Early investor will join us to talk air bnb power lunch starts right now the markets are at all time highs. Usually means great things on wall street but means much worse on main street these days. Well get to Steve Liesman for more on that lets start with bob on the market the low print was at the open were 25 points above that its the same pattern that we have seen for a while now. That is Technology Leading and consumer discretionary, amazon mostly, pushing the market to be upside industrials, energy and banks and energy has been on a downtrend for the last six or seven trading sessions and so have bank stocks they had a brief rally about two weeks ago. They have been down on trend for the last six or seven trading days i mentioned the ten new highs but were at new highs its because the megacaps continue to move the market forward. You get the big five moving up that pushes the market up even if the rest of the market is down semikwuk semiconduct iors are down trending we have nvidi
To start in september. The s p 500 is therefore positive though not at a record. Were 59 minutes left to trade and we have two big exclusive interviews coming your way on todays show delta Ceo Ed Bastian will join us with the latest view from 30,000 feet on the state of the Airline Industry and his companys announcement today to keep middle seats blocked until at least the end of the year. Plus, well speak with marc short about stimulus negotiations or the lack thereof. China trade talks and the latest signals on the economy you dont want to miss either of those conversations. Lets get to the big stories were tracking a volatile day for the lows we have a look how the economic recovery hasnt benefited everyone but we begin with the fast moving developments surrounding uber and lyft in california. Fast moving indeed. We found out just moments ago that uber and lyft have won a delay for converting drivers to employees. The i was about to come on tv and tell you that both apps were going
The fed warnings on risk theres a lot to watch the and an airbnb ipo is now officially in the works. You were just talking about becky about claims and this onagain narrative, the split between Public Companies and smaller businesses. When you keep thinking about what target said, brian with a tour deforce performance, talking about taking 5 billion in share you know he took it from somebody i keep thinking about that, thats the 5 billion that probably would have gotten into Smaller Companies that dont trade or companies that are starting to lay people off or file bankruptcies. The i call to attention estee lauder today you dont expect that perfume or skin care gets hurt. Hopefully lipstick sales are better usually when other things are weaker were not seeing that. Were ripe for stimulus, but nobody is talking. Yeah, jim, thats interesting, estee lauder layoffs, american dropping 15 minutes. But covid cases are lit rally collapsing shouldnt this be going in the other direction . Yes, b
Robberies assaults and burglaries kron fours dan thorn joins us now live from san leandro what the police union is saying about these alarming numbers stand. Well ken and pam this warning from the police union comes up in the city of san leandro voted in june to slash the budget of the Police Department by more than a Million Dollars is also having the union come out and say that because of the spikes in crimes theyre going to need all the funding that they could gain but advocates for defunding. The Police Department say. That they should addressing the its not its not money thats the problem here. Its how these crimes are addressed. The San Leandro Police Officers Association is warning people over a significant jump in Violent Crimes, new numbers from the citys Police Department show from june to july there was a 500 increase in armed robberies, a 125 increase in assaults with a Deadly Weapon a 100 jump in shoplifting and a 75 increase in home burglaries is very concerning for us th
His son travis were finally arrested this week after assaulting and shooting the young black man down while he was out jogging in glynn county georgia back all the way back on february 23rd i say finally arrested because for Months Police and prosecutors in georgia despite having Video Evidence to the contrary were content with giving the mcmichaels a pass why because while the father and son dynamic duo of White Privilege basically loaded up on guns and stalked our breed down after he committed the most heinous crime of jogging past that while black the New York Times writes the Gregory Mcmichael told the police that mr r. Bery looked like the suspect in a string of nearby breakin. And that and that excuse was apparently all georgia prosecutor Georgie Barnhill needed when he argued that the father and sons actions were legal under state statutes on citizens arrest and selfdefense and that the under mr r. Bery had initiated the fight with Travis Mcmichael and was thus allowed to use de