I will take it from here. We look at the roadways. Its a quiet commute. If you are getting out early are you in luck. We have a lit of a hiccup. Just some slight crowding into the pass. Overall things are moving for the mast part seamlessly onto the dublin interchange. Taking a look at the other super commuters route. Thats the drive out of gilroy to morgan hill. We are be clocking in nice speeds. If you are going north into san jose toward the peninsula things quiet. Only 36 minutes for the travel time to go from there to sfo. Highway 4 checking in problem free and the east shore freeway see nothing delays or brake lights. Im getting reports of debris westbound 80 at carlson. The United States has reached another grim milestone. More than 2,000 deaths report from coronavirus on tuesday. According to data from johns hopkins. There have been 20 other days with more than 2,000 deaths were recorded. The last time we saw a toll this high was back in may. In california the state reported mo
Paying off Student Loan Debt, amount to 50,000 a person. How bad could this go . Welcome. Im neil cavuto. This is world world. Even among big spending democrats, the president says i dont know about 50,000. 10,000 possibly. Where this money will come from and ultimate how much money were talking about and who will be eligible . It will be anybodys guess. Its pricey. And how about those that have paid their student debt . Who do they do . Besides getting angry. Lets get to chad pergram with the very latest on this student debt payoff in overdrive. Martha democrats say eliminating the student debt could help the economy. Chuck schumer says it could happen by the end of the month. President biden has taken good steps in the direction of student debt but we think he has to go much further. We believe that number 1 the American People are strongly behind this hover wellingly. Legislators like schumer prefer to legislate rather than relying on the Executive Branch to to something. The white
Jakarta just coming online. Interesting when it comes to the hang seng, we are close to those session highs for the hang seng. Cathay pacific certainly one to watch. Spike onned that brief this governmentbacked rescue plan. We come back to earth a little bit. Still seeing shares elevated a little bit. Chinese stocks slightly lower. We missed on the Inflation Numbers. Small caps in china close to 20 higher from those lows we saw. India futures also pointing positive. We are watching the dollar as well. Down for nine of the last 10 sessions. A little bit of exception with the yen, 107. 79. The hong kong dollar still on the stronger side but kyle bass doubling down on his bet against the peg. We will see what kind of demand there is. Offshore renminbi pretty much unchanged right now. Haslinda lets stay with china. Factory prices continue to fall in may. The country continues to deal with the fallout of the coronavirus pandemic. Lets cross to selina wang in beijing. Break down the Inflatio
The nasdaq by 173. There are reports of a new vaccine in the works word of anything setting back the virus is great news. Over the long weekend, people were out summer is around the corner. People are starting to feel that and that is showing up in the market again some big gains the last week of may treasury gains pushing up. 10year up 0. 7 . Right now sitting at 0. 695 . The big news is whats coming from that Biotech Company weve been talking more about. Absolutely. Hope everybody had a great weekend. U. S. Biotech company novavax said it started the first human study. The initial results they are saying in july the marylandbased firm saying upon completion of phase one, phase two will be conducted in several countries include ug the United States. That stock up more than 20 premarket but really giving rise to markets across the board as well as to what becky was saying all of the folk fols out and ab this weekend giving some optimism at least for a period well see. Maybe there is so
Winning streak lets go to bob with more on the market bob. Its a little bit of indeterminent trading. We have been trying to get over the end of april highs we would break out of there and well be to the march. We have been stalled out here. Take a look at the sectors here. You can see in front of you, reits down banks have been drifting lower all month. Consumer staples out performing a little bit now down as much a couple of news announcements the fed niensannounced they wer going to start buying the Corporate Bond etfs. This has been real winner for people who tried to front run the fed anticipating they were going to be doing this up 16 in the last month wells fargo, all sorts of Corporate Bonds. Ge capital bonds are in this thing. The other piece of good news or interesting news is pnc. They own 22 of blackrock. They own i shares. They are selling that whole stake. This is one of the greatest invest ms of all time. They made need it for capital, Capital Improvements overall a lot