Continue to gradually reopen, auto plants are restarting some operations this morning and Homebuilder Confidence increasing as well ahead on todays show, President Trump host iing a rou b table with restaurant executives at t the white house this afternoon well speak with the ceo of restaurant brand, the Parent Company of burger king and pop eyes. Plus, billionaire entrepreneur and Restaurant Owner will join us to discuss whether people will actually come back to restaurants, casinos an sporting events hes got all three of those covered. Hooe also at that white house meeting. Lets focus in on the big stori were watching mike is tracking the big market rally. Meg has the latest on modernas vaccine progress Brian Sullivan watching the comeback for crude well tart off with the broaderr rally, mike, and what stands out to you obviously the market for months has been moving along this spectrum that goes from you know sooner and faster for a recovery to you know later and slower and right no
Coming off a fiveday win. A lot of the stocks in the nasdaq are for companies that do better in covid era. Remember, weve got many, many institutions with 80 to 95 of people working home. They require a gigantic change in the supply chain of work. And the supply chain of work is just generated a remarkable new wave of the cloud, of hardware, of software, and the companies that are really rallying for the most part are companies that do fabulously when you have to create new factories the factory is in the home theres a look at steve mnuchin. Well talk to him in a few moments. A lot over the weekend, whether it was mnuchin, kashkari, prepping us for the idea that the worst of the impact is still to come, even after that jobs number on friday which we didnt have you with us to discuss. Here we are i wanted one thing to be normal in my life Everything Else has changed like so many of us. I questioned the notion that this month will be worse we are hearing too many people who are reopening
20. 5 in a data set thats never been more than 2 million in a single month, numbers we never expected to talk about no. The numbers are just completely and totally shocking not unexpected however given the carnage thats taken place in the economy over the last month as we locked everything down those lockdowns ending around the country. Things starting to at least normalize in some states the question will be of the 18 million workers who describe themselves as a temporary layoff of that 20 million, how many really will get their jobs back is a key given the markets reaction today, there seems to be an expectation that most of them will that will remain a question over the next many months as we hope that the economy does start to return to some semblance of normalcy mike, lots of internals to dig through here average Hourly Earnings show a chasm between lowerpaid employees in the country and those with higher wages who, judging from the data, lost their jobs at a slower pace. Yeah, no
On jobs numbers. More than 2 million jobs in the month of april. We will bring you the numbers as soon as they hit. Key of getting america back to work, search for treatment. Paul hudson will join me live at 7 10 a. M. Eastern to find out how they can be used as treatment and at home tests coming up. 7 30 this morning, and disney 1. 4 billion hit from the coronavirus. Entertainment giant saying the pandemic would impart part of its business for the foreseeable future. Take a look. Futures indicating at the start of trading this morning, better than 200 . S p is up 25, nasdaq up 78 after u. S. Markets posted second straight day of gains yesterday. The dow, nasdaq, s p 500 up 28 from lows on march 23rd, mornings with maria is live right now. Maria Global Market this is morning have a firmer tone. Take a look at european indices searching for some direction but strength in the ftse 100 in london, cac quarante in paris is down a fraction but the dax index is higher by 30 points. European u
The market did give back gains we had seen earlier in the session. Part of what we had been seeing with wti prices. Oil prices up. Wti potentially having seen the worst. Talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3. 5 . 23. 40 it has been a long time since weve seen these levels, andrew. It is joe, or becky. We may have to get tacos for joe at the end of the month. Dont worry about me, andrew. Thats like 6 for 12 tacos. What we have to worry about is the hypo allergenic malte opinion poo or whatever. I told you id be happier to see stocks higher so i could buy my own dog i thought, wait a second. Doughnuts for andrew taco bell. Then she slips in the hypo aller againic labradoodle. Shes smart. Andrew, where are we at we could be at 3,600 or 1,100 by the end of may who knows the reason i said that. Over time, i would have never bought stocks on may 1, which makes me think i should have well see. By the end of may, well it may be obvious to buy on