What the governor said a moment ago, he is tired of being behind this virus. We have been behind it, playing catchup from day one, trying to put a plan in place that puts him ahead of it, plans what he believes will be the apex in terms of the virus and the impact on the state of new york in the next two to three weeks. Before we go back to the numbers, another thing the governor mentioned in albany a moment ago, his brother chris, who host as nightly program on cnn, is positive for covid19. His symptoms, according to cnn, are mild. Chris cuomo will continue to host his nightly program, they say from his home on a daily basis, again with mild symptoms. The governor has been talking about his brother who he says is his best friend here for the last few minutes. Before that he did go through these numbers. Lets put them back up there. 75,759 cases in the state of new york and 1500 deaths. 1550 is the latest number, up from over 1200 yesterday. These numbers, to neils point continue to ri
Program. Democrats said it stops right there. They want added items that would no doubt be taken up in the house of representatives. Thereby substantially increasing cost of that. But the real catalyst for a lot of this as far as Financial Moves is no less than the Federal Reserve because 2. 3 trillion has been thrown at everything from the fed, shoring up support for small and mediumsized businesses to buying mortgagebacked bonds. Buying a lot of junk bonds. Just, anything they can get their hot little hands on. The junk bond thing is kind of interesting, folks. You might recall in the financial meltdown, we had these mortgagebacked securities. Remember they would pool mortgages, even iffy ones into a package of securities you could buy, mostly like a stock. When things are turning south, no one wanted to buy them. The Federal Reserve it saying when it comes to junk bonds, we dont think theyre there yet. Just in case well be buying a bunch of them. Indicating the markets the fed is no
All of this out. Stocks are in and out of touching 7 fall i dont have that would trigger another Circuit Breaker. At the worst we were down 6. 7 . Now down about 5 1 2 . That translates into a dow barely above 20,000. The same drama, surreal one continues to play out across the country. I want to show you what is happening this is new yorks times square, this has been pretty much the youre not seeing many people drawn to the crossroad of america, among some of the busiest thorough fares on the planet. Youre seeing similar situations play out in seattle, washington. Youre also seeing it play out in the likes of hoboken new jersey where the mayor there has, is saying that people should go ahead and obviously selfquarantine themselves, if you will, or selfisolate. New york Governor Cuomo by the way has distanced himself from new york city mayor de blasio who is advocated an across the board crackdown, a lockdown here, that would call for pretty much everyone, at least in manhattan, at lea
New york newsroom. With news breaking, hillary. We start with you. Reporter connell things are quickly moving on the hill. We started this morning essentially a victory lap in the senate, announcing republicans and democrats on the senate side reached a deal. Since then the deal has come off. We heard from four republican senators say they cannot support the bill as written because there is a provision in it, either a drafting error or something put there on purpose would essentially make workers, make more money out of work rather than in work based on, additional money they would receive from taxpayers as part of this plan. This bill pays you more not to work than if you were working. Very few people are going to turn down a 24hour dollar deal not to work. To work for 15. Reporter four republican senators, senator lindsey graham, tim scott, rick scott, ben sasse are coming out speaking against that part of the bill. Senator Bernie Sanders calling those four senators out by name, if t
Dow hit its alltime high of 29,568, just 16 trading days later its down 3,400 points. Keep a little perspective here. Yeah, thats a big and rapid drop, but were not at this point in a bear market. We are going to open down 700 for the dow, 80 odd for the s p, 270 for the nasdaq. Its a friday. Remember that. Its important. There will be some reluctance to hold stocks over the weekend because you simply dont know what virus headlines will greet you come monday morning. Now, heres some positive news on the economy, which is having no effect on the market. 273,000 new jobs added last month. A blockbuster report. But that report looks backward. The stock market looks forward. Larry kudlow will be addressing this coming up on the show today. And we expect to hear from President Trump shortly. Last night at his town hall on fox, he had a calm demeanor and on the virus he said we have plans for every single possibility. The campaign trail. Elizabeth warren has not yet thrown her support behind