Is a warning to the entire industry. More planes into a collapsed market. Shery lets get started with a quick check of how markets ended in the u. S. U. S. Futures right now seeing some downside, down 2 10 of 1 at the moment. This after u. S. Stocks closed at a six week high. We have financials leading the gains. Surprisingly good earnings reports coming from Deutsche Bank which is helping sentiment. We have more positive sentiment and perhaps some expectation there could be more stimulus aasures given that we have trio of Major Central Bank decisions this week. 25 s p 500 up more than from its march lows. When it comes to the nasdaq, also gaining ground, about more than 1 for the regular session. Take a look at what oil is doing because we are seeing some upside for wti which is gaining about 1 . Backafter oil plunged below 12 a barrel. We are now seeing it just nearing 32 a barrel. We did get u. S. Drilling cuts but at the same time come we have the biggest oil etf in the u. S. , say
4 00 today and it will include 300 51 million for Small Businesses three hunter 51 billion for351 Small Businesses and money for hospitals and testing. I doubt if it has been changed a lot from now to the afternoon, and it will go a long ways to helping Small Businesses get the money they need to start their business up again after the government shut it down. And if there are any fiscal conservatives, as i am a fiscal conservative, wondering about spending this money, the rationale is for the first time in the 240 year history of the nation, theur government, state and local, made decisions because of public inlth that we had to shelter and shut the economy down. And when the government does that, the government has the responsibility to get the economy going again. 351 billionis makes up for the previous 350 billion that we thought was going to be enough to get Small Businesses started. But it did not turn out to be enough. Host it was tweeted by cnn about the minority leaders, sayin
All thatnd more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by Consumer Cellular offers nocontract wireless plans that o are designed to help youre of the things you enjoy. Whether youre a talker, texter, browser, photographer, or a bit of everything, our u. S. Based Customer Service team is here to find a plan that fits you. To learn more, go to consumercellular. Tv bnsf railway. Financial Services Firm raymond james. Fidelity investments. The john s. And james l. Knight foundation. Fostering informed and engagedun commities. More at kf. Org. And with the ongoing supportt se institutions possible by the coion for public broadcasting. And by contributions to ur pbs station from viewers like you. Thank you. Woodruff round four of rescue aid is on its way through the u. S. Congrmis tonight, for ions of americans hurt by the pandemic. Meanwhile, infections worldwidei have topped 2. Ion, including well over 800,000 cases and nearly 45,000 deaths here in
We will take you to the basic news, and we will begin with , a call to help negate the academic Economic Impact of the coronavirus. Michael mckee joints me now with more. Theres a lot riding on the next 24 hours. Mike a rescue package for European Countries should be based on the european stability mechanism rather than joint bond issuance. And another idea is to set up another European Fund that would guarantee bank loans to Small Business. And finance ministers meet tomorrow to discuss a package and then possibly the leaders would decide on something on thursday. Thehe other of the world, japanese Prime Minister is announcing the largest similars package ever for the country. He says he will declare a state of emergency in tokyo. Is equivalent to of japan. Of the gdp the first phase would be support for households and businesses affected by the virus, shut down. The second would aim to look at trying to stimulate a vshaped recovery in japan. The plan includes cash handouts to househo
Discussing just that, an early return to work. 9 40 eastern time today on this program. There is outrage at Speaker Pelosi loading up the stimulus package with a host of items unrelated to supporting workers and industries. For example, canceling post office debt, the return of obama phones, same day voter registration, 35 million for the Kennedy Center for performing arts. What has all that got to do with getting money to people who have just lost their jobs, millions of workers thrown out of a job. However, treasury secretary mnuchin and senator schumer did meet last night, and they suggested that a 2 trillion rescue package, stimulus package, is close. Well see. All this has given the market a shot in the arm. For much of the morning, we have been limit up for the dow jones average and at the opening bell, the dow will be up, what, 900 points, maybe more when the restrictions of the limits on trading are off. S p, nasdaq also up 4 , 5 . Clearly, investors like the 2 trillion rescue