5 00 right now. Covid cases in a nationwide surge. This map shows much of the midwest covered in red meaning a widespread number of new cases. Dark orange shows a significant surge. Thats most of the east coast along with parts of texas which just hit 1 million cases. California a lighter orange but cases here are also on the rise. The cdc has put out its strongest guidance yet on mask wearing citing growing evidence a mask can help protect a person wearing it. The cdc says adopting universal mask wearing policies could help future help prevent future lockdowns. As San Francisco struggles to get ahead of rising covid cases, leaders reopening rolling back plans. Today in the bays Cierra Johnson is live in San Francisco to explain why the city is hardly alone here when it comes to new concerns and confusion, cierra. Reporter yes, good morning. Mayor london breed made that announcement shes pausing some of that reopening, and that includes halting the reopening of indoor learning for high
Amazon, the latest in the eu cross hairs, facing a probe over possible anticompetitive Business Practices. Plus, ralph lauren and le le strauss in the red, both downgraded to sell at Goldman Sachs. And a tariff fueled strategy shift. Apple reportedly set to begin trial production of air pods outside of china and into vietnam. Another case of big tech under International Scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. European competition commissioner margaret says based on the commissions preliminary fact finding, amazon appears to use competitively Sensitive Information about marketplace sellers, products and transactions on the marketplace and response amazon issued a statement saying, quote, we will cooperate fully with the European Commission and continue working hard to support businesses of all size and help them grow. This is the last thing some of these companies i would point out that they just brought an agreement with
Recall for the model x a couple hours ago. How the bad news could impact the musk empire. Netflix set to increase prices for about 17 million users with increasing competition in the space. This music is killing me here. Can the streaming giant keep Pricing Power . Thats the question well debate here on closing bell. I think we should keep it going the whole time . Why not, sure. Goldman sachs getting hit with a 5 billion fine. Eric sneiderman will join us after the bell and those goldman shares rallying on the hopes that the last few of these remaining settlements we are seeing in the past just as were coming up on earnings season. Where does all that money go . Thats the question well be asking, 210 billion, i think Something Like that at this point. So far, exactly. From these fines and settlements, lets get right to the unexpected meeting between president obama and janet yellen with her thoughts, from the washington post, ylan, good to see you. What are they discussing . Reporter
Week low at this point. Up by about 1 . It looked like they were headed back to 50 and thats been given up over the last couple of weeks. We do have a special lineup of guests ready to tackle all things energy. Hess ceo john hess and christopher crane. Plus the president and chief operator officer of Royal Caribbean cruises. And then later, Southwest Airlines chairman and Ceo Gary Kelly. Theyre set to post Quarterly Results later this hour. Well talk to him about the results and what he sees ahead with the Energy Picture as well. Lets tell you about whats going on today. A couple of stories were watching this morning. Ecb meeting right now. Policy decision due around 7 45 eastern time. That will be followed up by a News Conference by president mario tr mario draghi. Economists say its likely the ecb will keep the door open for more monetary policy. Earnings once again the big focus is the market. Before the bell well be hearing from caterpillar, mcdonalds, dow chemical and many others.
Them out of educating consumers they are unable to be objective and there are a lot of marketing messages in the education that they do with doctors through continuing medical education which is required for most physicians or through disease awareness initiatives aimed at other consumers or Health Care Providers either consumers or Health Care Providers. There is a lot of distortion that happens because of the pharmaceutical industry and we need to make sure that the information that Health Care Providers and consumers have is accurate. We will never get that from pharmaceutical companies. Brian why not . Dr. Fughberman they are legally obligated to represent interests of their shareholders and as much or as they try to pretend that they are in a partnership with physicians and Health Care Providers and they are on the same side in terms of helping patients, they are really quite different. Pharmaceutical companies are legally required to represent the best interests of shareholders a