Gilead sciences, as you heard from maria, positive news from a government trial of their remdesivir and also from two of their own trials. Positive news on a treatment. That sent futures straight up earlier this morning and look at the stock, also straight up, 6. 8 . Thats the effect of this effective trial of remdesivir. Up go futures, up goes gilead stock. More on this in a moment. A second reason for the dows gains, investors expect a strong recovery for the economy starting in the summer. The market always looks to future conditions. Theres a third reason. The Federal Reserve is likely to say today they will do whatever it takes to stabilize your money. Wall streets expecting more stimulus. The dow will be up close to 550 points at the opening bell, close to 2 . The s p up 2 . The nasdaq solid indeed, up over 2 . We had boeings numbers out this morning. Continuing problems, but its cutting 10 of its work force and investors like that. The stock is up nearly 6 . Okay. More on all th
Security. Then. Personalcare businesses can reopen for appointments only. Chris oklahoma among the first states to reopen businesses, raising questions about Public Health. We will ask Governor Kevin Stitt about criticism its too much too soon. Plus, foreign powers flex their muscle in the midst of the coronavirus. We will ask or send panel about the new test of american resol resolve. Chris and our power player of the week, a broadway legends quest to spread joy and hope after his own battle with the coronavirus. All right now on fox news sunday. Chris and a low again from fox news in washington. The u. S. Death toll from the coronavirus now tops 53,000 in just two months. The americans killed in the vietnam war over 19 years. Some states like georgia and oklahoma are starting to reopen businesses despite warnings from Public Health officials that relaxing restrictions too soon could lead to more cases in more deaths. But the economic pain is severe. Record unemployment not seen since
Storage is limited amid the coronavirus prices. Oil closing, folks, at the lowest point ever seen since the original Oil Futures Contract began trading back in 1983. The drop is choking the stock market. We are very close to session lows at the moment, with the Dow Jones Industrials down as far as the biggest percentage loss here, 2. 25 or 534 points to the downside. The market action, believe it or not, would actually have been worse if it werent for the fact that we could be just about 72 hours away from another half a trillion dollar infusion from the federal governments financial fire hose, as congress inches closer to a deal to replenish the Small Business loan program. Congressman kevin brady, republican of texas, is the Ranking Member of the house ways and means committee. He is here live and we are going to ask whats going on behind closed doors as best he knows, and whats the plan eventually to pay for all of this spending. We are learning that some of the rescue money went wh
Over its next attempt to provide billions more in stimulus but what happens if the impasse drags on . The democrats want guarantees that some of the money will go to hospitals stressed by corona victims. Gop congressman Roger Marshall of kansas is a doctor who ran hospitals. Hes going to walk us through the top medical and political issues blocking additional aid. The Million Dollar question both democrats and President Trump are asking, when will president obama officially get his shoulder behind president ial candidate joe biden . We will ask obama confidant robert wolf. Plus grocery chain stores stop n shop teaming up with unlikely partners to protect its customers and staff. First on fox business, stop n shops top dog, gordon reed, on his uber big announcement. Guess whos seen a 1,000 increase in its business . Next year in jerusalem but for now, we are kind of stuck with zoom. Exclusive pictures, i know you are waiting for this, from my zoom passover seder coming up. Less than an
Weve gone from 18,000 on the dow to well above 24,000. Look at this. The dow is going to be up over 700 points this morning, firmly above 24,000. Thats a gain of over 3 . Weve got a 2. 5 gain on the s p and the nasdaq, 1. 7 . Now, that is a friday morning rally. Boeing sure helps. It is reopening plane production at a plant in Washington State. There are major gains all across the board, especially for big tech. We will have details on that in just a moment. But look at this. The price of oil, sinking. We were all the way down to 18 a barrel at one stage this morning and right now, we are back to 17. 77. Just as plans are being made to help the flat on its back energy industry. Gas prices, look at this, down again. 1. 82 is your nationwide average and its still coming down in wisconsin. Can you believe an average price in that state of 1. 25. I will say it again. 1. 25 in wisconsin. All right. Can you believe this. Speaker pelosi says no to more help for Small Business. The money has r