It is the 32nd time this year the nasdaq has set a record close again. This morning, we are looking at a negative picture this morning, you are looking at red ar owes. S p indicated down by about 16 points everybody is waiting to see. At least right now, 10year looks like it is narrowing to 2. 5 jobs friday today. Forecasters will expect payroll to climb 1. 48 million after june gains shattered expectations a huge number this time around unemployment is expected to drop 10. 6 from 11. 1 from june well take you through 8 30 a. M. When those numbers actually hit. News breaking this morning for those of us in new york city who woke up and thought what just happened. Con edison investigating widespread outages. As an upper westsider, no power there. You lost power . A true black out. We are in 2020, what could go wrong . I looked around and thought, it is so dark what is going on is the nasdaq going to have power. What am i going to do . Here we are middown. You left connecticut to come to
Far, but the lowest number of daily deaths for some time, Governor Cuomo saying 474 people died in new york in the last 24 hours. We have cases surging in italy, singapore, ireland. Treasuryetary of Steven Mnuchin says most of the u. S. Economy will be open by august. I want to bring in our markets reporters taylor riggs. Taylor, what is driving the rebound in particular today . Taylor markets are breathing a sigh of relief. We are waiting for the 480 4 billion stimulus package to go in front of the house. There will be signs of the flattening of the health curve we have been talking about, as well as earnings. Were getting back some of the fundamentals, and Oil Rebounding after six Straight Days of losses, so mark is taking a sigh of relief. Look at the stocks within the chipmakers. Up almost 6 , having one of its best days, the biggest outperformer. A lot of earnings are underway, so getting back to fundamentals of what is driving this market. Two companies in that soft index i want
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