370 but did end the day lower. It was the first down day we have seen in five trading sessions well watch what happens today we have a fed meeting coming up. That will be the pla is to watch as we hear from the fomc later today. The 10year just below. 6 a month. This has been the best month for the dow in 18 years because we are coming off of march because that was the worst year for the dow in 22 years. You see these huge swings first down and then up what we are watching in the equity markets the one thing about 10 crude, every dollar it goes up, we could go back to 30 every day. Lets use the dollar every day that might not happen. Equities do seem to do better. Thats a lot of room to go. Maybe. But sooner or later, thats not good either. The move came after data from the American Petroleum institute. Showing that crude jumped. That was 600,000 barrels less than expected. We saw some wild swings yesterday all around these low levels 10, 11 14 today, as you can see market stocks gave
The subcommittee will come to order. Welcome to our first Budget Hearing of the Senate Appropriations subcommittee on Congress Justice in science, and related agencies for this fiscal year, 2021. We have the honor of hearing from secretary of commerce, wilbur ross about the president s for the department of commerce. Welcome secretary ross for your appearance. We look forward to hearing from you this morning. As we, know the department of commerce executes a broad range of critical activities for our nation, things that are important to every american, things that are important to us as members of the senate, and issues that we care a lot about. Research and development, Cutting Edge Technology for predicting the weather, increasing trade and investment, recruiting businesses to our communities. The census has been an essential component of the departments business for the last several years. The president s request is eight billion dollars, 6. 7 billion below the fy 20 enacted level,
Secretary wilbur ross on budgetnt trumps 2021 request and he talks about the 2020 census, space commerce and trade relations. Held by a subcommittee, this is two hours. Sen. Moran good morning, everyone. The subcommittee will come to order. Welcome to our first Budget Hearing on commerce, justice, and science and related agencies for this fiscal year 2021. Today, we have the honor of hearing from secretary of commerce wilbur ross about the president s fy 21 Funding Priorities for the department of commerce. Welcome, secretary ross. Thank you for your appearance. We look forward to hearing from you this morning. The department of commerce executes a broad range of activities for our nation, things that are important to every american. Range of critical activities for our issues that we care a lot about. Research and development, cuttingedge technology, predicting the weather, increasing trade and investment, recruiting businesses to our communities. A componentas been of the departments
The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowest level since 2008 and pumping 700 billion into the Financial System. Were waiting for a rescue package from congress. Were waiting to see if the administration will put money directly into the hands of affected workers, helicopter money, for example, and into desperate industries. A kind of modern bailout. So whats next . We will find out in 90 minutes. At 10 30 eastern, Vice President pence hold
Coronavirus. Health professionals warn we are days away it hitting the u. S. In a bigger way. Fox newss Mark Meredith with more in washington. Mark, the administration, 15 days to slow the spread. We can get it under control by august earliest of july. The president looking at lock downs potentially for certain hot spot areas . Is that what happened . A lot going on as you mentioned. White house starting with new guidelines helping americans combat the spread of the coronavirus. Guidance comes as President Trump said u. S. May face recession from the outbreak. Latest numbers though. The number of cases coronavirus right now, over 181,000. Number of death worldwide and climbing. Number of cases 4200 that number on the rice. More people get tested. Number of deaths at 72, those are expected to climb. With the numbers on the rise, cdc is rolling out new guidelines for americans to stay safe. My administration is recommending that all americans, including the young and healthy work to enga