Finished, the dow gained a thousand points. The s p 500 finishing the day markedly higher. The nasdaq soaring 673. President trumps decision to declare a national emergency, a strong, swift action that opens up 50 billion in federal resources to help state and local governments fight the pandemic, the president also waiving interest on federal student loans. Directing the department of energy to buy up crude oil to store in the petroleum reserves. To unleash the full power of the federal government in this effort, im declaring national emergency. We are announcing a new partnership with the private sector to increase on accelerate our capacity to test for the coronavirus. We want to make sure those who need a test can get a test safely, quickly and conveniently. The next 8 weeks are critical to turn a corner on this virus. Lou the Trump Administration says the next two months well be putting a major emphasis on expanding testing. This morning the fda approved a new coronavirus test. It
With second largest point gain on record. Up 1,173 points yesterday for the duh industrials, that was 4 and a half percent. Nasdaq was up 334 points. About 4 . The s p 500 also higher by a quarter percent with a gain of 127 points. Coronavirus, crisis continues, california declares state of emergency as the number of patients in the golden state rises, the house passing 8. 3 billion bill to bat it will virus, the senate due to vote on that today. United and jetblue cutting flights to the United States, all that coming up. Samestore shelves, heared out of clorox and canned soups. Senator Bernie Sanders releasing ad barack obama praising him and joe biden hitting back and Mike Bloombergs expensive run to the end and is Elizabeth Warren coming next . Mornings with maria is live right now. Maria we begin with another volatile day in markets this morning. Take a look at markets overseas as we sea big selloff in the u. S. Cac quarante in paris down 91 and dax index in germly lower 120 points
Im trish regan. The hate is boiling over. Many in the liberal media using coronavirus in an attempt to demonize and destroy the president. I dont think the president is capable of telling us the truth about the coronavirus. They have to plan. The virus is going to kill americans regardless of their stupidity. This it will psychologically torment him. He should lead or get out of the way. Stay on the government course. This may be Donald Trumps katrina. This an event that could take down the president. There is no confidence in the president in anything he says or does. I wish he would just be quiet. Trish i see. This is impeachment all over again. They dont care who they hurt. Whether its their need to create mass hysteria to encourage a market selloff, unlike anything we have seen recently or to be to create mass hysteria to stop our economy dead in its tracks. They told us how much they crave a recession as a way to get rid of donald trump. Do you see why i say we need a recession in
The number on fridays the u. S. Economy added 273,000 new jobs destroying the economist by nearly hundred thousand. The Unemployment Rate ticked down to below of. Breaking down to look ahead anthony chan informant trunk campaign Economic Advisor steve moore. Its great to see your gentlemans weekend. Thanks mr. Being here. Your reaction to the job number and then i want to look ahead and its expectation for the outlook is unnerving for investors. This report clearly shows that job figures are still in a quarantine. We are not seeing many symptoms of this virus. Id like to say its the calm before the virus. Warm weather has helped construction, its also the Health Numbers coming in strong. Transportation warehousing already starting to show a few cracks. But basically it wont be until next month that we really see the real brunt of it. As more and more workers are staying at home, they are probably not going to put pressure on the wages. Those organist stay stable at 3 range or drop even
Here is how President Trump reacted. The job numbers just came out and their credible. The job numbers were tremendous and we picked up close to 80000 new jobs from last report. And if you add that up its over 350,000 new jobs and they were shocking to the people that were analyzing them. Then the president jumped on air force one leaving washington to serve nashville, tennessee, there are some of the pictures of the president talking to officials. This was created by the powerful deadly tornadoes before leaving the president delivered his message of hope to all of those affected. I have a message for the families of those that lost their lives, we love them, they are special people, its an incredible place, incredible state, tremendous heart, already you see people rebuilding. And it took place literally hours ago. Great people, great state and they have great leadership in the state and thats why its working out. From tennessee the president touched down in atlanta for a visit at the