California will open movie theaters on friday, at least in a limited capacity, but they are opening. Guess what . We have an ipo today. Remember those . Vroom, an online used car retailer, goes public this morning. All positive signs abound. Yet the media is jumping on the headline from a group called the National Bureau of Economic Research. That Group Reporting late yesterday that we are officially in a recession and that it began in february before the pandemic. Still scratching my head on that. You can bet we will be discussing it. And heres another return to normal for you. President trump says he will begin holding Campaign Rallies again in just a few weeks. The Trump Campaign will be joining us in the 11 00 hour. Lets go ahead as always. Im Ashley Webster. Varney company starts now. Ashley lets get straight to your money. We will start with the losers. First up, the airlines have had a really good run of late, as we know, but as you can see across the board, check out american a
Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Jumping more than a thousand during the press conference, is settled after that. But they are all up big time, a vast difference from yesterdays blood bath. Hillary vaughn is live at white house, jackie deangeles the new york stock exchange, but alex hogan is life in st. Patricks cacathedral that would have beea very busy st. Patricks day. Reporter a year ago, i would be standing here with about 2 million people, watching a parade go by, this is a different side of new york from what people are used to seeing, as cases spread, more people are told to stay inside, the major landmarks in new york are empty. Millions of people worldwide are under lockdown, they vary country by country, here die he state. Most banning gatherings, and and 5 million. Pennsylvania will close state owned wine and Liquor Stores at 9 p. M. , new jersey closing malls, and ohio calling identiff prime elec election. These close ours cutting deep into the nations economy. In terms of the economic dislocation, it is
Early 90s. More of the white house response. Potentially talking one Million People tested by friday by the government for the coronavirus. President trump heading to tennessee this friday to tour tornado damage. 25 people now dead. We have devastating scenes of heartbreak there in tennessee. It is now in a state of emergency. Well show you more on this video coming in. Fights breaking out on cruise ships, turned away from multiple ports. Why . Coronavirus fears. How countries in open borders europe coming in. They may start talk about shutting their borders. Attorney general william barr over reforms to stop the fbi from spying on future campaigns. The president is fear russ over what happened to his 2016 team. We also have more on the federal judge offeredderring Hillary Clinton to sit under oath for the very first time, deposed over her infamous emails in a private server. More on how that relates to benghazi. First up, a epic night for democrats. The biggest day in their nominating
This is after the bell. S p 500 down six days in a row. All three major averages down more than 4 on the worst pace for the financial crisis since 2018. We have fox Business Team coverage, blake burman at white house, Deirdre Bolton on the floor of the new york stock exchange, phil flynn watching oil at the exchange. Lets kick it off with deirdre. Reporter a lot of superlatives. Closing with the worst week since 2008. Look at stocks that pressured the average most. Microsoft for two reasons. Company says for the Current Quarter not what they expected. This is very much related to the coronavirus. Microsoft gets at least 10 of sales from china. Apple moving lower on the dow as well all day. Like the bigger picture, going down towards the end. Apple last week saying again sales this quarter will be lower due to effects of the coronavirus. One stock i was tracking all day, limiting losses, i dont know if we can say that with 1000 points down is 3 in. A part of what 3m makes are masks. You