Relatively good news out of new york where hospitalizations continue to decline although there is a spike in deaths in the state. The governor is worried, outlining for folks the idea of a staggered reopening of the state. Only 45 minutes after new yorks mayor bill de blasio was saying look, it is looking like june. That the city will not be able to open up before june. That was not exactly worthy after fox news or fox business alert. No shocker there. A highranking mayor of the city was making it official all you needed to hear, wow, this whole comeback for the economy which cant get any robust way without new york kicking in is not likely to happen. So that is kind of been pulling and pushing at investors today. Jackie deangelis has more on all of the above. Hey, jackie. Reporter good afternoon. Good to see you, neil. Thats right, the market is paring the losses right now. Youre right stocks are kicking off the week in the red after a very strong week last week. Investors are cautiou
Take a look, winning week better than 1 . Nasdaq turning positive for the year with gain on the session yesterday of 125 points, the dow industrials up 211 almost 1 and the s p yesterday 32 at 4 00 oclock on wall street. On the trade front top u. S. And china negotiators holding a call agreeing to implement phase 1 of the trade deal as and bombshell on Michael Flynn case. Justice department dropping the case against National Former adviser Michael Flynn after serious memo raised questions about the investigationment we have all the details. Boeing ceo David Calhoun, special guest live at 7 00 a. M. Eastern and look at Airline Industry and the latest of the still grounded 737 max fleet, mornings with maria is live right now. Global markets look like this. Take a look. Easing of trade tensions to the United States and china where the two sides agree to finish out the phase 1 deal, cac quarante 36, dax index up 88. German experts down nearly exports down nearly 12 on record. Best performe
Within the dow. Take them out of the picture, things wouldnt be as bad as they are now. Were well off the earlier lows, down 400 points, down about 165 points but also fueling this, offsetting this if you will is talk of progress on that stimulus front. You remember where they were looking for republicans, another 250 billion for the Paycheck Protection Program . Well they ran into a buzzsaw of criticism from democrats that argued it was too tilted to business so they wanted to make assurances for health care workers, hospitals, that sort of thing. I stress that they have reached a broad parameters of a deal. It is not a deal until they both mutually agree. Were seeing progress on the front. That mitigated losses in the dow and offset the oil impact. Edward lawrence joins us now from washington with how this is all progressing. Hey, edward. Reporter neil, close, very close. That is how it is being described. As you said no deal, no ink to paper as it were for this deal. Republicans ini
There have not been big problems to note thus far. We do not know about cases whether well see a spike in cases. It is inevitable we probably will. They just want to keep that relatively contained. Welcome, im neil cavuto. Youre watching coast to coast. Were on top of the president en route to phoenix, arizona, visiting a honwell facility that has been retrofitted for respirator masks and the like. Blake burman on what we can expect to hear from the president later today. Hey, blake. Reporter hi, there, neil. As a lot of these states start to open there is a lot of focus on the different models out there what they project. By and large the white house is standing by the imhe model coming out of the university of washington. It is new projections over the next few months between now and august 1st, there could be by that time some 134,000 covid19 related deaths. However when you look at the model it is showing that the daily number of deaths will be decreasing over that time as well. Th
Mind at 2280, it is still a double digit advance on the year, but its the technology falloff thats getting a lot of attention here. Its led by amazon but concerns as well that the Technology Sector is not immune from some of these issues and then we throw in oil, whats happening with exxonmobil and chevron, as expected, reporting some lousy numbers. Its all weighing on the markets this first trading day of the month. Here to detail that, jackie deangelis. Hey, jackie. Jackie good afternoon, neil. Thats right. This really highlights the fact that earnings matter when it comes to the stock market. You take into account the fact that these companies were reporting earnings that only account for about two weeks of the Coronavirus Impact and we wonder whats going to happen when we get the Second Quarter numbers. But amazon and apple are really weighing today and amazon just shows you, its one of the stocks that everybody has left because theyre saying amazon is doing well during this, peopl