See, there are about a dozen weeks each year when were in the heart of earnings season and the wall street analysts become powerful enough to control the action this is one of those times they have an outside ability right now to move stocks particularly tech stocks. Today because of chatter about a possible break in the trade log jam with china and britain and iran didnt seem to go to war with the tak nker, the bulls pushed stocks higher its important to know how this works. Behind the scenes im opening the curtain to give you solid examples how the an lists are able to move some stocks and therefore the entire market. Its beens toed back and forth since it peaked at 64 and change for pulling back to 28 bottomed in december when micron reported, they made positive noises enough to send the stock into the stratosphere and Goldman Sachs decided to call the bottom in the chips and the stock had yet still one more leg higher as the buyers went nuts for it. And thats how it could rally ano
Surges from a Tropical Storm which is making its way up the east coast. Let us begin, though, on capitol hill, where millions are looking to lawmakers to help for a desperately needed lifeline. Right now, treasury secretary Steve Mnuchin and white house chief of staff mark meadows are meeting with Chuck Schumer and nancy pelosi. Over the past week, their talks have not been productive, but is that going to change today . And how much leverage do democrats have now that gop leadership cant even come up with a consensus between its ranks and the white house . Especially as President Trump threatens to take matters into his own hands. Joining me now is nbc news capitol hill correspondent kasie hunt and nbc news digital senior White House Reporter shannon pettypiece. Shannon, i want to start with you. The president is talking about some sort of relief through executive order. What sort of power does he have . Can he hand out money to americans . Congress is usually the one tasked with that
Among republicans to do so. What will that mean for november when millions of americans will cast their ballots by mail . For its part, the white house wants to reframe the entire conversation around the president s assault on the usps and mailin voting, going so far as to allege that any suggestion that President Trump is trying to undermine the election a borderline conspiracy theory. But the evidence suggests otherwise. More on that in a moment. This as democrats pepair to make history tonight. Well hear from senator Kamala Harris as she becomes the first woman of color to accept a major partys nomination for Vice President. Let us begin, though, in wilmington, and the big third night for the democrats. Expect to focus on historymaking moments this evening. Again, harris will be the final speaker, as she accepts her partys nomination. Before her, though, were going to hear from americas first black president and the first female president ial nominee of a major party. Barack obama a
Melber. You can see the reporters assembled there. Alarming numbers on covid19 and Florida Health department meanwhile now has announced over 100,000 confirmed cases of the virus in that state alone. In geneva, the w. H. O. s chief is saying that the Health Emergency programs there have been addressing an uptick in parts of the u. S. What is clear is that the increase is not entirely explained through just increased testing. There is some evidence of increased in hospitalizations. This also comes while senators schumer and murray claim President Trump is sitting on 14 billion in Virus Testing and tracing fund. The president , meanwhile, is clashing with former National Security adviser john bolton who commented on whether he would speak to house investigators now. Democrats subpoena you, will you testify . Lets see what they decide to do. Lets see. Well, lets go to washington. Were just learning that the white house is no longer conducting the mandatory Temperature Checks for journalis
Not just with protests, either. In the last few hours, Justin Trudeau says hes proposing body cams for police throughout his country and frances top security official says police there will no longer use or be instructed on choke holds that have been blamed for multiple deaths in police custody. There and here, protests continue today as they did over the weekend, with many of the protestors saying this cause is just too important to stay home. Even with the coronavirus pandemic still raging and cases still increasing in many states. Today at the epicenter of the pandemic, new york, Health Officials said the massive protests have not at least as of now, caused a spike in cases as the city begins phase one of its reopening process today. Just last hour, Governor Cuomo suggested the city is ready with cases and deaths dropping statewide and urge ing protesto to get tested. As those protests continue, President Trump spent his morning tweeting about law and order and tweeting about polls