Yesterday. Nasdaq down 2 yesterday dow futures indicated up about 26 points, nasdaq up by 30 and s p up by two. The 10year is yielding 0. 667 andrew we have news out of washington to tell you about democrats unveiling a new 3 trillion spending bill including another round of stimulus checks up to 6,000 per household and extending the weekly Unemployment Benefits that would go through january including 107 trillion to stabilizing rent and mortgages and a cap on state and local tax reductions for 2020 and 2021 of course returning the tax bill that hurt hightaxed blue states that hurt them the hardest saying the relief bill is a big ticket for a big problem House Minority leader called the bill a waste of time and an 1800page of liberal wish list with no chance of becoming law the fight begins the latest update on the efforts to reopen america. California governor announcing next phase of opening including some malls and museums offices that cant telework would be allowed to open with saf
Been a patchwork of plans to a deal with covid19. a the guidelines here in the bay a area have been among the a strictest. a even though the beginning of a phase 2 of the reopening is a starting to kick in, though a where and when and what is a going to be opening up can be confusing. a athe owner of this home dcor a store in oakland is stocked up a and ready to begin sales a beginning monday heard for a Curbside Pickup only. a the store recently transitioneda to online orders and the a loosening of guidelines to apartially reopen is like a loosening a tight grip that hasa been strangling the business. a i dont know if this one a thing will be the make it or break t, but certainly a everything helps. ait just keeps us going. a in addition to retail other a changes allowed under phase 2 a include limited service a business is like appliance repair, achild care with a necessary notifications, and manufaturing ain a limited acapacity. a officials in pleasanton say a they have not been giv
And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right
At us, we are at number four. The president , the Speaker Pelosi and treasury secretary mnuchin, they are all on board with a grand infrastructure plan. Leader mcconnell says hold back for now, but it sure looks like a lot more spending is in the works. After all, we are all big spenders now, arent we . Look at the markets. Responding to the jobless numbers and the possibility of more stimulus. The dow looks like it could eke out a small gain of maybe 70. Nasdaq up 17. S p up maybe 10. A fractional gain for stocks despite that jobless number. Look at the price of oil. Up sharply today. The president wants a deal with the russians and saudis and he will meet with Oil Company Executives tomorrow. The oil price this morning is up to, okay, up to just 22 a barrel. Got it. But its higher by 9 . The price of gasoline, look at this, keeps coming down. 1. 97. Thats the national average. In oklahoma, hard to believe, its all the way down to an average of 1. 51. Thats oklahoma. On the program to
Masked care to unemployment assistance. The president also activated the National Guard in california, washington and new york. It will cost the states nothing and gives them full control. Hes sending a hospital ship to l. A. The Naval Hospital ship, the usns mercy which is an incredible ship. These two ships are incredible. One on the west coast and one on the east coast and will be deployed to los angeles to add emergency surge medical capacity. The mercy is expected to arrive within a week with 12 operating rooms and 1,000 bed hospital and pharmacy. Sending large quantities of medical supplies within the next 48 hours. Hospitals across the country are running low on protective gear. Kenneth moton has more on the growing crisis. Reporter growing concern inside americas hospitals as doctors on the front lines plea for help. Its a scary time to be a doctor. Reporter the long fear of coronavirus patients has hit new york city. With more than 10,000 confirmed patients, roughly 5 of the w