The white house and the house of representatives seem to be in negotiation with the senate, a Republican Senate really stepping aside, and mr. Kudlow moving that forward. The oil story is absolutely remarkable, and perch yearly the confusion of the end of may futures, and over into the june futures as well. We are about ready on the spot market to get a 13 handle on west texas intermediate. Francine you are right, because of the change in futures contract, we could see heightened volatility in the next couple of days, starting from today. Lets get to first word news in new york city with viviana hurtado. Viviana the white house and Democratic Leaders are close to agreeing on the next coronavirus eight. This measure would be up to 500 this next coronavirus aid bill. Formeasure would be hospitals and testing. Trying to free up cash for businesses, it will allow importers and manufacturers to delay payment for 90 days, this on many overseas products. But the move does not stop ongoing pun
As a result, there is another divergence. We may have risk stocks higher but we also have haven bonds and the yen higher. The japanese yen now up a fourth day in a row. It tells you not everybody is believing not just the rally today but the rally we have had in recent weeks. David in fairness, you cannot blame investors if they do not know exactly which way this is going. Thing started up a bit and then came down. Some of the stocks that have been beaten down came back. That is a big piece of the rally. One reason some strategists and traders do not like it in terms of the companies that had been january,y the virus in february, and march such as the Leisure Companies and the airlines, there has been a bounceback over last few weeks. Some say the rally off of the lows in march, there are holes. If you look at the s p 500, there is a huge move down from the peak to the trough. Now we are halfway back up. It is hard to know which side and what the greater risk is to the upside. Do not f
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