Up more than 21 points to exit the bear cave is now up 15. But whats going on here . Could it be oil . In the last couple of minutes, oil suddenly, this is the aftermarket, started to tank. Its now down 7. 5 on apparent news that the United States government will start to add Strategic Petroleum reserves with all of the glut there is of oil. So while im looking, i just quickly checked exxonmobil and chevron, they are still up but they are at session lows as well. We are figuring it might have something to do with the oil news. In the meantime, the Small Business stimulus loans continue to flow as the treasury secretary asks for 250 billion in additional funds. We are expecting President Trump any moment now to give us an update on how that Small Business Program Lending situation is going. Its known as the Paycheck Protection Program. But the latest tally shows that the Small Business administration has processed 225,000 loans worth more than 60 billion. Thats just since friday. No wor
Earlier, it was down 12 . As the deadly pandemic expands to every state in the nation now and the president shuts the northern border with canada, the death toll has ticked up to 97 in the United States. Let us start looking through a whole bunch of different sectors here. How low will oil go. The rout at this hour in the aftermarket is pretty brutal. We are down 19. 2 and we do have it at 21. 78 a barrel. It settled lower than that at 20. 37 per barrel just a half hour ago. Crude has lost 56 over just the last ten days. That is the worst tenday trading stretch since the futures contract launched back in 1983. As we speak, we should tell you the senate is expected to begin voting on the 100 billion phase two coronavirus bill. Heres what we know it includes. Free coronavirus testing, funds for state Unemployment Insurance and paid sick family and medical leave for employees and Small Businesses. We will take you to capitol hill to get the vote tally when it begins and we will try to do
This number, down 664 points, for a loss of about 8. 5 . Crude oil at the moment, it has been vicious and quite a violent downside move, even after the ones last week that were very ugly. We see crude oil setting at 28. 70 but in the aftermarket, we are just above 29. Call it straddle. We are right at 29 a barrel. We have major developments this afternoon putting even heavier pressure on the markets. Canada moves to close its borders and the nations airlines are seeking up to 50 billion in aid to support the massive plunge in bookings as of course, social distancing affects all forms of travel. In this hour, we do expect that live News Conference held by the white house by the Coronavirus Task force. 3 15 p. M. Eastern, 14 minutes away, as you heard. We understand the secret service has now started taking temperatures of those in attendance. Heres a couple questions we at countdown want to know. Will we see more stimulus announced . Will the status of the nations airports change at all
You will get out of that fog. Be aware of that first thing. Thats our issue early on this morning. East bay hills camera, low clouds. Otherwise a lot of sunshine. Later this afternoon, under that steady pattern of warm weather across the entire bay area. Thats weather. Lets get a check of the roads from jobina. Good morning. Good morning. Good morning, everyone. If youre headed on the bay bridge, traveling westbound towards San Francisco, we have a stalled car there blocking one lane. Emergency crews are there pushing it off to the shoulder. Speeds are down to 20 Miles Per Hour. Once you pass Treasure Island, smooth sailing into San Francisco. Also moving to san rafael, 101 here, nice and clear. No major problems. And our drive times, we have tracy to dublin, 38minute ride. Dublin to mission boulevard, 15 minutes. Highway 101 to cupertino, 14minute ride. New details about a Homicide Investigation just outside of san jose. Santa clara county deputies searched for clues overnight at a ho
President affectionate of his base and the other side who leads them socialist or a billionaire, wall street journal poll, the democrat race has tilted heavily to socialist, Bernie Sanders, hes got 27 support. The fading joe biden is essentially tied with newcomer Mike Bloomberg, the president s approval record hits new high for the poll, 47 tonight it really is mustsee splitscreen tv, all right, we will get to your money, of course, not quite as exciting as politics, chinas government says theres a slowing in rate of new infections for the second day, less than 2,000 new cases reported but beijing still has, you might call it credibility problem, 3 wall street journal reporters kicked out of the country objective voices gone. Anyway, the dow will be up about 80, s p up about 10 and nasdaq another nice gain, already at new high, up another half percentage point. Rally all across the board. Now, just wait till you see tesla stock, im showing it to you now, if you bet against it, you are