get the end of the fall, which is hot at the moment, and christmas. So bring on q4 lets check in on the Global Market picture futures at this hour coming off the back of the day, slight declines for the dow and s p a big decline for the nasdaq it was a tech selloff yesterday when the s p the tech sector was down 2 . The nasdaq was down nearly 1 . Facebook the big decliner, down 4. 5 well come to that more later. Today, expect it to bounce back a bit, a point or two for the s p. 27 points for the dow, nasdaq higher by 7. 5. Ten ....
Part of a key index. You see ftse is up there, attracting index of half a percent. Well have details. It sounds like baseball but i will have an impact on the market. Plus, new details on drama between two of the highest paid ceos. That would be viacom and cbs. Howard schultz says starbucks could be joining the rain, of cooled beer. Well hear from him. We ask Howard Schultz about that. We start with the big day in china. How they could get a nice pop after the close of trading today. Welcome back, bob pisani, hi. I wanted to stay in hawaii, but i came back because of you two. I want you to know that. Thats why i came back. Look. We may not get a pop in prices. Its the biggest indexer. Right now theyre behind the indices. So msci is in the process of putting all of the u. S. Listed chinese stocks in their indices. This is a big deal because china is becoming a part of the worlds economy. The second half is happening tomorrow. So to ....