Washington journal program. Go through our social media feed. Cspan, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Cherry treasury secretary Stephen Mnuchin and carranza testified on the implementation of the cares act corona virus relief law. The Small Business Committee Members asked about the rollout and the effectiveness of the Paycheck Protection Program referred to as ppp. [inaudible] todays hearing on this committee on Small Business and entrepreneurship will come to order and i want to thank everyone for joining us here today and welcome both secretary mnuchin and administrator carranza. Thank you for being here so far away and all the members for being here today. This is our first opportunity to hear from both of you about the enactment of the cares act as it applies to Small Business. The cares act as landmark legislation and less than two Weeks Congress passed the largest Economic Relief ka package i
Boris johnson announces the first step to easing its lockdown. Donald trump combats an outbreak in the white house as he tries to return to work. Vice president mike pence spends the weekend in selfisolation. The European Commission threatens to sue germany. Therong rebuke over Constitutional Courts ruling on ecb bond purchasing. This is the picture weve got. Welcome to mondays program. Of futures, euro stoxx 50 futures up by 0. 4 . Ftse futures upice 0. 7 . Up by 0. 7 . We have seen the nikkei doing quite well. The hang seng doing quite well. Less well in the chinese market, but broadly speaking, positive. In response to a lot of talk about stimulus, we have had talk from the pboc and china, policy coming through in india. Lots to think about in asia. Also thinking about the european context. We will look to where all of that conversation goes. That expectation of fiscal policy doesnt seem to be underscoring the positive move in equities. Reopening gradually, very gradually. Economies
York have been discharged. Meantime, italy seeing its lowest number of deaths in more than two weeks and that is helping the market this morning. A strong rally in store as investors begin this holiday shortened week with some optimism. As you can see, the futures up, the dow up 788 points, the nasdaq and s p all well above 3 . It is a different story, though, for oil. Even with hopes of a deal between the russians and saudis, we still have a glut of oil because, well, no one is using it. Oil down, as you can see, down nearly 5 at 26. 94. Meanwhile, questions begin over whether to reopen the economy, when exactly. That will be a political decision as well as a medical one. And President Trump warming to the idea of a second task force whose job would be reopening the economy. All of this while the need and scope of a fourth stimulus package is also being discussed. Hello, everyone. Im Ashley Webster in today for stuart. We begin with your money. Joining us now, economist john lonski. J
To decrease the risk of this continued transmission of this virus to other staff, other residents or outside the facility. Public Health Officials are now investigating and testing at two other senior care facilities in contra costa county. This pandemic is showing no signs of slowing down in california. Johns hopkins reporting there is more than 11,000 confirmed cases in the state. The bay area saw its total top 3,000 cases with Santa Clara County accounting for about a third of those. The number of patients in icu beds around the state now over 900. Thats about four times the count from just last friday. Ysisffs areal cos police chief siness owners found violating Public Health orders. Weve had to cite a business in the last 24 hours, and weve cited individuals in the last 24 hours. And these are people that have been warned before. Chief bill scott says there will be no more second chances. Anyone or any business found violating the rules a second time will be cited. Meanwhile, toda
For independence. And, among other things, i mean, tomorrow is a perfect storm for the market and for market geeks like you and me. You have the scottish results. Right. You have the alibaba ipo. And . You have index rebalancing. Quadruple. A quadruple witching expiration tomorrow. All on the same day. The excitement. It just builds here. I am going to be lurking in the morning while all of this happens. Wont we all . Keep a sharp eye out. We will get reaction to the market and the fed from David Winters, winter green advise others, he is coming up, also continues to be at odds with cocacola and Warren Buffetts berkshire hat away, he joins us exclusively in a little bit. As we said, zero hour for alibaba. The energy really is palpable here on the New York Stock Exchange floor today, more so than normal, eagerly awaitedism po due any time, the pricing will be due any time after the bell tonight. You will hear that news here first and we will prepare you for what should be an eventful fi