Five, probably four. Looking at five very seriously. I will make a decision on either friday or saturday. Charles President Trump announcing his plans to replace Ruth Bader Ginsburg on the Supreme Court, pushing for a vote before election day. Can it happen, should it happen and what happens when it happens . We tapped the best legal minds at fox news for the answers. All that and so much more on making money. Charles so, folks markets opened under very big pressure this morning continuing to move lower as investors are grappling really with a confluence of concerns including washington, d. C. , turmoil, exacerbated by the untimely and tragic death of Justice Ginsburg. A lack of fiscal aid package, great he contested election and covid19 spikes in europe causing concern here in the United States. We have jack ablin and michael lee strategies, michael lee. Michael, i want to get your assessment on the selling that were seeing. Maybe it is found a sort of intraday bottom. Certainly some
Well take you there live as soon as we can. That much and more on making money. Charles so it was a major beat on the labor front on all parts of, right . Initial jobless claims declined 1. 2 million. Down 249,000 in one week. Well below consensus. Wall street was looking for 1. 4 million. Continuing claims declined to 16. 1 million. Down 844,000. Pandemic employment assistance swooned to 655,000. It was above 900,000 a week ago. Yesterdays adp number, tally of jobs created, 4. 3 million. Initially they thought it was 2. 4 million. All of this dovetails with better data on the economy and service economy. I know it sounds nuts. It against conventional wisdom of all talking heads but i think the v is getting stronger so am i nuts . Lets ask Keith Fitzgerald of the Keith Fitzgerald group, jack ablin and walser Wealth Management president , rebecca walser. Rebecca, am i nuts . All im looking at the data and it is getting stronger no stopping engine newt of the american machine and Economi
Employees. Bank of america and Morgan Stanley among big banks reporting. Dow component Johnson Johnson right here. Futures in the red. We are standing by for retail sales and jobless claims this morning at 8 30 a. M. Eastern. Stocks edging higher, Investor Sentiment over covid19 vaccine pushing markets into the green. The dow industrials up 227 points, nasdaq up 62 and s p up 29. The state of travel today airlines in the midst of a sharp downturn as pandemic fears keep travelers grounded at 7 30 a. M. Eastern ill be joined by ceo of delta edward bastian. Plus this, drink up, how moderate Alcohol Consumption can protect against cognitive decline. Mornings with maria is live right now. Maria european markets on the decline. Standing by for the ecb decision for the next hour, rates are expected to stay unchanged. Ftse 100 is down 36 points, new data this morning from the uk shows half a million workers were furloughed in the month of may. Thats in response to the pandemic shutdown. This m
Businesses. Kristin tate says nobody should be ashamed to get money from the government. The small banker that funded 100,000 Small Business loans out of one bank location. President trump is set to meet with officials on opening schools. It could makeorbreak our economy, this recovery but how would it work . Who really thinks kids will wear masks . I will ask dr. Nicole saphier. All that and much more on making money. Charles all right, so, heres the tally, folks. 521 billion dished out via that Paycheck Protection Program but not without controversy. Now the stats according to the Government Support 5million jobs. We know in that case it was successful there is a huge uproar a hot rich and powerful got a lot of cash. Businesses linked to lawmakers, caucuses, a whole lot of others. Billionaires, they got a piece of the action. You might have heard by now even rapper kanye west, his Company Secured five million bubbs. The shame game is on has everyone pointing fingers. Here to discuss,
Headline, governor bailey with a negative two year yield. Francine there will be no money for my kid because as soon as i can, i will be spending it on childcare. I asked him whether negative rates was something he would consider. The change in tone between him and his predecessor is stark. Governor carney always saying absolutely not negative rates for this country. Andrew bailey who has been in charge for about two months, kept the door opened, saying probably not now but because of the severity of what we are facing he will not rule anything out. There is a change in tone on what they can and cannot do. Seeinge changes we are from tuesday into this wednesday, chairman powell with adam posen and the Pearson Institute at the Virtual Conference today, that will galvanize global wall street. Jack ablin here with us in a moment. Here is ritika gupta. Ritika we are waiting to see if Jerome Powell gives anything up about what he will do next. He may call for congress to do more to combat t