Good morning. I am kasie hunt on this thursday, june 24th. Well start with the news. There appears to be a long awaited break threw on bipartisan infrastructure talks. Specifics of the deal, including how it will be paid for, have not been released, but lawmakers seemed optimistic as they left a closed door meeting with officials last night. Republicans and democrats have come together along with the white house, and weve agreed on a framework, and were going to be heading to the white house tomorrow. Meanwhile white house officials also met with House Speaker nancy pelosi and Chuck Schumer yesterday. Democrats are considering two ways to pass their Infrastructure Priorities with or without republican support. We had a very good meeting we got into quite a bit of detail. Were all on the same page. Both tracks, the bipartisan track and the Budget Reconciliation Track are proceeding at pace, and we hope to have voting on both them in the house and the senate in july. The bottom line, the
Return especially in texas is a factor. Now look at this. Five stocks at or near record levels. Apple, microsoft, google, facebook. What you are looking at is premarket prices. I see apple and amazon up again. Not much of a selloff in the other three. Facebo facebook, google and microsoft, after yesterdays stellar performance. Put together, these five make up 22 of the s p 500. Now, that is dominance. The news from the street this morning. It is not good. In atlanta, armed men took over a small area and refused to let the police in. In wisconsin, a state senator beaten when he took a photo of demonstrators. In our Nations Capital, the flag burned by a cheering mob. Varney company is about to begin. Stuart a political bombshell is unfolding. Longtime democrat congressman of new york, elliot engel, is fighting for his political life. The 16term incumbent is trailing by double digits against a progressive. He received the full support of congresswoman alexandria ocasiocortez. Engel was su
Apple have shut a number of Stores Across the country. Microsoft shutting all of its Retail Stores today. Joining us break it down is Abigail Doolittle who has been following all of the action by a rough day for stocks. This virus is really starting to weigh on investors. What do you see . Abigail stocks are lower in the selling pressure never relented. We have stocks responding to data as it comes out with the big drop on the data from the u. S. The nasdaq and s p down. Confirming the risk off, the fact that haven bonds rallied once again. We will bring welcome to the picture. Investors want out of risk. This week, they are not tiptoeing, they are running out of these risk assets on fears , perhapsaps the virus this is the first wave. That it could hurt the u. S. Economy. Emily you have been talking about havens rising as stocks have been down. What would you point out . Abigail it feels as though this week is new in terms of this risk off. And wednesday, we had a big down day and a b
Happen this fall particularly as restrictions loosened and students return to school so far shelterinplace orders have slow the spread but what will happen as we all start to open back up again for sale of a sack a top to a u c berkeley professor about the possibility of a false alert. So taylor whats the prediction. Well, pam of course, no one knows for sure, but John Swartzberg whos an Infectious Disease. Professor at u c berkeley predicts that october will be arm our worst month for several reasons. Possible that over the summer were going to see things are going us it may be gradually increased its interim and it. Then. Schools get a start in the end of august. Not just kids for 12 universities. After months of that. Things will explode John Swartzberg is an Infectious Disease professor at u c berkeley. Well, he says there are several scenarios of what could happen seen a fall surge of coronavirus cases in october is very likely. Is the economy opens up restrictions loosen and stud
Rather have that than it being more for today tomorrow still 2 more days of this heat wave ahead of us so yes, Power Outages today. I think those of us that having seen youre going want to use it you dont have ac well i hope you had a good plan yesterday to get cool, you might want to do that yet again this after went outside of berkeley right here skies are Crystal Clear and we do have heat advisories and peach and excessive heat warnings same exact places theyve been the past couple of days now, and they wont remain in effect through 07 00pm tomorrow which is when our heat wave officially ends before it cooler weekend now today will be a touch cooler in part due to increased sea breeze helping to draw on some cool coastal air youre actually seeing a touch of fog at times right along the coast in San Francisco today, a sign of that cooler marine air thats trying to push and today, its really not going to make it past berkeley and oakland out, but its going to help to result in a sligh