Is the overall market. This is really helping. The dow industrial will open with a 500point gain. We were up 500 yesterday, youre up about 1100 points in 24 hours. The s p to the upside big time and the nasdaq up 76, it is a rally. Travel related going straight up as well, if there is a vaccine that works, people can take it and be safe on planes and cruise lines, we could get out and about more on a mass scale safely. Backtoschool might get help as well from the vaccine news. Hold on we are not done with big winners. Apple one a 14 billiondollar tax fight with europeans. They won, that stock is back almost, its at 394, 395 a share. Straight up this morning. Goldman sachs a big jump in profit, watch the stock grow. If the dow stock helping overall market. Your money is often running, we will have a grand old time following it for you. That is not all on the show, trump guy one in alabama beating Jeff Sessions while a wide margin. He will be on the show. Joe biden reveals his economic p
At roughly 2 00 p. M. The president is expected to take the podium and unveil a policy action or slate of actions that is expected to significantly escalate tensions with china in the wake of the coronavirus and just months after that much harolding phase one deal was struck in january. You can see the reporters there to answer questions. This has been an announcement thats been telegraphed slowly throughout the week. Theres been an significant ramp up on behalf of the administration in the last week after china sought to impose a National Security law in hong kong that would crackdown on public demonstrations there. Since then, the secretary of state has told congress that hong kong is no longer autonomous the secretary of state certifying that is the case and that could result in some policy actions that could lead to the revocation of the special economic status in hong kong that allows that territory to be free of tariffs. That is one of the policy recommendations that was on a men
What it means is that crude is having a really tough day. You have Oil Producers from saudi arabia, others, really trying to renegotiate a deal to reduce the output, but crude is not getting a lift on that new. Getting a look at the Retail Stocks we were looking at, after the massive route that we had, the Smallest Companies in the s p 500 are retail. Taking a look at the midcap index, macys was removed on the s p 500. 13 other companies within the s p 500 ended last week with him lower market values and so you had Companies Like cap, kohls, nordstrom, capri, haynes, getting hit hard. So if they go, if they follow the precedent set by macys, they could potentially be getting kicked out of the s p 500. Just an incredible move. One of the Big Questions is it the fed would start lending to junkbond Companies Like macys. One thing that you noted a lot in your research is what is systemic, right . Who is providing the jobs and what classifies something as too big to fail, if you will. A lot
Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say, i think it is going to be a little choppy through the month of july, especially as we get into earnings season. We see how tariffs are impacting companies on the ground. Yeah. It is interesting, youre going to get earnings s
Murder suicide, but say there is no threat to the suspect. She had battled depression. Depression is very real. It is what it is. We dont know what is going on now. We know we lost a wonderful mom and two boys. Reporter as they try to piece together a horrific crime, ryan. Edu aley tried to speak for his neighbors. Reporter the family moved here two years ago and seemed very happy. And ryan labor is not a suspect here and is cooperating fully with authorities. We are live in highlands ranch, tom mustin, cbs4 news. Thanking tom. Now, new information on the arrest of a teacher in jefferson county. Deputies say they found Michael Bueno last night with a 17year old run away at her familys cabin in pine. Where several open containers of alcohol were found as well. Teacher at West Jefferson middle school. Also a football coach at conifer high. Right now, a family in aurora is the target of a suspected hate crime for the second time this month. Cbs4s Rick Sallinger is live in aurora. Rick, Po