Down up by 89 points. Nasdaq was down and s p in the red 1 and a half. Oil prices are down this morning, take a look at 16. 32. Treasury is considering a Lending Program for struggling Oil Companies. We have the story coming up. Treasury secretary Steven Mnuchin is asking for equity stake that take coronavirus aid as Big Companies give back money aimed for Small Business. Mornings with maria live right now. Maria Global Markets this morning are lower. Take a look at european indices across the board. Cac quarante down 36 and dax index lower by 94. Retail Sales Numbers out in the uk looking at the largest decline on record. Down 5. 1 in the uk. In ash overnight red across the board remdesivir failed chinese Clinical Trial. A lot of hope around the drug and it continues to be. Shanghai composite down better than 1 . The white house now saying that the coronavirus pandemic could be behind us by memorial day. Dr. Deborah birx pointing to downward cases week by week. If we continue to mitig
On jobs numbers. More than 2 million jobs in the month of april. We will bring you the numbers as soon as they hit. Key of getting america back to work, search for treatment. Paul hudson will join me live at 7 10 a. M. Eastern to find out how they can be used as treatment and at home tests coming up. 7 30 this morning, and disney 1. 4 billion hit from the coronavirus. Entertainment giant saying the pandemic would impart part of its business for the foreseeable future. Take a look. Futures indicating at the start of trading this morning, better than 200 . S p is up 25, nasdaq up 78 after u. S. Markets posted second straight day of gains yesterday. The dow, nasdaq, s p 500 up 28 from lows on march 23rd, mornings with maria is live right now. Maria Global Market this is morning have a firmer tone. Take a look at european indices searching for some direction but strength in the ftse 100 in london, cac quarante in paris is down a fraction but the dax index is higher by 30 points. European u
Points, we were down more than that nasdaq inched up have we already bottomed thats big question i heard all weekend. I was operating that might be temporary, would revisit the march lows, perhaps even taking out that level figured retest was virtually inevitable there was just too much weakness in the system. All through here, just knew things were going very awry. Now im feeling more confident about the future i said this morning im not going to be as negative. In part because the federal government has made unprecedented moves to prop up the economy. Very good things in that 2. 2 trillion rescue package, but fdic went nuclear, adopted a malcolm x approach to keep his economy alive by any means necessary. Fed chief has unlimited firepower. Sure its great that the government is providing forgivable loans to Small Business owners to keep employees on payroll and great we expanded Unemployment Insurance to be collected by gig employees too. Now we know fed wont let every retailer with m
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
Through the cracks and never in my wildest dreams, senator durbin, did i h believe that whe we have done is to pay people more, not to work but to work this bill the 600dollar payment on top of safe benefits actually allows people to have their income almost doubled in someha circumstances. I want to help people and make sure that if you lose your jobil that we cover your wages but under this bill you get 23. 15 an hour based on a 40 hour workweek, not to work. If you are trying to hire somebody in South Carolina in the next four months you got to compete with that wage. If you are working in a restaurant and probably not now but if youre working anywhere for 15 an hour sometimes making 23 an hour and you are working. It is just not fair. It will hurt the Rubio Collins construct, restaurants that are out of business. We want them to be able to to pay the payroll to keep people connected to their employer. Now what do you do when you make 23 an hour being on unemployment . How do you ke