Beijing says mainland infection rates are falling rapidly. The virus continues to wreak economic havoc. Data shows acrosstheboard slumping china for the first time on record. Shery lets take a quick check of the markets closed in the friday session and how u. S. Futures are reacting to that emergency rate cut. We are seeing u. S. Futures accelerating losses at the open, down more than 4 despite the fact we saw another emergency rate cut by the Federal Reserve and President Trump expection x resting satisfaction expressing satisfaction. This comes on the cut friday and we saw the s p 500 seeing its best day since 2008. We have every sector of the s p 500 index in the green, rising at least 4 following the worst session since 1987. We did have the president also coming out with many measures to support the economy including a declaration of National Emergency and moving to prop up energy prices. A moratorium of federal student loan interest. Not to mention the private sector jumped into
Commentatoentary the last 24 hos whether its acumen and dalio on one side you point is, no revelation 6 8. Why are we not believing in science . You have been pretty consistent on that. What happens today if the fda approved a drug . What happens if they do that do we then start thinking about, geez, how much pain it will be if we print all these dollars. How about if it is approved and we say, you know what, im really worried about boeing. I mentioned that because its front and center, but im looking at the fda and not at the fed, and i think a lot of people who came on this morning oh, damn, i lived in my car and was not doing so well its not all done in fair weather. I listened to a lot of really rich people, some crying yesterday, today, talking about the end of days, i think the American Worker is a little tougher and i think if we get the drug, we get approval, i think well all say, geez, maybe this thing isnt going to last forever and we can tide workers over, and we can help th
If you do have to get out and about this morning, how things are looking good. Especially on our bay area bridges with no delays right now. Look at this. New this morning, a massive house fire in Alameda County. Crews are still on the scene. Kpix 5s jackie joins us. 12 people are displaced from this two alarm fire that happened earlier this morning. You can see firefighters are now up on the group ellipse is up on the roof. They are tackling the roof because they are trying to put out and any hotspots. There was some sort of an explosion that is still under investigation. Smoke was so intense from this fire at one point earlier this morning, you can see it for salesforce power cam. That is far away. Three buildings in total were affected by this and now 12 people are displaced. The powerline was not down like it was originally. It was actually a telephone wire but they were able to secure sin. I asked about social distancing and if it is even possible for firefighters. In a Perfect Wor
And the president needs to be heard from on this issue. Vice president s appearance yesterday only caused the market to worry whether the president was even worried enough. Its important that hes doing what hes doing, and get out there in front of america. Tonight the president will put all those concerns that investors have and america has at bays as he pitches a new stimulus package. The easiest way to do this, the payroll tax cuts, it maybe one of the plans we hear from the president tonight. The other would be industry tax cuts. You know how much it bothers me that things are getting some politicized. I dont think these measures will be appreciated by democrats. We are already seeing pushback by the left and the Mainstream Media. These payroll tax cut is not if fully baked plan. But what do you think of the concept of that in general . I dont think its the right concept. I have not found a single House Democrat interested in a payroll tax cut. The payroll tax holiday only goes to p
And the president needs to be heard from on this issue. Vice president s appearance yesterday only caused the market to worry whether the president was even worried enough. Its important that hes doing what hes doing, and get out there in front of america. Tonight the president will put all those concerns that investors have and america has at bays as he pitches a new stimulus package. The easiest way to do this, the payroll tax cuts, it maybe one of the plans we hear from the president tonight. The other would be industry tax cuts. You know how much it bothers me that things are getting some politicized. I dont think these measures will be appreciated by democrats. We are already seeing pushback by the left and the Mainstream Media. These payroll tax cut is not if fully baked plan. But what do you think of the concept of that in general . I dont think its the right concept. I have not found a single House Democrat interested in a payroll tax cut. The payroll tax holiday only goes to p