On cspan2 at 9 30 a. M. The Dc Circuit Court of appeals heels oral arguments in the perjury case against Michael Flynn and at 1 00 a virtual townhall with virginia senator mark warner and representative gerry connolly. Next a look at efforts to combat fraud and exploitation during the coronavirus pandemic with officials from the Justice Department, fbi and us secret service. They testified on price gouging, the hoarding of personal protective equipment and the filing of fraudulent applications under the paycheck protection loan program. The Senate Judiciary hearing is just under two hours. Good morning, thank you very much for attending the hearing and more will come in throughout the morning. Mister craig carbonito, phil hughes, associate attorney general, assistant director of the criminal investigative division, fbi, the assistant director of the office of investigations of the United States secret service. We are talking about this before, fraud related to the cares act, scams agai
Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem like theyre a little upset by yesterdays pullback you ment
Global virus infections tops 2. 5 million with more than 175,000 deaths. U. S. Cases climbed 5 . Their biggest increase since april 10. Its get you started when it comes to the state of trading in asia. We are setting up for this wednesdays session. Sophie kamaruddin in hong kong for us. Sophie we are seeing mckay futures edge slightly higher with s p eminis expecting more eruptions in the region after asia was led lower by india on tuesday. Earnings adding to that drag. The yen just Holding Steady in the face of a stronger dollar, which is trading at a twoweek high and gold just resuming gains with spot prices up 11 this year and bank of america is bullish on bullion, raising its cold 18 month target to 3000 an ounce. Moving onto oil now, wti for june back above 13 a barrel after slipping below 10 in the new york session, which was pricing weakness in the front month contract. They are allowing for negative options to be lifted from april 22. We are seeing the Oil Forward Curve shifti
Coronavirus in new york, Governor Andrew Cuomo saying there have been 481 deaths in the last 24 hours, holding below 500. Also some stabilization to hospitalizations. They are once again basically flat. We had about 1800 yesterday. Governor cuomo saying the curve is on the way down, but at the same time, we need to keep ourselves very vigilant. About 1300 people hospitalized with coronavirus yesterday. Hospitalizations basically flat. Overall virus deaths in new york , now 14,828. Meantime, the markets are registering losses today as well. The s p 500 down 2. 7 right now. Energy companies not doing so well. Neither our travel Companies Like expedia. Crude oil is in a category of its own right now. 3. 31 is what the current months contract is trading at. The dollar index might be more interesting to look at in some sense, at 100. 18. Some strengthening, including the hong kong dollar, which had to defend its peg because it reached the upper bound today. Above 47. The vix bpi ont months
Rossed 1. 57, on a gap basis, lower than anticipated. 5. 77 billion dollars, higher than what was estimated from analysts. In the case of netflix, it actually makes sense. These are the conditions in which people would be signing up for netflix and using it. First quarter screaming First Quarter streaming, adding an 8 million. 15 point this is a big beat in terms of the number of subscribers added to netflix in the First Quarter. Analysts were looking for 8. 4 7 million. If you look at healthy stock is performing, it is getting a bit of a pop here. Up about 6 , 7 . Texas instruments numbers crossing the wire. We will start with the forecast. , 2. 6are saying q2 revenue one billion to 3. 1 9 billion. Almost a half billion dollars difference there. Buthe lowend, very light, on the high end, about what analysts were expecting. It is down 7. 3 on a yearoveryear basis. Ebs, . 64, estimate was for . 93. These are some wide ranges. I want to bring back into the conversation, alicia levine, bn