From now on on this show well call the contagion what it is. Itits a pandemic that has alry hit 30 nations. It has affected people in 114 nations. More than 1,100 cases have been con nirmd this nation. 30 have died. These cases are not for a lack of testing. At least thats what the health and Human Services secretary alex azar says. Azar saying testing has always been available for americans concerned they have the wuhan virus. We have a surplus of the supply. We have 2 million in shipment or waiting for orders. Just to be really clear about this. We have always had the capacity and capability to test any individual that any Public Health official believes needed to be tested for the novel coronavirus. We just making it more convenient and localized for doctors and patients to get testing. Lou then why mass not more testing been done. According to the cdc multiple specimens are required from each patient. We asked the cdc for clarification on how many patients have been tested and how
Im picking up good vibrations. Shes giving me excitation. Im picking up good vibrations. Shes giving me excitation. Good, good, good vibrations. Cheryl we are kicking off our tuesday with some good vibrations. Welcome, everybody, to fbn a. M. Good morning, im cheryl casone. Lauren we need good vibrations. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving this morning after the dow experienced the biggest point drop yesterday. All three indexes closing in correction territory. The dow is up 877 points in the premarket, s p up 103 points, looking to a gain of almost 4 . Nasdaq pointing to a gain of 4 , up 325. The president suggested relief. Its on the way for american workers. Investors like it. Lauren lets check the price of oil. Oil is up 5 , 32. 68 a barrel. Cheryl the yield on the 10 year treasury taking a look at this is at 0. 687 . The 10 year his an alltime low red of 0. 318 , the yield did. Lauren in asia, chinas president xijinping visiting
From now on on this show well call the contagion what it is. Itits a pandemic that has alry hit 30 nations. It has affected people in 114 nations. More than 1,100 cases have been con nirmd this nation. 30 have died. These cases are not for a lack of testing. At least thats what the health and Human Services secretary alex azar says. Azar saying testing has always been available for americans concerned they have the wuhan virus. We have a surplus of the supply. We have 2 million in shipment or waiting for orders. Just to be really clear about this. We have always had the capacity and capability to test any individual that any Public Health official believes needed to be tested for the novel coronavirus. We just making it more convenient and localized for doctors and patients to get testing. Lou then why mass not more testing been done. According to the cdc multiple specimens are required from each patient. We asked the cdc for clarification on how many patients have been tested and how
287 points. Tracing half of yesterdays loss. The Oil Price Crash is a problem yesterday, still his. Bankruptcies and layoffs are a near certainty in the oil patch, drillers can to make money, cant service their debt with oil in the 30 barrel range. Russia wants to meet with opec soon, to see if the price war can be resolved. Oil is back to 34 a barrel as we speak. The anxiety indicator, the 10 year treasury yields 0. 6 almost double what it yielded at the low yesterday which was 0. 31 . Big day in politics, primaries in 6 states. Im calling it bernies last stand. He needs to win big especially in michigan. He is way behind biden in two recent polls. That would be good news for investors, the threat of a socialist in the white house receives but it is not good for the democrats. Their split is obvious and toxic. Varney and company is about to begin. We are going to take care of and have been taking care of the American Public and the american economy, meeting with house republicans, Mit
Barriers that were unnecessary. They have done that to get the Rapid Deployment of safe, effective treatments. David markets cheering new action from dc, but growing concern over safety of packages with new development from amazon, this is bulls and bears, i am david asman, we have it. Ashley webster looking at green in the market, susan lee following amazon, but First White House and blake buhrmann. Reporter treasury secretary mnuchin said today that damage would administration would like to see,00,000 dollar chs deposited to americans adults and another 500 if they have children. In part of this package they are negotiating and crafting with republicans, Vice President chief of staff said they feel that phase 3 stimulus packages, could potentially makes it way to president s desk next week and be signed next week. President was asked today whether or not that trillion dollar figure is sufficient. Well know about that later, well see what happens it so much depends on what is going on