Markets up on this tuesday a u. K. Clinical trial known as recovery found a possible treatment for cobra 19 while providing low doses of the generic state steroids drug dexamethasone to patients with the coronavirus reduced deaths by up to one 3rd in severely ill hospitalized patients for patients on oxygen it cut death by a 5th while Oxford University professor Martin Landry coleading the trial said this is a result that shows that if patients who have coma 19 are on ventilators or on oxygen are given back some of the stone it will save lives and it will do so at a remarkably low cost co lead investigator peter or be added its a major breakthrough docs some of the stone is an expensive on the shelf and can be used immediately to save lives worldwide meanwhile stocks also jumped off of the u. S. Commerce Department Released data on Consumer Spending for the month of may after 2 consecutive months of record drops retail sales posted a record. 17. 7 percent thats more than double previou
Points right now down more than 900 following yesterdays huge lerelief rally and that fear bleegd into the bond market. The ten year yield hitting a fresh record low breaking below 0. 9 . Thats a staggering move right now, at 0. 928, but it was lower than that earlier, we now have about 177 cases of coronavirus in the United States as the cdc begins to roll out more testing across the country. Washington state dealing with the largest outbreak so far. Cases doubling in new york well tell you how bad things could get as power lunch begins right now thanks, ty and im kelly evans. Were all over this virus volatility today our Team Coverage of this market sell off rolls on as coronavirus grip wall street once again. Bob pisani is track iing the action at the nyse for us. Rick santelli watching these amazing moves in the bond market meg with the latest on the outbreak and Steve Liesman digging into a potential credit crunch coming for corporate america. Bob, we start with you the debate has
Donald trump is running to stay out of prison. And if we elect [crowd boos] i know, i know, i know. Recently even receiving boos at the iowa gops lincoln dinner. Listen, i know the truth. The truth is hard. [hoover] what does gop president ial candidate will hurd say now . [presenter] firing line with Margaret Hoover is made possible in part by robert granieri, vanessa and henry cornell, the fairweather foundation, the tepper foundation, the asness family foundation, the mckenna family foundation, charles r. Schwab, and by the rosalind p. Walter foundation, and damon button. Will hurd. Welcome back to firing line. Its always a pleasure to be on with you. Thank you for having me. Why do you want to be the next president of the United States . Look, its a great question. We have a number of what i consider to be generational defining challenges that were not addressing. One of them is the new cold war that were in with the Chinese Government. The Chinese Government is trying to surpass t
In his own party. Donald trump is running to stay out of prison. And if we elect [crowd boos] i know, i know, i know. Recently even receiving boos at the iowa gops lincoln dinner. Listen, i know the truth. The truth is hard. [hoover] what does gop president ial candidate will hurd say now . [presenter] firing line with Margaret Hoover is made possible in part by robert granieri, vanessa and henry cornell, the fairweather foundation, the tepper foundation, the asness family foundation, the mckenna family foundation, charles r. Schwab, and by the rosalind p. Walter foundation, and damon button. Will hurd. Welcome back to firing line. Its always a pleasure to be on with you. Thank you for having me. Why do you want to be the next president of the United States . Look, its a great question. We have a number of what i consider to be generational defining challenges that were not addressing. One of them is the new cold war that were in with the Chinese Government. The Chinese Government is t
At the beverage company. A 19year cocacola veteran. Most recently president of the companys european arm. Shares are basically flat today. Year to date they are down a bit by about 2 . Sara eisen is with us live this hour from the new York Stock Exchange. Sara, this isnt only a story about coke today. A big controversy erupting over the Health Impact of the soft drinks. Yes. Scientists at the center of this weeks coke controversy is speaking out. Dr. Jaimes hill at the universiy of colorado says the recent media reports on his work vastly oversimplify a complex issue, he says, of fighting obesity. Coke has faced a firestorm of criticism this week after the New York Times reported monday that coke is secretly funding dr. Hills work which says that obesity is mainly caused by lack of exercise, not diet, not calories like those in sugary drinks. Well, thats not entirely true, says dr. Hill. He says diet is a critical component of weight control as are exercise, stress management, sleep an