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July 16, 2024
I have to go to the gossip of london. We will get to oil with jim caron in a moment. Why does the sunday times go after the Prime Minister of the United Kingdom when he is just out of the hospital bed . That is a very good question. First of all, lets remember the sunday times and of good the times were huge supporters of mr. Johnson. There is a feeling that the fact the Prime Minister got sick maybe gave him a free pass in how he handled the situation. There are two schools of thought. One thin...
July 16, 2024
Committee on Small Business member states, hearing on response, we had a hard stop, we could move as quickly as we can and could not accommodate every member in person today and we are accepting statements until thursday april 30th. Today is a chance for the committee to hear directly from members of congress about thoughts on the covid19 response for the next package to Small Business issues for the committee of jurisdiction. I would like to remind everyone we are practicing social distancing a...
July 16, 2024
Friend. Were watching that very closely. Were keeping close eye on washington. Were focused on capitol hill. The house taking up the stimulus measure, relief measure, whatever you want to call it, to the tune of 484 billion. Now the house physically there, in person, some Wearing Masks to make sure they get this done. Lets get the latest from chad pergram, how this will all sort of fan out. Chad . Reporter hey there, neil. This is the debate. They started 15 minutes ago on this bill, about 324 b...
July 16, 2024
Actually voting on a select committee to oversee the money for the cares act. That vote coming up next on that, adding money to the Payroll Protection Program. At this moment right now there will be nine waves of voting because of social distancing as lawmakers will file through to do their vote on this. The aid package, the 3. 5 as it is called, aid package is expected to pass. Then it will end up at the white house later on tonight. This package will add 321 billion to the payroll protection p...
July 16, 2024
Today. No reports of injuries. Stay at home orders remain in effect, and the contagion continues to worsen. As of this hour the chinese coronavirus labeled covid19 has affected 856,000 americans and killed 47,000 more. This as the Left Wing National Media once again pushing headlines that dont match stories. The Financial Times using leaked data from the World Health Organization to report that gileads drug remdesivir flopped in its first trial. The headline had investigators selling on wall str...
July 16, 2024
We have three markets. Maybe even more. After a day where the dow advanced 39 points, s p declined. 05 , nasdaq did one point, i want you to forget about the averages for a second or a week or a year or until the end of the pandemic. Thanks to the onslaught of the coronavirus, something that no ones ever seen, were seeing Something Else thats incredible not just the complete untethering of main street from wall street, but the disentangling of even small publicly traded companies and medium size...
July 16, 2024
You. Lauren you know what . There is a lot going on today, wall street, bottom line, connell is reacting to the reality march is prequel for april and the numbers will get worse. Lets start this morning, retail sales last month, they plummeted the most on record even though stores were actually open in the first half of the month. The National Retail federation expecting more than six million jobs lost. Look at some reaction. Jcpenney now exploring bankruptcy. Best buy furloughing 51,000 workers...
July 16, 2024
Is this the beginning of the beginning of the end have we finally found a way to contain the pandemic today we got some very encouraging data from gilead on remdesivir, their powerful antiviral drug which helps people recover from severe cases of covid19 a lot faster were talking in and out of the hospital 11 days instead of 15 with the placebo a strong reduction in mortality rate thats been up for debate. May not sound huge, but results were so compelling that the doctors had to stop the Clinic...
July 16, 2024
Many citizens are demanding an end to stayathome orders right now. Well have the very latest on this revolt. One country, south korea seems to be doing right. All that and so much more on making money. Charles all right. Stocks under pressure all day long but it is crude oil the center of attention, folks. The may contract down 98 , a record low. On friday, Energy Companies ironically they were the biggest gainers in the entire market even though crude was down we had a great guest on, a oil exe...
July 16, 2024
One tornado hit parts of georgia today. No reports of injuries. Stay at home orders remain in effect, and the contagion continues to worsen. As of this hour the chinese coronavirus labeled covid19 has affected 856,000 americans and killed 47,000 more. This as the Left Wing National Media once again pushing headlines that dont match stories. The Financial Times using leaked data from the World Health Organization to report that gileads drug remdesivir flopped in its first trial. The headline had ...