Side want to play political games senators clashed as they failed to reach an agreement on a nearly trillion coronavirus response. Bill what we have a basic philosophical conflict, democrats blocked a republican proposal oregon senator jeff merkley calls it a slush fund for big corporations like the Airline Industry so theyve invested 50 billion in profits during the good times and buying their own stock. And giving huge bonuses to to their their management. At that time they want to see what the public bail us now republican senators say bipartisan negotiations were going well until House Speaker nancy pelosi showed up back in washington and got involved and angry senator john thune of south dakota said the bill included many provisions democrats want like direct checks for americans increased Unemployment Insurance and money for Small Businesses to pay their employees that right there is billion. Going to workers. Soon says there is 500 billion worth of money for big corporations but
Ms. Collins madam president. The presiding officer the senator from maine is recognized. Ms. Collins thank you, madam president. Madam president , the United States is facing a crisis unlike any other in our recent history. Madam president , this is no time for partisanship or for political differences to prevent us from coming together and working in the best interests of the American People. The coronavirus pandemic has arrived on our shores and is growing exponentially, sickening our people and devastating our economy. As of today, more than 26,700 americans have tested positive for the virus, and 340 people have died, while 176 have recovered. In my home state of maine, there are now 89 cases in eight different counties. Hospitals, doctors, and nurses are struggling to triage the influx of patients. Nursing homes are locking down their facilities in an attempt to safeguard their vulnerable residents. Students and teachers have had to transition abruptly to Online Learning as school
Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If
Argentinas debt levels are unsustainable. This is after the review we had been expecting. We will dig a little deeper into any and try to let you know impact from that decision. Lets dive a little deeper into the action with our markets reporters from equities want. Watching . Hat are you abigail i have volatility on the mind. The vix maybe receiving the panic index. The skew index is an interesting to. It could be hedging against a big move higher for stocks or could be an early look at volatility. In 2018 in the summer when the vix was smooth was snoozing, that is shown in yellow. Part over the last year, both the vix and the skew index down. We see the skew index going back to levels seen in 2018. That is ahead of the pullback we had last month around the coronavirus tragedy. Take a look at this. We have a big divergence between the skew index and the vix. Something worth keeping in mind. Taylor i wanted to take a look at the stocks index. It has been outperforming the general marke
Breaking year for payouts, the best dividend stocks to own in this market. The Investment Committee is ready to go, Halftime Report starts now its great to have you with us on this friday, our Investment Committee, jim, josh brown, and portfolio manager, we begin with stocks, the dow hitting 29,000 for the First Time Ever, the question now, how far this market can really go, and whether its all happening a bit too quickly. Josh i come to you with that notion 37 days its taken to go from 28 k to, six stocks accounting for 950 of those points. I think its accelerated a little bit too quickly, and please take that in the context, i have been on this network for nine years telling you to buy, pretty much unequivocally telling you to invest. I do think were reaching the point where the chase is just almost visceral. Everyone you talked to, and then you look at the big leaders, and i own some of these, so again, take this with a grain of salt google, facebook, apple and nvidia gained 4 this