Come friday, thats mayday, with spring weather, getting out of the house and back to work will surely take another step forward. Look at this. Investors love it. We know we are in the middle of a seriously shrinking economy but back to work means a way out of the mess. Top officials including the president and the treasury secretary expect a vigorous recovery later this year. And soon, we will see the Financial Statements from the allimportant big tech companies. Investors are expecting solid results and that, too, is helping the overall market. Heres the big negative of the day. The tumbling price of oil. We dropped to 10 a barrel. Now we are at 11. 87. At the moment, its not hurting the stock market, but the possibility of going back to a zero price or a negative price as we did two weeks ago, that is still on the table. Gas, yep, keeps on falling. Not quite quickly enough, maybe. 1. 76 is your National Average. Wisconsin still the cheapest. The average price today actually went up i
Trade in the next year or two. We want to run through the closing numbers here. Looks like we will settle in around 2798 on s p 500. 100 right around 86. 64. It was a pretty broadbased rally. Chipotle,erest pinterest, waiting for more that could give us more guidance on what to expect with regards to the potential gain for equities. Scarlet we are waiting for earnings out of a Railroad Company, but at looking at trading volume, it is a broadbased event. It is interesting on the big updates, we are not getting the level of participation you might expect. There are people waiting if the bottom has put in here. There is a lot of momentum towards figuring out when the economy will reopen, how it will be open by the treasury secretary todd public he about the getting everything reopened by the end of the summer. I think sometime in august . Yeah. We should point now, we are getting news crossing the wire with regards to the covid19 cases in the u. S. They rose to 3. 1 , however, that is bel
Overnight, though they lost some ground this morning. A lot to watch, china pmi backing expansion, the fed launches a new dollar repo operation. Jim, sounds like youre focused on testing, having talked to abbott last night. Right i think that myles white and now the new ceo recognize this, as they did during the aids epidemic, when you find out who has it, everything changes in this country, we can find out who has it, and doing a serilogical test, finding out from blood of people who have had it maybe a lot more people have had it than we knew. Maybe we can find who has got it, they can be quarantined. Already the carpers people are saying its only going to be med techs and hospitals. Myles and robert told me absolutely, this will devolve into a pregnancy test at home. How quickly, i dont know. Abbott labs is one of them dr. Gottlieb is going you know what ive seen science this is working in forgave earl avor ofd guys megs work with alex gorsky made me feel maybe next year we can go t
The United States is stepping up efforts to combat the spread of the corona virus and its Economic Impacts 2 of its largest cities new york and los angeles have already ordered the shutdown of bars and restaurants and the Federal Reserve bank has stepped in to provide relief for businesses but officials are warning that the worst is yet to come out of there as alan fischer reports. From the president of the United States words aimed at comforting americans relax were doing great it all will pass moments later from the man heading the dr against the virus a starkly different message the worst is yet to head for us it is how we respond to that challenge the number of confirmed cases in the u. S. Is no more than 3000 states are shutting down bars and restaurants curfews are starting to be introduced. Face of america is changing at airports as the extended european travel ban kicks in here the. Staff carrying out Health Screenings have been overwhelmed the governor of illinois blamed a Tru
A lot of focus on the u. S. Jobs report we saw in the u. S. As you look at the pound its 1. 3003, we need to look at the trade relationship and negotiations between the u. K. And eu. Up versus dollar currently 109. 68. Coming up we talk all things geopolitical and geopolitical at 11 00 a. M. London time. Lets get the first word news in new york city. Volcanoe philippines, a eruption is prompting evacuation of thousands. Triggered earthquakes and spewed ash across manila. Markets were suspended, experts morning a hazardous explosion explosive eruption is possible within hours or days. U. S. , the nation is looking at reviving semiannual talks with china. There will be used to discuss the economic relationship between the company countries. Today, chinas vice premier heading to the u. S. To sign phase one of the trade deal on wednesday. Many shortcomings, that is the conclusion of the report during hong kongs recent unrest. The investigation finding a lack of communication, no clear guid