Could you suggest which specific areas of the country could have guidelines relaxed . Trump i think there will all Start Talking about that in a few minutes, tony will talk about it, but cant say lets close. People dont want to close. I say it again and again. The reason i do is that i want you to report it eventually. Reporter when you talk to president xi tonight, what do you want to talk to him about . President trump it is his call. I think we will have a beautiful call. It is tonight at 9 00. We will be talking about the virus. Reporter the market rally again, up over 4000 points in the last three days, largest increase since 1931. The Economic Activity has passed . President trump no, it has not passed but it has come along way. They think we are doing a really good job in terms of running this whole situation in terms of the virus. I think they feel that the administration, myself and the administration, are doing a good being very important in keeping people informed, because t
Petro currencies not doing so well. Guy . N europe, lets look yeah, at what is happening in europe youat least the dollar is down. Dollar is not continuing to rocket fire as it has been the last few days. We are waiting, as you say, to find out what is happening on capitol hill. We think of what will happen around noon eastern. The vote will happen around in eastern. To session highs before fading again. We have a bit on the euro today, that is good news to the pound has been pummeled. Germany out with a big stimulus package earlier on today. It is going to be issuing more debt. That is the reaction in the bond market. We got a bid on the german bund today, which is good news. Equities and bonds are moving in different directions. They are acting as a bit of a counterweight to each other, which wasnt happening at some point last week. That is the good takeaway today. Vonnie exactly. Purchase of agency, Mortgage Backed securities, it is a new vehicle for this to happen from the Federal
This is 3 declines for each of these markets. Joe, it looked worse overnight well see what happens as we get a little closer to the opening bell youve been watching the treasury. It was lockdown. It was lockdown for quite some time. And it really was about i couldnt help but saying, this is the politicians fault. It was if they had done what they looked like they were going to do as of friday, i dont think it would have been like that but then again, we may have had the, all right, they passed it, were up and then that sells off. In this world, i dont know what to hope for anymore. This is how it works, though. Im going to read something in a second that im so excited about. I even got more excited about this than i did about the futures not being locked down is,000 points. Weet gel well get to that. It was 954 points or something. Yields have come down. The tenyear was down at 0. 829 . Again, that volatility is spreading not only through the stock market but treasuries. Its been amazi
Democrats and republicans. It turns out the two yard line is a place you can be for two years two days. Rosalind you are the resident sports fan so you are the best position to talk about how frustrating that is. Bob. T to bring in how many times in your career have you seen this make or break legislation and of course at the last second everyone remembers the tarp. How much of this is what you come to expect when so much is riding on a vote when there is a pickup or wrench . This is the way washington works. You have all kinds of backandforth, lastminute stalls, somebody tries to put something in that was not in before. Somebody objects. This is the political process. The Biggest Surprise would be we dont get legislation in the next couple of days. Romaine we are getting earnings from micron, the Semi Conductor maker. They are beating estimates as is the two q revenue. 4. 8 billion. The estimate was 4. 47 billion. 32 revenue they are anticipating thirdquarter revenue they are anticipa
And oil down 6 to 2860 and change oil now on pace for its worst month ever and here is a stat that really sets the tone for how things have been and it comes from our friend ryan detrick at lpl financial. It markets the serventh straight session that was up or down and this breaks the previous record of six such volatile sessions set all of the way back of november 1929, a true sign of the times. All of the markets rising today. It is clear that we are in unprecedented times for the markets and the economy, but we are here for you here on cnbc with the folks working tirelessly around the clock. Bob is downtown and steve has more on the Federal Reserves move and most of the action came from inside the beltway. Lets get to Kayla Tausche with what was live with the white house response. An unprecedented stimulus package the white house is proposing, 1. 3 trillion in relief for businesses and workers whose revenues and wages are grinding to a halt the treasury secretary Steven Mnuchin putt