Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. When itomes to wireless, Consumer Cellular gives its customers the choice. Our nocontract plans give you as much or as little talk, text and data as you want, and our u. S. Based Customer Service team is on hand to help. To learn more, go to consumercellular. Tv the john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions and friends of the newshour. 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 minneapolis is bracing for a possible fourth straight night of violent protests. Outrage has echoed there, and around the country, since the death on monday of george floyd at the hds of police. President trump threatened to send in the National Guard if necessary to
Other several times where the airline suffered shocks the one most clearly was 911 and up to 911 happened it took approximately 3 to 4 years before demand and capacity and people felt safe to travel again so it is going to take some time and then afterwards subsequently you have the sars virus as i mean isolated within asia but even so the Airline Industry there also reported that it took about 5 additional years for people to feel safe traveling in a confined space together and this not only applies to airlines its also applies to cruise ships trains and all of those commuting across the United States its going to be its going to really suffer as a result of this. Yeah i have read the Southwest Airlines is offering their employees with 10 years of service a year of pay and flight privileges for a year if they take an early retirement package theyre limiting the number of seats per flight so that middle seat wont be occupied but with fewer employees and fewer seats and fewer flights it
. The protests are spreading beyond the bay area, beyond San Francisco, oakland, and san jose. I am working from home tonight. We saw protests in the big cities, and in less likely spots like livermore, redwood city, vallejo, and others. What we have seen today, it has been peaceful, thankfully. In oakland, hundreds of protesters marched to Police Headquarters near downtown, the crowd expressed anger of the killing of george floyd, calling for justice. For a time, group of demonstrators stood in a line across from Law Enforcement near eighth and broadway. We did not see any confrontations from our vantage point. In redwood city, another line of officers blocked testers from getting onto highway 101 about 90 minutes ago. The demonstration has been going on since 4 00 this afternoon. It was organized by Silicon Valley black lives matter. It has been largely peaceful. We did see some people being detained. They said they arrested a person carrying a concealed machete. Three more counties
Getting back to work versus the Public Health interests here billions upon billions of new debt has been issued, as companies try to fortress their cash hoards. Well talk about the big debt bomb that may be looming and later, the cleveland fed president horror retrloretta me join us to talk recovery and whether the rates are really on the table or not cannot wait for it. Tyler, thanks. Its the financials and the Energy Sectors which are leading the declines again today for more on the selloff, lets get to Robert Pisani hi, bob. Hello, there. And two buckets here this is about the reopening and its about questions on the valuation of the market and the big rally weve had. 60 of the losses weve regained here thats whats going on here. And you can see it in the sectors. Tylers absolutely right banks just having a horrible week were down like 13 for the banks this woke. This week the russell 2000 is getting clobbered. Retail has been drifting lower as well. Energy down about 8 or 9 , resum
Last ten minutes or so and finally, optimism around the possibility of new stimulus. All of that helping the market up about 1 on the s p 500 as we stand. Coming up on todays show, big moves in the banks space and Goldman Sachs is bringing workers back to the office well talk about that with the president and ceo john waldron and Michael Novogratz will lay out the risks he sees. Mike santoli is tracking the Market Action and a pair of key faang names holding their annual meetings as tech underperforms today and mike, start us off with the Broader Market and the action were seeing right now. Yeah, so weve been talking about this rotational activity away from the big growth winners into all other areas of the market that are more sickly call and smaller. It is really happening in a benign way so far. Sometimes the baton can get dropped in the handoff but it is towards its highs so kind of stalled out at this area, but below the surface, equal weighted is up close to 5 so it is kind of st