Foundation. Colonel, great to see you. The president is on a Conference Call to get this oil deal done. Your reaction to that story as we await for the presser . I think one of the Untold Stories about the whole Covid Response has been the u. S. As a global leader. Were so focused on the domestic story. Were so focused what china is doing around the world that china is absent and were not. This is one of the instance United States holding back, Holding World Health Organization accountable. Tremendous work weve done with other countries own development and cdc and everybody else. U. S. Is still the global leader. Im glad we have Something Like this to remind people of that. Elizabeth i want to move to jobless claims. This is a story of reopening. The American People want to know the plan Going Forward from reopening economy. Were different from europe. Entire nations shut down. They can make the call to reopen. We operate on a 50 state model. Here is the problem, 6. 6 million jobs lost
The number of worldwide coronavirus deaths is inching closer to the 100,000 mark. Lockdowns continue to threaten the global economy. Thes of any recovery in u. S. Economy, the Worlds Largest is going to be slow and Consumer Confidence collapses as unemployment skyrockets. A trillion euro economic support plan will support businesses, governments and people. Meanwhile, the number of dead around the world is rising rapidly. In the u. S. , more than 1200 people have died from coronavirus in the past 24 hours. The u. K. Adding more than 800 victims. The British Government says Boris Johnson has been moved out of intensive care as his condition has improved. He will remain in hospital two weeks after testing positive for the virus. The economic toll of the virus is growing in the u. S. News of the latest unemployment claims, one in 10 working americans lost their jobs since the coronavirus pandemic forced the closure of all nonessential businesses in the past month. There have been three co
Even though some of might be different directions. Were monitoring that. Monitoring what is the second biggest point gain so far, for the dow jones industrials. All major averages are advancing pretty smartly, right now, amid talk that this deal will get done, timing is only issue here. Whether this stimulus measure. That is out there, will be enough. Including that lockdown in wuhan, the epicenter of the coronavirus, slowly by surely. Keep in mind that about 60 million chinese remain in this proverbial lockdown. But the biggest of all was instituted a few moments ago with indias Prime Minister, announced a lockdown not for a section of country, not for some in this country but for all. 1. 3 billion indians in his country. This will last for 21 days. Youre beginning to see a trend here that shows the frantic efforts we are taking to provide stimulus to sort of slow the Economic Impact or the a least the arrest the blows in this country. As other countries are sort of dramatically ackno
Georgias kelly love letter will be one of our guests. All that and more on making money. Deirdre the white house is asking congress for more than 800 billion. Were going to take you right there. Hillary vaughn is standing by. Hillary, any new details . Reporter deirdre, yes, specifically about the 850 billion. Were learning that part of that, 58 billion, could be allocated to just the Airline Industry alone. That is according to John Roberts Fox news is reporting but i also asked secretary Steve Mnuchin today if theyre looking for providing economic assistance to any other industries that could be impacted, particularly the Restaurant Industry . He tells me that is on the table for larger Relief Program for small, mediumsized businesses including franchisees. Secretary ma. Looking to send checks to americans immediately. What we heard from hardworking americans, Many Companies shut down, whether bars or restaurants, americans need cash now and the president wants to get cash now. I mea
Good morning welcome. Im Morgan Brennan live at cnbc headquarters kicking off with historic moves on wall street as the dow moves towards 20,000 the First Time Since february 2017 the dow has now erased all of its gains since President Trumps inauguration back in 2017 this mornings futures it has been volatile, we started higher, turned lower weve gone flat. Right now, the dow is indicated to up 194 points, the nasdaq to open up 143 points it has been a wild ride. Futures spikes on the news of the stimulus from the ecb. Weve been bouncing around ahead of that 9 30 open. Taking a look at the bond market weve seen a lot of volatility there. Treasuries yesterday sold off with significant spike climbing as high as 1. 25 . Now coming off as investors move back to treasuries with a 10year at 1. 177 . Just off threeyear highs. I want to get a check on crude bouncing back in a big way after sinking to its lowest level in 18 years 20. 37 a barrel ice brent 26. 91, an 8 bounce. We are still at t