49 cents today, 3346. You gotta see tesla, jeffries is alien that stock could go to 2500 a share, maybe 3000, its up 23 bucks premarket. As we keep saying, you are watching history. The open today, the dow is going to be down about 20 odd points, then we have the s p, its hit 17 new highs this year, itll be up again this morning, the nasdaq has hit 38 highs and up again first thing this morning. Blockbuster economic news, google good orders come up 11 . That is money, now politics. An audacious second night at the Republican Convention, the president parted a bank robber, then he surprised five immigrants making them instant citizens right there in the oval office. Mike pompeo appeared from jerusalem and niclas salmon said you cannot cancel me. But it was First Lady Melania Trump who stole the show at least for me. She walked down the white house and delivered a speech about growing up economy and is him and yearning to complement america. An immigrant who likes it here. I promise, you
Senator angus king and congressman Mike Gallagher. If i lived further north congressman al gore would be my member of congress. We are pleased to welcome Suzanne Spaulding who ill introduce people more formally prior to their also thomas fanning, two of the commissioners of the commission. First of all i want to thank the cochairs and that commissioners for the important work on the Cyberspace Solarium Commission. I think the end product is excellent. I think it has solid recommendations that a number of these are within our committees jurisdiction over the working hard to evaluate those and the ones that we can get them passed into law of these recommendations can be done through executive action. What id like to spend my time just enter my formal written state into the record, i just want to talk about two of the commissions recommendations. When i i got here in the congrs in 2011, cybersecurity was a hot issue. It still is. Its not going away. I remember the buzzword back ban is we
The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowest level since 2008 and pumping 700 billion into the Financial System. Were waiting for a rescue package from congress. Were waiting to see if the administration will put money directly into the hands of affected workers, helicopter money, for example, and into desperate industries. A kind of modern bailout. So whats next . We will find out in 90 minutes. At 10 30 eastern, Vice President pence hold
Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not. The fed, neil, you know this, basically what the fed has done in credit crisis over seven or eight month period t was done within hours this weekend markets reacted in the first 10 seconds. We dropped on the s p 500. We had a 15 minu
A number of orphaned british children caught up in the war in syria are to be brought home to the uk, says the foreign secretary. Murdered more than 30 years ago helen mccourts family say theyre horrified after her killer is recommended for release despite refusing to tell them where her body is. And why coldplay have announced that they wont be going on tour to promote their latest album. And at 11 30pm well be taking an in depth look at the papers with our reviewers, nicola bartlett, Political Correspondent from the daily mirror, and olivia utley, deputy leader writer from the sun. Good evening. Jeremy corbyn has launched labours general election manifesto and vowed to transform the United Kingdom if they win. He unveiled the wide ranging plans in birmingham promising what he called a green transformation of the economy and a manifesto for hope. A Labour Government would nationalise rail, mail, water and energy companies. They would build at least 150,000 new council and social homes