China has now sanctioned almost a dozen u. S. Officials in retaliation after the u. S. Sanctioned several chinese officials last week. We are standing by for the president to deliver another is briefing after he signed four executive orders over the weekend on issues including payroll taxes, student loans, while lawmakers are still negotiating a possible broader relief bill. Joining us to discuss, abigail doolittle, looking at the ups and downs. Were there any clear drivers in one direction today . Abigail there really were not. Then, the bulls were out, we reverse lower. The nasdaq had been lower all day. But we saw today is what some are calling the reopening rotation. Some of the cyclical sectors, those climbed. As we saw those sectors climb, that is when some of the tech stock. Apple rebounded. The dow also backfire. The nasdaq did not make enough. Seventh update in a row. Longest winning streak since 2017. The russell 2000, that shows that divergence, the more value and cyclically
Everyone please sit down. Know we have people trickling in, but we are starting anyway. Ok. Welcome to the Wilson Center to those who are physically here and those who will be watching us on cspan and by other means. Harman, the president and ceo of the Wilson Center and former member of congress who is proud of her role in helping create the department of Homeland Security. Today we are pleased to cohost ural Homeland Security Experts Group meeting with support from the miners association, american airlines, and mckinsey. It is the group of the best americann the Homeland Security. It was found over 10 years ago and is now rebooted and housed at the minor corporation. Secretary and my dear friend Michael Chertoff and i are honored to be cochairs, and rob walker is the newly minted director. Mission is to offer independence, nonpartisan advice to key government officials as they face hard security programs, raise awareness, and offer solutions. We are nonpartisan and we hope we add val
Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff wall street battled bad news all day and ended with sizeable losses. A computer glitch that stopped trading for hours. The Dow Jones Industrial average lost more than 260 points to close back near 17,500. The nasdaq fell nearly 90 points and the s p 500 fell 35. Ifill microsoft announced today its cutting another 7,800 jobs, or about 6 of its global work force. The cuts affect the companys struggling phone business.
Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff wall street battled bad news all day and ended with sizeable losses. A computer glitch that stopped trading for hours. The Dow Jones Industrial average lost more than 260 points to close back near 17,500. The nasdaq fell nearly 90 points and the s p 500 fell 35. Ifill microsoft announced today its cutting another 7,800 jobs, or about 6 of its global work force. The cuts affect the companys struggling phone business.
Slightly lower. S p 500, nasdaq higher on earnings. Lori rothman with me from the floor of new york stock exchange. Lori . Deirdre all right we got the gross domestic product. Not all that exciting but the fed looks at these things. 2. 4 expansion pace is already, certainly not terrible but likely for the fed to stay on course and raise rates in september. Why we saw stocks flipflopping. The gains and losses. A mixed picture with the dow off five points. Nasdaq up 17. Call the broad market average flat. After the bell it has been all about earnings. We had better than expected reports from social Media Companies like links inn, expedia, travel website, Electronic Arts the gaming company. Linkedin is a dramatic story here. After the bell when the report was released it was better than expected top and bottom line report. All of their products were going gangbusters. We saw shares up as much as 13 . Now theyre virtually flat, only up marginally. Likely because a lost subscription growth