Markets Move Higher, Covid-19 Cases Record Daily Spike, Harvard & MIT Sue The Trump Administration

The “Squawk on the Street” team takes a look at the market, charging higher as investors ignore the latest Covid-19 data. The U.S. reporting a record daily spike of more than 60,000 coronavirus cases as the total number of confirmed cases tops 3 million. Pain for retailers, Brooks Brothers filing for bankruptcy as it seeks a buyer and closes dozens of stores. Plus, Harvard and MIT are suing the Trump Administration over an international-student policy that forbids those students from staying in the U.S. if the classes are taught entirely online. The President taking to Twitter, threatening to cut funding for schools, slamming the CDC reopening guidelines as too tough and expensive.