It is april 24, 2020, this is Worldwide Exchange on cnbc good morning. Welcome wherever you may be watching i am brian sullivan. I think i speak for everybody when i say tgif. It has been a rough and wild week indicating we may not get another break today. Lower now off about 100 points the index lower on the week with the dow, s p losing between 2 and 3 that looks now to continue those losses today crude oil is down 30 since monday prices are lower now if we extend physical guidelines to summer, that could keep gasoline and jet fuels low. One of the biggest World Storage producers will give us the story. That has certainly been a market mover. In asia, plenty of red across the board. Japan down nearly 1 shanghai and kospi also down more than 1 to close out their week stocks in asia declining largely on report of doubts from treatment from Gilead Sciences to the trade in europe, early following the foot steps of asia markets there are sharply lower with major indices all down 1 or more
Along with hemt care and energy. That was quite a turn around on the banks ahead, wall street heavy weights are taking sides on the market david miller and david tepper warning about the historic overvaluation. Bill miller announces saying they see market values here. Were going to ask billionaire mark cuban which side he is falling on right now plus, a rare interview with william demchak. Hell discuss the banks decision to sell its stake in blackrock. They own 22 and its created quite a business since they sold lets focus in its a great booking and i cant wait for the interview as weve been discussing. I love all the people you book from nap foods to nikes, but this one is creme de la creme from sarah try to get one youd be interested in. 59 minutes left of trade lets focus in on the big stories. Mike tracking todays volatile market action. Phil has an update on delta. Kate has a look at what mastercard is say iing about Consumer Spending. Mike, start us off with the Broader Market, w
Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down from 30 to 50 billion a day. Down to 15 from 25 apparently,
A look at the week ahead in washington and to do that this week we are joined by Daniel Strauss, a senior political reporter with the guardian and steve dennis, reporter with bloomberg. Now that supplemental is passed, the money is on his way out the door, what tools does congress have left in its toolbox to respond to the coronavirus p what should we look for on that front . Talking aboutre assorted other things to get done. Everything from paid sick leave for workers, a quarter of the workers the United States on have sick leave and there sort of other things they want including making sure testing is free, the treatments are affordable, that sort of thing. It will be interesting to see if they can get any of this on the floor this week. Theres a lot of other things going on this week. With markets plunging this morning and all the futures, you might hear more talk of doing some kind of stimulus. The last time we had this market shock was 2008. Remember what happened then. There were
Harris, california democrat and cory booker, new jersey senator. They are scheduled to appear with the former vp tonight as this rally, get out to vote rally, under way in front of tomorrows primary election in michigan paid michigan 125 delegates for the democratic nomination for coverage continuing our 2020 Campaign Coverage continues here on cspan2 and we will have this for you when it gets started. In the meantime, lets go to todays washington journal in a look at the week ahead here in washington. On mondays on washington journal we like to take a look at the week ahead in washington and to do that this week were joined by daniel, senior political political reporter with the guardian. Senate reporter, steve dennis. Now that that 8. 3 emergency supplemental has passed and the money is out its way of the door what tools does congress have left in its toolbox to respond to the coronavirus . What should we look for this week on that front . Guest democrats are talking about a sort of