We could slay the bear today as the dow is rallying for the Third Straight day despite a shocking, shocking record high weekly jobless claims number. Take a look at the markets right now. We just went above 1,000 a couple minutes ago. The dow is about 1,006 higher. The high was 1219 points for the dow. We are watching that number. S p is up 116. Nasdaq is up 296. A gain of 4 . Again, the dow and s p could notch three Straight Days of gains today. Weve got an hour to find out. So the dow is trying to break out of that hibernation. The number to watch, 1,109. 77. Write that down. If we can close above that, we will have rallied 20 from mondays low. That means we technically exit the bear market. Our floor show panel will give us more perspective on what that means to all of you. And as the u. S. Death toll from the coronavirus tops 1,000, one tech company is working to help john hopkins and astrazeneca to find a treatment or cure. Hes here in a fox business exclusive. We have been talkin
Jim, its clear that even though we had some constructive things happen tactically yesterday, sounds like you dont expect this bounce to last for long were the most oversold weve been i guess you could go back some people say get some great stuff from mr. Williams who is one of my favorite technicians, larry williams. I want to point out, hes done work which says going back to 1933 this is one of the most extreme panics ever. He wants to buy panics on the other hand, you say whos there to buy i feel that were due for a bounce i dont know how much money there is there is to buy much more stock liquidity is a concern in every aspect of finance, at the same time any time you skip over the Public Health issues, you forget that right now strapped in san francisco, strapped in boston, strapped in new york maybe theres not just equipment. The nightmare is occurring what do we make then of stei stifel looking for a 15 rally, gun gundlach not shorting. Why are there these Little Pockets of not o
All rolled into one and a quick 7 fall and a trading haul the dow down more than 2,000 points and then right around 1 00 p. M. Eastern time the stocks tried to stage a comeback on the back of the news that the fed will inject 1. 5 trillion back into the market and prevent a fullblown credit crash. The stocks kept falling and we ended the day on the lows and we have a huge show for you tonight. For the host of big names with guggenheims Scott Maynard and john hess. Well get to those in moments, but first, lets get more now on exactly what the fed did and tried to do today with their trillion and a half dollar injection. We are joined by phone by Steve Liesman. Im not on the phone here, brian. I am joined by the Federal Reserve. In the first instance, it extended its purchases to 60 billion across the range of maturity and the fed was buying on the short end and it was going to buy a whole way of maturity and the reason for that is because there was a lot of dislocation and well talk abo
Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents
Small business is the only place to start new business in San Francisco and get the best answers. The office of Small Business should be your first stop when you have a question about what to do next. You can find us online or in person here at city hall. Best of all, all of our services are free of charge. The Small Business commission is here to voice your opinions and concerns about policies that affect the Economic Vitality of Small Businesses in San Francisco. If you need assistance with Small Business matters start here at the office of Small Business. Thank you. Item one, called to order and role call. role call . You have a quorum. Apparently, a computer went down and we didnt have sound. So i appreciate everyone being flexible. I want to thank everyone for the virtual kitchens known as government kitchens and i would like to thank all of you tuning in on sfgov tv. We know its not easy take time away from your business to participate in opportunities like this but be assured yo