Discussing just that, an early return to work. 9 40 eastern time today on this program. There is outrage at Speaker Pelosi loading up the stimulus package with a host of items unrelated to supporting workers and industries. For example, canceling post office debt, the return of obama phones, same day voter registration, 35 million for the Kennedy Center for performing arts. What has all that got to do with getting money to people who have just lost their jobs, millions of workers thrown out of a job. However, treasury secretary mnuchin and senator schumer did meet last night, and they suggested that a 2 trillion rescue package, stimulus package, is close. Well see. All this has given the market a shot in the arm. For much of the morning, we have been limit up for the dow jones average and at the opening bell, the dow will be up, what, 900 points, maybe more when the restrictions of the limits on trading are off. S p, nasdaq also up 4 , 5 . Clearly, investors like the 2 trillion rescue
Check futures, dow futures right now in the red to the tune of 360 points, nasdaq futures down 110 and s p futures lower by 40. Oil prices under pressure this morning. The International Energy agency warning that demand could plummet to less than 25 years. Airlines reaching a deal for Financial Aid. Mornings with maria live. Striking a deal Oil Producing countries agreeing to cut output by 9. 7 millionbarrels a day in an effort to stabilize the price of crude. President trump weighing in on much anticipated agreements. Countries around the world will cut Oil Production by approximately 20 millionbarrels. People are saying 10 million but we think the number that theyll actually hit is closer to 20 millionbarrels a day. This historic action will help americans supported by the oil and gas industry. Saudi minister say the cuts will amount to 20 million a day and confirmed what President Trump just said when taking into account policemens by other g20 nations and preserves. Prince abdulazi
We appreciate all of the states, the relationships have been very good. With governor question poe. Were working hard to get additional things to new york as possible. The personnelf 2,500 beds we built recently, includinghav opened up tod covid, something we did in louisiana, doing it in dallas. Lot of not only hospitals being built, but now manning the hospitals because states in many cases are unable to get additional people work. Its just an incredible situation. Never been anything like this. Important issues in battling this pandemic is thedinating the delivery of crucial supplies throughout the nation based on the most availablenformation we have the best healthcare and disaster experts anywhere in the world, and anybody will tell you that. Were helping the world with this horrible situation, where still 151 nations are going through it. To ensure that the supplies are delivered, where and when theyre needed, and in some cases were telling go there, we cant because someplace els
Time, a very busy time, and let me begin by expressing our support, solidarity, and love for the people of our great country who are fighting. We are enduring all of this together and we will soon prevail together. We got a arrest lot of progress. We appreciate the governors and people within the states. The relationships have been very good. I spoke with Governor Cuomo. We are working very hard to get additional things to new york as quickly as possible. Care at the we took hospital personnel. Built,0 beds we including personnel, and opened it up to covid. That is something we did in louisiana and we are doing it in dallas. We have a lot of, not only hospitals but we are manning the hospitals, because states are unable to get additional people to work. It is an incredible situation. Never been anything like this. One of the most important issues in battling this pandemic is coordinating the delivery of the crucial lies throughout the nation crucial supplies throughout the nation based
I think theyre all feeling like friday these days. Welcome to fbn a. M. Im lauren simonetti. Cheryl yeah, lauren, hey, good morning to you. It has been a volatile week, a crazy week for investors. Governing, everyone, govern,d morning, everyone, im cheryl casone. It could be limit up today in the futures market, the sips close to that level, 2534 is the level. Watch for that number. All the averages are down for the week but right now the dow is up 824 points in the session, s p up 104 and change, nasdaq is up 355 points. Lauren i will take it. Lets take a look at commodities this morning. Oil prices, 26. 78 a barrel, a gain of 6. 2 . Gold up 2 at 1508 an ounce. Cheryl we have seen historic moves in the 10 year treasury, in the bond market in general. Take a look at this. We are down 11 basis points, the yield is 1. 048 . Thats actually a good thing for a lot of Bond Investors out there. Lauren major bounceback in asia, if you take a look at the kospi, sold off yesterday, up 7 andahalf