[inaudible conversations] good morning good afternoon. Thank you for coming i am proud to be joined by my colleagues new covid19 cases are accelerating at an alarming rate throughout several states and the economic threat continues to hound American Families and businesses across the country. Even in the popular ppe program runs out of lending starting today while so many Small Businesses in our communities continue to struggle they may have been rejected in the past and Small Businesses can no longer apply for these funds after today and like Everything Else when it comes to covid our republican colleagues are doing nothing. So i along with the Small Business Committee Ranking member and senator shaheen will attempt to pass simple legislation to extend the Loan Authority of the ppe we will tell them they are leaving Small Businesses hanging out to dry the republicans are missing in action with the crisis we have had the largest and generations the greatest economic crisis since the de
Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th
With any recovery increasingly week. And the senate backs a bill to punish china for tightening its grip on hong kong. U. S. Banks may be hit if they continue to do business with beijing. Shery u. S. Futures flat at the open, after we saw u. S. Stocks jumping in late trade. Major indices all gaining at least one present in the regular session, after fluctuating through most of the session. We saw some moves to buy the dip. We have the pandemic in the u. S. Raging. The s p 500 rising the most in a week. Only banks were solidly in the green after regulators eased the volcker rule that will free up capital. We also had mixed data in the u. S. Jobless claims higher than forecast for a second straight week. Take a look at what oil is doing. We are seeing upside pressure, up 1 , around 1 , above 39 a barrel for wti. We saw whale under pressure earlier this week, but russia slashed exports of its crude to the lowest in at least 10 years. That gave crude prices a boost, haidi. Haidi as you men
Appear in the rotunda shortly to honor officer Brian Sicknick, who was murdered in the invasion of the capitol. He died at 9 30 p. M. The night after the capitol was invaded. And at 9 30 p. M. Tonight his remains were returned to the capitol. The honoring of officer Brian Sicknick tonight has been reserved for members of the Capitol Police. Tomorrow morning members of congress will have an opportunity to honor Officer Sicknick. Brian sicknick is the third Capitol Police officer to be given this honor of Lying In Honor in the Capitol Rotunda after being killed in the line of duty. In 1998 two Capitol Police officers were shot and killed by a lone gunman who rushed through the Metal Detector at the capitol, shot officer Jacob Chestnut in the head, officer john gibson was in a free Fire Exchange with the shooter. Officer gibson was killed and both of theirtua, where they were given this honor of Lying In Honor. And thats the scene in 1998 when officer gibson and officer chestnut were Lyin
Dow jones up better than 600 points. S p 500 racing ahead. Over 200 day moving average. A lot of technicians Pay Attention to that. Chicken entrails and tea leaves to moi. A lot of people Pay Attention. Nasdaq three or 4 from alltime highs. Already in positive territory but from all time highs. Greasing the skids, hope for a vaccine sooner than later and Nine Companies are into that, thats right, Nine Companies. Well get into that in a second. Optimistic comments from companies as we speak from andrew cuomo. Hospitalizations also sliding. Number of deaths also sliding that could be a Promising Development when we open up entirely the empire state. The whole drill there is up state, down state, new york city region, everything north. Right now there seems to be growing talk eventually getting new york city addressed. Were on top of that as well. Jackie deangelis following all the fast moving crosscurrents. Jackie, what have you got . Reporter good afternoon to you, neil, after a Holiday