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Yahoo Finance’s Rick Newman joins Kristin Myers to discuss the latest stimulus developments, and more.

Latest Stories

  • NI must not return to ‘dark place of sectarian murders and political discord’

    Irish premier Micheal Martin made the comments on Saturday, the 23rd anniversary of the Good Friday Agreement, after another night of violence.

  • For Black journalists, working Chauvin trial drains emotions

    NEW YORK — At the end of a stressful day, Sara Sidner seeks the friendly wag of a dog's tail. Shaquille Brewster turns to sports on TV, and Julia Jenae talks things out with colleagues. Each is covering one of the nation's biggest stories, the murder trial of former Minneapolis police Officer Derek Chauvin. Each is also a Black journalist, reporting on an issue of great racial significance and forced — as part of their jobs — to watch video of George Floyd's life ending again and again. “You really feel the consequences of it,” said Brewster, who at age 28 is delivering repeated reports on NBC News and MSNBC programs. The National Association of Black Journalists has taken note of the assignment's potential difficulties, calling on news organizations to make resources available to help employees cope. Reporters covering the trial may be susceptible to trauma tied to their own experiences or previous stories about encounters between police and Black people, said Dorothy Tucker, NABJ president. For some of the Black journalists covering the trial, it is important to bear witness. “I had zero trepidation,” said CNN's Sidner. “In fact, I felt it was my absolute duty to do this.” The Los Angeles-based Sidner covered the story soon after it broke last May and wants to see it through — even though it will never really end for the people involved or touched by it. Whenever Court TV’s Janae travels to Minneapolis from her network’s Atlanta headquarters to cover the case, she purposely visits the street corner where Floyd, a Black man, declared dead after the white police officer’s knee was pressed to his neck for more than 9 minutes. She’s covered many trials but said the magnitude is different this time. “I think people want to see a diversity of people covering this story because racial equality is at the heart of it — the heart of the unrest and the heart of what pained people so much,” Janae said. The journalists not only watch videos of Floyd's death during the trial, they've had to study them. Before the trial, Brewster watched to count how many times Floyd said “I can't breathe,” how many times he called "Mama'' and how long Chauvin's knee was on Floyd's neck. For the most part, they go into reporter mode, concentrating on observing and figuring out what the day's story is going to be. Mel Reeves, a reporter for the Minnesota Spokesman-Recorder, dismissed as “superfluous” a question about his feelings while covering the trial. “I guess I have sort of compartmentalized what is happening,” said Brandt Williams, reporter for Minneapolis Public Radio. “It's like when a first responder comes across a scene that is bloody. You can set aside your feelings and do your job.” Still, Sidner confessed on Twitter that “I'm a wreck y'all” on the day witness Charles McMillian cried on the stand when recalling Floyd's death. Not everyone can watch. CNN commentator Nia-Malika Henderson, who is not covering the trial, wrote that she avoids it in part because it reminds her of when her mother cried about the Rodney King verdict. Henderson confessed she's never seen the Floyd video. The Poynter Institute, a journalism think-tank , noted recently that mental health experts say repeated exposure to such disturbing scenes can be devastating. Journalists need to be reminded this also applies to them, “maybe especially to you,” and be able to recognize signs of trouble, Poynter said. “Regardless of the arguments about how he died, you're still watching someone die,” Jenae said. “As humans, that's hard on anyone.” MPR's Williams noted another sort of compartmentalizing that most white journalists on the story can't relate to. “I know it's always a possibility that I could be one of those men winding up in a video at the hands of an officer, but it's not at the forefront of my mind,” he said. A few months ago, Jenae said a viewer complimented her on conducting a fair interview with the brother of Thomas Lane, another former Minneapolis police officer who was fired after being on the scene the day of Floyd's death. The remark would have insulted her when she was younger, she said. Why wouldn't she conduct a fair interview? Because she's Black and Lane and his brother were white? Skin colour was going to determine whether or not she could do her job? Instead, she accepted it as an expression of empathy. “What I hear most from viewers is they appreciate that it must be difficult to cover it as an unbiased journalist,” Jenae said. If he has any bias, it's to make sure that Black people are portrayed as the complex, multi-faceted people they are, much more than the tropes that often show up in popular media, Williams said. “I've always focused on letting my work speak for itself,” he said. Reeves, whose newspaper is aimed at a Black audience, describes himself as an activist and doesn't pretend to be unbiased. His dispatch the day of McMillian's testimony read, “If the trial of Derek Chauvin ... was a sporting contest with the score kept at the day's end, the score would be witnesses and Black progressive humanity, one. Chauvin and the system of policing, zero.” He said his audience simply wants to see an end to police abuse. “I'm writing from that perspective,” he said, “the people who are getting brutalized, who are catching hell and who have no confidence that this trial — despite how it looks like now and despite all the points the prosecution is making — they have no confidence that Chauvin will go to jail. That's our reality.” Sidner said her Twitter feed has become a forum for viewers to debate the case. It hasn’t been abusive, except for one person who called her an “enemy of the people” because he disagreed with her analysis, she said. At the end of the day, the journalists want to turn off the news. Brewster wants to laugh with friends, “because I realize I haven't had anything to laugh about that day.” And those dogs that Sidner looks for to pet? It's to remind her that there is such a thing as unconditional love, she said. ___ Find AP’s full coverage of the death of George Floyd at: https://apnews.com/hub/death-of-george-floyd David Bauder, The Associated Press

