Precinct yes, that is the same as the c. H. O. P. Protest precinct. At least two people were arrested, a dozen Police Officers were injured, one of them hospitalized. And in portland there have now been 53 straight nights of demonstrations and riots downtown. Federal officers once again had to use tear gas and force to break up the lawless mob of antifa and black lives matter rioters. President trump today vowed to send more federal officers, more federal agents to deal with the unrest and violence in the pacific northwest. Were sending Law Enforcement. Portland is totally out of control. They were ripping down for 51 days ripping down that city, destroying the city, looting it. And they really have done a fantastic job in a very short period of time. No problem. They grab em, a lot of people in jail. These are anarchists, these are not protesters. These people are anarchists. These are people that hate our country. And were not going to let it go forward. Lou portlands radical dem act
And clouds as Steve Paulson has been telling us all morning long, nice, cooler weather. And sometimes it makes comfort foods even more appetizing we are celebrating one of americas favorite comfort foods today, National Mac Cheese day. In honor of the occasion there are Companies Offering special deals on twitter and stauffer is offering 10 lucky winners 10 free mac cheese products, check out their giveaway treat and noodles and company is offering awards members of free small bowl of mac cheese with the purchase of any regular entrce. Mike i will start with you, during this pandemic and even before mac cheese is a staple in the household and it is good comfort food. Kids usually like it, i know you are picky eater so are you a fan . Yeah i am definitely a picky eater though i have been opening up my palate more. I will say this, we have the craft mac cheese and they come in the many bowls and you put water and like a minute 30 in the microwave, they will not always finish them and ill
Employees who have been out of work now for months. The Second Quarter Gross Domestic Product plummeted 32. 9 between april and june. Thats almost a full third and its the sharpest decline we have seen in u. S. History. The drop in gdp is nearly 4 times worse than it was at the peak of the financial crisis in the Fourth Quarter of 2008 the previous record was 10 in the First Quarter of 1958. Turning over to the stock market and see how stocks are reacting to this dire news. The dow jones is down by almost 200 points, just a little bit more than that right now. S p is suffering a loss of not quite one half of 1 . The nasdaq is the only right spot if you count the addition of 52 points. Nasdaq is up by one half of 1 . You can see stocks mostly regained their footing after a very steep drop at the opening bell and after we got that labor news. Californias jobless claims were down last week despite a nationwide increase. Our state reported 249,000 workers filed firsttime claims during the
Ruling upholds congresss authority to conduct oversight of the president is not above the law so i think one is with the center for american progress. He says the ruling is a mixed bag congress can subpoena. These type of records. But ultimately they remanded the case and told the lower courts to apply a fourpart test and was says that decision is a blow to president ial accountability but in a related case, the court ruled in new york state prosecutor has a right to see the president s finances criminal investigation against him. Can proceed. And the new york grand jury just like in any case involving any citizen. Can subpoena evidence and a statement manhattans district attorneys praised the ruling saying this is a tremendous victory for our nation system of justice President Trump said. This is all a political prosecution political witch reporting in washington, im morgan wright. President trumps former lawyer Michael Cohen is back in prison after violating the terms of his covid19
New claims actually rose. And 17 Million People are still drawing Unemployment Benefits. I believe thats a negative for the overall market. Get to that in a second. Look at this. Amazon, apple, google, facebook, the day after the top executives took a pounding from the politicians, these stocks went up during those hearings. They are down in preMarket Action this morning. Hold on. All four of these giants will report their earnings later this afternoon. This is big techs big day. My opinion, these Companies Need blowout numbers to sustain their very lofty stock prices. Watch it unfold at 4 00 this afternoon on this network. Overall, i got a lot of red ink to show you. The dow is looking for a loss of over 300 points, down maybe 40 for the s p and off 131 on the nasdaq. Heres one of the negatives thats hurting the market. Emergency virus relief. It runs out in 24 hours. Congress is divided over how to replace it or extend it. Investors want more stimulus but theyre not sure they are goi