Topal coronavirus cases 16. 3 million as the republicans lay out their 1 trillion plan for the next round of u. S. Stimulus. Democrats are expected to join the conversation shortly. Begins final stage testing of the Covid Vaccine is the government releases another half a billion in funding for the company. We hear from the ceo later this hour. Shery lets get you to the press conference happening right now. Senator Mitch Mcconnell presenting the republicans 1 trillion plan on stimulus measures for the u. S. Economy. You are listening to senator grassley who is taking to the podium to say what these deals will consist of. Take a listen. Adults, orey somebody elses dependent. Have additional unemployment insurance. Thats on top of whatever the different 50 states give. And on top of the Economic Impact statement i just gave. We want to continue to help the unemployed, but we want to encourage work, and weve learned a very tough lesson that when you pay people not to work, what do you expe
And nasdaq. Strong market gains for the Bluechip Companies. Just using two of them as an example, we have apple up three dollars, microsoft up at 146. They have been higher than that earlier. Microsoft up earlier. Did they hit bottom this week . A lot of people have been buying them. Were asking that question. I hope a bottom for a lot of companies. Oil moving up to 25. Barrel. Its down 15 cents now. The government is buying oil but the petroleum written for the petroleum reserve. Whats he going to do about the russian and saudi attack on american drillers. We will ask that question to him. Gas prices tumbling. The National Averages 2. 17 a gallon falling about two cents a day. In oklahoma the averages a dollar 80. In california its 3. 25. According to gas buddy we will be down to a National Average of well under two dollars very soon. Lets get to the spreading virus. We will show you Street Scenes from around the world. Same story all over. Ghost towns, empty streets. Economists at a
This seems to be more near tracy, westbound 205 near 11th street. There is a lane blocked. You can see the red there causing heavy delays. It is starting to get busy at the bay bridge toll plaza. The cash lanes are getting a little bit of a delay there. Northbound 101 from highway 85. 18 minutes and another update coming up shortly. Thanks, vianey. A live look right now were going to talk about capitol hill and this morning President Trump is waking up as the third president in u. S. History to be impeached. Last night the house vote happened after a full day of debate. Now the process moves forward to the senate. There are questions about a trial being delayed. Tracie potts is live where history may be unfolding. Reporter it is. So we now know that impeachment is a reality. What about acquittal . Will the president get a trial anytime soon . Theres question after what House Speaker nancy pelosi said last night after the vote throwing a bit of a twist into step two. For only the third
A piece over the weekend diving into the tech giants Cloud Computing arm saying its quote snuffing out the competition. Joining us now to discuss with us on set. Happy monday. Good to have you. The central question i think here is when is this sort of behavior selling your house brand not okay Grocery Stores do it. Best buy does it. You know, they got best buy internal brand tvs and what not. Is amazon so powerful and got good market share that this becomes kind of a soul crushing and anticompetitive activity. This is one of the Biggest Companies in america inside one of the Biggest Companies in america. If you spun it off it would be massive within amazon which has been accused of this kind of thing around retail, around all kinds of services it offers, its not a great look for it. Actually, this company even though google and others have gotten into the business, it still dominates and keeps it rating feature after feature after feature. If youre a Small Software player, youve got to
The hang seng at the moment. The two thirds of 1 . Lets look at what is going on with the nikkei. Market, we are seeing a move to the upside. A case of bad news and good news. Indicating they could institute Interest Rate cuts. Lets get to the other asset classes. This is where we find ourselves at the moment. It must have been quite a meeting between the fed chair powell and his boss, the president. It must have been. A yield to that has barely been budged in. We have been seeing them lurch higher. More uncertainty in the haven buying. Pence against the euro. That is sterling moving to six month highs against its european counterpart as the threat of a hard brexit recedes. Aussie dollar moving to the downside. Just under . 68 u. S. Where it istuation to the downside potentially. Theyof many are saying would not be surprised to see a 66 handle in the nottoodistant future. Then we have the Violence Center stage in hong kong. It is continuing. That continues to be our top story right now