  • WWE enters the NFT arena ahead of WrestleMania 37, offering digital tokens in tiered packages

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  • BBC flooded with complaints over Prince Philip death coverage

    BBC flooded with complaints over Prince Philip death coverageCorporation opened dedicated complaints form on its website to deal with high volume of comments The BBC curtailed dozens of broadcasts on Friday, taking the nation’s most popular television and radio channels off air. Photograph: Anthony Devlin/PA

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  • Stuart Dallas hits last-minute winner as 10-man Leeds shock Manchester City

    Dallas scored his second goal of the game in injury time.

  • Explosions in two Somalia cities kill at least 5

    A suicide bomber detonated his explosives outside a cafe in Somalia's city of Baidoa on Saturday, killing at least four people and wounding more than six others, police said. The bomber was targeting the Bay region governor, Ali Wardhere, who was outside the Suez Cafeteria, officials reported. “The explosion which was heard all around the town of Baidoa has terrorized the people and had created a momentary confusion,” said Amin Maddey, who witnessed the explosion and spoke to The Associated Press by telephone.

  • Family and friends supporting the Queen in her time of grief

    The Queen’s children have been visiting her at Windsor Castle.

  • Unifor calls on City of Thunder Bay to break impasse to avoid paramedic strike

    Unifor is calling on the City of Thunder Bay to break the impasse in contract negotiations to avoid a paramedic strike just hours away at midnight.

  • Taoiseach says Northern Ireland must not ‘spiral back to dark place’

    Taoiseach says Northern Ireland must not ‘spiral back to dark place’On 23rd anniversary of Good Friday agreement, Martin says onus on political leaders ‘to step forward’ Nationalists and loyalists clash at Lanark Way in west Belfast, Northern Ireland. Photograph: Peter Morrison/AP

  • Gigi and Bella Hadid Took Baby Khai on a Casual Walk in New York City

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  • World Bank commits $2bn for vaccines in developing nations

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  • Senate filibuster's racist past fuels arguments for its end

