Says the economy will take off quote, like a rocket ship when it reopens. The questions, though, are when will that be and what will it look like. The market is asking those very same questions as it searches for direction this morning. More green on the screen but again, markets want to know how much economic damage has been done. Meanwhile, moodys says economic output fell a staggering 29 in the first week of april. That is compared to march. That is the first full week of true social distancing rules in place across the country, and that was the result. Down 29 . The other big story of the day, the w. H. O. Is under fire from President Trump. The president saying he may freeze funding to the organization over its response to the pandemic. This is happening as we get more clarity on what may be in a fourth stimulus package. President trump wants 250 billion more for Small Business. Senator schumer wants a 25,000 bonus for front line heroes Like Health Care workers. And we also have s
Where it is held happening now 6 Democratic Candidates are facing off right now in the final debate before next months Iowa Caucuses is that time already. The Iowa Caucuses represent the first nominating contest of the primary race polls show a tightly bunched top tier with senator bernie sanders, the senator Elizabeth Warren former south bend, indiana mayor Pete Buttigieg edge and former Vice President joe biden. All with a real shot at victory. The debate also includes minnesota senator Amy Klobuchar and former hedge Fund Entrepreneur bay area investor tom styer lets step outside on this tuesday evening and see how things are shaping up as we get to be a beautiful beautiful view of downtown San Francisco meteorologist dave spahr its because i dont know if standing by there so rain are he had any weapons in the car or you know she was in danger forecast. There is, but were going to at that point i had no idea. Get through a which looks like a clinic clear evening clouds now at 6 a Sec
Uncomfortably close. The government has already tried various measures aimed at slowing the slowdown including bond sales to Fund New Infrastructure and tax cuts ministers insist they have a plan for what to do next. Omeo into year we must stabilize employment finance trade when not foreign and domestic investment and expectations. The phase one trade deal signed with the u. S. This week will go some way towards bringing about the stability china craves dont need something more substantial from phase 2 if its to have anything to smile about. Lets go after all the bad our financial correspondent in frankfurt because both european and asian markets looking quite happy today. Thats right they pared some of the gains the asians but here in europe it just continued upwards and the markets are gaining quite clearly and i get the sense that theres also a lot more drive a lot more interest and what the people are buying you can see that on the one hand with the dax going almost within striking
To stay above that point to continue generating jobs the latest figure takes it uncomfortably close. The government has already tried various measures aimed at slowing the slowdown including bond sales to Fund New Infrastructure and tax cuts ministers insist they have a plan for what to do next. Omeo enjoy a year we must stabilize employment finance trade where market foreign and domestic investment and expectations. The phase one trade deal signed with the u. S. This week will go some way towards bringing about the stability china craves dont need something more substantial from phase 2 if its to have anything to smile about. Lets go over to worry about our financial correspondent in frankfurt because both european and asian markets looking quite happy today. Thats right they paired some of the gains the asians but here in europe it just continued upwards and the markets are gaining quite clearly and id to get the sense that theres also a lot more drive a lot more interest and what th
Trade impact on the economy. Lets look whats driving the action britain and the eu coming to a brexit deal although Boris Johnson still needs to win a vote back at home. U. S. And turkey agreed to a ceasefire in syria and despite ibm the overall earnings picture remains strong with beat from netflix and Morgan Stanley leading the market hire. Were happy to have stephanie link here. I know youre pretty upbeat. So far so good. There have been good reports from csx, from honeywell, from United Airlines jpmorgan, Morgan Stanley. Those have been rewarded also other earnings that have just been good enough. United rentals we talk about positioning, people are not positioned in industrials or health care those two sectors are leading the market today is that why we are where we are. People have your view earnings are good enough . Some are good enough but some are good the best earnings picture was johnson johnson. We also had a lot of health care you entitle e United Health expectations if t