A nationwide lockdown earlier this week which many predict could last up to fix months for more numbers and information on the coronavirus be sure to check out our portable the t. V. Up and look for the section trucking coronavirus and were going to bring in. To tell us more about the Global Impact but its having on the economy. Now once again the market isnt buy the rumor sell the news mode as the historic rally of nearly 20 percent in the previous 3 trading sessions faded and where once again timely 600. 00 points off the open market moves or the past 3 weeks have been fast and furious and the volatility has no indication of slowing down the temporary euphoria from the stimulus shot has subsided and were left with the grim reality that the u. S. Is now the new epicenter of the coronavirus now after much delay the house on friday passed a 2 trillion dollar terrorist act which stands for the coronavirus aid relief and Economic Security act and the now has to present trump to sign into
Come forward with stories about working conditions and safety after more positive cases of covert 19 but 1st lets start by talking the front of. The global death toll still on the rise with more than 25000 people and nearly 555000 back to the United States now leads with the most confirmed cases in the world with more than 86000 infected and nearly 1300 fatalities new hotspots are emerging across the u. S. And chicago detroit and new orleans Vice President mike pence downplayed trumps comments over reopening the economy by easter saying the president expressed really an aspirational goal as we continue to follow the data on thursday g. 20 leaders held a Virtual Meeting where they vowed to Work Together to. About the virus we talked about the problem. And hopefully wont be a problem for much longer in the United States is working with their friends and partners around the world to stop the spread of the virus and coordinate their efforts we discuss how vitally important it is for all of
Said yesterday, you know very well what you said yesterday, it was a big story. I just dont know how they cannot recuse themselves for anything having to do with trump or trumprelated. The right thing to do. As a Supreme Court justice, there is a different standard. At the same time, i think it is a higher standard in a certain sense. Her statement was so inappropriate. When you are a justice of the Supreme Court, it is a like what you strength to do is take the people that do feel a different way and get them to vote the way that she would like them to vote. I thought it was so inappropriate, such a turbo statement for a Supreme Court justice. What was inappropriate about the statement . I am not an attorney, so i cant she seemed to criticize the white house for running to the Supreme Court at the drop of a hat to seek pres. Trump no, that wasnt it. I think she is trying to shame people with perhaps a different view into voting her way. That is so inappropriate. Lets see what happens.
All across the east. Not much of a bounce back as of right now. Lets bring you up to speed on the flight to safety, gold has retreated to the tune of 23 an ounce now are well shy of 1700. But the yield on the ten year treasury, that remains stubbornly near its lows. That indicates the move into safe u. S. Bonds remain intact, 136 on the tenure right now. Move on to politics, the democrats debate tonight right before 7 00 p. M. , at the South Carolina primary, Bernie Sanders will be attacked. Especially after he doubled down on his admiration for fidel castro. Also crunch time for Mike Bloomberg, he can show he could debate, and joe biden has got to show hes up for the fight ahead. As usual in the hectic times, a big show on the way for you, and a moment you will see the president go after cnn, what a putdown it was. Varney company is about to begin. How can you justify to their American People have an acting dean i would note intelligent. First of all i want no help from any country an
Countries. We are continuing to see the corporate fallout, we will get more details on airlines. Delta saying it is suspending u. S. To china flying routes through april 30. Asked theirsoft staff to work from home. Amazon as well. The longer it takes to test anybody, the greater the risk they will be spreading the disease. Mike pence saying most cases are mild and they have flulike symptoms. Compared to the tests the u. S. Have carried out, 2000 by the end of last week, compared to 140,000 in south korea. In the u. S. We are seeing 11. Lities rising to this is having a concerning impact on the markets. Lets get to the Market Action. Speaks,president pence we see markets accelerating losses. Now trading at the lowest level since september. The chinese equity come back facing a roadblock. Seng headedg hang for its lowest level of 2020, and s p 500 futures extending the trading session losses, closing down 3. 4 , now off 0. 8 . Earlier futures were moving higher as much as 0. 7 , so quite