Some lawmakers are expected to vote against this. Not a significant number to derail it. David how many people do they need and are they sure to get it . Kevin they are helpful. In order to have the quorum, they would have to have at least more than a majority. Beyond that, many lawmakers scrambling to make the vote in time because of flights and precautions they want to take. David quite a lot of drama. Thank you so much to kevin cirilli. Lets go to monetary stimulus. We have mike mckee here. Two important interviews today. Welcome. What did you learn today . The 2alking about trillion bill. That 101 leverage and we could talk about a 6 trillion dollar bill. Both fed president s said they want the economy to come back as quickly as possible, but it could be a while. We could have some tough months ahead. If the stimulus money gets out there, it should help people and then we could see the economy return because we were strong going into it. David talk about jobless numbers, not as bad
Not entirely clear. The buyers are less enthusiastic. We have had horrible Economic Data. Investors and traders are assessing that reality. It is no longer just somewhere in the distance. It is here today. Many folks are saying you will be the Second Quarter that will matter. Some are saying this rally has to do with traders looking past 2020 to 2021 as the data continues to come out poorly, it could be a problem. David it is not clear what the Economic Data are telling investors. Are they paying attention to earnings, because we are getting to the heart of earnings season. Abigail they are paying attention to earnings. The banks are down in a big way. All of the big banks reporting disappointing profits, absolutely plunging, bigger loan loss reserves. Trading is a bright spot. Morgan stanley saying theyre not sure how long that will last. This is a reality. In march where it was clear the coronavirus prices would create tremendous economic problems, everybody expecting it to hit earni
Space. Oil getting a bit of a reprieve. The concern is you have even more oil flow if the opec deal comes to an end. We want to get you todays market moving news from new york as well as washington. We want to start with the latest pmi data. Factories around the world suffering one of their grimmest months on record in march. Fbloombergs Michael Mckee joins me for more. Theres a lot to dig into. Give me some of your takeaways here. Michael mr. Rogers word of the day is contraction. Across the developed world, they are pretty bleak at this point. Some of them not as bad as thought because of a quirk in the data, but lets go through the data right now. Anybodye hardest hit of i the virus, and now the hardest hit in terms of the pmi number. Eurozoneance, germany, u. K. Are also in the 40s, which marks contraction. New orders of production crashed, but there is a quirk in the data where supplier delivery times are linked. However, in this case, there are no supplies to deliver, so it makes
The trend of bad mondays but contracts for major indexes shaking off losses to gain more than 1 . 2 on the euro stoxx 50. Global cases of the coronavirus than 3000,000, more died in spain and italy over the weekend as medical experts say deaths in the u. S. Could reach 200,000. The Oil Price Slump continues with wti briefly dropping below 20 a barrel in new york. Brent prices are at a 17 year low. Just under one hour away from the start of cash trading across europe, you saw briefly, futures here in europe are more than 1 . Euro stoxx 50 futures up. They are trading out 1. 5 percent to 1. 75 . Futures also showing gains. Friday was a down day in u. S. Indexes so you could see today start off risk on. What do you see on the gmm . Anna interesting to see those futures looking strong. When you look at the gmm, you get a different picture. This is the Asian Session and how it looks right now. Msci asiad. 4 on the pacific. The australian and south korean markets in positive territory but th
Could you suggest which specific areas of the country could have guidelines relaxed . Trump i think there will all Start Talking about that in a few minutes, tony will talk about it, but cant say lets close. People dont want to close. I say it again and again. The reason i do is that i want you to report it eventually. Reporter when you talk to president xi tonight, what do you want to talk to him about . President trump it is his call. I think we will have a beautiful call. It is tonight at 9 00. We will be talking about the virus. Reporter the market rally again, up over 4000 points in the last three days, largest increase since 1931. The Economic Activity has passed . President trump no, it has not passed but it has come along way. They think we are doing a really good job in terms of running this whole situation in terms of the virus. I think they feel that the administration, myself and the administration, are doing a good being very important in keeping people informed, because t