The blazes ravaged through oregon washington and california. And bahrain remain to become the latest arab state to normalize relations with israel. Story. 2 Peace Agreements with real. Peace agreements weve announced months. After brokering a deal between israel and the United Arab Emirates trump announces a deal with bahrain and says it believes many more arab states will follow suit. Im told me a lot of welcome to the Program Hundreds of migrants on the greek island of lesbos have protested demanding to be. This is 4 days after a massive fire destroyed the morea migrant camp leaving more than 12000 desperate people homeless the greek government is scrambling to build new temporary accommodation and says the camp will be rebuilt until the Officials Say most of the residents will have to stay on the island. In the afternoon they hit the streets the former residents of moria and now homeless and angry they wont accept camp life again. Theyre now building a new camp behind the supermarke
You know, of three straight weeks in the red this time its not tech thats leading the sell off you have materials, industrials and Energy Taking the market lower at this hour plus, still front and center for both washington and wall street is that tiktok melo drama. Will the chinese give it its stamp of approval. Power lunch starts right now lets go to bob for a look at whats happening and why. Bob. This did not start today. It started earlier in the month. It Gains Momentum in the last four days. Theres some very good reasons why. This didnt come out of nowhere. Lets review why the markets are down concerns in the uk about potential new lockdowns. There are increased trade tensions with china. Concerns have increased. Concerns about over value tech stocks that hasnt gone away. I think were seeing a bit of rising anxiety around the election this is not a mystery about whats going on. What you want to look at as tyler mentioned is whats selling off today. If youll notice cyclical stocks
The virus lots of social distancing not enough social responsibility tonights most of us hope for a vaccine some of us still refuse to wear a face mask im pretty goth in berlin this is the day. And the coffee mind them even as late then to do worlds for the genes for me no time to test strategy and regulations and meat clone team mills will apply soul to man winter we have in a packed sense literally turned into a corner is this is not again were facing a 2nd place doing nothing in the face all played back at space now its no up to i dont answer you can see that our actions character 3 has made or should get the virus and the control. Also coming up news of her death was not even 24 hours old when us President Trump and the most powerful u. S. Senator Mitch Mcconnell began plans to replace the death of Supreme Court Justice Ruth Bader ginsburg r b g and the birth of yet another american political showdown. And to Mitch Mcconnell we need to tell him that he is playing with fire we need
Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a backstop from the troo z treasury hell be speaking tomorrow before the house financial Services Committee with treasury secretary Steve Mnuchin and this is required testimony about the cares act where they have to quarterly appear before congress and discuss progress with the lending programs. The terminology, highly uncertain, is that different from what the clair has used in the past. This is t
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