There was a hiccup or real problem with finalizing the the United States now has more coronavirus cases than any other country in the world contract he wrote as usual, with this quickly approachi inin ining 10 general motor, things just never seem to work out they said they were going to give us 40,000 much needed ventilators very quickly boeing said that coming up in now they are saying it will only be 6,000 in late april and they want top dollar always a mess with mary b. The show, well speak to slack ceo about the surge in working being mary barra, ceo of general remotely how his company may integrate with a major competitor to make motors and invoke p the defense production act working from home easier it has been one of the rare basically, he can sign it. Winners in this overall market sell off gm and vent tech within an hour lets focus in on the big stories we are watching at this hour or two of that tweet going out kayla has the latest on the announce d they have a deal rescue p
Downgrading most advanced economies. You can see right there, these numbers 3 for the world, 2. 4 for the u. S. , 1. 2 for your area, 6. 1 for china. These are all down you see there from the prior forecast and also mostly except for japan down from last year. The imf saying in its report, Downside Risks elevated. Brexit related risk to hinder confidence and growth. Theyre down on this trade issue. Very quickly, they do see something of a moderation next here in 2020 we go back up to 3. 4 it isnt the advanced economies this get there theyre looking for a turn around in emerging markets and developing countries four things the imf notes needs to be done theyre saying International Response may be needed if things get worse from here. They say Monetary Policy cannot do it all. There is a financial risk created from low Interest Rates there. Fiscal measures to help with the slowdown along with structural reforms. Carl that is big news, steve were going to dissect a lot of that with the ea
Economy. Well be looking for things affecting the outlook of the u. S. Economy, particularly as it relates to zblrchlts all those things in principle can affect the achievement of our goals its an unusual situation because you know the u. S. Economy itself, the largest part of it, the consumer part of it, is in strong shape the manufacturing part, less so. Overall you see an economy that generally forecast shows growth similar to our own forecast coming in at about 2 . Significant risks to that outlook from not just the geopolitical events but slowing Global Growth. Well be looking at all of that and also Financial Market conditions and how they are affecting the outlook. I cant it is a challenging time i admit it were not on a preset course well be making decisions meeting by meeting as we see this and well try to be as trance parent as we can, as we go. Sparent as we can, as we go with the rate cut today and modest adjustment coming down the road, do you worry about lessening the fed
Theyre dad better be thankful were going to take you there live power lunch set to come out of oven right now strong gains on wall street this hour. The dow is up triple digits. The s p costing the 2600 mark for the very first time. Its been more than two weeks since the s p was able to screen back to back gains the best performing grews. Check out some individual movers up 4 on its earnings. The food Company Early morning its grocery and Specialty Food business the company missing top and bottom line estimates. Dsw plunging double digits also missing profits in sales estimates. As a Virginia Tech hokie, calling me a turkey is the greatest compliment you can give thank you, michelle. Gobble up. We begin with a cloud of uncertainty hovering over one of the biggest deals in media history. The Justice Department slapping at t and time warner with a lawsuit saying the 85 billion deal is quote illegal and harmful to consumers at t Ceo Randall Stephenson fighting back against the doj decisio
From the record highs. The dow is now down nearly 15 . The s p is off 12. 5 . Check out these staggering figures. S p 500 companies lost another 900 million in market cap yesterday. They lost nearly 2 trillion in market cap over the last seven sessio sessions. You see rich people lost 185 billion recently. This is good. This income inequality thing. Taking care of it. This is not i also like the now were going to do this every day where we can close on change but if thats not interesting enough its like a fit bit for the market. Its not even the range anymore. Its brand new. Were talking about the full ride. We moved 100,000 points this week. It means nothing. We totalled it up for you. Lets tell you where the u. S. Futures are after what was a wild yesterday as things got pretty bad late in the day. Well try to get an explanation from our guests throughout the morning but the dow jones does look like it will oip up now 275 points up. S p 500 would open up higher as well. 33 points hig