Contain the virus and well look at coping with it as well how to protect your Mental Health whilst practicing social and physical distancing while the number of cases is comparatively low across africa if that changes will Health Systems be able to cope. And in sports olympic boss thomas back admits for the 1st time different scenarios are now being considered for this years games usa swimming has formally asked for the Tokyo Olympics to be delayed by 12 months. The coronavirus pandemic has hit another grim milestone in the global terror death toll has now passed 11000 and in china where numbers have been dropping theyve actually seen a jump in imported cases up to 269 which is sparking fears of maybe a 2nd wave of in fact. Just as china starts to recover from the initial outbreak lets go around the world now the pandemic has governments imposing stricter unprecedented measures for example the u. S. Government closing its borders with mexico and canada for all nonessential travel is re
Casino, those are the biggest gainers today. But fears over the virus remain as cases in the u. S. , italy and around the world move higher though the president says he would love to have to country open by easter we are up 1700 points on the dow. Nice for a change. We have a huge lineup of guests coming up. The ceo of cvs health will tell us about the companys hiring spree and Virus Testing plans. Campbells ceo will join us to talk about the supply chain and well discuss the administrations actions thus far with mark short, chief of start to the Vice President. Lets focus in on two of the big stories, kayla has the latest. But first, mike is tracking todays market rally mike, over to you. By the looks of it, its a sturdy rally well scrutinize to see if theres more than anything but a bounce it tells you a couple of things. One is a strong bounce is it doesnt look that dramatic next to the decline on just experience really just a step in that direction of trying to make some distance b
Works ceo will be joining him along with other content and we are out of time, from myself and tyler matheson, mike santoli has you on the other side. Stocks surge as Congress Says that help is on the way when thats still the question. Good evening and welcome to cnbcs continued coverage of markets and the economy in turmoil. I am brian sullivan. In a year of firsts it was another recordbreaking day on wall street. The dow soaring 2,112 points, thats its biggest point gain ever and the first time the index has risen more than 2,000. That move translates into an 11. 37 gain making it the largest climb and the biggest since 1933 on this as they close on a massive package for the American People that could be in the trillions of dollars and well have much more on that coming up and first, lets get to the markets and the money on another wild and record breaking day on wall street we begin with bill nygree in. We need to hear from you on a night like this. These are the machines coming in
Points hallelujah. S p soared 9. 38 . [ cheers and applause nasdaq pulled 1. 28 it feels like 2008 when the Congress Approved the bank bailout. On the for the stock market to start crashing not long after. Sell, sell, sell. The covid stimulus bill will pass and pass on the second vote heres the problem weve been in the worst bear market i have ever seen. We have been down endlessly. Proprietary s p oscillator i follow keeps registering a minus 20 reading making it the most deeply oversold moment in the history of the oscillator. When you get that level negativity, endless, endless, endless, you get a coyle spring of a market. Usually snap back with a vengeance. Typically based on short sellers ringing the register to close out their business remember if you owned a stock and it kept going up, up, up, you might want to take profits then it goes down, down, down, you might want to take profits if youre betting against it and, look, its very bullish that Congress Seems to be making progre
Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. Sometimes, i mean look, i was critical just a couple years ago when powell was talking about tightening when the economy was actually getting weaker. He is so far ahead of the curve that it will be studied. We will be studying this period, and we will say, unlike 1937, when the fed got tight and they threw us back into depression, we will say that jerome powell, after being a little unsure about how to handle things, decided to go out front and said we will make it so that if you want to make loa