I want to take you live right now to the ups airport hub in atlanta, georgia, where you can see the crowds forming. At any moment, President Trump is expected to announce a new policy that he says will expedite and modernize the approval process for major Infrastructure Projects across the united states. Projects that often take years to complete, they take so long sometimes, Companies Just abandon their effort. We are going to take you straight to atlanta as soon as the president makes what could be a marketmoving remark. The bulls are still humming but they were singing at the top of their lungs earlier in the session. Dow jones industrials had spiked 428 points. Its up 129 right now. In the Early Morning move, there was very encouraging news out of moderna. Modernas experimental Covid Vaccine produced virusfighting antibodies but investors appear right now to say you know what, we still want the buy stocks but they see the rally as an opportunity maybe for a little sector rotation o
And clean energy investment. Then almost simultaneously, President Trump is about to sign an executive order to promote hispanic prosperity. We are monitoring both events. We will take you to the rose garden for President Trumps event and we will see whether he addresses todays Dramatic Supreme Court ruling that could allow state district attorneys to access his tax records. That ruling does have a distinct connection to Business News and stocks. Take a look at the dow intraday. It tumbled to session lows just after 10 00 a. M. Eastern, immediately after the Supreme Court justices rejected the president s claim of immunity in a new york state criminal investigation. Congress cannot look at the tax filings, but it does appear that there can be now subpoenas on state efforts. The dow, though, now is down 285 points. The s p lower by 10. The nasdaq, any gain today, folks, means a second straight close. We are well above any gain. We are up 67 points. Now, paired with firsttime jobless cla
Could be a fullcourt press at least on the administrations part working through the coronavirus folks saying look, the worst of this could be behind us. That is one of the reasons why the president has been stipulating, he thinks all kids in this country should go back to school in the fall. That has earned him the wrath of Governor Andrew Cuomo who is also addressing reporters right now saying what about the kids, are you thinking of the welfare of the kids . The back and forth goes on and on. Speaking of governor cuomo, sometimes around august 1st, august 7th, he will have a financial decision on status of schools, whether they reopen in the empire state or do it on a tiered basis. Some do, some dont. Could add likely to parents confusion to all of this. Edward lawrence is monitoring all of these developments. Edward, what do you have right now . Reporter neil, the Coronavirus Task force is still briefing at this hour. In fact right now. What the vice has come out and said he is enco
Administered to the dying president and describes the effort of the doctors. Our speaker tonight is very experienced. Rather new on the lecture circuit. But he has experience to speak from. He has been a practicing physician on Infectious Diseases for 37 years. He practiced in california before coming to d. C. Where he has been active speaking for the National Museum of civil war medicine. He frequently lectures civil war groups. We are thankful to have him speak to us tonight. Hes a member of the board of directors of the society of civil war surgeons and public concerning, he is what we call a switch hitter he does reenacting as a physician in the civil war for confederate and union soldiers. We are happy to have you anyway, jon. Please welcome to the podium, dr. Jon willen. [applause] dr. Willen ok. Thats better. Normally, when i give talks, i think the organizers for inviting me. In this case, being the chairman of this group, i have to thank myself. We will dispense with that. As
Well, i was all alone until you guys showed up were going to start off with the markets. Volatility heating up. Weve seen a big rebound in stocks this morning, though the yield curve is sending its strongest signal yet to the markets of recession inverlt verting to the worst levels since 2007 here is ubs Global Wealth management head of trading strategies ian, the move in bond yields, at this point whats driving it because some of the fundamental data later, Consumer Confidence yesterday has been a little better and yet we continue to see these new lows on treasury yields. Frankly there seems to be a race to zero in the global sovereign debt market, whether its driven by the fed or the ecb or whats going on in japan. The fact of the matter is u. S. Treasuries yielding even now north of 2 end up being a huge buying opportunity, and thats what we saw in the long bond, and thats why theres been this consistent bid for ten and 30year yields at this range. And thats why the president is so