Blake burman is watching latest coming out of the white house. In fact were expecting remarks in a few moments from the president in the rose garden. Before we get to that, it is Lauren Simonetti on the market rally. Lauren . Lauren a lot to get through. You dont want to complain. You have a 500point rally the day after a Holiday Weekend but what took the market off bigger levels, the dow hit 25,000 for the First Time Since the lockdown began in early march. The s p had topped 3,000. Those levels did not hold on a Bloomberg News report that u. S. Officials were considering sanctions on Chinese Companies and chinese officials for their handling of the hong kong situation. So still a broadbased rally but we came off those levels as you can see. The nasdaq had been at its highest level since february 21st. There were hopes as the economy does reopen, as we noticed, this weekend, memorial day weekend there is hopes on the medical front too. 10 vaccines are currently in human trials. Novava
Front. Showing millions of jobs lost. Well see more with the jobless claim number and tomorrow with the number from the government dow looks to be up 260 s p up by 34 and nasdaq up by 118. We are getting competing views jobless numbers we know are bad. Then you see oil prices that tell you where things may be headed prices may be up again gain of 7. 3 this shows you maybe things are starting to pick up around the globe. Maybe that demand is coming back that may be something to hang your hat on. Andrew thank you we have a huge lineup of guests. Secretary of state mike pompeo will join us to discuss relations with china former ceo of Goldman Sachs about the outlook of the economy and the ceo of paypal and also talking to the ceo of hilton and aflac ceo will join us and our media guru from lion tree hard to think we are going to pack it all in in three tiny hours. That means no screwing around at all today is what i think go for it then. Three hours time for everything. With err going to
Down up by 89 points. Nasdaq was down and s p in the red 1 and a half. Oil prices are down this morning, take a look at 16. 32. Treasury is considering a Lending Program for struggling Oil Companies. We have the story coming up. Treasury secretary Steven Mnuchin is asking for equity stake that take coronavirus aid as Big Companies give back money aimed for Small Business. Mornings with maria live right now. Maria Global Markets this morning are lower. Take a look at european indices across the board. Cac quarante down 36 and dax index lower by 94. Retail Sales Numbers out in the uk looking at the largest decline on record. Down 5. 1 in the uk. In ash overnight red across the board remdesivir failed chinese Clinical Trial. A lot of hope around the drug and it continues to be. Shanghai composite down better than 1 . The white house now saying that the coronavirus pandemic could be behind us by memorial day. Dr. Deborah birx pointing to downward cases week by week. If we continue to mitig
A similar loss on the s p. Big loss on the nasdaq composite. Why the nasdaq down so much . Well, just look at this. Big tech being taken to the cleaners this morning. Start with apple. Look at that. Its still a trillion dollar company, way down this morning after its Financial Report late yesterday. Ive got more on all this. Amazon, huge drop, down 120. They are plowing their profit into coping with the virus. Microsoft, not much impact from the virus but its caught in the downdraft. Microsoft is down nearly 2 , 3. 46. Next case, the political news. Topping that this morning is joe biden. He has denied a Sexual Assault allegation. He says quote, this never happened. Ive got more on that in a moment, too. Got a big weekend coming up. Texas opens up a lot of businesses. Who will go to the store, the barbershop, the restaurant . Thats going to be a pretty good indicator of the urge to get out of the house. In california, the governor has relocked down the beaches. How will that go down .
Whats being called one of the most dangerous and lections ever the u. S. State of wisconsin holds its primary up to conservative courts refused to stop receiving. Now u. S. President on a trump has accused the World Health Organization of ching its response to the coronavirus pandemic he also called the agency china centric and threaten to cut funding this comes as the u. S. Recorded nearly 2000 deaths from the virus just in the past 24 hours more than 4000 people have died now in new york city alone britains Prime Minister has now spent a 2nd night in intensive care Boris Johnson was given supplementary oxygen but his not on a ventilator the Junior Health minister says that johnson remains stable and in good spirits well were. The chinese city where this outbreak began has now opened its doors again its 11000000 residents are now able to leave but they still need an app that tracks their health and retirement and in new zealand the number of new cases has fallen for 2 days in a row an