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Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten o ....
Plus, tesla, speeding off to, yes, another record high today what the company said about demand that sent shares into overdrive. Later on, break out the sparklers. Were ushering in the fourth of july with some allamerican stock picks. We will start with 4. 8 million reasons to rally thats because thats how many jobs america created for the economy last month, blowing away economist expectations wall street rallied on the report with the s p 500 finishing the day up about. 5 Something Interesting happened in the market today that we dont often see. We had stocks up, bonds up, the u. S. Dollar up, gold up. So, tim, whats up with todays Market Action . Ill talk about what stocks need to move higher. The macro, again, its not necessarily something to do cartwheels in absolute terms, but in relative terms to where we are, weve taken back onethird of jobs lost we had pmis aro ....
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to mo ....
Kron. 4 news at definitely be were going to have to increase prices to cover the costs. Eligible fastfood workers in our state just got a hefty pay raise. Thanks to a new law that took effect today. But not everybody is celebrating that increase. Thanks for joining us on kron. 4 news at 5. Im grant lotus and im noelle bellow. Our Eytan Wallace has all the details and possible impact to consumers. Its officially the law of the land in california. As of today, the new minimum wage for most fast food employees in the state. Is increasing the 20 an hour as mandated by a law signed by governor gavin newsom last year. But i mean coca. Per me this increase is going to be really, really good. Speaking to us in spanish. But he said shes been waiting years to see such an increase, a jack in the box employee at 2 different locations for the last 5 years. She says its been challenging to afford basics in california, especially now that she has ....
Dollar index continuing to climb higher and higher out of the case as well for crude oil. This is the global benchmark. Imax is up as well, over 96 a barrel, real strength in the oil market as we heard the russians and the saudis will continue production cuts at least through the end of the year and also in the last few minutes we learned that United Airlines is issued a nationwide ground stop for all flights due to a computer issue. This is according to abc news and they cite the faa and united for this nationwide founding of all united flights. The shares are down to session lows off of 4. 2 4. 6 . John we will continue to watch. You are talking about the energy trade today and the commitment for some opecplus nations to supply cuts the has few Energy Stocks on the down day for most sectors, but Occidental Petroleum< ....