After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas
Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade also lets look at whats been happening i thought theme parks disney and comcast which is over 2 pretty big gain. Who knows whether it is displaced but it was on hopes of normalcy i dont think it is only moderna we are talking about there is four or five real pharmaceutical Companies Working on it. So just the potential you get and other data point where they say someone else has the success to we dont know what technique i dont know if it is mrna pfizer is working on the mrna technique as well. I
Well show you what happens to a College Stats course when nfl head coach john gruden crashes the party. Early today starts right now good morning im phillip mena im cori coffin as americans continue to fight back the coronavirus states are looking for ways to let their residents out of lockdown. There are signs that social distancing has been making a difference still, the number of deaths in the United States due to covid19 has risen to more than 42,000 a wave of Southern States have now announced reopening in georgia gyms and hair salons will be allowed to reopen as early as friday. In tennessees stay at home order will expire at the end of the month. Texas began its first phase of lifting restrictions by opening state parks. New york has launched a statewide anti body study to try to determine exactly how many people have the virus. The Health Department plans to randomly select 3,000 volunteers at 20 Grocery Stores Officials Say the findings should help with the strategy to reopen
Republican leaders and Trump Administration officials had a breakthrough the senate could pass the legislation as early as tonight. The demick and troll democratic controlled house is planning on calling lawmakers to washington for a vote. Later in the week. Despite californias progress in curbing coronavirus theres a new outbreak at a San Francisco nursing home, 62 people have tested positive at Central Gardens convalescent hospital in japan town, 36 staff. Sorry 36 residents and 26 staff have covid Nursing Homes as you know are the epicenter for many coronavirus cases, spreading and if america is at the center of the outbreak around the world. Why is the president about to halt immigration into the u. S. Companies will tran is at San Francisco airport with more on this move to suspend immigration. Well. Hes thinking about jobs jobs for americans and america which is why in a late night tweet at about 10 oclock his time he took to twitter and he said that he would sign an executive or
Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through the risk of borrowers missing their mortgage payments. Again, treasury secretary mnuchin saying he has no plans for lifeline. Lets now bring in our congressional government reporter, emily wilkins, on the line for more on what we heard from President Trump as well as Vice President pence on the latest efforts when it comes to handling the impact of the coronavirus pandemic. Emily, so secretary mnuchin saying that he has no plans for mortgage servicer lifeline. He says the steps are taken by agen