Earnings and econ perspective and focused on what reopening looks like we have Something Like 16 states that have already put forward plans to begin reopening and lifting restrictions to parts of the economy plus seeing some of those efforts take place in europe as well key to all of this, though, jon is testing and treatment, something were going to talk about in this hour. We are certainly. Want to mention the major indices higher, all three, the dow, s p and the nasdaq, by about 1 as we look at this very active week in earnings season, particularly in tech were going to get microsoft and amazon earnings wednesday and thursday everybody likes to focus in on the cloud lines in those earnings because those are the two biggest players. I think the question on cloud for them is going to be which customers are using more services than in the past, which customers are using fewer and then as we start to look out beyond the second quarter, whats the Impact Likely to be in the second half of
Lunch. Take a look at where we stand with the markets stocks are higher across the board as investors brace for the busiest week of earning season thus far the s p pacing for its best month since 1991, if you can believe that thats as Oil Continues to crash. Crude down about 20 today supply over flows and demand craters in our calmed economic world. As america looks to reopen the economy grads yually, purdue sas class will be in session this fall the University President Mitch Daniels said there is zero lethal risk or close to it for students he will join us shortly. Kelly, over do you thank you more than 140 S P Companies and 14 dow components are all reporting earnings this week lets get to bob with the latest it will be about quarter of the s p 500 reporting. We already got a kwooquarter reporting. Its confusing nobody has any idea what will happen in the Second Quarter in the Third Quarter a lot of people are dismissing the estimates. This story is the dispersion in the estimates a
Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s
Another 15 days. The u. K. Government under fire for suggesting Health Workers reuse protective gowns as supplies run low. And the number who died in africa passes a sound including the nigerian president s chief of staff. The number of deaths and infections from corona virus continues to rise in many countries but so is the pressure on many governments to ease or lift their knockdowns spain has joined italy and the u. S. In seeing more than 20000 People Killed by the virus Officials Say the peak has passed as deaths in the u. K. Pass 15000 a government minister has admitted that surprise a vital masts and aprons are running short after warnings from hospitals meanwhile at the end stage of carolina has added evidence to the mantra that testing is the way out of the pandemic its claiming success with just 3 deaths and despite more than 37000. 00 deaths now reported in the u. S. Some governors appear to be bowing to pressure from the president and his supporters that rolling out plans to
Frtz reporter the governor says california is ahead of schedule in securing hotel rooms for the homeless. And today he was joined by a bay area mayor who calls this a longterm solution. Were at a site of a molt 6 here in clair county. The reason were sheer to mark an important milestone. Reporter with nearly 11,000 rooms secured plus a new 5,000room deal with motel 6, Governor Newsom is now ahead of the goal. He said two weeks ago, it is called project room key. 1,123 rooms. That can be available now for those covid19 positive individuals, those Homeless Individuals who are vulnerable to come in from the cold. Reporter part of the appeal for mayors is that they dont carry much of the cost. Getting that 75 reimbursement from fema. Reporter but there have been challenges. Cities and counties have struggled to find the staffing required to manage the hotels. We are in process of identifying and offering hotel rooms for our vulnerable persons. I can say not all of them have accepted our of