That. A modest down trend. Tomorrow, though, thats the big jobs report. Almost certainly the worst in history. Okay. But look at this. A rotten economy and a Big Stock Market rally. We get a lot of inquiries as to why is this happening and the short answer is well, the market looks to the future and its clearly seeing an economic recovery, and the trillions pumped into the economy are very much appreciated. Put it like that. The dow is going to be up over 300 points at the opening bell. Thats better than 1. 3 . A similar gain, 1. 5 for the s p. Look at the nasdaq go, up 1. 5 . Thats because of this. Big tech. Again, leading the market. Just look at this. Apple is at 303. Amazon up 21 bucks premarket. Nice gain for microsoft. Nice gain for netflix as well. Thats whats happening. Big tech again dominating the market, plowing higher. Bombshell news in politics. Mr. Impeachment, congressman adam schiff, he is not looking good. There are dmumennew documents o russia, russia, russia probe. M
Manufacturing, down 1. 3 million. Overall, whats striking is how fast we descended into a depressionlike situation and of course, we want to know how fast we are going to recover. White house economist larry kudlow will join us in just a few minutes. Is this as bad as it gets and whats the timetable for returning to growth . We will ask him. Before the news came out, the dow futures showed a gain of about 250 points. The moment we saw the numbers, dow futures were pretty much the same. We have now moved up a bit more. We are looking at a gain of 284 points but remember, these numbers were expected. They were already baked into stock prices. Stocks are up because investors are looking to the future, where the economys in recovery mode, and theyre looking at, what, 7 trillion worth of stimulus. That always goes down well on wall street. As we said, the dow up 280. The s p up 33. The nasdaq up 87. Lot of green despite the terrible numbers. Obviously, this is a big day for your money. Its
Major funding for the pbs newshour has been provided by life isnt a straight line, yourself heading in a new direction. Fidelity is here to help you work through the unexpected, with Financial Planning and advice for today, and tomorrow. Carnegie corporation of new york. Supporting innovations in education, democraticme enga, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcastin and by contributions to your pbs station from viewers like you. Thank you. E woodruff at ite house tonight, President Trump is ending pandemic shutdowns. Across the nation, officials have put out new numbers on covid19s toll in lives, and livelihoods more than 32,000 out of work. Ions more thrown amna nawaz begins our coverage. Nawaz as the covid19av pandemic rages the economy, another 5. 2 million americans filed for unemployment last week. That new j
Joining me, political insider, and nick ballard, served as the communication director when he was mayor of san francisco. Good afternoon to you both. Good afternoon. Hey christine. You know newsom better than anyone. Translate, whats he saying and not saying with right. A situation like this, you have things you need, facts, a plan, and have the credibility to deliver the facts and the plan. So Governor Newsom knows he cant go out there and say well, were going to reopen california in two weeks. Instead, what he did is laid out six criteria that had to be met before we can make the determination. And i think that by doing this, he is not squan credibility, he is finding a way forward without saying he would be held to in two or three weeks. Because he really cant at this point. Lets go to the six indicators. We have a graphic to show you what they are, the ones he will use and be guided by to decide whether it is time to start the reopening process. One, that is to make sure theres goo
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more