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Headlines hit on the coronavirus. New york city is halting all inperson learning starting tomorrow it comes as the number of coronavirus cases and hospitalizations are skyrocketing nationwide. And a new all time high for s p. We have a Record Number of cases of covid in america and retailers are hitting an all time high. How can this be . The haves and havenots kudos to karen and tim target numbers were extraordinary. It should come as no surprise. Thats a name we have talked about. If you love walmart at their valuation, you have to love target at theirs walmart quarter i thought was very good. There are a lot of good individual stories, but i dont think it speaks to the economy per se there are names we also mention that seem to be topping out. The price action in restoration hardware, William Sonoma and we dont need to go down the road of what they sell. Those stocks popped ....
Up to the top of lafayette park, but really it is a nation that awaits the next step from the president. He was out tweeting in the vicinity of 12 00 midnight on general powell. We will talk about that today. It was an eventful weekend and it continues right into this monday. Francine thank you, tom. We will have more on that and now we will get straight to first word news in new york city with ritika gupta. Ritika the u. S. City hit the hardest by coronavirus starts to reopen today. New york city will allow construction and manufacturing at wholesale trade to start operating again. Rios Retail Stores can offer instore pickup. If all goes well, new york and reexpand the can expand the reopening in two weeks. Theggressive proposal from minneapolis city council. Majority of its members say they do this they support disbanding the city police department. That comes as the state launched an investigation following the death of george f ....
That is growing. The nasdaq was up 110 and s p up 38 points, one and three quarters percent higher across the board. George floyd will be layed to rest today in houston, this as calls to defund even disband Police Departments across the world intensify. President trump, though, holding firm saying we cannot give up on Law Enforcement opposing efforts to Defund Police forces. Turn to ongoing battle against coronavirus, the World Health Organization says that the spread of the virus by people who are asymptomatic appears to be rare as some cases seeing rise in case this week. Mornings with maria is live right now. Global markets this morning red across the board. Take a look at european indices. Cac request rant in paris 89 and germany by 237. The econo ....
Reporter this White House Press conference will now be at 5 30 p. M. Where we expect the discussion to revolve around Testing Capacity so more americans can get tested and go back to work the white house is expects to release two documents this evening. One is a chronicle of actions taken to date so far to ramp up the capacity of testing in this country. The second is essentially a blueprint for states for how they can get access to more tests, and what resources the federal government has that are available to them. The president hosted many leaders from retail and Farming Companies to talk about how to leverage the Retail Industry heres what some of these Companies Said they were willing to do. Cbs a ....
Consumerfacing businesses and both are on the move in the afterhours session and we have Team Coverage to break down both of these reports and lets kick things off with csx with the call now under way and lets get to Frank Holland with the details. Melissa, shares of csx up, and something weve seen in a number of other companies and one of its competitors, union pacific. On that call the ceo says production demand was too hard to forecast in this covid19 environment. Also during the call the cfo kevin boone said the Company Raised 500 million in debt and the Company Believes it is in position for a potential recovery and maintaining a strong cash reserve. Our Liquidity Position is extremely strong with near ....