Have reached the last lap in that debate and i worry that we are, as i said, going to spend a lot of time trying to make up revenue that we ourselves are going to decide to lose. Now with those words of caution, as i indicated earlier, i certainly do intend to support this budget and i want to say, if i could, a word of thanks. And i know i speak for all of us, to Speaker Pelosi in washington, because without the 1. 3 billion that her legislation got the bay area, we would be in a world of hurt and in budget debate would be just brutal. So thank you to her and thanks to her leadership and were able, i think, to hobble across the finish line here with a budget that doesnt do too much damage. And lets home jonathans revenuerevenue estimates are ass theyve been in the past so we can ride this budget to a better tomorrow. Thank you, mr. Chairman. Thank you, director. Director rubki. Thank you. I wanted to start with a quick question. When would the fare increases go into effect . I know th
Expected to be leak at best. We are joined by the imf mission chief later this summer. Shinzo abe widens the state of emergency to cover the country after critics said his initial plan offered too little, too late. Shery lets get you started with a quick check of the markets closing in the u. S. Markets finishing in the green after fluctuating all day. President trump mapping out a phased country reopening amid economic numbers. U. S. Futures higher by 2. 8 . President trump saying some states may be able to open before may 1. The dow jones up. 1 in the regular session. We had some big banks like Morgan Stanley showing the best performance in more than a decade. We saw a selloff in airlines stocks, United Airlines saying travel demand was essentially zero. We did get more than 5 million americans filing for unemployment benefits. The nasdaq managed to end higher by 1. 7 . Take a look at what oil is doing gaining ground at the moment after finishing under the 20 per barrel level also up
Good friday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at post 9 of the new york stock exchange. Jon fortt has the day off. Weve cut our losses in half since the open, although oil is approaching below 42 know v now as the opec meeting continues. Well begin with the mornings markets, the dow falling again but well off the lows, down about 380 points. Mark mahane knjoins us live alo with mark just in the internet space, the fact that so many investors are trying to game out what the impact here of covid19 could actually be on the sector. How are you gauging, how are you assessing risk versus reward within your coverage okay. We had a pretty significant data point this week. We had the ceo or the cfo of Companies Like uber, lyft, and Google Alphabet all present at an Investor Conference this week i think what we heard from all of them is not yet a Material Impact lyft said they were seeing a small positive impact because people were leaving Public Transport
A sense of whats been the as we were trying to film weve stopped my cameraman being schooled. By. For more information on those stories you can head to our. Top the hour with another woman. This is the kaiser report were in like los angeles Backyard Television production right under actual lemon tree making actual lemonade you know when the markets give you lemons its time to make lemonade right stacie certainly the markets have given a coronavirus and epidemic a pandemic the pandemic that wont be called pandemic because that would require more q. E. That is not q e of course so you know i do want to say as you can probably tell weve been in mexico weve been in las vegas and were in los angeles out in the suburbs where brady bunch was films and the thing is that i noticed while traveling is how amazingly unprepared most people are basically is one very simple thing you have to remember is dont touch your face dont touch your face it doesnt stop anybody i see it all around me as were ch
President S Administration as the Economic Advisor and he was saying that the current virus is contained and dont worry and secretary of state pompei also had this to say update u. S. Secretary of state mike brown peo on tuesday demanded that iran tell the truth about the corona Virus Outbreak in the country voicing alarm at allegations of a cover up i want to particularly use that as an analogy for the rest of these headlines here because this is that you know the secretary of state of course presides over an empire of debt and a lot of that lies started with covering up the stability the fragility of all that debt over which we stand so were going to look at some headlines after that but what do you think max about what secretary of state pump aoe said look i mean what weve been saying on this show for a few years probably all of 10 years is that no problems ever been. Put forward into the public consciousness that could not be solved with more money printing and no matter what happe