Russell is up 3. 25 . So steve, i turn to you. We have in the last hour, Bernie Sanders out. That gave stocks another leg you have a comment from dr. Fauci today that the virus turnaround is likely after this week and you have the new york city mayor de blasio saying that there are enough ventilators, he thinks, to get through this week all of that seemingly is enough to keep the market where it is but we saw what happened yesterday when everything evaporated later in the day. Does this have staying power i think it does, but within this range that were in, with the downside being where we hit the lows before, im hoping we dont retest that. The focus will turn shortly to how we get back to work once the virus is over. And i do believe thats what took the market down somewhat yesterday afternoon, in addition to it just being up too high, too big a move because when Governor Cuomo said four to eight weeks, tristate area is going to come back, people are thinking, okay, how is that going
Joining us momentarily and to open the show we have to get news that developed moments ago and that is the president invoking the defense production act to encourage or force some American Companies to make ventilators. Lets get more on that breaking news right now with Kayla Tausche in washington, d. C kayla . Brian, President Trump has done this just a handful of times during the coronavirus crisis, but this afternoon he issued an order that targets six medical Device Companies to procure the elements and materials they need to expedite the production of ventilators and personal protective equipment. The companies include general electric, hillrom, medtronic, resmed, philips and vy aire so they can make things like ventilators and the personal propektipr protective equipment for medical providers more quickly we know it is in short suspect blew in hardhit states as they grapple with growing numbers of sick patients. The white house so far has refrained from using the dpa as a blunt i
Where some of the money in the bill will go. We will talk about it. We will also have a live report from the hill and instant reaction from texas congressman chip roy. Plus get expert Market Analysis from our very own Charles Payne. He will be calling in in a few minutes. He says this week has been in his words, charles says impressive. Get ready to hear the story of one florida mayor who is donating his entire salary to his residents. He wants to keep his city going. We have more good news in these uncertain times. All of that and a lot more coming up on making money. Cheryl breaking news, the massive 2 trillion dollars coronavirus stimulus package is on its way to the president , after a dramatic debate on the house floor today. Republican congressman Thomas Massey of kentucky tried his best to force a roll call vote so that basically his colleagues were on the record with their votes, but it passed in spite of him. Hillary vaughan is joining me from capitol hill with the latest. Wha
2. 3 billion trillion dollar stimulus package that is providing relief to Small Businesses. One of the biggest of that is 386 billion set aside to help Small Businesses with loans, checks, money that can be outright grants, Edward Lawrence has been following that because a lot of banks are handling the transactions, bank of america was up and running on this. He has the latest on all of th that. Reporter very interesting, Community Banks have led the charge on the spanking figure going forward, at 830 this morning, Steven Mnuchin has been on top of this to make sure. Look at the latest numbers, as of 1130, there was 2330 banks loans that have been given out for a total of 889 million that is direct stimulus into the u. S. Economy for the Small Businesses to keep people on pay checks and to give people pay checks and keep their lights on and pay the rent. On the jobs numbers, we expected was going to be bad but the number was really a surprise. Look at this a 4. 4 unemployment over all
We ended last week strong coming off a very weak base last week the best week since 1932, well, we continued some of that momentum today. The dow ending the day up 690 points pretty much most stocks you look at they were higher today we will get to those, the one thing that was not higher continues to be oil. Down 7 as well. Well get to more on oil and what it may be signaling throughout the show. Welcoming. We are pleased today to be joined by guy adami and dan nathan for the entire hour, we welcome in emily roland of john hancock financial. Its good to have you back here on cnbcs fast money you said it seemed like the indiscriminate selling might be over, that gave you some comfort, were you more comforted by todays action . Yeah, and its great to see, great to be here i have to give a huge shout out to everyone in Englewood Cliffs for making this possible to getting us all on. Thank you. I hope everybodys safe obviously, and number three, yeah, i take a lot of comfort in the fact th