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FBC After The Bell July 12, 2024

Jackie deangelis in the newsroom and Edward Lawrence in washington. Lets kick it off with jackie on todays market rally. Jackie. Reporter good afternoon, melissa. Stocks were slightly higher on the blowout retail sales report in may, an increase of 17. 7 , the biggest monthly increase. Aprils sharp decline was revised lower this is good news as states are reopening and economy is getting up and running, there does appear to be a lot of pentup demand from folks not shopping while they were unlockdown orders but buyer beware. As you said in beijing, another lockdown after a cloughster of new coronavirus cases showing reopening may not be as easy as everyone is hoping it will be. Meanwhile stimulus hopes are helping stocks too. Reports considering the Trump Administration is considering a one trillion dollar infrastructure plan to help the conry recover. The money is expe ....

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