Quarter. We are down 1. 4 on the s p. Weve got a big show coming your way well speak with the ceo of hologic which says its new coronavirus test could help increase the countrys Testing Capacity and a massive afternoon of earnings. Apple, amazon, gilead, visa and whirlpool. And an exclusive interviiew when i will pools ceo. Michael tracking the market on this final day of the month. Courtney has a strategy update for macys and julia is watching big moves for media stocks mike, start us off with the market down day, but big up month and a big five or six weeks since the market low take a look at the s p this is a twoyear this was a 35 drop on intraday basis. To yesterdays high, it was a 35 rally off that lower level so very sink niehaus in that way. I also point out that right around here, 3005, people are talking about how its gained more than 60 of the overall point losses that has some significance its kind of a may period. Seasonals get weaker and yesterday was kind of a big headlin
Alphabet, apple, companies in the s p 500. Folks are going to get a real snapshot. Aey are really going to get much better sense of how these Companies View the next couple quarters. It will be interesting to see whether investors are willing to look past those quarters and whatever help they may have for some type of recovery. George, global macro strategist at Bespoke Investment group. A lot of folks are focusing on the Consumer Spending side of the equation. Once we are all free to move about the cabin, so to speak, we are going to go back to spending money, buying things. The other side of this equation is something that wasnt in good shape prior to covid19, business spending. Do you anticipate any material rebound from businesses sometime this year . Depend on is going to the economy. I cant say theres no chance of a rebound. I think tracking how Business Investment evolves is going to be somewhat of a challenge. Acts isance, oil cap going to fall dramatically. It is a much smalle
And jobs from the Virus Outbreak donald trump also pledges to bail out the u. S. Oil industry after prices they put into negative territory for the 1st time in history and serious questions are being asked about the true number of coronavirus related deaths in england and wales. The current a virus pandemic could lead to famines in dozens of countries pushing tens of millions more people around the world to the brink of starvation a un report has highlighted the vast number of people around the world who are now acutely food in secure the World Food Program has requested 350000000. 00 to set up a network to keep humanitarian supply chains moving around the world. No samples yet but i must warn you that if we dont prepare and act now to secure access avoid fundies shortfalls disruptions to treat we could be facing multiple famines of biblical proportions within a short few months the actions that we take will determine our success or failure and build a Sustainable Food systems as the b
Underperforms. U. S. Energy tells cnbc he thinks the worst has passed i think with the rest of this conversation with opec was sim simply to do that. A bailout of the air sector fails to lift. Banks also underperform after jp morgan and wells fargo see their bottom lines hit the imf warns the Global Economy is facing the worst down turn saying at least the Financial System is in Better Health than it was in the 1930s. On the economic front, it makes a big difference there are lenders of last resort they are able to come in and show sufficient liquidity and play a major role in supporting funds and households we have an Important Oil report just crossing let me walk you through the latest it has said Global Oil Demand will fall by a record breaking amount because of the lockdowns due to covid19. It has brought mobility almost to a halt. Crude will drop an average of 9. 3 Million Barrels a day in 2020 that is a record demapped in april will fall by 29 Million Barrels a day to a level not
Hospitals during the pap. Ndemic. He talked about actions hes taking to temporarily suspend all immigration into the u. S. Due to the virus. President trump thank you very much, everyone. Big day today. I want to start by saying that our love and prayers to every american continue to be with our fellow citizens who lost a cherished friend or Family Member to the virus. We are making tremendous strides against this invisible enemy thanks to our Aggressive Campaign gets the virus and the talent of our medical professionals. Mortality rate remains half of that of many other countries and one of the lowest of any country in the world. And thats due to a lot of things but our medical professionals have been incredible. Since we announced our guidelines on opening up america as we call it, opening up america and i think we can add the word probably again, but thats what it is. We are opening up america. 40 of the u. S. Population have announced they are making plans and preparations to safel