The s p climbing 2 or so, now up 2. 35 . This after the monster rally we had just yesterday. 2. 25 . Technically, pushing the s p out of a bear market, but that is a heated debate. The 10year yield continuing to rise by seven or eight basis points. Today, rising by an additional 10 basis points. You are getting a weakening of the u. S. Dollar. Beware talking about the funding issues, stress levels coming into the bloomberg dollar index. Some of the natural correlations are starting to return just a little bit. There is some hope and optimism here. Copper futures rising 2 . Futures are at the highest may have been since march 17. Are closing, helping to reduce the supply, and some hopes now that the demand outlook is improving as well. Here for a deeper dive into the markets is abigail doolittle. What are you watching . Abigail thank you so much, taylor. Certainly a risk on rally for a second day in a row. You mentioned the s p 500 up about 2. 7 . Energy is climbing higher, even though
With the gold price. 20 . It would not seem dollar weakness will be translated into gold strength. That correlation is somewhat weak. Thats where we are at the moment. Getting more reaction to this mls cut taking place by the pboc, the right now 2. 59 percent. It was 3. 15 percent. They cut it in the middle of february to 3. 15 . It is really to prop up the virus hit companies. It should translate into the reduction of the loan prime rate, which is out on the 20th. Lets move to the first word news as we join Karina Mitchell. U. S. A a deal taking off, airlines have agreed a preliminary deal with the Treasury Department to access billions in aid. Carriers. All major American Airlines will get 5. 8 billion in payroll support. Southwest will get 3. 2 billion. As part of a 25 billion dollar assistance package for commercial airlines as part of the 2. 2 trillion stimulus announced last month. Fullys agreement will support Airline Industry workers, preserve the vital role airlines play in ou
Im annemarie green. The coronavirus pandemic marked a new threshold here in the u. S. Infections are confirmed in all 50 states. Nationwide, there are now more than 6,300 reported cases and more than 100 deaths. Across the country, local officials are taking aggressive action to curb the spread of the virus. New york citys mayor is considering a shelterinplace order for more than eight Million People who live here. That action is already in effect for People Living in parts of northern california. Meanwhile, hospitals are in desperate need of more protective gear to handle the outbreak, and theres growing concern over whether theyll have enough beds and supplies for infected patients. In washington, congress is working on what may be the largest bailout in American History to rescue the u. S. Economy from the pandemic. Gwen baumgardner is in london tracking all of the detais for us. What is the latest on this stimulus package . Reporter hey, good morning, annemarie. The government is h
Host how does this 2 trillion stimulus package, how is it going to help our economy . What can we expect to see . There of bad to be news. All it does is club a whole in the u. S. Economy. Hole in the u. S. Economy. You are going to see shocking Economic Data over the next few months where you might see upwards of a million jobs lost. The stimulus package is a big number. It just prevents a lot of companies from going bust and the stock market from coming under increasing pressure. A lot of the sources i talked to on wall street see this as a down payment for something intentionally larger in the second half of the year just to get the economy accelerated, getting things going well into 2021. Host you are seeing people on wall street and in the Business Community saying they are going to need another stimulus package just to get things back on track. This 2 trillion is not enough . Guest you are right on. That is the reality of it. Marriott, one of the Biggest Hotel chains in business,
Place but think sense most businesses are closed and people have been cooped up in their homes local parks become a big draw that in turn forces more people to come together. I think social distancing is. Hopefully i can imagine the slot but at the same time york reading a lot of situations where a lot of people watch from the are the spots like these and then not to miss one or is this actually working or in county Health Officials have been urging people to not travel outside of their community. This picture shows cars lining the streets of coastal marine as the area saw an influx of visitors signs with in local parks echo keeping a safe distance from others during the shelter in place Kristin Oliver says her family is following the its not a hard and all the space to be 6 feet away but not for the most part everybody seems to be respecting that. Despite the signs warning of a full want inside of this park, it seemed there was plenty of room to enjoy. Parkour say police might be tryi