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From washington. Gerri, with the declines we start with you. Reporter thats right, jobless claims rising for the first time in 16 weeks. Stocks certainly didnt like it. The number above expectations and also above last week numbers. Also now these total numbers of claims in 18 weeks since those lockdowns started total 52 million. That is a third of the American Labor force. So you see these numbers disappointing. One bright spot, continuing claims. Tracking total number of unemployed workers receiving benefits, came in 870,000 less than expected. That is a bright spot. Even so all three major averages trading down. Nasdaq down more than two. Tectum blink big time. Apple, amazon trading lower. Microsoft had a good report yesterday but out with disappointing guidance still headed down. They say people are going into cyclical and value names. I will believe it when i see it on an ongoing basis. Tesla, planning to join the s p 500. Th ....
Lauren simonetti watching the markets, blake burman has latest from the white house and Hillary Vaughn is in washington. Blake we start with you. Reporter 6 00 on the east coast when the president will unveil the latest guidelines Going Forward. Earlier today he spoke with a Bipartisan Group from the house and from the senate. A couple different phone calls there. Right now we believe he is still on that phone call with the nations governors before he unveils the next steps later this afternoon. Were getting themes from the white house what we can expect when the president takes to the microphone. The new guidelines will be layered. No more blanket approaches for the entire country. It will be governor led. The guidelines well soon get will address the nationstate by state, county by county. They will talk about restaur ....
Theyre going back and forth. The governor says no, that is not on the table. This story, the fight with china heating up. China will expel the New York Times, wall street journal, the Washington Post from china. Also kicking those papers out of hong kong and macau. All this as the administration and congress ramp up another historic package for the u. S. Economy. Look at Market Reaction to that, up more than 1000 points on the dow. Futures in the green. This just in the Federal Reserve brings back another Credit Facility from the 2008 crisis to help the Investment Bankers and brokerages smooth out the credit markets about it comes to dealing in u. ....
Which is a good thing for all parties concerned, and a very good thing for the world. As we continue to evaluate options and in response to iranian aggression, the United States will immediately impose additional punishing economic sanctions on the Iranian Regime. Neil we have not heard a response as yet from the Iranian Regime in response to the president s remarks. Earlier this morning the response to the attacks that were leveled at this american facility in iraq was that there would be more to come. We go to the cow guy, scott shellady, on the impact of all of that. How do you think this is sorting out thus far . Always risky to come to any conclusions before we know what happened, but what do you think . There still could be, well probably still have some scares. Who is kidding who. I was up every two hours last nigh ....
At the right time. Well tell you who that is. Well talk to karl rove, former Senior Advisor to president george w. Bush. He will sound off later in the hour. Plus massive fires, raging in australia. Crews working to fight a blazing inferno that has burned through an area tries the size of the state of maryland. Well have the latest from emergency officials there. New charges against Harvey Weinstein. The disgraced movie mogul arriving in court using a walker here in new york today just two years after dozens of women came forward with allegations of sexual harrassment and were live at the courthouse ahead of jury selection. Melissa fox Business Team coverage. Blake burman at the white house. Jackie deangelis on the floor of the new york stock exchange. Jeff flock is watching the action in oil and gold from the cme. Blak ....