It is the 32nd time this year the nasdaq has set a record close again. This morning, we are looking at a negative picture this morning, you are looking at red ar owes. S p indicated down by about 16 points everybody is waiting to see. At least right now, 10year looks like it is narrowing to 2. 5 jobs friday today. Forecasters will expect payroll to climb 1. 48 million after june gains shattered expectations a huge number this time around unemployment is expected to drop 10. 6 from 11. 1 from june well take you through 8 30 a. M. When those numbers actually hit. News breaking this morning for those of us in new york city who woke up and thought what just happened. Con edison investigating widespread outages. As an upper westsider, no power there. You lost power . A true black out. We are in 2020, what could go wrong . I looked around and thought, it is so dark what is going on is the nasdaq going to have power. What am i going to do . Here we are middown. You left connecticut to come to
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
Record levels were hearing 47 Million People could lose their jobs, 32 unemployment stocks will soon collapse under their own weight according to morgan stanley, we could be looking at a 25 contraction in our Gross Domestic Product my money manager friends were all glued to their machines sunday why, of course, like every sunday night they expected the futures to be down the limit so how the heck could the market rally today . I mean, dow gaining 691 points, s p climbing 3. 35 nasdaq pulling 3. 62 simple because American Science is at last in play science that may allow us to not only contain this virus, but actually one day beat the darn thing. Look, i in no means want to disparage the extraordinary efforts to get the pandemic under control. Its absolutely essential. Thats why ive been calling for national lockdown, as much as it rankles some we have people gallavanting around like nothing is wrong new york city is a travesty. The new york mayor waited too long and were paying for it
They host a forum today on federal investments on innovation and science. Newt gingrich and Business Specialist along with academic researchers will be talking about the issues our live coverage just about to get underway on cspan3. As we wait for senator warren, well bring you a story from the Associated Press regarding the Iran Nuclear Deal president obama traveling in ethiopia, and the ap reporting he delivered a belittling rebuke of Republican White House hopefuls monday calling their attack on his landmark nuclear deal ridiculous, if it werent so sad. Obama suggested the rhetoric from some gop candidates was an attempt to divert attention from donald trump. A wealthy businessman whose popularity is con founding the republican field. Maybe quoting, maybe it gets attention, maybe this is just an effort to push mr. Trump out of the headlines, its not the kind of leadership that is needed for america right now. The associate press quoting president obama during a News Conference in et
Looking at how do i put encryption and make it so no one can mess with the device other things that might have impact on People Living there. First off we noticed to make sure the government doesnt weaken encryption. Second of all we need to continue to see the growth in the kinds of research around encryption that is in some cases supported by the government. Anyone else . I share his comments. Also going back to the garage door opener. When that was introduced it was primitive, it was a fun thing to do to drive around the neighborhood and open up other peoples garage doors or similarly other peoples telephones. By todays standards it was relatively primitive even though novel then. As weve gotten more sophisticated, memory chips have grown, theres solutions and we dont hear about those problems anymore. It hasnt been an issue. Thank you. The reality is significant investment is made in innovating around privacy and security because its the right thing to do and consumers are demandin