Depression. While big0 jumping, tech the nasdaq forward. , butwarnings about growth despite the doom and gloom, australia is back in the market. We are seeing futures look like this. U. S. Futures unchanged. This is after some stocks climbing on signs of the outbreak easing. We had a cloudy picture when it came to corporate earnings. Big gains from tech giants. Aftergan and wells fargo profits hit by major provisions. The nasdaq gained almost 4 . Take a look at oil, now rebounding from a plunge of more than 10 in the u. S. Session to the lowest in two weeks. This, as we had that historic production agreement, but still concern demand destruction will offset those 9. 7 Million Barrels per day cut. Holding about oil 20 a barrel. Still waiting for President Trumps press conference. Aboutabout to speak how he is handling the coronavirus outbreak, as he clashes with governors, clashing with new yorks governor cuomo, about who has the power to reopen the economy, cases now nearing 600,000. O
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
This agreement will fully support Airline Industry workers, preserve the vital role that airlines play in our economy and protect taxpayers. The airlines are in good shape and they will get over a very tough time that was not caused by them. United states is continuing to make substantial progress in our war against the virus. We grieve every precious life that has been lost. To the invisible enemy. But through the darkness, we can see the rays of light. We see that tunnel. At the end of the tunnel, we see light. We are starting to see it. More than ever before. The numbers, everything we done, we have been very strong on it, very powerful on it. Look at what is happening in other countries. Spain, italy, the united kingdom, we are working with them, we are trying to help them with ventilators. They need ventilators so badly. Of counties within the United States have zero cases. Many counties within the United States have a very small number of cases. Large sections of our country are
To commemorate everything the president didnt do. Order your coronavirus check, signed by donald trump, today. Please allow 810 weeks for delivery or longer if his hand cramps up. Its a late show with stephen colbert. Tonight whos to blame. Plus, stephen welcomes Shaquille Oneal astronaut Matt Berninger jessica meir featuring jon batiste and stay homin. and now, live on tape from a safe distance, its stephen colbert. Stephen are we rolling . Were rolling right now. And were on the air right now. What do you think of what do you think of the thing . Last night Cate Blanchett said i should have a flower or Something Back here . Is the orchid working . Or does this look like the lobby of a spa. I dont think so. I dont i dont think so. Is it real . Its real. I dont think so. Folks, if you watch the show, you know i criticize donald trump a lot, but with this coronavirus gripping our nation, i realize i dont do it enough. And i blame myself a sentence donald trump has never said. Because do
Keeping an eye on the treasury market, the 10year right about 0. 638 for that yield. Right now time for the squawk planner. The American Economy has lost about 8. 8 million jobs in the last three weeks economists are expecting the loss of an additional 5 million. Well get Housing Starts data with a decline of 15 for the month of march we have a big lineup of guests starting at 6 30 eastern with black rocks larry fink. We also have ken fine berg, dr. Emanuel, barry diller and House Majority leader mccarthy coming up and cases to top 2 million u. S. Cases top 640,000 new york cases over 21,000 new york governor now squarequi people to wear a Face Covering when out in public that takes Effect Tomorrow becky. Joe, everybody in engel wood cliffs right now is wearing a mask everyone who is not on air it is something they are take very, very seriously too im thinking about exactly what it means when we are all trying to get back and when we are in the nasdaq. I think in the entire place, it i