P. P. E. And other medical supplies so they can adhere to the safety guidelines and provide a clean and safe environment. But it doesnt stop there. Im also working to assist our lowerincome families, those who rely on the Child Care Development block grants and those who simply need access to clean diapers. Just a couple of weeks ago i was in davenport, iowa, where i got to take part in a Diaper Distribution with the hiney heroes of the qadhafi at the quad city. The National Diaper bank donated 25,000 diapers to this important diaper bank. We know that during this pandemic the diaper supply has run short and ive teamed up with democratic senator chris murphy on this effort to include additional assistance for our diaper banks. Covid19 has also created challenges for our farmers. These hardworking folks are facing new challenges while working around the clock to make sure americans have adequate access to food and fuel. I was visiting with some farmers at the bloomfield livestock market
Claims at 8 30 a. M. Eastern time. Economists are expecting 3. 5 million jobless claims falling record 3. 2 the following week. We will bring you those numbers and jobs number coming out tomorrow. We are expecting a firm e tone with Dow Jones Industrial average up 332 and s p by 72. Take a look at the numbers. Dow industrials down 973 points at the close yesterday. S p 500 down 114. President trump is considering grounding domestic flights between hot spots to try and contain the spread of the virus and boeing to send early retirement as the virus takes a toll on the aircraft industry, its 73 max fleet remains grounded. Coronavirus impacting the 2020 race. Former Vice President joe biden calling for the Democratic Convention to be pushed from midjuly into august. This as pandemic could lead to virtual election. Long lines at Grocery Stores. What you should be getting right now and how to store it and what measures can be taken to make sure takeout orders are safe. We are getting answer
Lauren simonetti watching the markets. Edward lawrence also in d. C. , and Jackie Deangelis in new york, but on the markets, lauren, we start with you. Lauren what a day, right . Oil saw the biggest gain one day ever, up 25 . Closing just over 25 a barrel. Energy stocks rising in a big way. What happened . The president said russia and saudi arabia appeared close to a supply cut, taking oil off the market. We dont know if that will happen, if they actually agree to it or how much they will take off the market and where exactly they will put all of that crude because think about it, were not using very much right now. So supply is certainly out there. Anyway, great day for the price of oil. And with that, some of the big Energy Stocks as well. The oil news helped investors brush aside the news we got an hour before the market opened this morning. That showed last week 6. 6 million americans filed for first time unemployment insurance. 6. 6 million. If you add that to the week before, we
At us, we are at number four. The president , the Speaker Pelosi and treasury secretary mnuchin, they are all on board with a grand infrastructure plan. Leader mcconnell says hold back for now, but it sure looks like a lot more spending is in the works. After all, we are all big spenders now, arent we . Look at the markets. Responding to the jobless numbers and the possibility of more stimulus. The dow looks like it could eke out a small gain of maybe 70. Nasdaq up 17. S p up maybe 10. A fractional gain for stocks despite that jobless number. Look at the price of oil. Up sharply today. The president wants a deal with the russians and saudis and he will meet with Oil Company Executives tomorrow. The oil price this morning is up to, okay, up to just 22 a barrel. Got it. But its higher by 9 . The price of gasoline, look at this, keeps coming down. 1. 97. Thats the national average. In oklahoma, hard to believe, its all the way down to an average of 1. 51. Thats oklahoma. On the program to
Re now files for Unemployment Benefits for first time ever, 6 moy 6. 6 milliont week. With chinas economy, showing tentative signs of recovery, it appears that the chinese ambition and aggression are to rise, the chinese have ramped up military exercises in the contested south china sea. They continue their concerted effort to reshape the pandemic origin in National Media narrative. It without question china. Beyond that many questions. Virus taking up much of National Security counsel time and effo effort. And fake news about this virus. It would be a mistake with terrible consequences for any adverse to attempt to to us harm. Lou chinas coverup and its efforts, sometimes laughable, to try to place blame on others, where the origin and spreads of this disease has been assisted from the very beginning by the World Health Organization leader of the World Health Organization, today, claimed to be quote, deeply concerned about the virus rapid global spread. Despite the fact he parroted ch