Discussing just that, an early return to work. 9 40 eastern time today on this program. There is outrage at Speaker Pelosi loading up the stimulus package with a host of items unrelated to supporting workers and industries. For example, canceling post office debt, the return of obama phones, same day voter registration, 35 million for the Kennedy Center for performing arts. What has all that got to do with getting money to people who have just lost their jobs, millions of workers thrown out of a job. However, treasury secretary mnuchin and senator schumer did meet last night, and they suggested that a 2 trillion rescue package, stimulus package, is close. Well see. All this has given the market a shot in the arm. For much of the morning, we have been limit up for the dow jones average and at the opening bell, the dow will be up, what, 900 points, maybe more when the restrictions of the limits on trading are off. S p, nasdaq also up 4 , 5 . Clearly, investors like the 2 trillion rescue
Therapeutics, the whole thing. Europe is down 5, oil below 25, that will take you back to 2002. So, yesterdays gains are obviously in jeopardy, since february 24th, the first big day of the virus selloff, the average daily move of the s p, up or down, 4. 9 jim, dont need to tell that you is unprecedented the market is trying to figure out how to deal with these Uncertain Times when you have Financial Health on the line and, of course, what we were talking about with separation, actual health. Its not processing it very well in part because the liquidity is not there, but also because weather in a highly emotional moment yesterday it looked like the market was up. The indices lie. What was really up were things like hormel. When we put shutters across the country, one of the first things to do was put in spam. Yesterday it was chef boyardee the wrong stocks are going up. The companies we invoked during thermonuclear war time that is what was up in the index, that and drug stocks a halfh
Performance for the dow and the s p since the great depression. We have fox Business Team coverage. Blake burman with the latest, with the president. Lauren simonetti watching the markets. Edward lawrence is live in d. C. Lawrence, lets kick it off with you . I have to say good riddance to the month of march and it was really awful. Let me tell you how awful it was, the worst month for talks since the 2018 financial crisis. If were talking, dow lost, nasdaq lost more than 900 points this month. Not one dow winner in the entire month of march. In fact four march, worst one for the dow and s p 500 since, ready for this, the great dedepression. Does it get any better for the First Quarter . Not really, the dow down 23 in the First Quarter of the year. S p down 19 . Nasdaq down 12 . We had a winner in the quarter, just one. Out of 30 dow stocks it, was microsoft up barely but in the green. The worst stock for the month, for the quarter on the dow was boeing. This is a stock that saw 330, t
Its quiet and i just want to remind people that certain parking restrictions are still being enforced. I dont think you can just go and not pay the meter. Theyre still trying to keep businesses open. This is traffic moving along very well. Transit system still working. A little rain here at the Richmond Bridge as steve has been saying. So that may complicate your drive wherever youre going. New numbers this morning. Researchers at Johns Hopkins University Say the number of coronavirus cases worldwide has passed 200,000. China, italy, iran, spain, germany have the most infections. Here in the bay area, there are 367 confirmed cases. Santa clara county has more than double any other county with 155 cases including five deaths z. San mateo is second, followed by San Francisco, contra costa, and alameda counties. Two of the bay area shelterinplace order. Once again the order says stay at home as much as possible. We expect to see empty streets and neighborhoods again and areas that are nor
One Infectious Disease doctor in washington with buckets of nasal flu swaps wanted to test those for covid19 it was told by the federal government no. Doctor helen hsu said screw it and started testing and found positives from patients who had no contact with the wutang clan. Hundreds of doctors, researching clinicians all across the country putting their energy toward solving this horror. But they are having to sidestep the federal government to get anything done. We are a little late but not all is lost their markets and labs to for the growing fear. I am convinced we will knock this thing on its yes, barriers are being moved, and that means innovation, necessity is the mother of invention. And this mother scratcher is ready to rock. Bureaucracy is the enemy, but you have a lot of friends out there who would use their individual superpowers to save the day and bring us back to boring old normalcy, and thats the memo. Kennedy one of the nations Top Health Officials of doctor fauci ske