francine: thank you so much, john normand from jp morgan.s karina mitchell with "first word news." 26 million dollars in the first when he four hours after he picked senator kamala harris. they made their first joint appearance in biden's hometown. --cy pelosi has turned back from steve mnuchin to restart stimulus talks. the white house hasn't budged from its demand that the stimulus be smaller. drop by onelling to bit -- $1 trillion if the republicans increase their is by $1 trillion. meanwhile, president trump revamped his push to get schools opened. the president says it is ridiculous that some districts let students attend some days in person and sunday's online. mark esper appears to be on his way out. bloomberg has learned that president trump has had privately he plans to replace esper after the election. the president is said to be frustrated by esper on a number of things, including deploying troops to recent protests. one person said esper plans to leave regardless of if the president is reelected. global news, 24 hours a day, on a

jonathan: john normand of jp morgan there. the economic data so far resilient for the u.s. economy.quity market, take a look for yourself. equity futures unchanged on the s&p 500 now after a brief dip about an hour ago. euro-dollar, $1.1815. in the bond market, 0.7% on the 10 year. a resilient equity market, and so far with the economic data, a resilient economy as well. lisa: resilient in that it isn't quite as bad as people were expecting, and how quickly it is coming back. the argument for stocks right now that we have been hearing is it is momentum, and why fight momentum? why fight the fed? but don't come up with a fundamental reason for it because that doesn't seem to be what anyone is looking at. jonathan: you did the right thing to finesse what i am looking at. i don't think jobless claims around one million is a sign of good things. but this economy is holding up much deeper into the summer than some people inspected. europe is the one that gets my attention. so money people have come of this program and the >> couple of weeks -- program in the last couple of weeks talking