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Platform, facebook shares are plunges as the cash cow of an advertising machine takes a public hit dow is down 750 coming up on todays show, a recession unlike any weve seen before the imf shocking the Investment Community with a huge negative revision to the forecast we have an exclusive interview with the managing director of the imf. You do not want to miss that lets focus in on the big stories with 59 minutes left of trading. Mike santoli following the plunge phil lebeau tracking the fall in Airline Stocks the ceos meet at the white house today. And meg terrell has the surge in coronavirus cases and rethinking of the reopenings happening across the country lets start with you, mike, on the selloff. What are you seeing . Well, sarah remember back in february, march, almost every friday it seems like the market backed off. A little nervous what might come over the wee ....
World hes going to change the world in his unit the civil rights leader reverend al sharpton directed his anger at the highest levels of government you see it now trying to figure out how you will stop the protest rather than how you will stop the brutality you calling your cabinet in trying to figure out has got to affect your vote rather than has going to affect our lives. Use statement on how you cant stand a star or a rabbit then you can achieve justice wickedness and have racists. But peaceful protests continue across the country too on a george floyd people are also calling for cuts to Police Budgets and to systemic racism in new york senators have repeal them nor that kept officers disappearing records from the public as on that was with demonstrators in the u. S. These are truly extra ordinary scenes thousands of protesters that are right now walking over the Brooklyn Br ....
The mother daughter doctor doctor story will have you smiling. Early today starts now welcome to the week. Im philip mena. And im Frances Rivera. Atlanta is in the National Spotlight after a Police Confrontation turned deadly this weekend. A medical examiner ruled the death of Rayshard Brooks a homicide the 27yearold was shot twice friday night while police were chasing him in a wendys parking lot. It sparked a weekend of protests nationwide the wendys where it happened was set on fire. Police are offering 10,000 for any tips leading to the suspect. Nbcs Jennifer Johnson has the latest reporter new protests and wendys set on fire after an Atlanta ....
Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down ....
In times of crisis, and with the dow plummeting another 1338 points, s p plunging 5. 8 and nasdaq down 7. 0 were in a doozie of a crisis you simply could not do enough to help make things better our government should always error on the side of doing too much in these situations because you dont beat a pandemic by thinking small not unless you get very, very lucky. So far we weve been about as unlucky as it gets everything is going wrong at once in terms of being constructive let me tell you what i think needs to happen to stop the tsunami of selling in your stocks in your portfolio when i say we need to think big, i mean huge, it was terrific to see a bill pass the senate with massive bipartisan supreme copo that help the cause. The government has said that bars and restaurants should close down payrolls a payrolls hotels, airlines 59 billion, all jobs are in danger and many are already gone we need to write checks directly to the workers we cant afford to tear the fabric of society b ....