As the original aid package and agreement expires. There is talk of the stimulus plan, the environment for them does not look good. Well go live to a number of national airports. Linear air, big in the private arena. They have and all tern tiff for you. They say business is booming. President will be out to new jersey, a fundraising event at his club. He will be whisked back to the white house. Republicans and democrats are pulling out all stops to raise as much money as they possibly can. Back to the stimulus measure. What we can make of it as it comes to pass, not that long ago, a lot of people were worried about the government shutting down and wouldnt come together in an agreement to keep government lights on. At the last minute they cobbled together something. The president signed off on late last night. There is no government shutdown. For the naysayers out there, assuming all the worse when it comes to stimulus, maybe not. Chad what are you hearing . Reporter let me be very clea
At here. What is happening in new york city bears watching because if this phase one plan goes well in couple weeks, they could extend to restaurants, other offerings. It gets a little it about more involved than that. Kristina partsinevelos following it all. Kristina. Reporter neil, you said the word busier and that is a great way to explain it. There is a lot more traffic on the street. A lot more people on the corners. Im seeing people waiting in line on bus. A lot of retailers in the city remain closed. Im in times square, normally we would be packed like sardines trying to get to a shop. The old navy behind me, the gap behind me kept their doors closed. Phase one is supposed to allow, agricultural, manufacturers, construction sites, retailers all to open their doors but were seeing not even Curbside Pickup. A lot of major retailers saying theyre holding off. They want to see if people are comfortable going back out on the street especially since many businesses urged their workers
Still not many people. We will be tracking this story throughout our three hours. Nearly half a Million People will be returning to work in the city. And they are returning to work, by the way, to a city whose mayor is pushing to defund the Police Department in the wake of the george floyd protests. A lot of pushback on this, as you can imagine. We will get into it. Including from the president. He tweeted this just moments ago. Law and order, not defund and abolish the police. The radical left democrats have gone crazy. And Hillary Clinton, by the way, well, shes had another deplorables moment when speaking about trump reporters and we will have that for you as well. Im Ashley Webster. The big story for dyou today on monday, the markets pointing upwards. Varney Company Begins right now. This will go down in history as the biggest positive data shock for the markets and the economy. Its some combination of an incredibly resilient economy thats bouncing back, the impact of government me
And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right
Buildout a social media army in california. Hiring hundreds willing to spread the word about his campaign. California is a big prize up for grab on super tuesday, representing 30 of the delegates up for grabs on march the 3rd. You will hear this over and over hammered on the stage tonight, that mayor bloomberg is looking to buy the democrat nomination. A different stance from his position 10 years ago when he was a republican an mayor of new york, selling financial extensive data to wall street traders. Now his wall street plan is more liberal and more left. What about the. 1 transaction tax . That would raise 770 billion according to the congressional joint tax committee. For 1000 transaction stock purchase you will 11dollar tax. Less than what Bernie Sanders is proposing, a half of a percent on stock trades. He wants to merge fannie and freddie. Lenders carry more reserves and volcker rule and tougher banking regulations. Were looking at his past stances if we can bring it up. Before