Nascar becomes the first sport to return without fans in the stands. How it could drive the conversation on bringing sports back to america. Gentlemen, start your engines, but first, heres todays eye opener, your world in 90 seconds. Theres a very real Health Consequence to these shutdowns that must be balanced against, as we try to reopen this economy and move forward. Many americans out and about for the first time in months as more states ease restrictions. I think were doing pretty well, being precautious. People will have to be fully confident and that may have to await the arrival of a vaccine. This pandemic has fully finally torn back the curtain on the idea that so many of the folks in charge know what theyre doing. The war of words is escalating between President Trump and former president barack obama. He was an incompetent president. Grossly incompetent. North carolina bracing for the first named storm of 2020. Tropical storm arthur. This is an early start to the hurricane s
Loneliness, isolation could be more widespread and a bigger problem. Kennedy is here to give us her take. All that and so much more on making money. Charles stocks at session highs. Well the week is off to a monster start. It began overnight with jay powell saying that the fed has no limits in his 60 minutes interview about the economy, economies around the world doing well, opening up, including italy which i think is very symbolic. Not only stocks on the move. There has been major breakout in the price of crude oil. Then came that real positive news. We know that hundreds of companies are racing for a covid vaccine. While moderna says its initial results from a phase one trial have been very good. In fact they said the vaccine candidate, quote, has the potential to prevent covid19. The market has erased all last weeks losses. The question, what should you be doing . I want to bring in jeff saut and gibbs welt management president and cio, erin gibbs. Erin, let me start with you. This
Earnings and econ perspective and focused on what reopening looks like we have Something Like 16 states that have already put forward plans to begin reopening and lifting restrictions to parts of the economy plus seeing some of those efforts take place in europe as well key to all of this, though, jon is testing and treatment, something were going to talk about in this hour. We are certainly. Want to mention the major indices higher, all three, the dow, s p and the nasdaq, by about 1 as we look at this very active week in earnings season, particularly in tech were going to get microsoft and amazon earnings wednesday and thursday everybody likes to focus in on the cloud lines in those earnings because those are the two biggest players. I think the question on cloud for them is going to be which customers are using more services than in the past, which customers are using fewer and then as we start to look out beyond the second quarter, whats the Impact Likely to be in the second half of
Amendment fight. The states have power to reopen. New york state Governor Andrew Cuomo will sue the white house there are two task forces. One on the northeast, one on the west coast, how do you see this playing out . I think they will all end up working together. I think the president wants to be able to share his vision of the appropriate timing. He has got a lot of real professionals working with him and i think the governors do really want to work side by side there may be discussions who is in charge of what. Reality is, look, timing on this, the timing on this recovery will be depending on science. It will be dependent on our ability to get back to work as soon as possible. The president has the right idea. We need to open up the economy as soon as possible but at the same time these governors, i think they feel the same way. Theyre going to want, theyre going to want us to respect the federalist, the federalism that has been a part of our country but most certainly i think this
Coronavirus pandemic. Talks aboutakabas the u. S. Economy and the Record Number of job losses as a result of the virus. Camila dechalus good morning. It is wednesday. Four weeks since the World Health Organization declared the outbreak a pandemic. As of today, nearly 13,000 americans have died of the disease, 400,000 americans have been diagnosed, and a 360 Million People in 42 states in the district and in the district of columbia are living under stayathome orders. We are asking how you are dealing with social distancing . Let us know how it has impacted you, your family and job. We have split up the phone lines by age. If you are under 25, 202 7488000. 2650 years. And if you are 5170 years old, the number is 202 7488002. And if you are over 70 years old, 202 7488003. You can catch up with us on social media. Wj on twitter. And regis on facebook. Reach us on facebook. Call now as we show you the map from the New York Times of the states in which residents have been told the stayathom