We will receive testimony from the secretary of the treasury and e chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the exchange stabilizatiofund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketplace and support eligible businesses, states, governments, and tribes. This unique authority known as 13. 3 authority is authorized under section 13 of the Federal Reserve act and plays a Critical R
Little. Ignoring the order a bay area barber ignoring warns. Keeping his business open. Everyone is essential. And constitutional right being one of those be, a san frsc dits doors. Several california beaches packed with protestors today. The drastic action to keep people off the stand and at home. A define barber in vacaville is becoming voice of the shelterinplace re1stance. The mans controversial decision to open his business before governor gives his greep light. Reporter hes been getting visceral hate messages on social media. He says he has paying it. Reporter a single father with a son and two daughters. I work hard. I knew better than to ask for any of the loans. Reporter he received a cease and desist letter. We were all solidly booked. Reporter hes either a hero or villain on social media. This quote. I work the mean streets of oak land. Ive dealt with a lot skaerer guys. Reporter hes also getting support. Im aware that this veers is a very scary thing. Its been 45 days. It s
Lets get a check outside of sex. To learn more about the forecast. This is a spectacularly students rising above and its beautiful start to the day. Scholars as well as josaly there is no marine layer out there. We do have a little bit of low clouds for the south bay, but it is pretty isolated down here. Everyone else has clear skies. That is the view looking east. The numbers show you the difference. It is 50 degrees for most places on here until you get into the north bay where santa rosa is down to 41. Clearer skies. 12 degrees colder outside your door. As far as where were going for daytime highs today, very much like yesterday. Well see some low to mid70s. Most of us around the bay in the upper 60s. The main difference, today will look a lot prettier. No chance of light rain and a beautiful blue sky day. A defiant barber is becoming a voice of resistance for shelter in place. The mass decision to open before the governor gives the green light. Reporter he has been making National
Which prevent michiganders crossing the street to visit family members. No relaxation of the social distancing rules from President Trump. Hes considering extending the keep your distance regulations into the early summer. Then theres this. Antibody tests that show far more people have been through covid19, three million in new york state, 20 of new york citys residents have had it. That means the fatality rate, the number of people who died from the virus, comes way, way down. Interesting. Quickly to the markets. Not Much Movement at the open today. Orders for durable goods in march down 14 , yeah, thats bad but it was expected. The dow is going to be up 193. I call that little movement. How the times change. We will be back to 23,500, big gain modest gain for the dow, nice gain for the s p and for the nasdaq as well. Look at oil, staying at low levels. We are looking at 17 a barrel. In the absence of demand, we are still not driving very much, we are running out of places to store al
Marco rubio will talk to us about the stimulus plan and whether it doesenough for smal business if youre out there and not a professional investor wondering what to do in these tumultuous times, dont worry, realworld pr practical advice, with suze orman. Scott chef feeshlgsd the ceo of Pioneer Natural Resources will join us along with Janice Henderson ceo dick wilder. It is a big hour, but weve got to start with the markets. The dow closing up about 1300 points and yes, its best threeday run since the 30s. The only problem with that is were also coming off the worst threeday run since the 30s and you have names you know and need to hear from we have put all of the allstars together, we have guy, tom, b. K. And steve. Everybody, its great, wherever you may be to join you on this tristate edition of fast money. Guy, im going to begin with you. A nice rally and you guys all said we could have the violent rallies to the upside, but not to throw water on it, we still have a vix around 60. I