Futures searching for direction. Take a look, gain in the dow but decline on s p after wild day yesterday. Dow erasing all of its early gains of more than 900 points to end the day negative yesterday at 4 00 oclock on wall street, the dow industrials coming down from a gain of 900 to end down 26, the nasdaq down 25 and s p 4 points. Treasury secretary mnuchin seeking 250 quadrillion. If the money did run out the white house would go back to congress and ask for more. Meanwhile in china the country ending the lockdown of wuhan, people allow today leave the city where outbreak began. Mornings with maria is live right now. Global markets this morning red across the board in europe. Take a look at european indices, cac quarante 75. Still no unified response in europe to coronavirus pandemic from European Union leaders following 16 hours of discussions, talks set to resume tomorrow. Boris johnson remains in intensive care as he battles coronavirus. Overnight in asia and markets in china, so
5. 1 Million People filing for unemployment in the last week. We have the numbers and full amounts this morning. Ahead of the numbers, futures pointing to gain at start of trading, take a look at futures, 100 points on dow industrials, s p is up 15 and nasdaq higher by 72. This after worse than expected news yesterday in resail sales and disappointing earnings led to selloff in market. Dow industrials down 445 points. Nasdaq down 122 and s p was lower by 62. Earnings season rolls on. This morning more banks on tap. Weve got all the numbers you need to see this morning as we ahate Morgan Stanley, blackrock among others. Plus the origins of the coronavirus. More focus this morning turns to a lab in wuhan, china. Something ive been highlights for several months now. Mornings with maria begins right now. Global markets this morning look like this. Cac quarante in paris is up 28 and germany taking steps to reopen its economy and Angela Merkel announcing some stores can reopen next week and
Than 16 million americans have lost their jobs in only the last three weeks. A tragedy that is hard to even comprehend. As one journalist put it, were facing a Health Care Crisis with an economic crisis strapped to its back. That is why two weeks ago, the Senate Passed the largest rescue package in american history. The bipartisan cares act funneled more than 2 trillion into bold programs to help households, fund hospitals and Health Care Providers, and keep paychecks coming. Before we adjourned, i said the senate would stay nimble and prepare to react quickly as the legislation came online. So, mr. President , thats why we are here today. Much of the cares act is still being implemented. But one key program, one key program is already up and running. Its the Paycheck Protection Program from chairman rubio, chairman collins, senator cardin, and senator shaheen. It gives Small Businesses emergency capital so that workers can keep getting paychecks instead of pink slips. Just a few days
Fauci says we are headed in the right direction. Every day this seems to be a record of number of deaths. At the same time we see the increase in deaths we are seeing rather dramatic decrease in the need for hospitalization, that is going in the right direction. I say that and i always remind myself when i say that, that means what we are doing is working. Therefore we need to continue to do it. Ashley what we are doing is working says Anthony Fauci, voters seem to like how the president is handling the crisis. His Approval Rating hitting a high of 49 in the latest poll and by the way he has tied joe biden in the president ial race. Just last month he trailed biden in the same poll by nine points. Still there is work to do in america remains worried about their money in 79 say they all worry that the virus will lead to Economic Hardship for the family. The Chip Administration still targeting the reopening of the economy and for 8 weeks and heres what Vice President mike pence says need
With a big bang and open up our country or certainly most of our country and i think were going to do that soon. You look at whats happening, i would say were ahead of schedule. Now, you hate to say it too loudly because all of a sudden things dont happen, but i think we will be sooner rather than later. Ashley sooner rather than later. The markets responding positively in the premarket today. The dow up 330 points. It is a holidayshortened week. No trading tomorrow. We have long weekend coming up. What will that do to the markets . We will get into that. As for oil, up as opec plus meets. We are likely to hear about a deal between the saudis and russians to cut production, although up until now, they havent seen eye to eye. In the next hour, we will hear from fed chair Jerome Powell and Senate Majority leader Mitch Mcconnell. Powell could move the market with his remarks on the economy. A half hour ago, the fed announced 2. 3 trillion in new loans available. That helped offset the neg