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I will fight these injustices with every ounce of my strength and my spirit. If im charged, i know im innocent. That was new York City mayor Eric Adams taking a defiant tone in the wake of a federal indictment. Well break down the timeline of events leading up to this moment, what the sealed indictment reportedly includes, and what could come next for the firstterm mayor. Plus, Vice President Kamala Harris and Donald Trump each at the Campaign Trail in key Battleground States offering competing visions for the economy. And just hours from now, ukrainian president Volodymyr Zelenskyy will meet with President Biden at the White House as zelenskyy seeks aid in ukraines fight against russia. Well go over what to expect. Good Morning And Welcome to Way Too Early on this thursday, september 26th. Im jonathan lemire. Thanks for starting your day with us, and we have a jampacked show ....
Mnuchin and says there is no agreement yet, and Majority Leader Mitch Mcconnell saying republicans and democrats still far apart, and even if both sides come to an agreement, it could be too little, too late. There has been no financial bridge to help a lot of individual americans, families withstand the recession. We are seeing a lot of bluechip release alike disney warning sign, telegraphing job cuts. The question is, if we dont get some sort of government stimulus, whether this could actually accelerate. Joe thats the big story. Duringdisney yesterday our show, more news coming out on layoffs just now. It does feel like some of the bigger corporate announcements are gathering steam a little bit. Europe, continental, shell. These are not furloughs the way that some of the layoffs were earlier in the year. These are deeper, permanent, more restructuring as the new environment starts to become clearer. Romaine dis ....
Losers. As york city has a curfew they are poised to reopen after months of flock down due to the covid19 pandemic. Meantime, the markets ending the day up, somehow disconnected from all of this chaos. I want to bring in our markets reporter, abigail doolittle. On top of this, u. S. China tensions flaring up. Why do investors seem unconcerned . It is puzzling, especially with the degree of unrest in the u. S. It kind of is offensive in a way that you see stocks climbing higher. Today, almost a giddy feeling to the session. That kindhat you have of trading action, it does not seem to make sense but, again, it tells you that investors are looking past these unfortunate, sad, surreal events and making the assessment that it is unlikely to affect the economy on a longerterm basis. We have Something Else going on beyond the weak dollar. We have had a move over the past few weeks into cyclical stocks, recovery stocks out of the stayatho ....
Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new ....