Blake burman at the white house. We have Lauren Simonetti watching the market action. Edward lawrence reporting from washington at the but on this up and down day, lauren, we start with you. Lauren lauren its with up and down day. I had to look over to see if stocks finished the green. It is changing constantly. This is the new normal. Investors are totally unsure how to price in politics. Not just the expected turbulence around the election, but the future of stimulus. Stocks got a major stimulus from comments on treasury secretary Steve Mnuchin he and House Speaker nancy pelosi theyre going to keep talking about a new relief bill as House Democrats reportedly are ready to scale down a package of their own. Doesnt mean it is going to happen up investors like they are talking. We call it the mnuchin maybe, maybe. The s p 500 avoiding falling into correction territory, up, after the closing bell by just nine points. Yes, it is positive on the year by a whole 16 points, guys. Take a look
Woke hypocrisy . That and much more on making money. Charles all right, folks here is what i think are three main reasons for todays steep sell i dont have. Stocks got too expensive, short term, bottom line. Last week we saw the stock market put it in the best 50day rally in it history. Guess what . It only got stronger. It got parabolic. That is chance that weve seen best 60 days ever and pullback was way overdue. Second, the Federal Reserve refused to lay out concrete ideas how they provide extra hope to prolong the recovery. Wall street wanted more about bending that yield curve. Third, investors are waiting to see how much cash begins to circulate in it economy. I want to bring in two of my favorites, wallser, rebecca wallser and keith fitzgerald, principle his group. Keith, before you start, from march 23rd to the peak this week, s p was up 45 , dow up 47 and nasdaq up 46 . I like to remind people occasionally markets go down. Thats the thing. They stink. Theyre uncomfortable. Its
And the temperatures are rising a major heat wave set to hit the majority of the United States over the next few days here we are. Were keeping you calm, cool, collected and informed its friday, july 19th Worldwide Exchange begins right now. Good morning welcome. Im Contessa Brewer in for Brian Sullivan stock futures right now are in the green. Implying an open of up 92 points the s p 500 is up about 6 points the nasdaq futures are up 41 it looks like the nasdaq, the dow, the s p, all on pace to break twoweek win streaks a decent day today could change those fortunes the major averages are less than a percent below theyre alltime record highs the bond market now, lets look at u. S. Treasuries, the twoyear yield at 1. 7 the fiveyear up at 1. 7. The tenyear up above 2 now lets go worldwide in asia, looking at overseas markets. The nikkei is up more than 2 . This is on talk about the fed rate cut and what anticipation lies in store. The hang seng up a percent shanghai up a percent as well
Overnight. There is an excsiveeat watch for this afternoon and for tomorrow. Likely again on sunday. Heat index values today will be as much as 105 degrees. Tomorrow actually will be higher than that. There is your friday planner. Heat, haze, and humidity all in abundance today. Aftdegrees. That would not be a record, melissa, but it will be miserable. I was going to say a hot one. Here is a work zone blocking the right lane and just cleveland out of wait. Only thing 270 is northbnend father hurley boulevard so a slow down there. Through Prince Georges County into town and out, no delays. D. C. Police released this imagine of a possible suspect in the deadly shooting of a young boy. 11yearold karon brown was sho andkilled. Police are searching for this person. Lets begin with justin finch who is live in southeast washington. Good morning. Reporter on good morning. Flis now looki Police Looking to the public to fill in the gaps of this investigation and lead to a suspected killer. The v
Thursday evening around 7 00, that time is frozen in the hearts and minds of those who new caron, but it shares a space with the memory of who he was. Funny, loving, veryoutgoing. The war is on now. Its war time now because we lost another young person that should not have happened. R morter dred king is a pastor and they t take t streets daily. You may have seen their vehicles around town. The sign says it all. E weo have t come out of these houses and com out on street. We cant make nobody do nothing, buwe can tell themnough is reporter she says her groups usual rounds brought is. Area hours after the shooting, butthey came back once the crime scene was clear. Ron browns mother has a message to the person who killed her child. We need to aim right. Aim at the person youre aiming for. Why wouldou hit a child. Reporter thats a message thats echoed through this street way too often as were dealing with the death of another child. Meanwhile, police are using one important clue. They do h