Casino, those are the biggest gainers today. But fears over the virus remain as cases in the u. S. , italy and around the world move higher though the president says he would love to have to country open by easter we are up 1700 points on the dow. Nice for a change. We have a huge lineup of guests coming up. The ceo of cvs health will tell us about the companys hiring spree and Virus Testing plans. Campbells ceo will join us to talk about the supply chain and well discuss the administrations actions thus far with mark short, chief of start to the Vice President. Lets focus in on two of the big stories, kayla has the latest. But first, mike is tracking todays market rally mike, over to you. By the looks of it, its a sturdy rally well scrutinize to see if theres more than anything but a bounce it tells you a couple of things. One is a strong bounce is it doesnt look that dramatic next to the decline on just experience really just a step in that direction of trying to make some distance b
Stories. Lauren simonetti following markets in the newsroom. Blake burman at white house, Hillary Vaughn on capitol hill, and Edward Lawrence with more reporting from washington as well. Lauren, on this 2,000 point gain today we start with you. Lauren biggest point gain the dow has ever seen. Rallied into the final hour of trading. What caused this . Is this fact that donald trump wants to open the economy up by easter . Is it fact the senate is awfully close to spending a two trillion dollar stimulus or both . The dow up 11. 25 . The s p and nasdaq up 208 and 557 points respectively. Each had the second biggest point gains in history. A lot of investors today are saying this is the birth of a new bull market . Have we hit bottom or is this just a temporary bounce . Look, nobody knows the answer, but Credit Suisse looking at the broader market, they see by the end of the year, s p 2700, which is a 21 gain from yesterdays close. Take that with a grain of salt. The big tech stocks we lik
Im brian sullivan, if you are keeping track at home, were pretty sure youre at home heres a sobering stat on the selloff. The dow has fallen nearly 11,000 pointing since an all time high in mid february. Thats a nearly 40 drop the fastest in history investors continue to see their portfolios fall, while washington falls short stimulus still on hold were expecting a briefing on the coronavirus outbreak in about 30 minutes time. Were going to bring it to you live when it begins. Kayla has been tracking the stimulus situation all day long and is with us now on what happened what happened, what didnt happen. And what comes next. For a second time in two days, the vote to advance the stimulus package coming out of the republican side failed meeting are taking place in the wake of that with Steve Mnuchin meeting with chuck schumer, followed by a meeting with mitch mcconnell. Those two back to back meetings, an update on where things stand. A Senior Administration official tells me its unlike
Since february 5 and 6 thats right, it has been about a month and a half since february 5 and 6 for the dow and february 13 for the s p 500. Right now, it looks like the yield is at 0. 858 andrew we have a huge lineup of guests today out of washington James Bullard talking about headlines. Tom barrack and former federal chairman ben bernanke. Living through the crisis of 2008 and studying the Great Depression all of that coming up over the next three hours to the news that broke overnight. The white house and the senate announcing a deal. Well get to leaSteve Liesman f more on that and eamon with more. It was in the 1 00 a. M. Hour that it broke overnight. What we have here, joe, is a handshake deal we dont have a vote and we dont have the explicit text what we have is a deal here is how Mitch Mcconnell announced the deal at 1 00 a. M help is on the way. The American People are already rising to this great challenge the senate is about to follow suit well pass this legislation later to
Futures pointed to the loss of more than 400 points we saw oil rebound then finally, can you see the dow futures up treasury yields suddenly backing down a little after getting up 1. 2 on the 10year yesterday now getting to the latest. Yesterday, california issued a statewide order for california residents to stay home other states and cities are taking similar steps mack, is that coming here . We dont know at this point. Closing dinein restaurants, bars, clubs and gyms washington is working on programs to keep the economy afloat steve leaiesman is like the norh star hes here. Hes got the tie on. Eamon jafers no offense that you went tieless. You have some response on the fiscal stimulus as well. Maybe well get to talk about that great market timing of a couple of those senators too that is an important one. That really angers americans we had a couple of u. S. Senators exposed in the press yesterday for uncanny timing of selling stocks richard burr sold his stocks on february 13. Some