Benefited from the stay at home trend, both popped into the open both have gone lower all day long big swings and stocks are set for the second straight week of losses the s p 500 just fell through the 50 huday moving average. 59 minutes to go on a volatile day, week, and final hour of trade. The s p 500 is flat right now. Fwha but that belies the volatility that youre talking about. We have a big lineup on the show coming up, the ceo of kroger will join us on the back of the companys strong Earnings Report better than expected guidance as well plus, labor secretary Eugene Scalia will be with us to discuss the job situation in the country and the renewed push by some companies to bring workers back to the office and one brookings economist has a bold idea to get america back to work and speed up the recovery pay people to have a covid19 vaccine. But lets get straight to the market another wild session to close out a roller coaster week. Mike santoli is tracking all of the action today
Joining us. Tonight the pause before the big holiday break this weekend. More than 40 of the country either stopping or reversing their plans to reopen. The Meat Industry also trying to bounce back with farmers some of the hardest hit, now bracing for a possible second wave of covid19. Heres my nightline coanchor, juju chang. Reporter raising pigs is a Family Tradition for randy jay wurtsma. Hog farming is built on flow of lots of numbers, tight margins. Reporter for three generations, this 2500acre farm in rushmore, minnesota has kept food on the table for his own family and thousands of others across the country. Of course were in business to make a profit, make money and make a living, but we an essential cog in feeding the world. Many farms like mine. This is where pork comes from. Without us, there wouldnt be any. Reporter wurtsma is contracted to sell his pigs, 24,000 a year, to one of the biggest pork processing companies, until it was interrupted two months ago. More meat packi
Safely in person as long as they stayed in their cars. Kpix 5s jackie ward attended a drive in service in san jose. Reporter with the service up on the big screen, members of the church to the radio. It was some sort of escape to bring them comfort. This easter, even though it is now five weeks of being sheltered in place, i believe this Easter Service is pivotal. Reporter with cars circling around and the word of god broadcasting over the air, Easter Sunday looked and sounded a little bit different for church this year. Instead of filing in to rows, they stayed in their cars as they listened to a 15 empty ceremony. It was bittersweet. I feel like we all miss each other a lot and it was emotional because we cant see each other anymore and so it was nice to see everybody but also just brought up a lot of feelings we are not able to see each other because of the pandemic. Reporter this is how her kids saw their grandparents. Grandpa says it was still special to see their faces in person.
President trump donald trump saying america is winning the war against the virus. Dr. Anthony fauci says at least part of the economy could reopen next month. Over at the capital additional funding for Small Businesses, Congressional Republicans to add 251 billion, democrats looking for more money and a much broader use of the funds. Meantime futures are pointing to a lower open to kick off this week. You have almost 300point loss on the dow futures after u. S. Markets in a short week last week rallied big time. The dow, nasdaq and s p all up more than 10 . S p having the best week since the mid70s. 1974. Deadly storms slamming parts of the United States over easter weekend. The southeast still being battered by horrible weather. We will have a live update. Mornings with maria is live now. Dagen and good morning, maria. Maria good morning, everyone. Dagen, thank you. We want to check Global Markets. This is a big week. Hope everybody had a great easter. Lets check Global Markets right
You are watching cnbc. Welcome to the show live at cnbc global headquarters. Lets get right to how your money and markets are setting your day up. Stock futures pointing to positivity at the opening bell if these futures hold. S p up by about 15 and nasdaq up by about 81. S p down about 485 points yesterday. Some are selling the safety of bonds. Twoyear just below. 20 and 10year. 65 checking the price of oil. You can see slight positivity. Wti crude back above 20 a barrel crude up a similar amount. This is as a new report that suggests Trump Administration is weighing a plan to pay u. S. Drillers to keep oil in the ground amid that big back stock there is going to matt in singapore a mostly weaker session for the asia markets investors waiting to see the jobless claims weve got a fairly large piece of Economic Data here in the form of chinas q1 gdp china market did manage to hold up with a very small gain. The shanghai composite holding with a third of one percent. Holding on to hear t