We were up 259 earlier. S p 500, as you can see, it is up more than. 5 . We just came off the best sixmonth performance for the s p actually since 2009. Youve got the nasdaq higher right now, up 1. 5 . All of this, were watching. Were watching washington. House speaker nancy pelosi, treasury secretary Steven Mnuchin are continuing their discussions over this coronavirus stimulus bill that could pour trillions into the economy and help airlines, Small Business owners and the unemployed. We will have up to the minute details on the state of negotiations as they go on right now in washington. Then the travel industry is desperate for help from congress as a new study says the Hotel Industry might not be able to hold out much longer. One of the nations top hotel owner operators is here to tell us how his company is handling these challenging times. Hes here in a fox business exclusive. Meanwhile, pepsico is popping as people lock down at home during the pandemic, turned to its snacks and d
Congress where i played a role in the founding of the Homeland Security department. I call myself one of its grand mothers. One of its grandfathers that would be thad allen, or i think hes one of the grandfathers, im not sure, is on the call with me and the rest of you children are the successors and i think that it is really wonderful today that we are having i guess hes been phone now, a lot of zoom issues, with chris and a panel organized by meg king who heads our science, technology and Innovation Program and a number of a rest of you on the phone. The topic is whats critical, evolving the security playbook for managing ones, zeros and everything in between. While its not as much fun to see you all or some of you on line, chris is on the phone, its not as much fun to see you in person. If any group could make a conversation interesting its our science, technology and information program. Today were joined by the nations chief risk officer chris krebs, director of the department of
It started out boring earlier this morning. It is not boring anymore. John will do jon will do a data check. 0. 5 inaq 100 up a good the last 30, 40 minutes. I am going to say that the chancellor of the exchequer, or the egg shells, whatever it is, giving a speech in the United Kingdom really talks about the stimulus to come. That has been the underpinning to a good feeling about this market. Jonathan this is smart policy we are seeing from the u. K. , and it lays down a market for fiscal authorities elsewhere as well. Lets start with the labor market and with the chancellor is doing today. The chancellor is incentivizing the government is companies to bring back employees. They are really trying to help the young. The companies will want to be incentivized as well. How do you incentivize them . You offer them money to help hire young people. That is an important step as well. Now weve got to talk about the industry getting really beaten up. Restaurants, hospitality, tourism. The chanc
Austrias chancellor tells us shared debt is not the answer to the coronavirus crisis. Meanwhile, chancellor merrickle here in germany has a workaround for the dispute over e. C. B. Bond buying. Testing times. President trump says the u. S. Has prevailed in the battle to boost coronaVirus Testing to capacity. This as Boris Johnson is forced to water down his plans for rebooting the u. K. Economy. Plus, the fed dips into credit on the corporate side. Today marks the opening of a much anticipated facility to buy corporate debt e. T. F. , a key part of the Central Banks coronavirus strategy. Just you said an hour away from the start of cash equity trading in europe and the u. K. Lets take a look at futures here. Ftse n see that we have futures it is changed. Futures across the board are not moving very much, although at least in europe we see some direction. Everything moving to the down side. And more so when you look at the da x, the ibex and the ftse down a third right now. Take a look
Headline out of china, also a lot of focus on the dismal earnings we have had from Certain Companies and dismal economic data. China considering dropping the numerical gdp growth target for 2020. This is like a company saying it is difficult to forecast so we will not tell you. It happens in the corporate world and not usually with the country, certainly as big as china. I dont know if this will have implications for renminbi. The chief executive of alianza said we are underestimating the impact this will have on the yuan. Tom a shout out to Carl Weinberg who aggressively stated a month ago, forecast your economics as possible. It is possible we need first word news in new york city. Ritika President Trump is ramping up his push to reopen the country, saying americans should return to their everyday lives even if that leads to more sickness and death. He spoke in phoenix and may disband the white house tax form stearate tax force steering the government response to the outbreak. The e.