Companies keep pulling ads from the social network. Starbucks and pepsico among the players. Charlie has a big scoop on the facebook story. As the coronavirus death toll surpasses another tragic milestone, and cases spike in some regions, the search for the cure presses on. Jacob glanville is star of pandemic and is here to tell us how his treatment is curing cancer and if human trials are around the corner. Plus a new front in the electric vehicle cars. Nikola motors taking orders for its Tesla Cybertruck competitor, the badger. The executive chairman is here to tell us how orders on day one are faring. Less than an hour to the closing bell. Im Cheryl Casone in for liz claman today. Lets start the claman countdown. Cheryl we begin with some breaking news this hour. Amc theaters is going to begin reopening its u. S. Theaters on july 30th in line with Disneys Mulan and Warner Brothers tenet. They originally said u. S. Theater operations would resume on july 15th. Little bit of pushback.
Jerome powells chairman testimony tomorrow what he will tell the House Financial Services committee. Just released a more upbeat tone than he was in his last appearance before congress. He is going to say the Second Quarter gdp is largest drop in history. The coronavirus was met with swift action, swift and Decisive Action by both congress and the Federal Reserve. He will say because of that action he believes longterm damage to the economy may have been limited. Now powell welcomes a bounceback in Economic Activity he has been seeing. He says though the path forward remains uncertainty and a full recovery will be unlikely until people feel confident that the coronavirus has been contained and it is safe to go outside. Now he says Interest Rates will remain near zero until they are confident the Federal Reserve is confident that the economy has recovered. He says, the Federal Reserve will use their full range of tools in order to support the economy. Were looking at low Interest Rates
The pretty good news to create solutions and for stiction. Interactive content teaching the next generation of the tool to take action. Using the channels available to inspire people to turn connection and ways of turning to build something new for the next generation. Is the environment series of global 3000. 00 on t. W. And online. Boeings chief executive admits the lawmakers weve made mistakes exactly one year after the 1st of 2 fatal crashes of boeing 737. 00 max airliners the c. E. O. Says his company deserves scrutiny also coming up standing up to Silicon Valley germ. Me and friends ramp up their efforts to build rivals to u. S. Tech giants and false flag and bets on electric right sharing to rev up business in Subsaharan Africa as the global car sector stalls. Im chris cuomo welcome to the Program Boeing c. E. O. Devils muller then a small and berger admitted to you u. S. Senate committee that his company got things wrong in the development of the 737 max airliner todays hearing
Senator Bernie Sanders and senator Elizabeth Warren at the debate last night tackling topics like Climate Change, tariffs and trade. You outcompete them and put chief manufacturing officer in place to make sure we rebuild the manufacturing base, we have to fill the factories, we have to fill them with workers that are making batteries, charging stations, making sure making solar panels. Senator warrens plan basically that she would put out we would not be able to trade with the United Kingdom. We would not be able to trade with the eu, its so extreme. Thank you, congressman. What the congressman is describing as extreme is having deals negotiated by the American Workers for American Workers. American workers want those jobs and we can build the trade deals that do it, people want access to our markets all around the world, then the answer is lets make them raise their standards, let their workers unionize, Environmental Standards before they come to us and say they want to be able to s
Thank you for your coverage, my friend. You bet. Thanks to you at home for joining us this hour. Former President Donald Trump, former President Donald Trump got some marching orders today. The judge overseeing Special Counsel jack smiths case into trumps attempt to overturn the 2020 election, judge Tanya Chutkan, today she laid out some new rules for the former president , as far as the next phase of this criminal indictment. When mr. Trump want to go over sensitive evidence, like Witness Emails or Audio Recordings in his testimony, he is not allowed to bring anything into the room with him that could be used to copy that sensitive material. Like a smartphone, if trump is reviewing this material on his own. Or, alternatively, trump can take his phone with him but his Defense Counsel has to babysit him to make sure he does not copy anything onto his phone. And if the defendant takes notes, regarding sensitive materials, the Defense Council must inspect those notes. It is sort of like t