Page 13 - Matt Eagan News Today

All right, take a look at the market here. a lot of focus on market this morning. the dow rebounding in the first hour of trading after a significant decline yesterday. the biggest daily decline in nine months. resurgence of covid has sent st stocks tumbling yesterday and investors are worried what that means for the economic recovery, this is a big chunk of the market drop yesterday. now going back in the other direction. matt eagan joins now live. is there a sense on folks that you speak to th...

Like that, but it may not be as strong as people had hoped. >> on the flip side there is concern about rising inflation and therefore interest rates but if bond prices are going up and yields are going down and that is a lower interest rate future, does it not. >> that is right. there is a bit of a disconnect even because even though it is on the rise we voont sen it play out in the treasury market and to your point though, to whatever except that the delta variant actually slows down the recove...

White house about rising consumer prices. the president did stress that they are vigilant while they take this -- they are taking this seriously. he said he met with the chairman of the federal reserve and said listen, the fed is independent, and he said the fed should do whatever it takes to keep this economic recovery going. >> matt, thank you very much for your reporting. as always. a quick programming note. president biden will join don lemon for an exclusive cnn presidential town hall. th...

It only takes a few seconds, and it wont affect your credit score. finally! a totally different way to finance your ride. only from carvana. the new way to buy a car. minutes ago president widen tried to calm fears on the economy. it doesnt look like wall street is listening. the dow is down more than 834 points, and you can see its ticking lower. an ugly day as investors worry about the impact of rising covid-19 cases. matt eagan is tracking the developments in fact whats happening here? >> t...

To take time on the senate floor even after an agreement is reached so i dont think wednesday is a magic day that we cant go beyond. i think senator schumer recognized if we dont have deadlines, were not going to get things done. >> understood. senator ben carden, good to have you on the program. >> thanks, jim. well be sure to watch president biden joining don lemon for an exclusive cnn presidential town hall, airs live on wednesday at 8:00 p.m. eastern only on cnn. we have breaking news to...

Tens of millions of parents will get their first child tax credit payment today. if you file your taxes electronically, that money will be directly deposited into your account. if you mail in your return, you should get a check within the next several days. president biden touting this piece of his american rescue plan. >> this has the potential to reduce child poverty in the same way that the social security reduced poverty for the elderly. millions of children and their families starting today...

Stood-down workers are organising for their rights. Photo: Isaac Nellist Workers at Annette Kellerman Aquatic Centre (AKAC) in Marrickville have taken action after being stood down without pay at the beginning of the lockdown. The workers, who are members of the United Workers’ Union (UWU), held two actions, a speak-out outside the pool on July 8 and an online community rally on July 10. See also At the speak-out, workers called for paid pandemic leave for all and held signs that demanded...

Developing at this hour, a rocky day on wall street. u.s. stocks down sharply as fears over the delta variant and a slowing economic rebound rattle investors. cnn business writer matt eagan joins me now with more. matt, the concerns about the delta variant have been around for a few weeks, why is it affecting todays market? >> theres no question this red-hot stockmarket is starting to cool off a little bit, and the delta variant covid is why people are concerned. this is covid-19 on steroids, tw...

Is busy. the tsa reports it screened more than 10 million airline passengers over the 4th of july holiday weekend. >> monday was the third busiest day in more than two years. last thursday and friday were bigger and busier than they were pre-pandemic, but travelers have been plagued by delays and cancellations. the increased demand putting stress on airlines that were forced to cut back on staff at the height of the pandemic. now, the spike in travel is also impacting oil and gas prices. they ar...

Different approach but the message will be the same, which is that high and oil prices, it is not good for anyone. >> matt eagan, thank you very much. >> thank you, guys. renowned journalist nicolle hannah jones has declined the university of north carolinas offer of tenure and she is instead accepting a faculty role at howard university. her tenure was initially denied by the board of trustees. >> she won the pulitzer prize for her work on the 1619 project which examines the consequences of s...