Us over time significantly closer to what i have called the pre covid inflation path while allowing us to monitor how some Key Developments unfold. Taking off british carriers hitting the top of the stoxx 600 as signs point to a recovery in the industry. Oil prices rising on the news opec and allies will meet tomorrow in a signal there may be consensus onextending outpu cuts a warm welcome. We are waking up a day after the ecb meeting. Lets look at some of the Market Reaction to the meeting. The euro has climbed to a threemonth high while italian bond yield on the back of the decision to ramp up the stimulus plan the euro trading about 11 basis points higher to 11347. The ecb will double its Bond Purchasing Program to 1. 25 trillion euros the ecb president Christine Lagarde ses they still face a contraction of 7 this year. They dont expect inflation to rise leaving it far below the 2 target she said she hoped the boosted bond buying will steer inflation back to pre covid levels collect
Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
Half an hour ago pretty good turn around yesterday. Interesting, cramer, the night before said it would start at 230. But he said it would get sold out the day before i watched as the dow improved. The s p was stopped. I was like, figures. At the end of the day, thats called in the money. In the money in the tacos now, you change the story. I said it from the get go joe, it will cost me a lot less to buy the tacos. But you have to listen to me. You are used to that. Becky, what do i get . I get to not buy you a dog somehow. You won you were complaining about this you are such a welsher you set up the terms of the deal and came up with the whole idea. Suddenly, you got your whole dog expense. Oh, well. Did you talk about yields did you see oil . I didnt. I saw now that it is above 27 a barrel still the june contract. Yield on the 10year around 0. 6 the oil prices watching this, the wti Contract Trading now that is something we have been watching closely because of the overall demand pic
Experts like to see but for most of the 14 days that has been the case. He did posit in these remarks to reporters we dont want to make the same flu mistake made in some parts of this country more than a century ago where parts were reopening a little early and things got worse and the flu hit all over again, in fact worse than the first go round. Were following that. Following what happens to airline stocks, taking it on the chin as one of the most biggest, prized investors says im out of here. These things dont look promising. Jackie deangelis with latest on the wall street front and how it is all connecting to the main street front. Reporter well talk with roche. Talking about a new Antibody Test approved by the fda to be used in the United States. The ceo of roche said this test is 99. 8 effective. You and i discussed the Antibody Testing how that will help get people back to work. The ceo of roche was on fox business this morning with maria bartiromo. He says there is high likelih
Suv rolled over coming to a rest on its wheels. Three passengers inside died in the woman was taken to the hospital, where she died a short time later. One of the passengers was actually rejected and her remains were found a short distance away. A fifth passenger had minor injuries and the driver was taken away in handcuffs. The male driver was placed under arrest. Traffic is being diverted onto cottle road and we expect this to open up again at 8 am this morning. And south ends a, kpix 5. I want to show you a map on 85. If you want to take 85, take 101 or 280 if you are coming out of this area. If youre in the south bay, you have options. There are a lot of workarounds highlighted on our maps. You can use cott or to blossom hills. That will get you towards 101 and as i mentioned, it is a good alternate to 85 and then you can take 85 from Mountain View where it connects from one toone. You will get past that area or you can use to 80 and connected towards 101 in the south bay. Tracking