You. Lauren you know what . There is a lot going on today, wall street, bottom line, connell is reacting to the reality march is prequel for april and the numbers will get worse. Lets start this morning, retail sales last month, they plummeted the most on record even though stores were actually open in the first half of the month. The National Retail federation expecting more than six million jobs lost. Look at some reaction. Jcpenney now exploring bankruptcy. Best buy furloughing 51,000 workers even as online sales and Curbside Pickup surge there. Amazon up 1 , hitting another record high. This is a sign of the times. Shoppers continue to get what they need from the comfort of their couches. Also wanted to show you guys oil prices. They hit an 18year low. People around the world stay home. Theyre not driving. Oil inventories rising by the most ever last week. Take a look at this. March Industrial Production fell the most since 1946. Measure of factory activity in the epicenter of coro
Orders thats weighing on the dow nasdaq about 4 itself today s p up about 3 , sara. Weve got big news coming up on todays show. Wells fargo ceo joins us to break down the Small Business loans and impact of pandemic on the bank then later, well speak exclusively with the ceo of Carnival Cruise lines as a they take a huge hit. Carnival shares down about 75 this year. Well have the ceo if and when the industry can get back on its feet with 59 minutes left of trading, lets focus in on the big stories. Wilfred has the news on the Bank Earnings meg with the treatments and vaccines and Steve Liesman wi k34e7b9s from two fed officials. Gl they had opened hirer this morning, jpmorgan and wells fargo. Provisions for potentially bad loans spiked 8. 3 billion for jpmorgan, 3. 8 billion for wells fargo. Even that was not the worst case the ceo said could be higher over the next several quarters relative to what we took in the First Quarter while Charlie Schaffer said it wouldnt surprise me to conti
Works ceo will be joining him along with other content and we are out of time, from myself and tyler matheson, mike santoli has you on the other side. Stocks surge as Congress Says that help is on the way when thats still the question. Good evening and welcome to cnbcs continued coverage of markets and the economy in turmoil. I am brian sullivan. In a year of firsts it was another recordbreaking day on wall street. The dow soaring 2,112 points, thats its biggest point gain ever and the first time the index has risen more than 2,000. That move translates into an 11. 37 gain making it the largest climb and the biggest since 1933 on this as they close on a massive package for the American People that could be in the trillions of dollars and well have much more on that coming up and first, lets get to the markets and the money on another wild and record breaking day on wall street we begin with bill nygree in. We need to hear from you on a night like this. These are the machines coming in
Eastern on cspan. Find it also at cspan. Org. Well leave now. The house is coming back in for several votes. [captions Copyright National cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the vote on the passage of h. R. 1153 on which the yeas and nays are ordered. The clerk will report the title of the bill. The clerk Union Calendar number 387, h. R. 1153, a bill to amend the truth in lending act to improve upon the definitions and fees in points connection with a mortgage transaction. The speaker pro tempore the question is on passage of the bill. Members will record their votes by electronic device. This is a 15minute vote. Connection [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes i
President obama approving use of airstrikes to protect antiassad forces. Wildfire is getting worse. California firefighters battling 23 separate fires. One firefighter has died for hundreds of been forced to leave their homes. At t releasing its first package after the merger with directv. The Wireless Phone Service Costs 200 a month for the first year. It includes hd and dvr service for four tvs, unlimited talking tax for four phones and 10 gigabytes of shareable wireless data. American pharaoh has done it again but is essentially the grand plan of the triple crown winners with the invitational new jersey taking 1. 75 million. 20 million to win again. Back to our top story this morning, run for the white house. Really not the First Campaign in iowa and New Hampshire. Spots focus on family, especially her mother direct the period all over america who fight for their families and never give up. Thats why im doing this. Sandra hillary faces an onslaught of god but the story generating so