    WASHINGTON — Once obscure, the Senate filibuster is coming under fresh scrutiny not only because of the enormous power it gives a single senator to halt President Joe Biden’s agenda, but as a tool historically used for racism. Senators and those advocating for changes to the practice say the procedure that allows endless debate is hardly what the founders intended, but rather a Jim Crow-relic whose time is up. Among the most vivid examples, they point to landmark filibusters including Strom Thurmond's 24-hour speech against a 1957 Civil Rights bill, as ways it has been used to stall changes. The debate ahead is no longer just academic, but one that could make or break Biden's agenda in the split 50-50 Senate. Carrying echoes of that earlier Civil Rights era, the Senate is poised to consider a sweeping elections and voting rights bill that has been approved by House Democrats but is running into a Senate Republican filibuster. In a letter Friday, nearly 150 groups called on the Senate to eliminate the filibuster, saying the matter takes on fresh urgency after passage of more restrictive new elections law in Georgia, which could be undone by the pending “For the People” act that's before Congress. “The filibuster has a long history of being used to block voting rights, civil rights, and democracy-protecting bills,” said Fix our Senate and a roster of leading progressive and advocacy groups focused on gun control, climate change, immigration and other issues. “Senate Democrats will soon face a choice: Protect our democracy and pass the For the People Act, or protect the filibuster — an outdated and abused ‘Jim Crow relic’ that deserves to be tossed into the dustbin of history." The pressure is mounting on Senate Majority Leader Chuck Schumer and the Democrats as time ticks on Biden's priorities. With the narrow Senate and the Democrats holding just a slim majority in the House, it's clear that Republicans will be able to easily block bills from passing Congress, which they plan to do. Senate Republican leader Mitch McConnell recently declared it “fake history” to suggest a racial component to the filibuster practice. In a Senate speech, McConnell recalled times the filibuster was used by both parties, including just last year when Democrats were in the minority and used it to block other bills. “It’s not a racist relic,” McConnell said. Established almost by accident in a way that allows unlimited debate, the filibuster practice dots early congressional history, but entered the lexicon on the eve of the Civil War. By the early 20th century, it was used to block anti-lynching bills but became more widely used in recent years, sharpened as a procedural weapon to grind any action to a halt in the Senate. To overcome a filibuster takes 60 votes, but some Democratic senators have proposed lowering that threshold to 51 votes, as has been done to allow approval of executive and judicial nominees. Senate Democrats hold the slim majority this session because under the Constitution, the Vice-President, Democrat Kamala Harris, can cast the tie-breaking vote. The filibuster rules have been changed before. In 2013, the Senate, under then-Democratic leader Harry Reid of Nevada, lowered the threshold to 51 votes for some executive nominees. McConnell himself went further when Republicans were in the majority, stunning Washington when he manoeuvred the Senate to lower it to 51 for Supreme Court nominees, enabling Republicans to install three of Donald Trump’s high court judicial picks over Democratic objections. The top-ranking Black member of Congress, House Majority Whip James Clyburn, warned senators recently that he would not be quiet if they used the filibuster to halt action on raising the minimum wage and other Democratic priorities. “We’re not just going to give in to these arcane methods of denying progress,” the South Carolina Democrat said, hearkening back to Thurmond's speech. But it would take all Democrats to agree to change the rules, and some centrists, including Sen. Joe Manchin, D-W.Va., are not on board. "There is no circumstance in which I will vote to eliminate or weaken the filibuster," he wrote in a recent op-ed. Manchin has received as much attention as any other senator as the White House conducts outreach to Congress. Biden has spoken to him several times, and he’s also received calls from other senior officials including White House chief of staff Ron Klain. Biden advisors have long known that he would express reluctance to overhaul the filibuster. And Manchin is not alone — as many as 10 Democratic senators have been wary of changing the filibuster practice. The president and White House aides have also spoken to Sen. Kyrsten Sinema, D-Ariz., and Sen. Chris Coons, D-Del., among others, according to advisors. The administration's pitch to all the senators, including Manchin, has framed the moment as one that calls for drastic action, including a need to uphold voting rights in the face of legislation they believe can be considered racist. Harvard Law professor Michael Klarman said while the filibuster may not in itself be racist, it certainly has been used that way in the past — as well as in the present. “There’s nothing partisan about saying the filibuster has mostly been used for racist reasons, I think everybody would agree that that’s true,” he said. The election legislation coming before the Senate will become a test case. Already approved by the House as H.R. 1, the sweeping federal package would expanding voting access by allowing universal registration, early voting by mail and other options, undoing some of Georgia’s new law. Democrats intend to eventually bring it forward for votes and test the Republicans willingness to object. At the same time, Schumer is eyeing another process, so-called budget reconciliation, that provides a tool for certain budgetary bills to be approved on a 51-vote threshold, bypassing GOP opposition. Democrats used the reconciliation process to Biden’s $1.9 trillion COVID-19 relief package, in the face of unified Republican no votes, and could use it again to advance his $2.3 trillion infrastructure packag e or other priorities. Since reconciliation revolves around budgetary matters, it's it's not clear the elections bill or others legislation gun control or immigration, for example, could be considered under the procedure. One Democrat, Sen. Raphael Warnock of Georgia, the new senator whose election in January helped deliver the party majority control, recently signalled he is prepared to use all options to push ahead on the elections bill. “I intend to use my leverage, and my state’s leverage as the majority maker, whose electoral future is in peril right now, to demand that we deal with voting rights," he told The Associated Press, "and we deal with it urgently and swiftly.” ___ Associated Press writer Jonathan Lemire contributed to this report. Lisa Mascaro, The Associated Press

  • More Black Americans open to vaccines after outreach efforts

    Like others in her family, Mattie Pringle had doubts about taking the coronavirus vaccine. The 57-year-old Black woman from Myrtle Beach, South Carolina, feared that her high blood pressure and diabetes might heighten her chances of a severe reaction to the shot. The speedy development and approval of the vaccines also fed her skepticism.

