Like in the fall. And mothers messages. New moms tell us about living throsi a their hopes for the future. Mothers never give up hope, but first, heres todays effe vaccine and unless something very unexpected happens, our viral enemy will be with us for many months and possibly many years. The former head of the cdc warned the scope of this pandemic is unprecedented. The worst thing that can happen is three to four weeks from now we see the numbers are really going up and then we have to decide whether or not were going to reverse course and ask people to stay home even more. Nearly 3. 17 Million People filed for Unemployment Benefits last week. It brings the total to more than 33 Million People over the past seven weeks as lockdown orders started. The president is taking heat for not wearing a mask during his tour of a mask factory in arizona. I actually did have one. I put a mask on i had a mask on for a period of time. We didnt see you in a mask. I cant help it if you didnt see me.
About all weve been through. Well talk more about that. We also have earnings from uber coming out any moment. Well cover that. Fox Business Team coverage with all the top stories. Lauren simonetti watching those stories. Blake burman from the white house. There is a lot of news there. And susan li with uber and more from the new york. Lauren, we start with you. Lauren guys, good to see you. I dont want to call it a fade but the dow was up 430 points. It lost some momentum closing at 23,875 for a gain of 211 points but certainly a fade for the third day in a row. Take a look at nasdaq. It didnt close above 9,000 but it is positive on the year by seven points. What a day. What has been powering the nasdaq and the overall market . Megacaps, facebook, amazon, google, netflix, microsoft. Look at them this quarter. Theyre all up 15 . Strong balance sheet, cash flow, generally seen as immune to government regulation which had been an overhang. There is very much a push, pull were seeing in t
The consumer staples, bottom fishing on companies and may think have gotten oversold. Companies could benefit from the work at Home Movement which is encapsulating this entire globe. Walgreens, have got walmart and costco among the gainers in the staples space. Theee another winner in dollar. Everyone is flocking to the dollar, the dollar index rising for a seventh straight day, claiming to an alltime high. The biggest loser against the dollar among the g10 currencies appears to be the pound. Romaine yeah. Scarlet lets look at todays market action. We will bring in our live reporter and one of the new voices. What have you been watching . Reporter oil markets were catching my eye. Wti, 14 in in brent. What is moving this action . It is a risk off water market story. Pressure oil as well and youre seeing all of this action move off of the official order from the Energy Ministry to saudi aramco to 12. 3 Million Barrels keep but as for the next coming month. That is how the indication is
The s p 500 down deep in the red down 5 . Fox Business Team coverage. Blake burman is at the white house where the president is currently meeting with nurses on the pandemic. Kristina partsinevelos on the floor of the New York Stock Exchange. And chad pergram is on capitol hill. Were going to start with blake. Reporter hi, there, we had known for about a day now that the Trump Administration had been potentially eyeballing a trillion dollar stimulus package, bailout package, whatever you want to call it. Now we know what they are thinking of, how that trillion dollars might be divvied out. According to a Treasury Department document 50 billion would go towards the airlines. 150 billion would be in loans to critical sectors of the economy or what is deemed as critical sectors of the economy. On top of that, there would be 300 billion in Small Business loan guarantees, and, there would be 500 billion in direct payments to americans. Half on april 6th. Half six weeks after that, on may 18
Against an epidemic brought to us by opioids. It does not matter where you live. This crisis has touched every corner of american society. While new england and the ohio valley regions represent states hardest hit by the epidemic, Health Officials from the south and reaching across the Mountain West all report a dwroeg number of Overdose Deaths in those counties. The latest figures from the cdc is astounding, 91 americans die every day from an overdose. Now more than ever we must come together and strengthen our commitment to fight this malady. I expected tos members will bring to the forefront key incites on this critical issue. In the Previous Congress the energy and Commerce Committee led several bipartisan initiatives to help address the epidemic. Theyre now law in providing resources at the state and local levels. Much needed policy changes are being implemented. The passage of both kara and cures. In fact, as a result of kara patients suffering from Substance Abuse now have great