Package. El wanted 500 billion, but the hardliners were said to be pushing for as little as 350 billion. Grants ase amount in opposed to loans that countries like italy, that stricken, would have to pay back. Bloomberg eulling hardliners are ready to accept 390 Million Euros in grants so a deal can be done. A mixed picture for stocks amid a spread in coronavirus cases. Infections hit a daily record as a u. S. Congresswoman calls floridas outbreak out of control. Underways in getting in europe. We will see how the pandemic impacted phillips when we get their earnings and we had to zurich as there is a big week for the banks. Let me just tell you quickly that we have phillips earnings, Second Quarter revenue four point 4 billion euros across the bloomberg, the estimate was for four point 31 so revenue beating the estimate as far as earnings are concerned for philips. The earnings before taxes, philips in the Second Quarter, 418 Million Euros and we were looking for, according to a survey
Housing market the Housing Market has been a strong part of the economy and also boeings 737 max test flight looked like it went pretty well. That stock is up nearly 10 . 59 minutes left if trade. Yeah, helping the dow outperform today coming up on todays show, etsy is major winner at stay at home trade. Shares doubling this year. Well ask Josh Silverman, sooce how theyre using the platform and well talk to larry kudlow about the rise of cases in the United States and the Economic Impact some states including just moments ago new jersey pausing their reopening measures as we stand, the s p 500 is up 1 lets focus on the big stories mike santoli is tracking to days market rally we have the details on gilead which Just Announced pricing for the coronavirus treatment. And julia has the latest on facebooks growing advertising boycotts mike, lets start with you and the broader markets. A tidy little bounce today. Getting back a portion of last weeks losses. Really concentrated on the smaller
Was shot and killed by an Oakland Police officer when he was only 18 years old, it happened in 2012 during a f ase. Noni saide wat in an exchange of gunfire that also injured the o acknowledged that blueford had not fired a gun and that the officer shot his own foot. Protests followed that incident as well. She will be joining us in a little bit but right now supervisor walton is shear with us. Thank you for jing us. Thank you for being me . This Judiciary Committee of Defunding Police departments its a conversation happening across the nation in many big cities, new york, minneapolis, philadelphia and San Francisco. Tell me about the step that you and mayor london breed announced today. So the mayor and i got together and announced actually last night that we are going to redirect resources from the San Francisco Police Department and invest in the black community. When we look at all the work weve been trying to do for reparations and make sure that we address the systemic and system
Quickly after the crisis, as u. S. Jobless claims could hit in even bigger number than last week. And daily fatalities continue to rise in spain and the u. K. , as france proposes an economic rescue fund. Lets get the markets. Sixttle weakness in asia, a percent drop for the s p 500 over the last two days. Futures are positive, though, up over 1 , and european futures pretty much unchanged. Its difficult to look at fundamentals, for where equities go. A lot of people looking at technicals, saying there is a range we could fall into in the next few weeks. Is10 the 10year yield steady, but if we see a renewed selloff in equities could more money move into treasuries . The bloomberg dollar index is steady today with yen weakness. Have we found a floor on oil . We are bouncing back a little above 21 a barrel for wti. Now, a classified u. S. Intelligence report seen by bloomberg says china conceal the extent of the coronavirus outbreak within the country. U. S. Officials suggest beijing int
Liberal democraticic party poli chief discussed the situation on friday. The plan is to provide about 2,800 to households whose income has fallen to a certain level. Translator i emphahasize th speed is importantnt and that t money must b be provided quickl. The handout is part of the governments emergency economic package which is expected to be finalized next week. The Central Government has yet to declare a state of emergency but says it will if theres a serious threat to Public Health and the economy. Tokyo governor koike yuriko says that will give her city greater power to fight the virus. Transnstor we w would ask residents to stay at home based on the special measures law. We would also ask facility operators and event organizers to restrict or suspend the use of venues for public events. Koike said Stores Selling food, medicine, and other daily necessities would remamain ope. Along with banks, the stock exchange, and other essential services. Koike once again asked people to re