  • U.S. Cases Hit Two-Week High; India in Crisis: Virus Update

    (Bloomberg) -- Surging cases in the Midwest helped push the number of daily U.S. infections to their highest in more than two weeks as the nation’s vaccination push gathers pace. European Union officials said the bloc is overcoming its vaccine supply problem and may have 70% of adults fully inoculated before the end of July, raising the prospect of an almost normal tourism season. Vaccines are in shorter supply in India, as the world’s second most populous country confronts a second wave. Thailand’s infection rate reached the highest since February and Japan is imposing restrictions in Tokyo and other cities to rein in the rapid spread of the virus. Key Developments:Global Tracker: Cases pass 134.7 million; deaths 2.91 millionVaccine Tracker: More than 748 million shots given worldwideIndia’s hospitals swamped by second virus wave as shots run lowWHO chief says political will is missing for equitable vaccinationU.K. urges mourners not to gather after death of Prince PhilipEurope finds some rare successes in its struggle to defeat CovidChina’s bid to ramp up vaccinations hindered by supply shortagesSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on cases and deaths.U.S. Cases Continue to Accelerate (8 a.m. NY)The U.S. added almost 81,000 new cases Friday as the virus spreads fast in pockets around the nation, especially in the Midwest, according to data compiled by Johns Hopkins University and Bloomberg. The seven-day average has risen for five consecutive weeks. Another 962 deaths were reported Friday, down for the second day, the data show, amid a general decline in fatalities. The U.S. recorded 4 million vaccine doses on Friday, as the pace picked up again after the Easter and Passover holidays, according to the Bloomberg Vaccine Tracker. Italy Industry Lobby Cuts Growth Forecast Due to Virus Resurgence (7:53 a.m. NY)Italy’s biggest industrial lobby group cut its forecast for economic growth after a surge in infections in the country earlier this year.Confindustria now sees Italy’s economic growth at 4.1% this year, 0.7 percentage points below its October forecast, after the health crisis led to a weaker than expected performance in the final quarter of 2020 and first quarter of 2021. It said the new forecast hinges on progress in vaccinations in Italy and the rest of Europe. Norwegian Study Links Blood Clots to AstraZeneca Jab (6:53 a.m. NY)A Norwegian study into blood clots and abnormally low levels of platelets in five people who were given the AstraZeneca vaccine for Covid-19 has found that their condition was a vaccine-induced syndrome, according to an article in the New England Journal of Medicine.“By providing a link between thrombosis and the immune system, these results strengthen the view that vaccination may have triggered the syndrome,” the article cited the study as saying.Denmark and Norway are avoiding use of the Astra vaccine even though it’s been approved for use there, saying they need more time to review the risks. Sweden and Finland are only offering it to people over the age of 65.Europe Could Beat U.K. in Vaccination Target: Brussels (5:32 p.m. HK)Europe could have fully vaccinated 70% of adults before the U.K. reaches its own target of one dose for all over-18s by the end of July, Thierry Breton, the European commissioner leading Brussels’ vaccine task force, said in an interview with the Guardian.Europe was expecting 360 million doses from five manufacturers in the second quarter, with European factories set to produce 200 million shots a month by September for an overall capacity of 2 to 3 billion by year end. The “extremely rapid” increase in European production capacity should allow the EU’s 27 nations to compensate for first-quarter shortfalls and allow “an almost normal tourist season”, Breton said.Airline Body Wants U.K. to Probe Travel Test Pricing (5:05 p.m. HK)Global airline body IATA called on the U.K. Competition and Markets Authority to launch an inquiry into pricing of Covid-19 tests for travel, as separate research showed travelers had to pay twice as much for the PCR tests in Britain as they do in much of Europe, the Guardian reported on Sunday.While the cheapest U.K. pre-departure PCR tests are available for 60 pounds ($82) -- the subsidized rate for passengers at Gatwick Airport -- most travelers are being charged an average of 128 pounds, more than double the price for much of Europe, according to research from the Association of British Travel Agents and the Airport Operators Association.Jet2, one of the biggest tour operators in the U.K., postponed all holidays until June 23 citing lack of clarity from the government, the Guardian reported in a separate story. The tour operator said “not knowing when we can start to fly and where we can fly to” led to suspension of flights and holidays.EU’s Michel Sees Surge in Vaccinations After Early Stumbles (4:43 p.m. HK)European Council President Charles Michel expects the region to soon move past the shortfall in vaccine availability, and become a leading producer, he said in an interview with a range of newspapers including Germany’s Handelsblatt. Output will continue to grow in the coming weeks and Europe may even become the world’s biggest maker of inoculations.Germany reported 23,945 new Covid-19 cases in the last 24 hours, marking the third straight day of declines. Deaths fell to 246, down from 294 a day earlier.Russian Cases