A primary focus for those discussions we have a tough so today so lets go and dive right a. Big stimulus this week as the g. O. P. Rolled out their new one trillion dollar Coronavirus Relief package bill on monday Senate Majority leader Mitch Mcconnell unveiled that plan dubbed the heels are. We manage Senate Republicans ministration have been consulting over the last few weeks to come up with a realistic proposal. With what we think is an appropriate amount of Additional Debt to be good to the economy at this time. We think it is about a trillion dollars. And weve allocated it in a way that we think makes the most. For the country at this particular time. Already theres a split between Senate Republicans on the bill but next come to go sheesh and what the democrats this is ahead of some looming deadlines all Senate Minority leader Chuck Schumer called the relief package totally inadequate perhaps the most controversial is the unemployment a that runs out on friday and Unemployment Ins
Tell those guys, there may people. Before we get to the markets take a look at yellow truck down about 25 . It has been gyrated wildly since last week on news that it would file for bankruptcy and today that happened, the stock is at 2. 67 but it morphed into a mean stock that Retail Investors are playing very heavily. This month alone is pop 55 with jawdropping selloffs and quarter to date it has soared 283 , Charlie Gasparino is looking at the funds he is back he has some news on who needs to stand to lose and when. Even if you dont own the stock. Lets get to the market after the worst week of march, the flipping the script and given the role of protagonist to the bulls at this hour as we kick off the final 59 minutes of trade, Dow Jones Industrial of 405 points. The dow lost 393 points total last week driven by the fitch downgrade of the credit worthiness from aaa to aa plus. Along with investors with the Quarterly Report those losses and raced we are up we are not down like we were
Microsoft, which is still up 3 , down 10 at the moment. Lets start with the house vote Emily Wilkins has the details. Reporter hey, kelly, after 22 days, the house finally has a speaker. Congressman mike johnson of louisiana. He got all republicans to unite around him, all 220 were voting today, one absent, they voted for johnson, now officially becoming the speaker theyre in the process of swearing him in. As soon as they do, hell have to get right to work the house has wanted a shod of support for israel, but theres also the upcoming government deadline, johnson has laid out a very aggressive plan to pass the eight remaining appropriation bills before that point. Johnson will be a bit different from kevin mccarthy. Hes much more conservative, and a little further to the right. One major difference is he hasnt supported a lot of ukraine funding. Back in may, he voted against sending 40 billion to ukraine he also voted not to certify the 2020 election, and opposed the current stopgap m
I have only one question. This is an abc news special report. Now reporting david muir. Good morning. We are coming on the air because President Biden is about to deliver remarks in israel after arriving overnight to a region in crisis. Israeli Prime Minister Benjamin Netanyahu greeting him on the tarmac. President biden then meeting with israels war cabinet in a show of support and an effort to prevent the war from israel and hamas from turning into a much wider conflict here. The president also meeting with the families of victims and First Responders a short time ago. A second planned meeting with arab leaders in jordan on this same trip was cancelled after the explosion at that hospital in gaza. The horrendous scene there, killing at least 500 people. Both palestinians and israelis blaming each other for that blast. For that blast. Meanwhile, there have been protests in support of the palestinians across the region. Youre looking right now at pictures coming in to abc just moments
126, the s p up 23, the nasdaq gaining 89. The russell 2000 is the big percentage winner, up 1. 5 or 26 points. But on this fourth day of the bloody war between israel and hamas, it is just after 10 p. M. Where hundreds of rockets and guided missiles continue to crisscross the sky. Israel fighting back and close to launching a mass ground offensive into gaza after Hamas Terrorists invaded israel saturday night, slaughtered more than 1,000 civilians. President biden just speaking within the last 20 minutes saying at least 14 americans have been killed in the violence in israel, and more than 100 people have been taken hostage by hamas, at least 4 of whom are american. Fox news is also reporting that according to journalists on the ground, soldiers have found infants decapitated by the terrorists in the villages that have finally been secured by israeli military. But help is already on the way. Take a look at boeing. Shares are moving higher, they are at the top of the Dow Jones Industri