Around the world. The coronavirus outbreak is first and foremost a Public Health crisis and the most important response is coming from those in the front lines in hospitals, emergency services, and care facilities. On behalf of the Federal Reserve, let me express our sincere gratitude to those dedicated individuals who put themselves at risk. The forceful measures that we as a country are taking to control the spread of the virus have brought much of the economy to an abrupt halt. Many businesses have closed, people have been asked to stay home, and basic social interactions are curtailed. People are putting their lives and livelihoods on hold at significant economic, and personal cost. All of us are affected, but the burdens are falling most heavily on those least able to carry them. It is worth remembering the measures we are taking to combat to contain the virus are an investment in our individual and collective health. As a society we should do , everything we can to provide relief
Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s
There have not been big problems to note thus far. We do not know about cases whether well see a spike in cases. It is inevitable we probably will. They just want to keep that relatively contained. Welcome, im neil cavuto. Youre watching coast to coast. Were on top of the president en route to phoenix, arizona, visiting a honwell facility that has been retrofitted for respirator masks and the like. Blake burman on what we can expect to hear from the president later today. Hey, blake. Reporter hi, there, neil. As a lot of these states start to open there is a lot of focus on the different models out there what they project. By and large the white house is standing by the imhe model coming out of the university of washington. It is new projections over the next few months between now and august 1st, there could be by that time some 134,000 covid19 related deaths. However when you look at the model it is showing that the daily number of deaths will be decreasing over that time as well. Th
The n95 mask. Will he or wont he sport one . Thats the least of our interest here. We will take you there as soon as it begins, because there may be some big news. As wall street looks at a second straight day of gains, investors are ignoring what we all know has been a pretty stunning economic slowdown. As american businesses, though, begin to crack the door open amid the coronavirus, will that bring fresh oxygen to u. S. Growth . Glenn hubbard is the dean emeritus at the columbia Business School. Hes here in a fox business exclusive. We will ask him when he thinks americas economic engine will begin to hum once again. And the buffett blowoff is still grounding the Airline Stocks. The major carriers, certainly. As the oryacle of omahas exit from the sector brings cloudy skies for major carriers, its opening a clear runway for private jet companies of all different kinds. Okay, dont roll your eyes until you hear what the membership fee is for setjet. The ceo, tom smith, is here in a fo
Delivered. Bonds are performing a bit better now, a tightening of the spread, 2004150 is where we are trading right now. In the u. S. We are seeing gains in spite of the initial jobless claims figure that put shivers down your spine. Stocks are just going the other direction. The s p 500, up 1. 4 . The nasdaq, running away with things once again today. All but three sectors in the s p are higher. You can see that there is definitely a risk. Belowoil is still well 18 per barrel. Gold is continuing to is the dollar, although it is off the highs of the session. The dollar, miss versus the other currencies and the euro right now, whether is not much change but you have currencies like the Canadian Dollar that are stronger today on the bounceback in oil. Guy . Lets get some more insight into what is happening with these markets. As we indicated, European Union leaders are holding that conference about delivering massive economic stimulus measures. The need for a positive outcome from the me