We will speak to the ceo in a moment. Stocks up, halting the rally. The market may have gotten ahead of itself considering we are in the midst of a health, economic, and social crisis. We are now officially in a recession here in the United States. What drove the stall in the market today . It is easy to see why the market would want to take a little buffet either. Little of a either. Yesterday0 as of turning positive for the year despite the fact that the earnings outlook is not looking great. The data is better, but still pretty pat of all things considered. You can see why investors may want to take a pause here and assess the picture and see whether it is time to be adding risk. The nasdaq actually did close in the green today. The nasdaq 100 actually did briefly top the 10,000 level. The Community Services index, those growth sectors were able to eke out gains today as well. The dollar, would have been its ninth day in a row down. It suggests that it was not an altright risk off d
Fight the virus. This as deaths in the u. S. Surge past 50,000. The numbers are Getting Better in spain and italy but seem to be getting worse in places like russia and germany. The World Health Organization also forming an International Alliance to ensure that vaccines and treatments are distributed fairly. We are just ahead of a big week in earnings. I want to bring in taylor riggs. Sammys buoying the markets. What were you watching . Taylor exact reversal of yesterday. Outperformance within the tech sector but we are still lower for the week. We are waiting a bunch of being earnings coming next week. We got some chipmakers reporting this week. I will also talk about crude. Monday and tuesday, you had crude go below zero for the first time ever. Some of the losses we saw on monday and tuesday, even though the Energy Market rebounded, not enough to offset the big losses in crude. Contract still on pace for their worst week ever. You are starting to see some of that pessimism. Pandemic
After that, derek wall bank of bloomberg looks at a future trade legislation. Your phone calls, facebook comments, and tweets. Washington journal live at 7 a. M. Eastern on cspan. My city in a tin can far above the world planet earth there is nothing left to do sunday night on cspan q a a veteran astronaut produced many activities on the International Space station as your scientific and personal aspects of life in space. The only time i for a shiver of fear go up my back was on the dark side of the earth looking at one side of eastern australia in the darkness and watching a shooting star come in between me and the earth. At first i have the standard reaction of wishing upon a star, but then i had the sobering realization that was a huge rock from the universe going who knows . It missed us. If it hit us, it was a big enough one you could see it. Sunday night at it 00 eastern and pacific on cspan q a. Leaders from the cable and Telecommunications Industries recently gathered for the a
As in los angeles as state and local officials set their own social distancing guidelines and time lines. Were learning President Trump is facing pressure from Industry Leaders right now who want covid19 testing ramped up dramatically before people return to work. But sources tell cnn it may be nearly impossible to steer the president away from his goal of reopening at least some of the economy on may 1st. Lets get some more from our National Correspondent erica hill. Shes in new york for us. Erica, we may not necessarily see any big events, sporting events, concerts in cities like l. A. And new york, the two largest cities in the United States for months to come as this u. S. Battle to contain the coronavirus continues. Yeah, thats right. The mayors in those cities as well as new orleans really doing their best to adjust expectations for their residents. Were also hearing from the governor of colorado who says were not going to go back to the way things were in january or even februar
What he did not do was provide any evidence that his administration has taken the steps needed for that to actually happen safely in a way that wont trigger new outbreaks and cost more lives. The president has both derided and claimed that is currently happening. Keep in mind there is not a widespread testing we will need to get back to business. There just isnt. And thats not just us saying so. It is scientists on the Coronavirus Task force, epidemiologists. Also some of the countrys top business executives. They told the president that today. And when he was asked about it at tonights briefing, he first tried to claim credit where none is due and then tried to put the responsibility elsewhere. First, though, the boasting. On a call with Business Leaders today they said testing will ramp up before opening stores. Isnt that what Health Officials and state governors we have great tests and we want the states to administer these tests for the most part but were standing behind them. We h