Zimbabwes president defends the crackdown on protests against his government will be live in her. And in sports the l. A. Lakers have secured top spot in the n. B. A. s western conference for the 1st time in a decade but bron james his Team Clinching the number one seed with the win also did you. See. We begin this news hour with the continuing battle against the coronavirus countries around the globe are grappling with the surgeon cases the u. S. Remains the worlds epi center with at least 155000 people dead and of a 4700000 people infected and despite the ads President Donald Trump is insisting that schools reopen a call he once again made on twitter on tuesday but that push has attracted a lot of criticism teachers marched through new york on monday they are angry at a plan for mayor bill de blasio to open schools even with restrictions. Well democratic president ial hopeful joe biden has tweeted attacking trumps handling of the pandemic he said that at the beginning of july donald
Slowing economy. Joining us for the hour, stephanie link great to have you. What do you make of this market right now . I have fatigue over trade i really do. Its impossible every day it changes. So im trying to ignore it and focus on fundamentals. Today i thought we got some good data on the economy. The philly fed better than expected vince were better than expected meaning he they went own maybe were bottoming. Lets see the flash pmis tomorrow existing home sales up 5 yearoveryear good consumer, lets talk retail earnings have been very good Minus Department stores and some one office. I think that bodes very well for the consumer fatigue over trade but excitement over m and a. Very much so. Im still excited by trade. Im more excited about bristolmyers closed earlier than expected. Thats a great story for 2020. So theres a lot underneath the surface to this market of whats going on and thats what im trying to focus on versus trade. Lets get straight to that big story, the potential c
It is always a guessing game but this time around, the rules have changed companies will beat or miss their forecast now we are guessing how much money those companies will return to you. Sure, there are going to be disappointments. But less frequent. It is this delicious backdrop t that prevents the market from cratering despite these fears. Dow inching up 54 points nasdaq gaining we had a nice uturn from intraday lows. Speaking of a government shutdown, when we have one of these mickey mouse shutdowns, it isnt that meaningful for the stock market itself. It means a lot to the people who need government assistance, and it is shameful, they may not get it for most businesses, it is not a big deal people panic on news like this and that is the opportunity. When washington turns out the lights it gives you a chance to buy stocks lower prices than where it deserves to be trading. It causes delays from when the irs sends tax rebates. Again, another buying opportunity. Home depot, amazon, c
Called recall. Shares remained suspended in tokyo. A change at nestle, dan loeb once more urgency as its fund builds up its stake in the global food giant. Bailout, mored imf loans as mongolia begins to vote for a new president. Thing whichther dominated the trading week, oil falling into a bear market, falling from the peak in february, down 20 . I want to bring this chart up, 355 i was going to bring it up, but we will not. It shows the oil price and its relationship with gold, should be a bit cautious out there. We will discuss that in the course of the program. Lets get over to shery ahn. We should be seeing markets in malaysia and singapore open, but they are on holidays with india, indonesia, and philippines. This session looks positive, the regional benchmark gaining with australia leading gains. Do keep an eye on commodities. We are hearing competition over rios coal assets intensifies, it could be upping its bid to match glencore. When it comes to commodities, keep an eye on c
Vicki we first told you about this app. We sent a push alert. At 7 44 this morning. Make sure you download the get the latest breaking news. Its free for iphone and android devices. This just in to the kron 4 newsroom. Vicki and on the impulse of says a woman was walking her dog when a man pulled up in a car and reveal themselves in decently. She was able to get a picture of his car as he drove away. It all happened wednesday, around noon near list rolled approaching or get expressways. Investigators are not releasing this sketch of the suspect. Hoping someone would have information on the suspect and the car to give the police a call. Grant more breaking the rules following tonight we are following tonight this time out of the north bay. Napa police are investigating the death of an eight month old boy at a Day Care Center around 3 00 today. Police were called to the area of oxford and will street for an unresponsive and unconscious and that. At a licensed family day care home. The in