At 8 30 a. M. Eastern. Major retailer reportedly ready to file for bankruptcy. Commerce secretary wilbur ross will join me in 30minutes time. Markets look like this, fractional gain at the start of trading, dow industrials up 13 points and s p half a point and s p nasdaq up in 22. Dow trails finishing up 377 points, the nasdaq was up 32. Headed for third consecutive week of declines. Controversy is growing in general flynn case. Calling for fbi report that officials claim have vanished. Mornings with maria live. Global markets look higher across the board. Cac quarante is up 34 and dax index in germany up 179. Bank of england governor Andrew Bailey says negative rates are not being considered this following comment of jay powell this week and Germany Economy shrinking 2. 2 in the First Quarter. In asia markets were mixed. More signs of slowdown in china overnight. Retail sales there for the month of april were out, they were down 7 and a half percent. Then there was industrial output s
While on the other side the most radical members say the bill falls far short of their goals. The democratic defection showing up early today when 14 democrats voted against pelosi on a procedural resolution for the bill. The bill includes an order for the department of Homeland Security to expedite visas for Foreign Workers who want to come to the United States and be employed in medical fields. This at a time when the Labor Department reports 135,000 jobs in american hospitals alone were lost last month. The bill also provides a way for prisoners to be released should they have asthma, diabetes or be over the age of 50. Unless there is clear evidence, imagine this, unless there is clear evidence that they will harm another person. Thats quite a high bar, isnt it . The bill even giving a Million Dollars for the study of disinformation related to the wuhan virus, presumably e to study china. The white house has already issued a veto threat against the bill. Senator Mitch Mcconnell had
Radical members say the bill falls far short of their goals. The democratic defection showing up early today when 14 democrats voted against pelosi on a procedural resolution for the bill. The bill includes an order for the department of Homeland Security to expedite visas for Foreign Workers who want to come to the United States and be employed in medical fields. This at a time when the Labor Department reports 135,000 jobs in american hospitals alone were lost last month. The bill also provides a way for prisoners to be released should they have asthma, diabetes or be over the age of 50. Unless there is clear evidence, imagine this, unless there is clear evidence that they will harm another person. Thats quite a high bar, isnt it . The bill even giving a Million Dollars for the study of disinformation related to the wuhan virus, presumably e to study china. The white house has already issued a veto threat against the bill. Senator Mitch Mcconnell had this to say on fox news. It strik
Cspan, created as a Public Service and brought to you today by your television provider. Now secretary of state mark plan pao mike pompeo testifies before congress and answers questions about china, taiwan, and steve linick. Sec. Pompep good morning, everyone. This morning, i had the chance to drive through arlington cemetery. As we approach memorial day weekend, i want to reflect on the sacrifices of our military who have given their lives for the cause of freedom. As a veteran, i spend all my days working to use diplomatic power to secure freedom without putting Service Members in harms way. I want to thank the family members who have lost loved ones in their service to our country. Forgeexington to valley to all the other fields of al fields of bowel fields of battle, i would like to thank them. I want to begin with a few observations on china. The medias focus on the current pandemic risks missing the Bigger Picture of the challenges presented by the Chinese Communist party. China
Some things like construction and drive in movie theaters. We are seeing flareups in south korea as well as wuhan, the original epicenter of the coronavirus outbreak. I want to bring in taylor riggs. Walk us through the day. Again, tech boolean the rest of themarket tech buoying rest of the market. Taylor for a few weeks, tech has been the big outperform the dow and s p are still lower. The nasdaq 100, the faang, all of those are the outperformance. Bige are a few individual tech stocks leading those. Amazon, a report that potentially they were in talks entertainment and zoom, the company we have got to know well. People think offices may not open up until next year. Ready to stay home through 2020. Nvidia ended up about 3 . They hit a record high after a raising the price to 3. 60 per share at needham. ,f course, on the data side increased demand for both public and private clouds. That is something that is driving that business. Continuation of tech heavy stocks really are performing