That is here in the room and our teleworking reporters and those who are joining us on television, radio or on streaming service. I want to thank again the reporters and the press who are working so hard to cover the vital stories of this pandemic. More than ever, people need clear, factual information to rely upon. In particular i want to thank the Illinois Broadcasters Association and tv and radio stations all across the state who are joining forces today to combat hunger and food bank shortages during this crisis. One of our hardest working Agency Directors during this crisis is department of Human Services secretary grace. She is here today to talk about the essential role of the Philanthropic Community and our response to covid19 and in maintaining the continuity of Human Services. Im also incredibly glad to have with us to be one of the most nations formidable voices for vulnerable people, families and children who works hard for us every single day representing the state of illi
Illinois governor gave an update on the States Coronavirus pandemic. He was joined by his sister former commerce secretary who spoke about efforts to raise money in her capacity as chair of the illinois covid19 relief fund. We will also hear from senator richard durbin. Good afternoon to everybody who is here in the room and our teleworking reporters and those joining us on television, radio or streaming service. I want to thank again the reporters and press working so hard to cover the vital stories of this pandemic. More than ever, people need clear, factual information to rely upon. I want to thank the Illinois Broadcasters Association and tv and radio stations all across the state that are joining forces today to come back hunger and shortages during this crisis. One of our hardest working Agency Directors during this crisis is department of Human Services secretary. Secretary is here to talk about the essential role in our response to covid19. And maintaining the continuity of Hum
Terrible composite pmis from the region. Oil continuing that recordbreaking rally yesterday. Some delegates a little bit more optimistic about getting deals done. Now i want to update you on our top stories from our new york team. We want to begin with europe. Thentioned the economies in slump of unprecedented scale, pointing to a contraction of about 10 . Bloombergs Michael Mckee joins us with more. Good morning, mike. Michael we are getting to the point where Economic Data are almost irrelevant to investors. Yeah, it is terrible. We know that. Weve traded it. Thats why you are not seeing a huge reaction in equity markets in europe because it was largely expected. It is sort of exactly what you think wouldve happened. Services pmis and composite pmis just falling off a cliff. The story in spain and italy there, but also france and germany. Those economies have basically shut down. Economists try to put a number on what that means, and that is where you get that 10 contraction figure,
Zero, in an attempt to save the u. S. Economy from coronavirus fallout. But the markets are not impressed. Yields fall off a cliff and futures trade limit down. An historic slump in east asia. The Economic Impact of the virus is laid bare by the latest data from china. Retail sales, fixed investment, and industrial al output all plunge. And europe widens its lockdown. Cases across the continent surge as the government shuts down the borders in europe. One aviation consultant says the new no travel norm threatens to bankrupt most airlines by may. We are getting headlines out now from Fiat Chrysler, saying it is going to halt its facility, shut down factories in syria, italy, and poland. They said those factories will probably close this month. We already had headlines from ferrari saying they would shut down production. And maseratiysler, will suspend all production in europe. This is in response to the spread of the coronavirus. It is important to keep social distancing when you are wo
The dow down as much as 123. The s p is up and the treasury at this point, it looks like the yield has been something people are watching again you dont want to see these move up too quickly it has shown some strength wti, yesterday was down 24 . That was the third worst day ever for oil prices. 18year low. This morning, wti is up better than 13 last i looked it was around 23. These moves with the dow, s p and massive moves yesterday in the market, all of us were a little relieved when the 4 00 p. M. Bell range. I was happier like you. I dont even know what you are thinking at 2,300. When it comes back 1,000 mike spointed out at one poit the dow was down 2,300 points. Im reaching for straws in the ocean but walmart. New highs. Close to alltime highs. I know why i know all of that if walmart lives, i think im going to live. I hang my head on amazon hiring another 10,000 people you saw amazon hiring like 10,000 people. People are still shopping. Becky, i saw we wrote an article. Higher y