Stocks way down. This morning, down some more. Look at this. The dow is going to be off over 250 points at the open. The s p, 26. The nasdaq, 64, 65. Now, treasury secretary mnuchin says we can get those jobs back by going back to work. The president is very forceful on this. This is what he told maria on opening up the economy soon. Watch this. I want them to open when they can, when they want, the governors are opening them. Most of them are either opened or opening or considering it. I think that we have to get back to work. We have to get our country back. We have to take it back. It was artificially closed. We did the right thing and now we got to get back. We got to bring our country back and its going to happen and its going to happen fast. I call it a transition to greatness. Stuart hes going to pennsylvania where six counties are defying the governors Strict Lockdown rules. The president will likely address that issue today. Meanwhile, a successful Court Challenge to a governo
Park where in recent years people have come to celebrate all things marijuana. They will be ought patrolling. A very good morning to you and thanks so much for joining us. Im laura garcia. And im marcus washington. Mike will have a look at traffic in about eight minutes. First kari halls look at the forecast. Were starting out this morning with light rain moving through parts of the bay area. And this is our only chance of rain for the whole week. A misty and drizzly start. Its been moving into parts of Contra Costa County from Discovery Bay extending up to santa rosa. Well be watching this over the next couple of hours but clearing out as we go throughout the day and warming up for the rest of the week. Well talk more about this in the forecast coming up in a few minutes. Back to you. Thanks, kari. Lawmakers are set to be close to a deal to fund more Small Business loans, part of tas the country begins to reopen. Today in the bays tracie potts is live for us in washington with those d
Reporter michigans governor Business Fund that ran out last is concerned protesters may be week and it looks like that deal putting others at risk. Without those important may land on the president s desk protections, it means they might have gone back to these parts of by wednesday. Our state and perhaps brought the senate could act as early as covid19 along with them. Today one would be set aside reporter Vice President pence has a Conference Call with the nations governors today. Now we have some new numbers for you from our nbc news wall street journal poll showing just over half the country, 58 these restrictions. Just under a third, 32 , do think its time to move on and loosen things up. But those numbers are differing by political party, less among republican voters, about 40 of them are concerned. Independent voters a little more. 50 . Democrats the highest with 80 of them concerned that easing the stayathome orders could lead to a second wave of virus. Marcus . I just want to
Points, s p is now down 17, nasdaq is down by 18. A couple things going on. First and foremost, last day of the quarter. Just to give you a sense of whats going on with the markets, obviously the s p for the quarter down about 19 . Thats as we were going into today. The dow down about 22 as we were going into today. Now, if the dow closes at about 22 lower for the quarter, this is the whole First Quarter of the year, we havent seen that kind of low for the dow since 1987. The s p 500, again, down 19 and that would have been a level we had seen back in 2008. Theres a lot of things going on right now. Obviously we are looking at potentially an economic contraction, if you will. But some of you are saying this might not necessarily be permanent but its something certainly to watch. We are going to get the adp number tomorrow at 8 15 a. M. Eastern time. Lot of layoffs going on. Obviously we are going to keep pounding on investor psyche with all the industries furloughing workers during the
22. 11. Amazing. Vonnie isnt it just . In the u. S. , we saw a bit of a fluctuating session overnight. Futures is rebalancing, and lots of movement into equities, where there had been selling earlier in the month. Primarily, Health Care Companies and all of those Companies Whose ceos appeared with President Trump in the rose garden are leading the market higher. Deller index the dollar index at 99. 15. Guy lets get more insight on what is happening today and what can happen next. Joining us on the phone from london, Morgan Stanley chief cross asset strategist andrew sheets. Jp morgan thinks the lows are in for stocks. Goldman sachs isnt quite so sure. What do you think it Morgan Stanley . Likely we do think it is that we saw the lows on march 23. I think certainly, some level of a retest is possible as you get through tuesday, some of those monthend flows are going to go away. The Economic Data is still going to be bad. Case trajectory in the u. S. Still looks bad. Case we certainly so