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It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washing ....
The president cant do that. On top of that you have a null gdp report that everyone envisioned. Claims are stubbornly high. That is weighing on investors right now. Spiking case, worldwide whackamole, no sooner control in one country than pops up in another. Germany, the posterchild how you handle a virus is reporting spikes in cases as well. Doesnt seem to be matter if youre welldisciplined on this, it is still a major concern. Right now cases are popping up and deaths increasing at the rate of one every minute across the globe. So well be following all of that. Also following a lot of developments on capitol hill. True to our name, coast to coast. Were watching in washington, d. C. , scramblings and moving as fast as we can getting a stimulus going, as far as dollar amounts. Republican plan. A trillion dollars, still generous but not as generous as the democrats 3 trillion out of the house. Well monitor. That well monitor what is going on in portland and also what happened in United States , Fort Lawton , New Jersey , Town Hall , Marcia Blackburn , Nancy Pelosi , Joe Biden , Jackie Deangelis , Bob Dole , Herman Kaine , Brendan Carr , Portland William , George Washington , Google Youtube , Mars Neil , Chris Rivera , Herman Cain , Bell Lauren , Edward Lawrence , Grady Trimble , Anita Vogel , John Mccain , Hillary Clinton , Kamala Harris , Cape Canaveral , First Time ,
Districts that dont open schools. Well get reaction from mattie duppler. What about the another stimulus package . Where is the urgency . I will a a an bgs all that and so muchuc more morn akinmymomo. Wheelelelel are areni tng t s y nglihikenk tinhig,nking,ing, tnh iths wh iats ywhouat y couan. Snststste a of knowns and a lot of unknownnk to to consider at this men put into perspective. Rtic alert bear case, 20 decline from where we right now. S p, maybe to 2500. Base case, the s p earnings improve to the end of the year, maybe slightly higher than where we are. There is the bull case. 3500 in the s p. I want to bring in two women that really know. Experts. Market chief strategist, Kathleen Rooney vera. We have Francis Newton stacy. You know i love you guys. When i bring you on, that is six names that i have to contend with. Let me, start with you, francis, of these three po ....
Democrats attacking a tbar that the Obama Administration did spy on the trump team and that he is getting to the bottom of the abuses of power under the Obama Administration and the trump pressure probe in the Michael Flynn problem, we have doug collins with us on that and he is on house judiciary, he was there today. Former whitewater independent counsel, robert ray and sain u. S. Attorney is on probing and the railroading of Michael Flynn, also with usge today, blk voices for trump advisory inru cincinnati mayor, he is also saying this is an organized assault on government and a on civilians, the rights that are going on, at least 18 People Killed in riot since they began. Also on this, another top d ....
Armor. While in new york city mayor bill de blasio paints yet another black lives matter mural as ten more new yorkers are shot in just the last two days, and we have the videotape of antipolice protests converging outside the nypd commissioners home on the upper east side, blaring sirens, blowing whistles, flashing lights, two a. M. In the morning. Bernie care act, former nypd commissioner on that, and the former California RepublicanParty Chairman on an experiment by cbs showing just how likely it is for mailin ballots to reach their destinations in time. The results are alarming. Also tonight kt mcfarland, former Trump Deputy National security adviser, on an Appeals Court reconsidering the Michael F ....