Far, but the lowest number of daily deaths for some time, Governor Cuomo saying 474 people died in new york in the last 24 hours. We have cases surging in italy, singapore, ireland. Treasuryetary of Steven Mnuchin says most of the u. S. Economy will be open by august. I want to bring in our markets reporters taylor riggs. Taylor, what is driving the rebound in particular today . Taylor markets are breathing a sigh of relief. We are waiting for the 480 4 billion stimulus package to go in front of the house. There will be signs of the flattening of the health curve we have been talking about, as well as earnings. Were getting back some of the fundamentals, and Oil Rebounding after six Straight Days of losses, so mark is taking a sigh of relief. Look at the stocks within the chipmakers. Up almost 6 , having one of its best days, the biggest outperformer. A lot of earnings are underway, so getting back to fundamentals of what is driving this market. Two companies in that soft index i want
A russia safety pact and were on the streets of one aside for the government is bracing for an expected we told coronavirus cases. On the number of corona virus infections worldwide its past 1000000 thats according to researchers at Johns Hopkins university in the United States weve been tracking the numbers for weeks earlier on thursday the University Also confirms that the global death toll now exceeds 50000 well the 1st 500000 cases were reported over 76 days that number to just 8 days to double in the u. S. The economic devastation caused by the a break is also becoming clear a record 6600000 people have no point. More Unemployment Benefits thats 3000000 more than last week and its a similar story in spain stripped quarantine measures there have led to more than 800000 jobs being cuts in march 3 point 5000000 people are know without work lets get more now from the she had returned he joins us from washington d c schippers focusing on the the figures coming out of the states there a
The world. The Federal Reserve is acting as banker to the world. Launching a Lending Facility for foreign central banks, small and Large Businesses across the country are shutting down. And a Record Number of americans who just a few months ago were enjoying historic levels of pros merty prosperities and savings are now files for Unemployment Benefits for first time ever, 6 moy 6. 6 milliont week. With chinas economy, showing tentative signs of recovery, it appears that the chinese ambition and aggression are to rise, the chinese have ramped up military exercises in the contested south china sea. They continue their concerted effort to reshape the pandemic origin in National Media narrative. It without question china. Beyond that many questions. Virus taking up much of National Security counsel time and effo effort. And fake news about this virus. It would be a mistake with terrible consequences for any adverse to attempt to to us harm. Lou chinas coverup and its efforts, sometimes lau
Many are risking their lives to keep us safe because they dont have the equipment they need. Our healthcare workers are falling ill with the very disease they are working to treat. Not only do they need this, but they need ventilators to care for the people that they are there to serve. It is our first responders, our officers and grocery workers and other frontline workers being put in jeopardy and they jeopardize their families at home when they go home. When these workers are left exposed and fall ill, they cannot care for the rest of us. Weis in their interest that heed this. I have said again and again, we are unworthy to call them here. Es heroes we are unworthy to thank them if we are unwilling to give them the equipment they need. That is why we call upon the president to use the full powers of the defense production act for the health of our frontline workers which we have tried to get in the first three covid19 bills and we hope it will be possible in the next bill and people
News for taxpayers who are eligible to receive a payment and to find out if any money is coming your way we get the answer from kron fours has a minute. The first wave of coronavirus tax relieve checks could soon be on the way eligible taxpayers who file tax returns for either 2019 or 2018 will automatically receive an Economic Impact paid according to the irs taxpayers who file electronically will have to do anything but take a look at their Bank Accounts to see if they deposit has been bay those who did not file electronically will have to keep an eye on their bill boxes with their checks to arrive at a later time if the irs does not have your direct deposit information in the coming weeks, the u. S. Treasury Department Says it plans to launch a webbased portal for anyone who would like to provide their Online Banking deposit information to the irs if you are a taxpayer who typically does not file a return youll need to submit one did order to get paid the payout breakdown is as foll