Welcome everybody. Our breaking News Coverage of the market continues now welcome once again to my kitchen. Big rally to end the week on wall street. The dow up about 400 points right now on reports that coronavirus patients are responding positively to a gilead drug. Its tale of two dow stocks today. Boeing surging as it gets ready to resume airplane production in Washington State apple is sinking as Goldman Sachs says the stock could fall as much as 20 on lesser iphone sales. Crude getting crushed. Just how low can oil go . What happened with all those production cuts. Kelly. Welcome. Over to you. Thanks so much. We have full Team Coverage we have a rally, kelly. Its getting harder to push it forward. Were now pushing up against the 50day moving average for the s p 500. Sectors that are most beaten up this week are doing well we highlighted this all day. Finally small caps out performing banks out performing home builders, industrials oil down as much today even the energy stock is r
Cases of covert 19 but 1st lets start by talking about. The global death toll still on the rise with more than 25000 people and nearly 555000 back to the United States now leads with the most confirmed cases in the world with more than 86000 infected and nearly 1300 fatalities new hotspots are emerging across the u. S. And chicago detroit and new orleans Vice President mike pence downplayed trumps comments over reopening the economy by easter saying the president expressed really an aspirational goal as we continue to follow the data on thursday g. 20 leaders held a Virtual Meeting where they vowed to Work Together to combat the virus we talked about the problem. And hopefully wont be a problem for too much longer the United States is working with their friends and partners around the world to stop the spread of the virus and coordinate our efforts we discussed how vitally important it is for all of our nations to immediately share information and data and weve been doing that to a lar
A hit. Wanted for Drug Trafficking in the u. S. Charges venezuelas president with what it calls narco terrorism and offers a reward for his arrest. A surprise twist in Israels Parliament Opposition Leader benny gantz is elected speaker signaling a unity deal Benjamin Netanyahu. So then another spike in the number of new coronavirus cases in italy has taken the global total to more than half a 1000000 more than 6000 infections and 662 deaths have been reported in italy in the past 24 hours and this means 80000 people have the virus just 1000 behind chinas total another e. U. Country struggling to cope is spain 650 people have died bringing the toll that to morrow. Than 4000. 00 across the United States nearly 70000. 00 people have been infected and the death toll now exceeds 1000. 00 the senate has approved a 2 trillion dollars package to support the economy as a number of unemployment claims sause to a record 3200000. 00 and india has unveiled a 23000000000. 00 stimulus package to prov
Of covert 19 but 1st lets start by talking about. The global death toll still on the rise with more than 25000 people and nearly 555000 back to the United States now lead with the most confirmed cases in the world with more than 86000 infected and nearly 1300 fatalities new hotspots are emerging across the u. S. And chicago detroit and new orleans Vice President mike pence downplayed trumps comments over reopening the economy by easter saying the president expressed really an aspirational goal as we continue to follow the data on thursday g. 20 leaders held a Virtual Meeting where they vowed to Work Together to combat the virus we talked about the problem. Really wont be a problem for. The United States is working with their friends and partners around the world to stop the spread of the virus and coordinate their efforts we just go so vitally important is for all of our nations to immediately share information and data and weve been doing that to a large extent but will do it even mor
A nationwide lockdown earlier this week which many predict could last up to fix months for more numbers and information on the coronavirus be sure to check out our portable the t. V. Up and look for the section trucking coronavirus and were going to bring in. To tell us more about the Global Impact but its having on the economy. Now once again the market isnt buy the rumor sell the news mode as the historic rally of nearly 20 percent in the previous 3 trading sessions faded and where once again timely 600. 00 points off the open market moves or the past 3 weeks have been fast and furious and the volatility has no indication of slowing down the temporary euphoria from the stimulus shot has subsided and were left with the grim reality that the u. S. Is now the new epicenter of the coronavirus now after much delay the house on friday passed a 2 trillion dollar terrorist act which stands for the coronavirus aid relief and Economic Security act and the now has to present trump to sign into