Good Tuesday Morning im Carl Quintanilla with david faber and jim cramer coming to you live from separate locations this morning coming off that 7 rally and futures build as optimism about flattening the curve goes into a second day more talk of another round of congressional stimulus oil up about 2 , as we await the opec plus meeting and exxon slashes capex about 30 . Mnuchin and kudlow on the tape this morning saying the white house looking to reopen the economy as soon as Health Experts give the green light but thats going to be met with skepticism today look, ive got to hand it to them in terms of trying to make it so theres enough money for small and medium sized business to get open. Theyre doing it theres no limit to what theyll give i think the Community Banks, no limit to what theyll lend i really like that the other side though is the customer and weve got to find a way for the customer to feel confident i know i will feel continue if i dent when i see everybody else wearing
Peter your new book is called hidden in plain sight. You remember the Financial Crisis Inquiry Commission investigating the cause of the 2,072,008 financial crisis not only democrats but also from the republican appointees what did you see that they didnt . The housing system in the United States fannie mae and freddie mac for quite a while before a lot of background of what has been happening in the housing sector. I was looking for the commission to look into what happened with fannie mae and freddie mac what role they couldve played in the housing crisis and i found the commission was not interested in that. They would not look at it to the degree that i tried to interest them and given all kinds of signals that is not something they would do but my differences with the republicans came from the fact that my view our responsibility on the commission was to make sure the American People understood what happened in the crisis and i was outside the partisan differences between the repu
Scrambles to absorb the rate shock. Opec has failed, failed to reach a deal to cut production all of this as the coronavirus spreads globally we are now more than 100,000 confirmed cases worldwide with more than 200 cases right here, kelly, in the u. S. Thank you we have all angles of todays sell off covered bob pisani is watching squatock. Rick santelli is in chicago where yields continue to plunge. Steve liesman is monitoring the fed and economy and diana oleic is telling us what it means for the economy and eamon javers at the white house looking at possible government response, but lets begin with bob just barely negative for the week i know that sounds startling barely negative for the week overall. Important thing here the bottom was 2954 and we are below that bottom right now for the s p 500. Take a look at some of the laggards now microsoft down very weak today jpmorgan, the worst performer, down 7 overall. Nike also weak dow inc also down. Home depot is down for the day, but u
Time now for global exchange, where we bring you todays market moving news from all around the world, from hong kong to berlin, dubai, new york, and washington. Our bloomberg forces are on the ground bloomberg voices are on the ground with todays top stories. Boeing and airbus will go dubaiohead at the annual airshow. We will be talking about may be the first next year, possibly even a bit longer. But in the end, i will repeat the question, the only entities which will sanction the flying of these aircraft are the regulators. It is not boeing. Alix for more, our correspondent joins us on the phone. Walk us through some of the big take away from the dubai airshow and some of the surprises. Reporter thank you. A maxlly, boeing secured , the biggest order after a drop. Version ofse, the the max has been [indiscernible] 8 secured the 737 max from a supplies only character in the uae. [indiscernible] airline, ofsister emirates airline, which makes it the second largest customer for the 737
Now because of an agreement between the city and environmental groups, 937 acres of this lands will likely be purchased and set aside as a permanent open space. This agreement is enormous. Reporter environmentalist Roger Castillo says it traps fresh water for san jose beneath the ground and also benefit wildlife that will be able to pass from one mown range to another without significant barriers. It is really important to get animals their corridor to move from one peak to another and keep biodiversity. Reporter but its not what long time Property Owners wanted close to 90 years in the valley. Reporter kens family has grown cherries in the area for years, and hes afraid the land will stagnate. Were just looking for existence, thats all. Reporter and he questions why san jose will let go of space for industry and housing. I dont know any place in the world where they dont need homes more than in this area. Reporter the City Council Still has to vote to approve the agreement, and they m