Results. We will get congressional insight all morning long. We will hear from georgia congressman earl buddy and connecticut senator rand paul. Loss of 100 points on dow futures. Markets extending slump from yesterday as more lockdowns and the threat of them offset positive news on vaccines. Its also been a big week for retails, bjs and macys reporting this morning all the numbers as soon as they hit the tape. Working from home may not save you money. Why paying a new tax while working remotely. A little holiday decorating can carry you through some tough times making a buzz this morning. Mornings with maria is live right now. Dagen european markets feeling the sting of more lockdowns, red across the board in france, england and germany, all down about 1 . Mixed story in asia overnight with fractional moves there. Kospi and south korea shanghai to the plus side. Cheryl casone has all the news that you need right now, good morning, cheryl. Cheryl good morning to you, dagen. United stat
Start off cold this morning. But very sunny skies outside right now mostly Clear Conditions in fact our live camera showing east bay zone right now this are camera on top the east bay hills on berkeley and we can actually see a street to the bay, so its a nice clear morning. But it is very cold check out these that chilly temperatures 40s and 50s right now that im tracking but things are going to change into the afternoon because were going to start to heat up and actually get 70s on the board if you can believe that were going to be well above seasonal averages but then tomorrow, big changes are on the way because look at all that rain all that green on your screen that storm system is headed straight or direction in fact we could start seeing raindrops early tomorrow morning so your commute into work might be a little bit of a wet one so make sure that you grab the umbrellas get those ready tonight and your rain coats because were going to need those for a couple of days, ill let you
Growth play so it doesnt make sense but we will break it down. Guy we are getting some data out of the United States, wholesale inventories month on and that number has been trending lower. Trade sales coming through significantly better than anticipated, 5. 4 . The prime number was really ugly and that was 16. 9 which has been revised slightly higher but this is late data so in the rearview mirror. The claims data is more highfrequency. We got that earlier on, a little better than anticipated, lets break it down. Were looking at jobless claims coming in above one million for a 16th straight week in while it was slightly better isn what was anticipated, basically double what we saw during the first of the financial crisis. Continuing claims track the number of people claiming ongoing on a plummet benefits and that declined to the direction is encouraging. Of the hotspot states where we have seen covid flare up, texas saw a pickup in claims, arizona little changed and california dropped
Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the oil market. Stocks, they are going up, too. Reopening is popular with investors. Look at this. Lot of green, lefthand side of the screen. The dow is going to be up about 300. The s p up 36 and better than a 100 point gain for the nasdaq. Yeah, tuesday, may 5th, a positive tone today, if you ignore the everwhining media. Varney company is about to begin. Stuart lets get right at it. We will bring you an update on the reopening of the country. California and new york, both outlining their plans.
Patients. I give you all Celebrities Making music online. Since were all talking about staying home. Music has the power to heal. Announcer tonight its all hands on deck. Were going stay in this until we can defeat it. Announcer America Rising fighting the pandemic. Heres david muir. Thank you for joining us for this live America Rising fighting the pandemic. Tonight hear the story of the heroes on the front likes the. Doctors, the nurses, the Health Care Workers, the paramedics, the police, the Grocery Store workers. So Many Americans answering the call as the coronavirus explodes across america, and nowhere is it more evident than here in new york, the epicenter of the u. S. Outbreak. The country has more than 160,000 cases coast to coast and this number just in tonight, more than 3,000 dead. 253 deaths reported in 24 hours. President trump late today warning, challenging times are ahead for the next 30 days. Doctors and scientists on his team saying we could see up to 200,000 americ