Future and later, President Trump says the time for negative Interest Rates is now. So were breaking out our crystal ball to see what the market will look like in a world of negative rates and we start with the market selloff the stocks tumbling after the path forward is highly uncertain and subject to many downside risks. The prolonged recession and weak recovery can discourage business advancement and expansion further limiting the growth of jobs and the pace of technological advancement. The result could be an extended period of low productivity growth and stagnant incomes. And then theres this, Stanley Drunkenmiller telling the Economic Club of new york that the risk reward for equities may be as bad as hes ever seen and scott telling scott wapner that this may be the second most overvalued market hes ever experienced so did the markets just get a big dose of reality, guy first of all, i know youre not in charge of music at cnbcs fast money and im getting ready for the twitter hatr
A heaping of starbucks and shake shack after the closing bell despite a host of developing threats out there, no disability a quarter of companies that have reported so far have yanked guidance China Threatens retaliation for its role in the pandemic, and the virus death toll, new reports we could see 3,000 deaths a day in the United States as states begin to reopen. Is the action we saw today actually a sign that the market may be climbing a wall of worry . Hi, mel. Hi, guy its clearly climbing something. Tims been on this theme, so kudos toll him i was impressed, the price today was, you know, very interesting. So kudos to the market and people that still believe in it. Out of the three things you mentioned and loss of life obviously is the most concerning, but in terms of the market, you know, this potential retaliation against the chinese, that Steve Mnuchin spoke about today, and saying the chinese were still going to honor their trade agreement, i personally dont think the market
In a month the roads in a turn to reverse as heavy rain overwhelms the yemeni city. The u. S. Senate has passed another multibillion dollar relief bill to help Small Businesses suffering from the Coronavirus Impact is the nations 4th stimulus package this one is worth almost 500000000000. 00 it comes as the number of reported corona virus infections worldwide stands at over 2 and a half 1000000 with more than 177000 deaths my kind of reports now from washington d. C. With many senators working from home the boat with taken by voice all in favor say aye. No yes appear to have it the intense negotiation between the white house and congress in recent days. At the core of our agreement is 320000000000 more for the Paycheck Protection Program which is already saving millions of Small Business jobs and helping americans get paychecks instead of pensioners. Democrats successfully foretelling who 75000000000. 00 for hospitals and 25000000000. 00 protesting which had been excluded in the initia
Shutdowns until at least may 15th we have a great lineup today. In just a few moments, well speak with Patrick Harker about what will take to get the economy back on its feet and later, Alexis Ohanian will join us hell talk about his investment in a company thats help iing Small Businesses navigate the loan process, which is one of the issues lets focus in on the stories we are watching in this final hour of trade wilfred of course covering the bank earnings. Morgan stanley the latest. Meg has new details on testing but well begin with breaking news out of washington where President Trump is expected to meet this hour Via Teleconference with governors. What are we expecting here that conerer sags is about to get underway where President Trump is going to share with the nations governors what the white house and its medical team have arrived at as far as the guidelines for reopening the economy. The Daily White House briefing is going to take place at 6 00 p. M. And what President Trump
People are being tested for covid19 as well as a number of open hospital beds and ventilators. Santa clara county, the bay area hot zone with more than 1,000 cases and 36 deaths so far. A south bay company is very busy making equipment to help save lives. They are making sensors for ventilators. They are hiring. Damian trujillo with more. Reporter with the censers in high demand, they are working round the clock here. The company all sensors okay this video for us showing manufacturing operation. This is what they are taking, tiny ga tiny gadgets. They measure the inlet pressure to mainly what we specialize in, the breath of the patient and the monitoring on of of breath of the patient. Covid19 put ventilators in high demand. Now the company is on all censers to crank out as many pieces as they can. On a typical year, we could ship out about 700,000 censers. In the last three weeks, we received orders for that many censers. That means the company is looking for workers with manufacturi