White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Casino, those are the biggest gainers today. But fears over the virus remain as cases in the u. S. , italy and around the world move higher though the president says he would love to have to country open by easter we are up 1700 points on the dow. Nice for a change. We have a huge lineup of guests coming up. The ceo of cvs health will tell us about the companys hiring spree and Virus Testing plans. Campbells ceo will join us to talk about the supply chain and well discuss the administrations actions thus far with mark short, chief of start to the Vice President. Lets focus in on two of the big stories, kayla has the latest. But first, mike is tracking todays market rally mike, over to you. By the looks of it, its a sturdy rally well scrutinize to see if theres more than anything but a bounce it tells you a couple of things. One is a strong bounce is it doesnt look that dramatic next to the decline on just experience really just a step in that direction of trying to make some distance b
Could you suggest which specific areas of the country could have guidelines relaxed . Trump i think there will all Start Talking about that in a few minutes, tony will talk about it, but cant say lets close. People dont want to close. I say it again and again. The reason i do is that i want you to report it eventually. Reporter when you talk to president xi tonight, what do you want to talk to him about . President trump it is his call. I think we will have a beautiful call. It is tonight at 9 00. We will be talking about the virus. Reporter the market rally again, up over 4000 points in the last three days, largest increase since 1931. The Economic Activity has passed . President trump no, it has not passed but it has come along way. They think we are doing a really good job in terms of running this whole situation in terms of the virus. I think they feel that the administration, myself and the administration, are doing a good being very important in keeping people informed, because t
In fact the first half of today we will see pretty wide spread rain continuing much like yesterday. You can see it happening now, plenty of green and there is a focus down in the south bay. However that is about to start changing soon. Lets come up to the north bay and you see the rain bands returning. You take 101 and it is raining from the top of Sonoma County and raining out to the golden gate bridge. Look at what is coming in to the city right now. A band of yellow and orange and getting into the east bay. That is the next wave of rain that progresses across the entire bay area, temperatures are fine. We are about 50. Here are your headlines, wide spread rain this morning will turn into afternoon thunderstorms, so it will be a different kind of rain for the second half of the day, scattered showers and occasional isolated thunderstorm and it is still dangerous travel in the sierra for anyone up in those mountains. There is a lot of snow, good news for the snow pack and i will be ba
Lockdown in that country, and Risk Appetite builds. Asian stocks had for their best day since 2008. Equity futures point to a positive open in europe, as well, after an incredibly positive day yesterday. Just under an hour away from the start of cash equity trading on that continent in europe and over in the u. K. Lets look at futures after yesterday, the dow put up a up ad game the dax put record gain, almost 1000 points yesterday. It is pretty astonishing that we well. Tures up today, as i should say, the dow yesterday in the u. S. Put up a record gain of sorts, the biggest gain in the Dow Jones Industrial index average since 1933 and yet, you see futures on the s p and dow jones positive, nasdaq futures down a little bit, but they also saw a big gain in tech stocks yesterday, the nasdaq jumping yesterday about 10 . A lot of indexes yesterday in the u. S. , jumping 10 . The nasdaq, really just joining the bunch. Our top story is the stimulus packages across europe and in the u. S. Wh