At 8 30 a. M. Eastern. Major retailer reportedly ready to file for bankruptcy. Commerce secretary wilbur ross will join me in 30minutes time. Markets look like this, fractional gain at the start of trading, dow industrials up 13 points and s p half a point and s p nasdaq up in 22. Dow trails finishing up 377 points, the nasdaq was up 32. Headed for third consecutive week of declines. Controversy is growing in general flynn case. Calling for fbi report that officials claim have vanished. Mornings with maria live. Global markets look higher across the board. Cac quarante is up 34 and dax index in germany up 179. Bank of england governor Andrew Bailey says negative rates are not being considered this following comment of jay powell this week and Germany Economy shrinking 2. 2 in the First Quarter. In asia markets were mixed. More signs of slowdown in china overnight. Retail sales there for the month of april were out, they were down 7 and a half percent. Then there was industrial output s
A show for you today to lets go and dive right into. The krona virus pandemic has infected more than 3500000. 00 people globally and reached a death toll of nearly 250000. 00 while the rate its slowing more European Countries are lifting restrictions on their reopening their economies italy cautiously lifted some restrictions while others remain in place spain reported its lowest number of cases in 2 months and marked a 6 week record low of 164 deaths and 24 hours south korea plans to gradually reopen schools starting next week as social distancing measures were relaxed while other countries continue to see a surge in cases the death toll is expected to overtake italys as of sunday the u. K. Saw 28446 this is just. Behind italys 20884. 00 japans Prime Minister shinzo ave announced it would extend its walk down until may 31st. To you to let you know when that has not reached the explosive. Infections as an older countries and some positive results are beginning to appear such as the 50
Than 1 . Connell, im not convinced about the report of california staying closed for another three months. We saw a big leg down on that, near session lows. Plus at the white house this hour, President Trump is preparing to sit down with republican senators just moments after nancy pelosi and House Democrats unveiled a new aid package worth 3 trillion, because money grows on trees. Fox Business Team coverage. Break burman with the latest from the white house. Lauren simonetti watching the markets and Edward Lawrence is in washington. Lets kick it off with blake. Reporter melissa talking about moves in the washington. President trump set to meet with republican senators. That meeting comes after House Democrats today unveiled their next step proposal, their phase four relief proposal. Nancy pelosi unvalling the heroes act as she calls it. An 1800 page bill. Through it all, roughly 3 trillion it proposed in relief. Let me tick through some of the items. Calls for 500 billion to states, 7
Expecting to hear from President Trump momentarily in the rose garden here as the president and the white house will tout the progress that has been made on testing. Senior Administration Officials say across the country, 1. 9 million tests over last week, nine million since the start of covid19. Senor officials are pointing to go going ward, that 11 billion set to the states, that is money set aside in the cares age. They identified state goals and needs for month of may. Earlier today, Vice President , when he spoke to state governors encouraged those governors to have Staff Members within Nursing Homes tested. Testing of course what many positives want to see ramped up before states reopened but the president criticized many governors, the president saying that he believes that states arent reopening because of politics this Election Year this is part of the tweet from President Trump earlier today saying quote, the democrats are moving slowly all over the usa for political purposes
Indices as you can see up 2 and a half percent on the dow, 6 higher on the nasdaq and 3 higher on s p 500 for the week. The dow, nasdaq and s p 500 up better than 30 from the lows hit in late march. Well, a judge could officially toss the case against Michael Flynn out today according to his lawyer. Meanwhile attorney planning me that flynn go all the way to the top, meaning then president obama. The very latest fallout this morning. Elon musk going on after another twitter rant. Hes suing over restrictions that kept tesla from restarting production in california and remove the automaker from golden state. Disneyland opening to sellout crowd. Enters a whole new world and laying out a blueprint of what parks can be here. My sitdown with President Trump, the very latest on getting america back to work. Thursday morning right here beginning at 6 00 a. M. On mornings with maria, mornings with maria is live right now. Global markets this morning look like this. Ftse 100 down 21 points, cac