Central part of the country. 202 7488001 for the Mountain Time zone. Send us a text, tell us where you are texting from and your name at 202 7488003. We also welcome your comments on twitter and on facebook, facebook. Com cspan. In many parts of the country, decent weather over the weekend, drawing people out, combined with looser restrictions in some states. An Associated Press story and the Washington Times, wellbehaved crowds coming to beaches and parks. Everyoneweather to seemed to cooperate at an oceanfront park on saturday as new jersey reopened its state parks, people itching to get sand between their toes after months of being cooped up. Island beach state park was among the parks to reopen, drawing several hundred to a beach that routinely handles thousands during the summer. Hours, almost all of the crowd stated six feet apart. They also right that the new jersey governor said he was pleased with the initial reports, not only from the beachfront park, but other state resorts
Were not seeing anything like that today. We have tech stocks that are lifting the nasdaq right now. Dow is down about 44 points but the nasdaq looking nice and strong here, up 94 points. The coronavirus pandemic of course is still causing not glitches but massive disruptions in particularly the u. S. Meat supply. Shortages are now upon us, as stores now limit purchases of beef and pork and chicken to prevent hoarding. That has beyond meat surging after the plantbased meat giant reported better than expected quarterly earnings. That stock up 23 . But its biggest competitor, oneupping beyonds good news. Impossible foods and its ceo pat brown are here in a fox business exclusive on his huge deal that he Just Announced with kroger and how virus hot zones are popping up in meat plants and spurring consumers to make a big change in what they are putting on their dinner table. And as lockdowns linger, more companies are realizing that keeping employees working from home might actually improv
Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical bre
Pandemic kering gets paired down with gus gucci sales down volatile trading again in oil as brent bares the brunt of the selloff. Nearing 21year lows producers battling the glut and depressed demand the u. S. Senate passes a new 500 billion relief fund package. This will go to hospitals. Loans for Small Businesses and some assistance in the funding for testing. You cannot tell people to go out in the streets without adequate testing or the fear is that corona will come back doubly as hard as it came the first time a very warm welcome to street signs. European markets starting the morning off on a high note currently trading about 1 higher following a steep selloff with the main benchmark breaking the win streak this morning, european corporate earnings taking focus. We had a number of Earnings Report a raft of Different Industries movement around dividends and a lot of pressure on earnings. Companies sounding a more optimistic tone in the second half of this year and beyond 2021 Energy
South korea, president moon calling the current Economic Situation as an emergency. The rhetoric is not positive even as what we see the beginning of a stabilization for some of these virus cases coming out of china. Certainly, the attention is on what regional economies are going to be able to do to support Economic Growth. Lets take a look at what we are seeing on the markets. A milestone for Chinese Markets in recruiting some of those losses since the Lunar New Year break, but we have seen very little positive price action since then. Absolutely. A little bit of a tempering of the positive tone we had seen. After we made up the post Lunar New Year losses, it is notable that you look at stocks on the mainland and they are trading lower, but off by just 0. 1 , so trying to hold in, trying to higherd continue to move with the cautiously optimistic town. Off slightly to the downside. Where we do see losses leading the way, that is in hong kong and japan. Both the hang seng and the andei