All safe. Those are some of our top stories on this monday, august 10th. Thank you for starting your week with us. And we do begin with schools ng a as coravirus cas millionaon be Holding Classes online today and tomorrow, while the building is disinfected following an outbreak among students and staff. In bigtime College Football, the power five conferences may be considering moving their season to the spring. Meantime, the pandemic has prompted some top ncaa players to call for the creation of a union. Abcs Andrew Dymburt has more. Reporter the u. S. Now surpassing 5 million confirmed cases of coronavirus. Kansas city among nine cities warned by the White House Task force they are in danger of becoming new hot spots. Were seeing a lot of activity that has been against Public Health advice. House parties of up to hundreds of people, a lot of backyard parties. Reporter chicagos mayor threatening to shut down the lakefront, posting these images on social media after witnessing what she
Investment, what do youd see as the future valuation for this business within mgm and if they dont get there do you plan to sell your stake . I tell you what on the first question i would not put a number on it but i would say with absolute certainty it is worth more than negative the Online Business is getting a negative in there. Im certain it is worth more than that and that is something that we looked at and considered when we were making this investment and you said your second question i have no idea. Were me in this for the long term and that means that well there r is all kinds of opportunities that may arise from here. And well consider everything. Finally are you looking at anything similar to this given all of the cash that you have . Were always looking at everything that is the fun thing about iac. We have the ability, the flexibility, and the time horizon to do anything that we want to do and were always active in the marketplace. Thank you, we appreciate you taking some
Points the s p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5. 5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning its down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. Setting a new high every one of the closes. The s p is less than 1 from its all time high. Its up back in february the treasury markets youll see right now. The treasury yields are where they have been the ten year is at 0. 556 . Melissa. We have an update on the pandemic the United States surpassed covid cases. It took just six weeks for u. S. Covid cases to double. The growth appears to have leveled off at an average of 54,000 per day over the last week in College Sports news over the weekend the mid american conference scrapped its all football season delaying all fall sports until the spring of 2021 the logistics were too complicate
Which has mostly gotten a free ride. Well get reaction from liz peek coming shortly. Spigot to Small Business drying up. So what happens now . All that and so much more on making money. Charles well the dow is up steadily today and the market has been on a roll. The market has done better than you probably know. It is not reflected in the quotes. Give you an example. The s p was up. 006 . Tiny fraction of an increase. Guess what . Nine of 11 sectors were higher on friday. This rotation is going on. Weve been talking about for some time. Now it is catching fire. What should you be doing to take advantage of it . I will bring in my three favorite experts, mike murphy, Courtney Dominguez and shah ghailani. Mike, i want to get your thought on what were seeing in the market. The dow is having a powerful session. A lot of tech names are under pressure here but this rotation we talked about is happening. I dont think youre buying it just yet . You know, charles, i love some of the big Dow Com
Until Californias Department of Public Health has stepped down from her job. She did not give a specific open this wednesday. Reason for leaving her officials announced they are opening next monday, august 17. Position. Her resignation comes less than all students will begin with one week after state officials announced the Computer System had undercounted the coronavirus cases. Distance learning. This initial phase could last she was named the state health for three weeks or longer, it officer and Health Director depends on Public Health conditions. In oakland, students are back to their virtual last october. Coronavirus cases in the u. S. Have surpassed the 5 classrooms. This is the very first day of million mark. 40 of those cases are in five school. There is still no deal between states. The Oakland Unified School district and the Teachers Union california, florida, texas, new about what Distance Learning should look like this school york, and georgia. Weather 163,000 people have d