Are Still Falling, With Number of Deaths Stable (4:09 p.m. HK)Russia reported 8,704 new Covid-19 cases in the last 24 hours, down from the 9,150 reported a day earlier as the caseload continues to stabilize. Authorities reported 402 deaths yesterday from the virus, unchanged from the previous day.Pakistan Approves Sinovac Shot for Emergency Use (3:35 p.m. HK)Pakistan’s drug regulator approved Sinovac Biotech Ltd.’s vaccine for emergency use, Xinhua News Agency reported, citing the Drug Regulatory Authority of Pakistan. The move adds a third Chinese vaccine to Pakistan’s arsenal as the country faces a new wave on infections. Pakistan previously approved shots developed by Sinopharm and CanSino Biologics Inc.Tokyo Cases Top 500 Again (2:25 p.m. HK)Tokyo reported 570 additional infections on Saturday, topping 500 for a fourth straight day, and the daily number of virus cases in Osaka hit a record of 918, according to Kyodo News. Japan on Friday said it will reimpose restrictions in Tokyo, Kyoto and Okinawa, aiming to rein in a rapid spread of the coronavirus in those areas three weeks after ending a state of emergency in the capital.Thailand Sees Most Cases Since Early February (12:57 p.m. HK)Thailand reported 789 new cases, the highest since Feb. 4, bringing the total to 31,658 infections, according to the Health Ministry. Most cases are linked to entertainment venue clusters in the Thai capital. One new death was reported Saturday, raising the total to 97.India’s Hospitals Swamped by Second Wave (12:34 p.m. HK)India is facing an escalating health crisis, with its second wave of virus infections hitting record highs, overwhelming hospitals around the country as supplies of intensive care beds and vital drugs come under pressure.Across the South Asian nation, from the wealthiest and also the worst-hit state of Maharashtra to its most populous, Uttar Pradesh, reports are emerging of hospital beds running short and immunization centers turning away people as they run out of vaccines. India reported more than 145,000 new infections Saturday, and with over 13 million virus cases lags behind only the U.S. and Brazil.U.K. Urges Mourners Not to Gather (12:29 p.m. HK)U.K. officials urged people not to gather or lay flowers following the death of Prince Philip, Queen Elizabeth II’s husband, a sign of how longstanding traditions will have to be put aside due to the pandemic. Well-wishers congregated outside Buckingham Palace and laid floral tributes on Friday, following the news of the Duke of Edinburgh’s passing at Windsor Castle, west of London, at the age of 99.China Approves Third Sinopharm Shot for Trial (4:40 p.m. HK)China has approved the third vaccine from Sinopharm Group Co. to start clinical trials, the company said. The green light to begin testing comes after two inactivated vaccines from Sinopharm were approved and widely used both at home and in developing countries.China’s ambitious effort to vaccinate 560 million people -- 40% of its population -- by the end of June is nonetheless running into a supply shortage, forcing authorities to extend the intervals between doses and leaving some people unable to book second shots. China had administered 161.1 million doses of Covid vaccines as of Friday, the National Health Commission said in a statement.South Korea’s Moon Calls Meeting on Virus (11:32 a.m. HK)South Korean President Moon Jae-in will hold an urgent meeting on Monday with the country’s top health officials to review the response to the pandemic and discuss vaccine supplies, Yonhap News reported Saturday, citing a presidential spokesman.Health authorities warned this week that the country is in the early stage of another wave of infections. They also said they may consider stricter social distancing measures and curtail some business activities if the weekly average of cases rises. South Korea confirmed 677 more infections on Saturday.CureVac Could Win EU Shot Approval in May (10:04 a.m. HK)CureVac NV could win European Union approval for its vaccine as early as May, sooner than expected, a German newspaper cited a company spokesman as saying.“We’re already very far advanced in the third phase of clinical trials and are awaiting data for the final application package,” CureVac spokesman Thorsten Schueller told Augsburger Allgemeine. “We hope the approval will come in May or June.”CureVac’s boosters include Elon Musk, who deleted a Twitter post on Friday saying that the biotech sounded to be “a few months away from regulatory approval.”Covid Hampers St. Vincent Evacuation (7:33 a.m. HK)Covid-19 is hampering efforts to evacuate people from the eastern Caribbean island of St. Vincent, where the La Soufriere volcano began erupting Friday morning.St. Vincent and the Grenadines Prime Minister Ralph Gonsalves said efforts to move an estimated 20,000 residents who live near the volcano were underway. But the pandemic is causing delays. Hotels that are being turned into refugee centers are asking that people be vaccinated, a request that Gonsalves said was “not unreasonable.”WHO Chief: Political Will Missing for Equitable Vaccination (12:06 a.m. HK)A lack of political will and weak global solidarity are the “mother of all bottlenecks” to ensuring an equitable distribution of Covid-19 vaccines to low-income countries, World Health Organization Director-General Tedros Adhanom Ghebreyesus said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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