The Governor Also Announced an 90 day Mortgage Relief Program for state residents. Murphy good afternoon and thank you for joining us. Especially those thousands from new jersey watching us every day life. Tomorrow we will communicate electronically with you unless we deem theres a reason to do otherwise. If there is, you have my word that i personally along with members of our team will be available and we will call an audible. Monday, even though we said 1 00 for our briefings, it will be 2 00 monday. I believe right here at the war memorial. We have a vtc with the white house, which is typically mondays. In this case i think it is 1130. So 2 00 gives us enough time to attend to that and communicate with the white house. And we will be with you after that. Honored to be joined by an allstar team today including the woman on my right who needs no introduction. The commissioner of the department of health, judy person kelly. To her right the department of camino bowl disease director t
Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Dow hit its alltime high of 29,568, just 16 trading days later its down 3,400 points. Keep a little perspective here. Yeah, thats a big and rapid drop, but were not at this point in a bear market. We are going to open down 700 for the dow, 80 odd for the s p, 270 for the nasdaq. Its a friday. Remember that. Its important. There will be some reluctance to hold stocks over the weekend because you simply dont know what virus headlines will greet you come monday morning. Now, heres some positive news on the economy, which is having no effect on the market. 273,000 new jobs added last month. A blockbuster report. But that report looks backward. The stock market looks forward. Larry kudlow will be addressing this coming up on the show today. And we expect to hear from President Trump shortly. Last night at his town hall on fox, he had a calm demeanor and on the virus he said we have plans for every single possibility. The campaign trail. Elizabeth warren has not yet thrown her support behind
Updated infection numbers and efforts to treat victims. The Governor Also Announced an 90 day Mortgage Relief Program for state residents. Murphy good afternoon and thank you for joining us. Especially those thousands from new jersey watching us every day life. Tomorrow we will communicate electronically with you unless we deem theres a reason to do otherwise. If there is, you have my word that i personally along with members of our team will be available and we will call an audible. Monday, even though we said 1 00 for our briefings, it will be 2 00 monday. I believe right here at the war memorial. We have a vtc with the white house, which is typically mondays. In this case i think it is 1130. So 2 00 gives us enough time to attend to that and communicate with the white house. And we will be with you after that. Honored to be joined by an allstar team today including the woman on my right who needs no introduction. The commissioner of the department of health, judy person kelly. To he
The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc