Gilead sciences, as you heard from maria, positive news from a government trial of their remdesivir and also from two of their own trials. Positive news on a treatment. That sent futures straight up earlier this morning and look at the stock, also straight up, 6. 8 . Thats the effect of this effective trial of remdesivir. Up go futures, up goes gilead stock. More on this in a moment. A second reason for the dows gains, investors expect a strong recovery for the economy starting in the summer. The market always looks to future conditions. Theres a third reason. The Federal Reserve is likely to say today they will do whatever it takes to stabilize your money. Wall streets expecting more stimulus. The dow will be up close to 550 points at the opening bell, close to 2 . The s p up 2 . The nasdaq solid indeed, up over 2 . We had boeings numbers out this morning. Continuing problems, but its cutting 10 of its work force and investors like that. The stock is up nearly 6 . Okay. More on all th
Committee on Small Business member states, hearing on response, we had a hard stop, we could move as quickly as we can and could not accommodate every member in person today and we are accepting statements until thursday april 30th. Today is a chance for the committee to hear directly from members of congress about thoughts on the covid19 response for the next package to Small Business issues for the committee of jurisdiction. I would like to remind everyone we are practicing social distancing and taking other precautions for all in attendance. I appreciate your cooperation so that we can protect ourselves and our hardworking staff. Three weeks ago when congress created the Paycheck Protection Program we did so with the goal of providing a lifeline, the program experienced Unprecedented Demand and proven successful, helping more than 1. 6 million entities to support employees. As a result we will be replenishing the Program Later today. While we are moving quickly to provide an additio
And by contributions to this pbs station from viewers like you. Thank you. America. Reporting from new york city, i am laura trevelyan. 26 million americans have lost their jobs in the coronaviru crisis as the economy grinds to a standstill. Meanwhile, theim death toll above 47,000. Social distancing on capitol hill. U. S. Lawmakers work on an emergency aid package, taking no chances. Plus, the uks first human tiral of a coron vaccine is underway. Volunteers were injected on thursday. Laura for all of you watching on pbs and around the globe, welcome to world news america. The United States now has more than 850,000 coronirus cases. In new york alone, more than 15,000 people have died. The economic picture is bleak, too. More than 26 million americans have lost their jobs since this began. An extra three had a 70 billion to americans today 370 billion to americans today. Nada tawfik has more. These are days oatf g political, social, and economic stress in our nation. Nada lawmakers in
19 pandemic on monday the price of crude oil fell 8 to negative 37. 63 so anyone expecting a delivery would have actually been paid to accept it rather than paying to buy it to better understand this lets look at the most widely followed Oil Futures Contract in the United States west texas intermediate crude its june contracts fell over 40 percent with fewer people driving flying or shipping this combined with an excess in Global Oil Production has greatly contributed to the falling market just we have never seen anything like this and of course its a consequence of the pandemic which will eventually and still Oil Production production had already outpaced our need for it so where do you see the oil industry going from here is this a wake up call for it. Well you need to let me take you back in time for sed lets go back to the end of the vietnam war when the war ended in vietnam we had plenty of gas we were supporting the war machine war machines require huge amounts of gasoline and oi
From coronavirus and ready to go back on the front lines to help others. And thanks for joining us this saturday morning, im darya folsom and im James Fletcher today is expected to be a nice sunny day and the bay area. And across california for that matter and that has governor Gavin Newsome concerned that people will go outside and potentially ignore social distancing was wondering on about that this morning as i went down the embarcadero and saw a nice sunrise. They still want people to stay home now is not the time Health Experts say. To let up on our efforts to flatten the curve. Were walking into a very warm weekend. The most beautiful weekend to the extent we love our weather. Since january at least or since arguably last summer the state of california. That means people are prone to want to go to the beaches parks playgrounds and go on a hike. I anticipate will be a significant increase in volume. But i also think if there is and people are practicing physical distancing, ill be