Americans should vote twice. Absentees are fine. Well get to your 7 30 headlines. You go to vote there is new concern this if they havent counted it, you happen again can vote you know, sometimes, we just roll these numbers off of our tongue, and we really dont think about it thats the way i view it. But 186,000 people have now died the backlash immediate. The president s attorney general of the coronavirus thats approaching the population of huntsville, morning among Health Experts that the Holiday Weekend could attempting to defend him lead to another spike in it seems to me, what hes saying is, hes trying to make coronavirus cases. The u. S. Saw a jump in cases after memorial day and the the point that the ability to fourth of july. Big crowds at beaches and pool parties likely contributing to monitor this system is not good. This morning, both the president and his rival, joe biden, focusing on key battleground states, with just two months to go until election the spike. The u. S.
They said absolutely not. Reporter there was some positive news from the labor department. Fridays jobs report beat expectations. Nearly 1. 8 million jobs added last month. The Unemployment Rate dropped to 10. 2 . But the data shows that millions of americans who lost their jobs at the beginning of the pandemic are still unemployed. The 600 supplemental federal unemployment benefit expired july 31st. That extra 600 has been a lifeline to us to keep the roof over our heads, keep food on the table. Reporter the paycheck protection program, or ppp, which has helped Small Businesses meet their payroll expires today. Its really Small Businesses that need the support and that really contribute so much to the places where theyre located. When we lose Small Businesses, we really lose a lot more than just that one business. Reporter some economists predict that if those businesses do not receive another round of support, more americans will lose their jobs in the coming months. David wright, ab
Nasdaq is going for its second day in a row josh, we got within a point. Same narrative here. What now we figure were going to hit new high for the s p those stocks are really all you need to get it done like a nominal new high its been 122 days since the last time the s p 500 had an all time closing high. If you think about the media number of days between making those closing new all time highs its about 90 from one year to the next i guess i would say this is pretty average year all Things Considered i would not be surprised to see an all time record close for the s p very soon. What you need to get there is all working. One other thing i would grow into the mix is put to call ratios have collapsed. Its a historic collapse i think its indicative of sentiment out there. People are just no longer afraid of a resurgence in the virus or a spate of negative headlines that will send this lower. The evidence of that is if you look at a 50day moving average you have to go back 15 years to f
Congress, signing four executive orders, providing some relief for millions of americans struggling during the coronavirus pandemic. Im taking action to provide an additional or an extra 400 per week in expanded benefits. 400. Okay. Talks between the Trump Administration and the democratic leadership on a new covid19 relief bill collapsed friday. It was a disappointing meeting. We did not make any progress today. Reporter democrats say they offered to meet republicans halfway on a 2 trillion stimulus package. I offered to them, well take down a trillion if you add a trillion in. They said, absolutely not. Reporter there was some positive news from the labor department. Fridays job reports beat expectations. Nearly 1. 8 million jobs added last month. The Unemployment Rate dropped to 10. 2 . The data showed erthat l their at the beginning of the pandemic are still unemployed. The 600 unemployment benefit expired july 31st. That extra 600 has been a lifeline to us to keep the roof over ou
Good morning to you wherever you are. Im Frank Holland in for Brian Sullivan lets get right to the markets and take a look at the stock futures this morning its been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid19 but the nasdaq, its run keeps on going. Leading to another new record high its 26 for the year on pace for the third weekly gain in three weeks. Now to the global markets. Karen tso. Shes in our london newsroom with more on that. Good morning. It has been a weak finish for those asian markets today. Negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. And the rest of the markets to be very much focused on the bull run for the Chinese Market take a look at this. A lot of investors piling into chinese stocks this week and that has taken them to the highest level in