Concerns over u. S. National security. The Vice President ial contenders preparing for debates. Kamala harris and mike pence must convince voters that they have what it takes. U. S. Futures opening flat but watch the after our market action. Regeneron gaining more than 3 at one point with president itsalling it antibody antibody a cure. 500 inming after the s p the regular session climbed to a onemonth high, we saw quite a reversal from yesterday. Renewed hopes for a stimulus package, though a though it may be a piecemeal approach. We also have minutes from last month showing fed officials where concerned about the amount of government relief so far. Take a look take a look at oil, this after it fell below. U. S. Stocks on the rise again. Inventories increased by more than 500,000 barrels last week. To see how things are shaping up voice shopping is ahead for asian markets with stopped set to track the gains we saw in u. S. Markets. We are keeping an eye on pharma names. A move could a
Lows the ceo will be here to tell us how he and his company delivered. Plus the university of arizona claiming it has found a new way to prevent covid outbreaks, testing the sewage coming from dorm rooms president Robert Robbins will join us, as power lunch begins right now. I cannot wait for that story. We wait for the beige book from the fed. Dom chu has more on the markets. So the dow is up almost 300 points at this stage, the highs of the session more importantly were keeping close to dow reclaiming record territory. Anybody who has tuned into power lunch or cnbc in general the last several months knows we continue to make these record highs with the s p 500 gold star there. The nasdaq always creeping higher here. Believe it or not, that 12,000 market was hit early today it open up at 12,050, roughly that level just to put things in perspecti perspective, if you look at the nasdaq over the last year, from the lows we saw up until where we are right here, were talking north of 80 ga
Nice trifecta reports for snap, United Airlines and Texas Instruments. Jew julia, take it away. With snap meeting expectations on earnings and beating expectations on revenue, while subscriber numbers came in half a million lighter than expected, what is is putting pressure on the stock, you see its down over 6 , is guidance that snap is planning for t addition of 46 million daily active users the company also saying its combined cost of revenue and operating costs will grow at percentage rates in the low to mid 20s year over year compared to last year the company says these increasing costs are because its investing in longterm growth snap did not give any revenue guidance but said from july 1st through july 19th snap has seen 32 Revenue Growth theyre cautiously optimistic that these trends could sustain over time but theyre cautious that trends are volatile and could deteriorate. Ev evan spiegel saying Certain Industries have benefitted from some of the covidrelated circumstances. Sn
Is not there . Thats why we recently sent a letter to the committee to the heads of the phs calling for Interagency Task force to take a holistic approach in supporting venetians industry. Im concerned about the different requirements and Health Assessments across the nation. A lot of different requirements and confucian. That affects millions of travelers intimately in who depend on the healthy aviation sector. I repeat, 11 million workers who depend on the Aviation Industry. Among the most publicized is the social distancing measures. They were most visible when they issued to help slow the spread of this deadly virus. Today at the security checkpoint many different images have emerged full of unmasked passengers and americans are rightfully surprised when by all accounts the demand for travel is still very low. Even now we hear from airlines limiting is not necessary. Into the economic environment with very limited resources. Thats why we must make sure the measures be put intous pl
America about the efforts to improve the safety of airports and planes and what the federal government can do. Security wille now come to order. Thank you, Ranking Member and the panel of witnesses for joining us today. We are here to discuss proposals for how to restore our nations been so system that has devastated by covid19. We have seen passenger volume in the last few months go as low as 5 of normal. Today it is close to 15 to 20 of normal, but that is not good enough to keep the Aviation Industry in business. It is not good enough to help this nation. Know, this pandemic is unprecedented. The lack of federal leadership and interaction, coordination is very concerning to all of us. We ask the question, how can we project our frontline aviation workers and our passengers if consultation and coordination is not there. That is why Sherman Thompson and i recently sent a letter with the leadership of the Transportation Committee to the heads of dhs and tot calling for preferred and do