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Markets looking to start the week to the upside. Futures inching higher this morning take a look there. The dow jones up about 71 points the nasdaq up about 63, and the s p 500 indicated higher by just about 10 points. This after markets finished a little change on friday. Retail, of course, and focus this week earnings expected from heavy hitters including walmart home depot lohse and target fighting back former mcdonalds ceo steve easter brook is slamming lawsuit from the company over his severance his defense later this hour. And heat wave, brutal temperatures hit the west, threatening the power grid in california. Plus, the state of travel airports bracing for a whole new world of changes at checkin what you need to know before heading to the airport. Mornings with maria is live right now. And were taking a look at the european markets edging higher as well. Take a look there the ftse higher and now investors are keeping the focus on travel restrictions, and u. S. China trade tensi ....
A pass from House Republicans, while congresswoman liz cheney had to fight back a challenge for her leadership post. Cheney more than survived, but the question is, whats next for Marjorie Taylor greene . Plus, new remarks from President Biden on his nearly 2 trillion Economic Relief proposal. He says he wants a bipartisan bill, but the question is, what is he willing to compromise . And democrats won control of the Senate Two Weeks ago, but they are just now taking control of the committees. The question is, how long before we finally see Confirmation Hearings for key Cabinet Posts like ....
There are two parts to the story here. The first is the spike in coronavirus cases which the market seems to be shrugging off. But the second part is stimulus, extension of the ppp program. Which is more important right now. At least when it comes to investors. I think the shrugging off part is the most important. Investors saying no matter what happens with the coronavirus well not go back into lockdown and number two, the ppp and other stimulus measures will over the past several months help dampen the blow lets say. Jackie right. Sometimes the markets can be spot on sort of looking forward. You mentioned the fact they think no more shutdowns. Well continue to recover. The economy is going to reopen slowly but surely. Sometimes the markets will get it wrong. What if there is an unforeseen event here . What if the young people that are contracting the virus do potentially spread it to the more vulnerable and older populations . What if the market is miscalculating adam . I dont think ....
And Lauren Simonetti is watching the markets. Lets start with blake with the latest from the white house. Reporter hi, there. There is a debate taking place in washington up on capitol hill about the future of the 600 federal uninsurance benefit that came about during the cares act. We will give you a live look right now at the Senate Finance committee, the labor secretary Eugene Scalia testifying there. Republicans and the white house argued that benefit has become a hindrance for businesses since some people are actually making more money on unemployment. Democrats, though, are making the argument to republicans saying how can you say more people are coming back into the work force, yet this is also a hindrance . They are saying that doesnt really work hand in hand. They are also saying that this 600 plusup should con ....