Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
News about the pandemic, the confederate battle flag and police brutality. Denied bail, the judge decides Ghislaine Maxwell is a flight risk after hearing pleas from two women who say she helped Jeffrey Epstein kidnap them. How marines are fighting the coronavirus with an Intense Research effort that could help all americans. Like the sound of that. First, here is todays eye opener. Its your world in 90 seconds. If you look at the magnitude of the 1918 pandemic, it does have the makings of the possibility of being, you know, approaching that seriousness. The director of the cdc is warning that fall winter will be among the most difficult for Public Health in u. S. History. Over the last couple of weeks, you keep talking about cases. You dont talk about death. We have one of the lowest mortality rates in the world. Joe biden unveiled a 2 trillion plan to fight Climate Change and create jobs in the postcovid economy. Open everything now isnt a strategy for success. Its barely a slogan. A
A spike in cases in the south and the west when you do testing to the extent you can find more people you go to find more cases so i said to my people slow detesting down. And even though several Trump Campaign workers and 2 secret Service Agents tested positive for covert 19 the president stuck to his call while heading to his next Campaign Rally on tuesday. Every hour we. Get. I dont get let me tell you let me make it clear we have got the greatest Testing Program anywhere in the world we have better than anybody in the world our best the best in the world and we have the most of them by having more than we find more. Less than an hour later on capitol hill a hearing about the white house response members of Trumps Coronavirus Task force said there could be a viable back scene by the end of this year but they disagree with the president s view on testing knowledge i know for sure but so my knowledge none of us have ever been told to slow down on testing that just is a fact in fact we
Officials have responded to the president of the for the his c. C. s remarks on saturday the mystery thats the speaker of the High State Council has said has denounced his remarks calling them a violation to libyas sovereignty of the g. N. A military commander was spoke to a little while ago he said that their forces are adamant and they will answer search now its important to know that these are forces that know the territory and certain very well in 2011 forces primarily from here in misrata were responsible for entering search and capturing and killing one more gadhafi they did that of course with nato support in 2016 the same forces are the ones who went to sirte and liberated it from eisel they did that of course with american support so these are forces that know the territory well they are confident they can enter sirte and they say that they will and you know the commander earlier told me that the d. N. A. Or our forces will not stop until we in his words liberate all of libya
Wanted. Didnt call for the lifting until and we had hoped to continue the beach closure until after the fourth of july weekend. Reporter it allowed people to only access between 11 am and 5 pm and not lounge or sunbathe. Particularly once the hotels, bowling alley, things that are targeted to tourists and inside, much of the community started to feel like there wasnt a rational basis for keeping the beach closed anymore. Reporter they say the order cut access to beaches for people with disabilities. One has been the handicap parking has not been accessible at the majority of county beaches and the second issue has been the sedentary law on the the kids are reopening as there is an increase with 28 in a two day time period and last week there is a third death linked to covid19. They have had the lowest number of cases accepted napa but with those ending the shelterin place order a week from monday only time will tell how the change affects the infection rate. It has become impossible fo