Difficult week. Im california ity tur. Continuing msnbcs breaking news of the coronavirus pandemic. Were standing by for the start of todays Coronavirus Briefing at the white house. As the number of deaths has now passed 10,000 here in the u. S. Boris johnson, who like President Trump, initially down played the threat, is now in intensive care and as Public Health official heres at home are sounding the alarm, that its going to get significantly worse. The next week is going to be our pearl harbor moment. Its going to be the hardest moment for Many Americans in their entire lives. Things are going to get bad. We are struggling to get it under control. This is the moment to not be going to the Grocery Store or the pharmacy, but doing everything you can to keep your family and your friends safe. For the next week and a half are going to be very difficult. If we let our foot off the gas, and start doing things ul advised, we could have another peak in a few weeks. The number of confirmed
Theres 114,000 cases of coronavirus confirmed here in new york state. There are more than 3,500 deaths just in new york state. There are, of course, other hot spots in other parts of the United States that are being carefully watched that are absolutely serious. But new york state and new york city remains the number one epicenter of this pandemic in the United States. So we will hear from the governor in a moment. Meantime, the Surgeon General of the United States, jerome adams, speaking on television this morning saying this coming week, the next seven days, will be the toughest, the saddest week in American History for many americans. Talking about in the lifetime of americans who are living today, he says this will be the hardest and saddest for most americans lives. He describes this moment as a pearl harbor moment and a 9 11 moment. Strong, important language from the Surgeon General, not always being matched by other federal government officials. Let me bring in the new yorker s
Welcome everybody, i am neil cavuto and this is your world. What in the world is going on right now . Imagine going to the pump filling it up and all of us in the gas station attendant giving you money for the privilege. That is kind of what happened today. It was an odd confluence of events. It suddenly called into question this global recovery. Even as many countries try to get back in gear and at least a dozen states tried to fashion a return from sheltering at home, the fact of the matter when it came to oil, there was nowhere to hide. It also weighed on stocks on the belief that may be whats happening in the oil markets is telegraphing more problems for the general markets. That might be an overstatement, because the markets by and large have been holding up. Today notwithstanding. This oil thing is a headscratcher for the ages. Another reminder that the coronavirus is a big issue on our cash. Good afternoon to you, neil. Anything ive seen with the oil market. I do want to try and
Captioning sponsoredy Macneil Lehrer productions ifill the Dow Jones Industrial average closed at an alltime high today, erasing losses from the financial crisis. Good evening. Im gwen ifill. Suarez and im ray suarez. On the newshour tonight, we assess whats behind the market rally, coming as corporate profits surge amid continuing worries about unemployment and other problems. Ifill then we turn to venezuela, where president hugo chavez died today after a long battle with cancer. Margaret warner looks back at his life, and at what comes next for his country. Suarez we examine the budget battles in washington, as Congress Begins negotiating yet another stopgap measure. Ifill Judy Woodruff talks with Virginia Attorney general and gubernatorial candidate Ken Cuccinelli about his new book on political power. Suarez and we close with the details of two new studies showing Life Expectancy for women in many places in america is actually falling. Ifill thats all ahead on tonights newshour. Ma
Several other indexes are also rebounding. The s p 500 was up 14 points to finish at 1539, within striking distance of its record of 1565, set in 2007. We look behind the rally and these numbers with Barry Ritholtz, a market strategist, author and c. E. O. Of fusion iq, an Online Research firm. He blogs at the big picture. And Matt Phillips, who writes for quartz, a digital news site that covers the Global Economy for atlantic media. Is welcome to you both. Starting with you Barry Ritholtz, whats behind this sudden rise . Well, its a combination of a number of factors. First and fore most going to be really good earnings that weve seen over the past couple of quarters, past couple of years and a lot of this has to do with the massive intervention of the Federal Reserve. They kept rates so low its made it very inexpensive for corporations to borrow and invest and its created a lot of liquidity which drives equity prices higher. Ifill Matt Phillips, because of the intervention of the Fed