July 5, 2020
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5 Things to Know Before Opening the Stock Market Monday

5 Things to Know Before Opening the Stock Market Monday

AliExpress WW

1. Stock Futures Rise With US Coronavirus Incidence

Dow is experiencing a three-session streak of failures in the new trading week, when the number of cases of coronavirus in the US and around the world is growing. The S & P 500 on Friday lost 18 points in its second negative session in the past three. However, Nasdaq earned 3 points on Friday, increasing the number of wins to six. Over the week, the Dow and S & P 500 grew by 1% and almost 1.9%, respectively. Nasdaq was a big winner, up 3.7% last week.

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2. In New York, you can dine al fresco, shop at the store and make a haircut

People look at the Manhattan skyline before watching a movie at the Skyline Drive-In NYC cinema on June 16, 2020 in the Brooklyn area of ​​New York against the backdrop of a new coronavirus pandemic.

Angela Weiss | AFP | Getty images

3. China suspends chicken imports from Tyson’s Arkansas factory

Tyson Foods Inc., a sign at Tyson’s headquarters in Springdale, Ark.

April L. Brown | AP

China has suspended imports of chicken from the Tyson Foods factory in Springdale, Arkansas, citing coronavirus infections among workers. Tyson said he was considering the issue, but added that he was confident that the company’s products are safe. Last week, Chinese officials began testing coronavirus meat, seafood and fresh foods Beijing saw a cluster case traced to the vast Xinfadi fresh food market, near the capital of China. On Sunday, testing of 20 million Beijing residents continued. City officials said they could check almost 1 million people a day.

4. Trump doubles his views on coronavirus testing

President Donald Trump tweeted early Monday that coronavirus testing in the US is “much better” and “so much advanced that it makes us look like we have more cases, especially in proportion than in other countries.”

At a rally in Tulsa, Oklahoma, on Saturday, Trump criticized for asking his administration to slow down coronavirus checks because reliable testing detects too many infections.

A supporter sits at the top of the campaign for U.S. President Donald Trump at the BOK Center on June 20, 2020 in Tulsa, Oklahoma.

Win by McNami | Getty images

White House officials later insisted that the president was “clearly joking.” The rally attracted far fewer visitors than expected, with teens on tiktok take a loan to secure a reservation in case they never intended to use it.

5. Two Imbroglios for the Trump administration

Jeffrey Berman, US Attorney for the Southern District of New York, speaks at a press conference on October 10, 2019 in New York.

Johannes Eisel | AFP | Getty images

Confrontation for the independence of one of the most important federal prosecutors in the country ended in Jeffrey Berman agreeing to resign Saturday as a U.S. lawyer in the Southern District of New York. Berman’s office was investigated by Trump’s personal lawyer, Rudolph Giuliani. Attorney General William Barr said Jay Clayton, chairman of the Securities and Exchange Commission, was elected in place of Berman, but agreed to name his own deputy attorney Audrey Strauss, as an interim leader.

In another film, former National Security Advisor John Bolton told ABC News that Trump’s decision making is “Danger for the republic.” The interrogation took place Sunday evening, the day after a federal judge rejected a request from the Department of Justice to stop selling and distributing Bolton’s book, which is scheduled for release on Tuesday. However, the Saturday ruling was far from Bolton’s total victory, as the judge suggested that Bolton violated his employment contract.

The Associated Press and Reuters contributed to this report.

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