To 10 million for a fiveyear loan, 3 , according to the reserve term sheet. The fed is expanding the main Street Program. The main Street Program for businesses started lending last week. One day worth of loans made. The fed announced last night there was one 12 million loan. They have gotten started. Criticism has been it took so long and there is not the man now or the rules do not help not demand now or the rules do not help. Went to others sources of cash, perhaps because of the requirements, the fed does not want to lose money, those who could not find cash would not be eligible anyway. At the moment, there are questions of efficacy. It is now expanded to nonprofits. Alix hang with me for a second. University of Michigan Sentiment coming in 73. 2 , Current Conditions coming in light on expectations. This shows we are not feeling good about where we are going over the next month. Lauren, the fed news is a perfect example of where we are at, continuing to support the economy, just n
Which saw the brunt of the fallout. Billion but in60 the positive this tuesday morning. And now performer coming up by 1. 2 at a 52week high. Samsung among gainers. Numbers we sawp today, 42. 9 declines, a long road to recovery for the singapore economy. Malaysia up 0. 2 . Look at where we are in terms of the dollar, showing a little strength today, up for a third day. Forging rising risks holding the dollar with the november elections approaching quickly. Down 0. 4 , still close to a record last week. Good to see the tencent recovery, but not close to making up for all the losses we saw the last two sessions. Our top story with the u. S. Tensions and china retaliating with sanctions on u. S. Officials. And ahead of those trade discussions. We did a phase one deal, it was a wonderful deal. All of a sudden it means very little, that will never pay the loss of life in our country and around the world. We view china differently than we did eight months ago. Yvonne looking at china differe
1. 2 million. Thats the lowest since the pandemic began we will tell you which sectors of the economy are hiring the fastest. The answer might surprise you. This company is powering up Artificial Intelligence for Big Companies amid the coronavirus pandemic and the stock is soaring. The ceo of live person i dont know if you can get a live person on live person but thats the idea. That person will join us later this hour. Power lunch starts right now kelly. Im here live live person a big company to watch. Look at this 11,0 11,062 we could have that over 11,000 close like you pointed out for first time in history. Remember that massive run higher in the nasdaq keeps going. At what point will it stop well have to see. Theres a little skepticism building out another place thats driving the action in the nasdaq is the Biggest Company of them all out there. That is apple. The number were looking for is 467. 77. Thats the number at which apples market cap reaches a total of around 2 trillion.
Authorities in northwestern germany are preparing to ease the Strict Lockdown imposed in some districts after a covert 1000 outbreak flared at a Meat Processing plant there people have been ordered to stay in their homes and are banned from traveling anywhere for many of those will seem quarantine return patience is wearing thin but testing who is healthy and who is not is a major challenge. These employees of the tiniest Meat Processing plant and other residents want out about 650 people have been restricted to this block on the outskirts of feral a city of 25000 in western germany theyve been placed under quarantine. But this is set to change the mayor is preparing to lift the quarantine gradually but he still faces one big obstacle trying to figure out who is who and who is healthy. There are different lists of people who are actually living there and people who should be there but probably left before the quarantine whove likely headed home the look of isolation crime that many in
After hitting another all time high earlier in the session. The selloff coming as California Governor Gavin Newsom rolling back reopening plans as coronavirus cases spike in the state. Bars, gyms, salons, malls, other businesses ordered to close indoor operations in 30 counties that represents 80 of the states population does this officially put a close on the reopening rally guy . I dont know again, i dont know if this was a rally on the reopening or hopes that there was some vaccine out there or the fact that the fed is back stopping this entire thing, but ill play your reindeer game, mel, and say this was the reopening rally. Im shocked that people are surprised that the reopening is not going as well as a lot of people were indicating it would. So it should put an end to it because on top of that, as we just talked about earlier, or sara and wilf talked about, you had one of the biggest reversals in the market. It looks to me eastererily simio some of the moves in late march when t