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Encouraging news in the development of two experimental vaccines for covid19. Both hitting important milestones. And delivering conflict. As we rely even more on delivery apps like grubhub and doordash, what was once a love affair is now a war with restaurants and the cities they serve. Well go inside the booming business that some call a financial bust. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. We cant stay locked down for such a considerable period of time that you might do irreparable damage and have unintended consequences. Reporter this memorial day weekend will look very different, and officials want it that way. New restrictions at beaches and restaurants are in place with the hopes of preventing the additional spread of the coronavirus. Were not bothering anybody else. Were not going to be around anybody else. Its just us. Reporter President Trump declared places of worship e ....
Larry fink talking about the fed and the markets yesterday. The Federal Reserve is actually causing more disorientation in the marketplace, because theyre purchasing more than is being created by the treasury. And so i think they should get it over with, move on. I dont think it will be disruptive to the marketplace. Since they started talking about tapering, rates are down 75 basis points. That tells me they have not been aggressive enough. Thats very interesting. Beyond the minutes well be speaking to the fed, well be hear something other things this afternoon as joe mention. We do have new york fed president bill dudley. Thats coming up at 10 00 eastern time. Later this morning, janet yellen will deliver the ny kruu commencement address at yankee stadium. Stanley fischers nomination to be vice chairman of the fed has cleared a key procedural hurdle. Fischer is widely expected to win confirmation. Andrew. News this morning abou ....
So very surprising to see the turnaround this morning. Maybe it is offset by some companies that we hear from. Heres a story we have been following all day. You get fired from your job in just over a yearandahalf and leave with a severance package worth nearly 60 million. Ill take it. Sorry, just didnt work out, but here is a nice parting gift for you. It actually wa lly with one yah executive . Whats that say about the ceo marissa myer . Well have that story. It was on this date 25 years ago cnbc launched to the world. Well have vintage clips and talk to the man who ran cnbc back then, bob wright, who was the first person ever seen on this network. Stay with us for a very special two hours. Bill, i am so happy and privileged to be anchoring with you on this day. Well tell that story later. Yes, we will. The markets right now, the Dow Jones Industrial average and all major averages are in positive territory right now. Oh i s ....
Open ahead of the fed even after turkeys surprise Interest Rate hike did help to stem some concerns related to emerging markets. Boeing, jetblue, dow chemical and at t beat expectations well break them down. But yahoo shares under pressure this morning after reporting a drop in revenue for a fourth consecutive quarter due to a decline in display ad prices. A day after the dow snapped a fivesession losing streak futures are lower, investors turning their attention toward Ben Bernankes final policy meeting, the central bank expected to further pare back stimulus, but turkey, jim, at least for the open will be the story. And for a while there the turkish lira was up 3 and it looked like they impressed the market. 22 years ago we went through the cycle but thats too long for most people. They tried to stem the capital decline, i saw it last night, they forgot what happened to their ....
Greta goes on the record right now. Tonight, on the record, election news and all your news right here liberal university cod ling called ling cod caddelling your kids. Fox news tracking dangerous and dangerous storm. Plus, are you getting iced out . Trophy brewing, really brewing at starbucks over too much ice and too little coffee and tea. While im out it, whatever happened to small, medium, and large . The on the record legal Panel Investigating this bizarre lawsuit. Donald trump says the rules are rigged. Tonight on the eve of indiana is he laying out
blame. Look out. Right now, the videoed you will be talking about tonight and still tomorrow. Maybe all the way to the convention. Cameras rolling senator ted cruz gets into a heated dispute with a donald trump supporter regardless of who you are voting for. We can all agree all the candidates deserve a chance to be heard. This confrontation it went off the rails. Have any w ....