To ease restrictions after a coronavirus lockdown there. And then other news from hong kong the Police Complaints was dont want to the terrorists being dragged into an era of terrorism. The u. S. House of representatives right now debating a 3 trillion dollar aid package to tackle before lout from the global coronavirus pandemic it is a huge figure to take on an Enormous Economic challenge these pictures coming to us live from washington more than 36000000 people are out your work and they are claiming benefits that figure expected to climb towards 45000000 over the coming weeks sales are down by a record 16. 4 percent for the month of april will stay with these live pictures will also talk to our White House Correspondent kimberly healthcare so bad data the dow jones opening done kimberly must be focusing minds there on the floor of the house. Just like. Yeah watching very carefully what is debated in this legislation its pretty certain that this is going to pass the house of represen
Winning streak lets go to bob with more on the market bob. Its a little bit of indeterminent trading. We have been trying to get over the end of april highs we would break out of there and well be to the march. We have been stalled out here. Take a look at the sectors here. You can see in front of you, reits down banks have been drifting lower all month. Consumer staples out performing a little bit now down as much a couple of news announcements the fed niensannounced they wer going to start buying the Corporate Bond etfs. This has been real winner for people who tried to front run the fed anticipating they were going to be doing this up 16 in the last month wells fargo, all sorts of Corporate Bonds. Ge capital bonds are in this thing. The other piece of good news or interesting news is pnc. They own 22 of blackrock. They own i shares. They are selling that whole stake. This is one of the greatest invest ms of all time. They made need it for capital, Capital Improvements overall a lot
On the rapidly changing world. No school in the fall . We speak with the head of americas Biggest College system about just that. We are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome to wherever you may be watching from. Im brian sullivan. The dow continues to slide falling again yesterday. The dow has now lost 1,500 points from highs back on may 1. Investors will be closely watching whether we are able to rebound now. Futures not indicating that. They are down about 50 points. Coming up, well show you a shocking list of Companies Names you know are hitting multiyear or alltime lows some big names you can mention names you have to watch in the banks. They have been a big red flag nearly every day we crunch some data. The immediate loss of a publicly traded company now is a decline of 41 this year even as tech stocks have recovered. Bank stocks have not one reason for that is likely this bond yields stay low, 10year at. 62 . Asia is finishin
Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look
Tonight, bringing america back with a hot meal and a warm smile. The many faces behind the restaurant business, slowly reopening their doors. 3. 2 million more americans filing jobless claims last week. So many of them working in the hardhit food industry. Now the all hands on deck effort to turn the five minutes until our first wave of firsttime customers arrive. Dinner time rush looks a little different for these partners, what was once a night out is just a drive by. Were calling it family meal. Theyre relaunching their trendy chicago pacif. Its 55 and feeds a family of three or four, and you drive by, and a server from the restaurant comes out in glove, drops it in your trunk and you drive away. Its a risky move. What keeps you up at night . Where do i smart the employees are number one for sure. The other thing, recently, is how to restart. Thats the question facing so many across the country right now as states navigate how best to get back to work. Now more than twothirds of the