At 8 30 a. M. Eastern. Major retailer reportedly ready to file for bankruptcy. Commerce secretary wilbur ross will join me in 30minutes time. Markets look like this, fractional gain at the start of trading, dow industrials up 13 points and s p half a point and s p nasdaq up in 22. Dow trails finishing up 377 points, the nasdaq was up 32. Headed for third consecutive week of declines. Controversy is growing in general flynn case. Calling for fbi report that officials claim have vanished. Mornings with maria live. Global markets look higher across the board. Cac quarante is up 34 and dax index in germany up 179. Bank of england governor Andrew Bailey says negative rates are not being considered this following comment of jay powell this week and Germany Economy shrinking 2. 2 in the First Quarter. In asia markets were mixed. More signs of slowdown in china overnight. Retail sales there for the month of april were out, they were down 7 and a half percent. Then there was industrial output s
Good monday morning, everyone. We are starting off the week seeing a dramatic increase in the number of coronavirus cases overnight. More than 2,500 people have now died in the u. S. And President Trump says the peak is still weeks away. The president has now extended the guidelines for social distancing until april 30th. Dr. Anthony fauci says up to 200,000 americans could die. The fda has approved a new test for the virus that promises results in just five minutes. President trump says avid labs will ship 50,000 tests per day. Worldwide more than 34,000 people have now died. Moscow is the latest major city to impose a virtual lockdown. We begin our coverage this morning here at home with abcs. More than 2,0 at. St aounced out o a ste reprerf cases d talities with more than 30,000 cases and nearly 1,000 people dead across the state. The citys Javits Center transformed into a medical facility ready monday with 3,000 beds to receive patients not suffering from the virus, relieving hospi
Practice medicine. The state is looking to add at least 50,000 hospital beds and other sites. I hope the state can add as many as 37,000 more doctors, nurses, and specialist. We are hopeful with the effort we will see a surge of individuals to be paid and compensated to participate in the workforce and distribute throughout the caregiver system around the state of california. Reporter new retired professionals can find more information on the state covid 19 website. A bay area leaders preparing to extend stayat home orders until at least may 1. Christian captain joins us live from San Francisco where the mayor is expected to make an official announcement tomorrow but city officials there are stressing social distancing is still the best tool to combat the spread of the virus. Thats right. Most of the bay area under a state order to stay at home for two weeks. Now they expect the order to run all the way through april. Empty streets and closed businesses a common site the last two weeks
Cramer will you look at this market stock reports come out and say stocks with crash if the white house cant pass healthcare. Nasdaq climbing 1. 1 the question remains is secretary mnuchin right that this will go on the passing of healthcare the truth is tax reform the truth is not many believe a toks reform is coming. Yes, theyve lost faith. Congress thinks its more important than it really is, even the biggest pieces of legislation tend to only affect one particular sector. Like how the Health Insurance got a bunch of sweeteners from the care act they were the winners under obama and their now winning under president trump. Buy some United Health that made a opportunity of money democrats want to subsidize the Health Insurancers its a winwin for everybody except for you my real point here is that obamacare was the single most transformative piece of legislation and some didnt have the agate impact which brings me back to tax reform, i think its a good idea if it passes it wont be rev
Back to the focus on care homes by the secretary matt hancock today i must say when i was listening and watching him, but he offered in terms of highlighting how important the role of care workers was it sounded good, but the mirror are pretty mocking about what little actual material consequences, this. Yes, matt hancock who spoke earlier today was trying to tackle a couple things head on. And one of them has been about care homes, that there is iiow been about care homes, that there is now a significant number of certainties around the uk that have coronavirus outbreak stash cities. There are suggestions that the government has not been on top of this, hasnt tested and is not offering reassurance that they are doing the utmost to protect the staff. So mr hancock was trying to assure them how valuable they are by offering them badges that say care, and he was wearing one of them. On one hand, i understand what matt hancock was trying to do, he was trying to express that the government