Yesterday. Nasdaq down 2 yesterday dow futures indicated up about 26 points, nasdaq up by 30 and s p up by two. The 10year is yielding 0. 667 andrew we have news out of washington to tell you about democrats unveiling a new 3 trillion spending bill including another round of stimulus checks up to 6,000 per household and extending the weekly Unemployment Benefits that would go through january including 107 trillion to stabilizing rent and mortgages and a cap on state and local tax reductions for 2020 and 2021 of course returning the tax bill that hurt hightaxed blue states that hurt them the hardest saying the relief bill is a big ticket for a big problem House Minority leader called the bill a waste of time and an 1800page of liberal wish list with no chance of becoming law the fight begins the latest update on the efforts to reopen america. California governor announcing next phase of opening including some malls and museums offices that cant telework would be allowed to open with saf
Accused of abducting and torturing female Opposition Leaders. Health officials in china are dealing with new clusters of the current virus in the North Eastern province of gillett the government is sending medical teams and hundreds of staff to the area one district in the city has raised its coded 19 risk level from medium to high chinas taking extraordinary measures to try to rid the country of the virus as the heart and reports. The people in this province have been battling the Novel Coronavirus longer than anyone else the virus started here in december last year and grew to Epic Proportions killing more than 4000 people in china alone after months of lockdown and move on the number of cases began to drop then this week there was a cluster of new infections a new Testing Campaign is underway to stop the spread the residents fear going to crowded Testing Centers could put them in danger but. I think some measures should have been taken for example people should be separated when the
State should declare bankruptcy. Facts are facts and when we started this, i said the best thing i can do is give people the truth and the facts separate from an opinion into separate from what i would like to believe and what i hope. The reason i do that is because everything we are givin doing is basically voluntary on behalf of people. State government, local government, federal government doesnt have the power to enforcenforce stayathome orde. 19 Million People that im going out today, they would go out. The leases if they hav belief ie facts and understand they would act prudently. My job is to present the facts as facts if i had an editorial comment i would give it to you but i want you to know that is my editorial comment versus what the data for science will say. Also our muslim brothers and sisters in the observation and we wish them all the best. The number of new cases walking in the door were being diagnosed and its relatively flat. Theyd like to see that going down. Number
Cramer, david faber coming to you live from separate locations this morning its risk off following those onemonth highs from yesterday empire and retail sales for march were abysmal the worst on record. Below Expectations Oil below 20 earnings from citi, goldman, bank of america showed the major banks are, as expected, bracing for a wave of defaults some more than others when you look at the percentage of the total loan book at jpm and city. Jpm is the one that people decided wasnt that great. When i look at it, i think it had to do with tone. Jpmorgan, the crucial lines were something that were uttered by jamie, which were, look, may is not realistic. It will be june, july. The problem with basing everything on that is that you dont realize these banks are much more much better prepared than we thought you have a citi thats down from its tangible book value, its actual youll have multiples that are incredibly low because people feel the dividends are in question yet you have a tremend
Futures searching for direction. Take a look, gain in the dow but decline on s p after wild day yesterday. Dow erasing all of its early gains of more than 900 points to end the day negative yesterday at 4 00 oclock on wall street, the dow industrials coming down from a gain of 900 to end down 26, the nasdaq down 25 and s p 4 points. Treasury secretary mnuchin seeking 250 quadrillion. If the money did run out the white house would go back to congress and ask for more. Meanwhile in china the country ending the lockdown of wuhan, people allow today leave the city where outbreak began. Mornings with maria is live right now. Global markets this morning red across the board in europe. Take a look at european indices, cac quarante 75. Still no unified response in europe to coronavirus pandemic from European Union leaders following 16 hours of discussions, talks set to resume tomorrow. Boris johnson remains in intensive care as he battles coronavirus. Overnight in asia and markets in china, so