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We are back with images showing just one of several fastmoving wildfires burning in arizona right now. Thousands of people have been evacuated and several highways are either fully or partially closed. So far no structures have been damaged, but flames have scorched more than 300 square miles. As we officially head into summer tomorrow, several states are reporting soaring Coronavirus Infection rates. 20 states are seeing increasing numbers of new virus cases. 18 have growing rates of hospitalizations. California is among the states that just set a daily record for new cases. That forced gover...

3. 5 . The s p, a similar gain, about 2. 5 there. And the nasdaq composite up just with over 2 . That is clearly a rally. Helped by the Federal Reserves bond purchases, thats money printing, a report from bloomberg on a possible trillion dollar plan for bridges, roads and 5g access in rural areas, thats the stimulus plan, a new one. Also helping, really helping, news from an Oxford University study, a breakthrough in the treatment of the virus using steroids. It significantly reduced mortality. We also have the rapid opening up of businesses all across the country and maybe an improvement in u...

Jackie deangelis in the newsroom and Edward Lawrence in washington. Lets kick it off with jackie on todays market rally. Jackie. Reporter good afternoon, melissa. Stocks were slightly higher on the blowout retail sales report in may, an increase of 17. 7 , the biggest monthly increase. Aprils sharp decline was revised lower this is good news as states are reopening and economy is getting up and running, there does appear to be a lot of pentup demand from folks not shopping while they were unlockdown orders but buyer beware. As you said in beijing, another lockdown after a cloughster of new cor...

Me it is my belief that the only thing that we have to fear is fear itself. By the time Franklin Roosevelt gives his march 1933 inaugural speech, almost a quarter of the nation is unemployed. More than 5,000 banks have failed and drought is persisting in key agricultural areas of the country. People must have faith. Coming up in the next hour, stories from the Great Depression as we take you to places like toledo and then in 1931 five of the six largest banks all failed at the same time which made it the largest banking failure of the Great Depression. To successful infrastructure of the times...

Plunges and a financial panic gripped the world. This land is your land this land is my land from california to the New York Island i have but one desire, and that is to see my country again on the road to prosperity. This land was made for you and me let me assert my firm belief that the only thing we have to fear is fear itself. By the time Franklin Roosevelt gives his march 1933 inaugural speech, almost a quarter of the nation is unemployed. More than 5,000 banks have failed and drought is persisting in key agricultural areas of the country. Coming up in the next hour, stories from the Grea...