Good morning. Welcome to squawk box. Andrew ross sorkin with joe kernen and melissa lee becky is off today well go straight to show you how the markets are reacting on the back of that news. S p looking to fall 60 points. The biggest premarket decliners on the you dow looking at boeing, intel and apple off in some cases more than 2 or 3 eamon javers has been covering this story all night and joins us now with the latest good morning. Some very tough news for the president , the first lady and their family as the president and first lady have tested positive first, there was a report of bloomberg that hope hicks, the campaign aid to the president , travels with him a lot, tested positive she was seen traveling with the president on air force one, often photographed without a mask as with we watch some of those pictures of hope hicks traveling with the president a lot of the senior aids there shortly after 1 00 a. M. East coast time sending out a letter saying the president and first lad
Thank you. Wall street is waiting on the deal on more stimulus from Washington Well have more on that in a second first as we head into the last month of trading before the election, october bring a number of hurdles could there be an october surprise for the markets bob has more on what to expect bob. There usually is. The good news is we have a positive start for the quarter the big story remains stimulus and the chances for getting the stimulus through the other story well hear a lot is earnings. They are better than expected. The early quarter is much better than expected. We had one of the Big Semiconductor companies came out with positive guidance thats moving all of the Semiconductor Stocks thats a big important sector. Elsewhere Different Companies out there but they have beaten the earnings constellation pepsi reinstated their guidance. That stock has been moving bed, bath and beyond they had 50 cent na they are expecting a loss. The positive trends continue into september tha
The subcommittee on Early Childhood elementary and secondary education will come to order. Welcome, everyone. I know that a quorum is present, and i note for the subcommittee ms. Mcbath of georgia, mr. Underwood of illinois, ms. Lee of nevada, ms. Trahan of massachusetts, mr. Walberg of michigan. Mr. Johnson of south dakota and up to murphy, North Carolina. The understanding the questions will come omafter all members of the Early Childhood, elementary and secondary education subcommittee on both sides of the aisle who are present have had an opportunity to question the witnesses. The committee is meeting today for a hearing to hear testimony on underfunded and unprepared examining how to overcome obstacles to safely reopen Public Schools. As this is a hybrid hearing with members participating both here in the hearing room and remotely i ask all microphones for participants remotely be kept muted to eliminate background noise. Members will be responsible for unmuting themselves when th
Show up. So many people that the Hayward Police department theyre already out doing Traffic Control there were some people actually part right next to the tense and they said you have to leave now and enter from this other direction, this is hunt would avenue not show you the address and just a few moments as far as the pinpoint address, but you can see the center right here the whole idea is to take this stress off the hospitals send the First Responders the nurses, the Community Members here who are showing symptoms that is important because i just found out from people here that if you are not showing symptoms of Coronavirus Police say the kits for other people who might need them more than you and youve more than likely will be turned away. It will begin in 2 hours so now goes all the way till 6 oclock this evening. The idea is if you do test positive for coronavirus are youve been exposed to coronavirus and have symptoms the whole idea is to get you out of the system get you out o
In the last 24 hours, combining virus dynamics with oil dynamics. That is a distinction of this crisis. Francine and i am looking two to european lets get to first word news in new york city with viviana hurtado. Viviana we begin with a uturn from President Trump on the need for an economic stimulus he now says he will seek a payroll tax cut and belief are Industries Hit i the new coronavirus. Today the president is promising to unveil what he calls very dramatic action to support the economy. Bloomberg has learned for now the package will not include help for airlines and others in the travel industry. Now to italy it will become the first country in the world to attempt a nationwide lockdown. It is trying to stop the spread of coronavirus in europe. Almost 500 people in italy have died from it. A prime ministry imposing a travel ban. He has told italians, stayathome. Some of the worlds biggest banks predicting the European Central bank will cut Interest Rates thursday. J. P. Morgan a