If its covid19 vaccine is effective. Jim, i know that citi news popped for you. Yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say its not about friends its about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. When i spoke to him this morning, how great, jane fraser coming in. The Glass Ceiling in banking maybe a is finally cracking and its a great legacy for mike a period where net income increased from 7. 5 billion to 19. 4 billion, tangible common equity 12. 0 to 12. 5 and returned 80 in capital during mikes reign all those numbers havent necessarily led to great performance a of the stock but they are great numbers mike is a much loved figure as is donna, his wife and i regard them as a team and i know he wants to do many, many things in life and this is a soul searching time, he appointed jane last year, he ma
Giants thats benefited from more money in american wallets earlier this year. For more, i want to bring in abigail, whos been following all the action in the s p. A big day, catching up to the nasdaq. Tech is helping. Abigail we have this record high. Market watchers have been waiting for the s p 500 for a week very closely. The nasdaq has been hitting record high after high. Tech, especially with amazon and other tech names, really driving the gains for the s p 500. Morning the this s p 500 briefly went negative after putting in an alltime high. We have this wall of worry. Not only do we have no still is, a second deal is not on the table yet. We have a election jitters, u. S. China trade jitters, the possibility of a second wave. It was not a robust finish for the s p 500, that a record high. One day versions are a little high, given the others closed a little high. The last time this index put in a record high was almost two years ago. Its really the habs and and havenots. Vs techno
For Health Care Workers, his conversations with governors, partnerships with private sector companies, and whether there was a chance for the virus to return in the fall. Pres. Trump thank you very much. Thank you. Very comfortable here. A lot of room. And we appreciate you being here. Yesterday i announced we would be extending our social distance guidelines through the end of april. This is based on modeling that shows the peak in fatalities will not arrive for another two weeks. The same modeling also shows that by very vigorously following these guidelines, we can save more than one million american lives. Think of that. One million american lives. Our future is in our own hands, and the choices and sacrifices we make will determine the fate of this virus and really the fate of our victory. We will have a great victory. We have no other choice. Every one of us has a role to play in winning this war. Every citizen, family, and business and make the difference in stopping the virus.
For only 15 minutes. Since then stocks have moved sharply lower. The g7 proposed policies, but the tenyear breaking below 1 for the first time ever. Darius adamczyk will join us in a bit. We have Rick Santelli here, Steve Liesman is covering the emergency fed cut. And meg tirrell has the latest on the coronavirus outbreak. Ill be watching the fallout for the banks. Pete is joining us yesterday, today two very different days have you chanced what youve been doing have not. This is a classic buy the rumor sell the news type of trade. It was tell graphed friday and over the weekend were trading higher eventually. You still think we go long you do think the panic is overblown. I am in the life sciences. I know some of the things going on that are not well publicized, but theyre out there. Its moore pernicious, and now its on our shores, and thats the big concern. It is a virus that i do believe that at the end of this quarter, a few months, well be seeing the light at the end of the tunnel
Premiers of the peoples republic of china. Pres. Trump thank you very much. We greatly appreciate your joining us at this white house event. This is a very important and remarkable occasion. Today, we take a momentous step. One that has never been taken before with china, toward a future affair and reciprocal trade, as we sign phase one of the historic trade deal between the United States and china. Together, we are righting the wrongs of the past and delivering a future of Economic Justice and security. For American Workers, farmers and families. I want to think the chinese president , who is watching as we speak. I will be going over to china in the not to double or distant future to reciprocate. , a very goodnk him friend of mine. We are representing if and countries. He is representing china. I am representing the u. S. We developed an incredible relationship. I want to thank him for his cooperation drought this complex process. Our negotiations were tough on us. Open and respect a