Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe even show up in the next si
Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the oil market. Stocks, they are going up, too. Reopening is popular with investors. Look at this. Lot of green, lefthand side of the screen. The dow is going to be up about 300. The s p up 36 and better than a 100 point gain for the nasdaq. Yeah, tuesday, may 5th, a positive tone today, if you ignore the everwhining media. Varney company is about to begin. Stuart lets get right at it. We will bring you an update on the reopening of the country. California and new york, both outlining their plans.
And full analysis. The stocks going into it are higher. Futures pointing to gain at the start of tradingment broader looks good. Look at futures. 280 points right out of the gate. S p 500 up 29, better than 1 and nasdaq higher by 115 points, one and a third percent. This after the dow, s p 500 much of the needed money. Lindsey graham right here. Former Vice President joe biden picking up major endorsement from former rival senator Bernie Sanders. Mornings with maria live right now. Maria Global Markets this morning also mix today. Take a look. Ftse 100 down 25 points. Cac quarante down 2 points but the dax in germany down by higher than 11. Better than 1 . French president aim to go start opening economy and schools on may 11th, in asia overnight green across the board, take a look. Good tone overnight for the asian markets, better than expected Economic News out of china this morning, exports were down in the month of march from a year earlier. Import down 9 tenths of a percent. Both
Ben leveson and jack howe. Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe
We will see you soon. Thanks, maria. Maria mark cuban joining us. That does it for us. Varney company is in session. Ashley webster is at the wheel. Ashley, take it away. Ashley thank you very much, good morning. Good morning, everyone. The phrase of the day seems to be light at the end of the tunnel and guess what, the market likes it. We are looking at another big rally at the open today, following that 1600 point surge to begin the week yesterday. Optimism that the coronavirus pandemic is stabilizing is fueling the market right now. Italy and spain appear to have flattened, even bended their respective curves. And new York Governor Andrew Cuomo says the numbers show new york, the epicenter of the virus here in america, could be at the apex. Also helping the market, a fourth stimulus, now being discussed between the white house and top lawmakers in congress. 1. 5 trillion in tax cuts and spending. As for the last stimulus, 5 billion in Small Business loans have already been handed ou