S p is down 76. We are watching all of these markets. A few things are going on right now. Investors werent impressed by the feds vow to buy an unlimited amount of Government Debt and give loans to businesses, big and small. Theres one industry that Coronavirus Crisis is impacting directly, restaurants. They are closing their doors to patrons, trying to shift to takeout only. We s ghave got the owner of a gp of restaurants who will tell us, he will say this, the restaurant recession has already started, already in effect. We know folks are out of work but how bad is it . We will find out. Theres also sharks in the water, there always are. Investors are not just looking for an edge in the selloff but advising businesses in how to survive the crisis. Weve got one of the best in this. Hes an investor, an entrepreneur, founder of fubu and the star of shark tank, daymond john will join us to give us his perspective in all of this and oh, yeah, we are going to check in on liz claman as she b
The disease. Major sporting events were postponed or canceled. Schools and colleges close their doors, concerts were scratched, even traditional st. Patricks day parade were called off. Thousands were told to work from home. President trump was seen daily on tv holding high level meetings and giving updates on the federal response. His critics blasted him for not doing enough. That on friday, he declared in a National Emergency bringing out more federal money for states and municipalities. Meanwhile wall street was reeling. The Financial Markets have gone into freefall on fears the impact of the disease could cripple economic growth. History was made on wednesday when the longest running bull market came to an end almost exactly 11 years to the day began with the dow falling more than 20 from its highend month ago. The next day, stocks drop the most in one day since the 1987 financial crash. However on friday, there is some hope that the federal Stimulus Program might help the crisis.
As white house restrictions northern and southern borders. A global blitz to get to containment. Positive news making us sit up and take notice at the evening edit. More than a disease Companies Moving on vaccines and cures. Exciting news coming out of australia. Also china and germany now moving fast. This as the pentagon has deployed fort detrick. That is home to the armys enfigure schuss disease center. It is on it. Also ibms powerful supercomputer at the Energy Department on it too, moving now at light speed to crack the viruss code. It is screening and combining 8,000 drug compound at a fraction after second. Were back in the era of ferocious fast and furious problem solving around the world to save lives. You only seen this activity at wartime. Vote on massive stimulus package on a day that gm, ford, Fiat Chrysler shut the u. S. Factories temporarily. Toyota shutting north american factories for two days next week. Jpmorgan chase shutting 1 5 of it is branches nationwide. The u.
Plus price of gasoline continue to go plummet. Mornings with maria begins right now. Lets check markets this morning. Closing out the week in europe, european indices are higher across the board. Ftse 100 is up 173 points, cac quarante up 231 and dax up 349 points. Bank of england cut rates of wasnt tenth of a percent, marks rally in asia overnight. China keeping lending rate unchanged but said the future easing the likely. Markets in japan are closed and the markets were higher across the board. Korea up 7 and a half percent overnight. Hong kong, better than 5 . Check out oil prices. They are surging. The price war is racing on. Take a look at crowd oil, 267 higher at level of 27 a barrel. Yield of 10year treasury currently lower but at 1 even 1. 050 . Thats down 10 basis points this morning on 10year. Senate republicans announcing covid19 relief plan complete with checks to american citizens and Small Business protections. Here is how the direct payments break down. 1,200 for individ
Changed medicines, for his decades of medical research and efforts to find cures philanthropist michaelmilken will weigh in and also were zeroing in on where this all began, congressman devon nunes on his investigation into chinas behavior on the world stage that and a lot more as we look ahead on sunday morning futures. The coronavirus pandemic spreading across the country further disrupting daily live nearly 3,000 cases now reported in 49 states and washington d. C. A total of 57 deaths with the majority in halved hit Washington State as the house passed bipartisan emergency legislation to fight this pandemic after getting President Trumps backing it goes now to the senate. My first guest says we cant overcome this , House Minority leader kevin mccarthy, thanks for joining us. Thanks for having me back, maria. Maria tell me about the bill that went so late on friday night, what it has in it and why is it important . Well we went late because the original bill that Speaker Pelosi put