Dow a tripledigit gain. The hope is the poor showing on the jobs front would be the reason for the Federal Reserve to delay raising Interest Rates until later in the year. Sentiment also improved when a reading on the Services Sector came in in line with estimates, and still showed growth. And then new york fed president bill dudley said chill, when the fed does raise rates, he said it wont be that bad. The likely task of shortterm Interest Rates after liftoff is as important as the timing of liftoff. I anticipate the path will be relatively shallow. The headwinds in the aftermath of the financial crisis are still in evidence particularly the diminished availability and the tough returns we see for Residential Mortgage credit. Add it up up and the Dow Jones Industrial avera rose 117 points closing at 17,880. The nasdaq was higher by 30 and the s p 500 was up 13. Thats how wall street felt. But theres no way around the fact that the jobs number last riday was not a good one. As Hampton
Trump trailing joe biden by 13 points. This is in florida. Other polls show biden leading in other Battle Ground states as well. Overnight, the cdc released a new guideline supporting opening schools but only if its safe. If its not safe enough to hold the Gop Convention in florida how is it safe enough to open schools . Joining us now is cnn chief medical correspondent dr. Sanjay gupta and john harwood. Sanjay, in terms of the type of event that is clearly not safe, an Indoor Convention is very high at that list on that list. So as a doctor, your reaction to the decision from the president . Yeah, i mean, it was an inevitable decision, frankly. I mean, i say that, of course we saw what happened in tulsa and arizona. But i think at this point, given how much viral spread there is i think the Public Health communities have been pretty unified in their voice on how risky this is. You can look at one of the riskiest type of events and one of the lowest risk types of events and frankly, an
Jacksonville, florida. They have a Record Number of cases from the disease. I am joined by these two gentlemen. Today President Trump faced to force reality. The virus is winning. Hes retreating. No question about it. This announcement today spoke louder than anything the president has said all week as he resumed these briefings, telling people to wear masks after telling them not to do so, telling people it will get worse before it gets better. This was the big event this week. The president wanted this event. The democrat in North Carolina told him he couldnt have the kind of event he wanted, so he said he was going to florida where there is a sympathetic republican Governor Ron Desantis. But in the last few days the sheriff said it was too difficult to do security with the coronavirus. And many said they werent going. It was a disappointment in addition to a Public Health problem so he was forced to retreat today. I think that was a signal of the gravity of the situation that was st
Republican National Convention that were to be held in jacksonville, florida. As we know florida is one of the hardest hit states. Today its reporting more than 10,000 new covid19 cases and a Record Number of deaths from the disease. Joining me now is cnns White House Correspondent john harwood, and dr. Jonathan reiner. Gentlemen, good evening to you. John, a Big Convention is everything trump loves but today finally forced to really face reality. The virus is winning, hes retreating. No question about it. And i think the announcement today spoke louder than anything the president has said all week as hes resumed these briefings, you know, telling people to wear masks after not doing so. Telling people its going to get worse before it gets better. Then he had a different tone yesterday and said a bunch of thing that were not true at the briefing. But this was the big event of these briefings this week. The president wanted that event. He angry when the state of North Carolina under a d
Hes also seeming much more irrelevant than weve seen perhaps throughout his presidency as hes backpedaling on a convention, backpedaling on reopening schools, saying its going to be up to governors. Giving up on his wishes for a payroll tax cut. Giving up on other items. So republicans can get more Coronavirus Relief money out there to the rest of the country. So this is a president , because he has downplayed and diminished the threat of this virus, who has put himself in this very precarious political position where his own party is going off and doing what it wants to do when it comes to Coronavirus Relief, and hes having to essentially backpedal on all of these lines in the sand that hes been drawing throughout this entire pandemic, wolf. Yeah, thats an important point. Dana bash is with us as well. We did hear the president say today stuff that he should have been saying months ago. We have to be vigilant, we have to be careful, we have to set an example, there has to be social di