Day. He said he expects the testing will increase to 25,000 per day very shortly. We have more on the covenants announcement today. Reporter today in an hour plus News Conference very much lacking in specifics, the governor laid out scenarios to reopen in california and vowed he will not be pressure into premature anything. Politics will not drive our decisionmaking, political pressure will not drive our decisionmaking. The science, the data, Public Health will drive our decision making. Reporter the governor says theres been a lot of progress on testing and tracking therapeutic medicines, vulnerable populations, homeless, healthcare surge capacity, appropriate personnel and personal protective gear. The state held officers showed a very encouraging sign. Smacked the total number of hospitalizations from covid19 and the total of number of admissions and icus from covid 19 have remained stable. Reporter a specific as newsom would get on anything was suggesting, not approving, reopening
Nobody wants a second wave. The market starts the week on the upside again. Investors like the get back to work trend and there are several forecasts of imminent recovery for the economy. Secretary mnuchin says there will be a rebound july, august and september. The dow is looking at a 200 point gain first thing this morning. Thats close to 1 . A nice gain for the s p, close to 1 . The nasdaq will be up over a half percentage point. Now, the reason the nasdaq is up, because of this. This week, many Big Tech Companies report their financial position. Strong results expected because the virus lockdown has a more limited effect on these companies. Premarket, most of them are up. But look at oil. No joy for the drillers. They are looking at 12 a barrel and the worldwide glut shows no sign of easing. Over the weekend, the price slump claimed another victim, diamond shamrock. The drillers declared bankruptcy. The price of gas still falling, albeit slowly, about one cent down a day. The avera
News but the point that different regions of the country have different quote unquote curves, the virus does not hit at the same time at the same rate to you hear about different states in the country and when theyre going to hit their apex, when theyre going to hit their top and when theyre going to come down, its different all across the country. Its also different across the state. Weve been talking about states like theyre uniform, homogenous entities some are more homogenous than others when i was in the federal government i worked in every state, so you have a whole different variety of states. This state, we have very different regions within new york when you say new york, people think new york city. Yeah one of the densest places on the globe. You also have upstate new york where in some counties you have more cows than people. People dont think of new york that way as you see variety across the country, we have variety across the state of new york and you have to watch each o
Baseball is looking at an 80game season starting in july. Football arrives in september. Disney allowed, what, onethird capacity at its shanghai park and it sold out. While lockdowns continue, they are being challenged most notably by elon musk. Wasnt to op he wants to open his tesla plant in california. The Authorities Say no. Hes going to court and says he will move out of state if the factory stays closed. As for the market, that will open lower. Solid gains recently but a pullback so far this morning. The dow is looking at a loss of 270. The s p down about 30. The nasdaq off about 72 points. Lets get to politics. Big week for that. It is trump versus obama. General flynns lawyer says the plot to undermine the Incoming Trump administration was launched in the white house by outgoing president obama. President trump calls it obamagate. Theres a lot more coming on that one, believe me. Its monday morning, may 11th, already, and another big show for you. Varney company is about to begi
Optimism grows over flattening curve in some areas of the countries. Signs that lockdowns could be having positive impact. 7 and 3 quarters percent yesterday, take a look. Pretty good rally at the end of the day as well. Dow industrials up yesterday, nasdaq up 540 and s p up 175. President trump announcing a deal with 3m to supply medical masks and he said he had a, quote, wonderful call with former Vice President about the coronavirus response. We have you covered this morning about the pandemic and markets and beyond with allstar lineup you do not want to meet miss. Plus what other possible rounds of stimulus might look like, phase 4. The Dallas Mavericks owner mark cuban is here on what should be done to help businesses survive pandemic. Heros stepping forward to help the world on time of crisis. Mornings with maria live now. Big show this morning and big rally underway, lets take a look at Global Markets which are mimicking the wall streets gains today. The cac quarante is up 118 a