For a closer look at the economic fallout from the coronavirus situation. Steve is dig through that right now and wee chell check in wit. Kelly. As mentioned the nasdaq was heading back to its record high, but now its under pressure. Down about. 5 at last check. Bob. Its under pressure because the mega caps are finally underperforming, its about time in the is all part of that broad evening o broadenning out of the market. You can see it again today. Whats outperform something whats doing better . Stuff that wasnt doing well a month ago. Weve had double digit gains in some of these banks. Fifth third up 15 so far this week. All of them are up double digits. Look at the retailers, nobody cares about macys or nordstrom. A few people are trying to do something. Some of these stores are up double digits. Gap, kohls, all up in the is for the week overall. Same thing with industrials. These stocks were not market leaders a little while ago. American, theyve had a great week. Theyre all up do
Like to introduce to you. The senator from vermont drew crowds of thousands as he took on the democratic establishment and promoted policies to improve the lives of working people. To help. Pay for all those. Injuries well much more problem where. At a critical moment the democratic establishment coalesce around former Vice President joe biden propelling a familiar face the front of the race thank. You thank. You. Both. Both candidates on the campaign. Trail in the 2 places that may have mattered most michigan and South Carolina happens up here on i think about the one that. Sanders has suspended his campaign and endorsed biden but Many Democrats remain concerned that the party is too fractured to defeat donald trump in the fall i dont consider Bernie Sanders part of the Democratic Party because his last season and a punch bowl like you and his supporters i dont see is furthering what i understand the Democratic Party to be they want to change the Democratic Party i believe joe biden c
Chair clyburn Ranking Member scalise and members, thank you for joining us today. The impact of the coronavirus on essential Frontline Workers and the steps the federal government can take to better protect these workers. The coronavirus pandemic has already killed more than 90,000 thancans, more deaths any other nation. Throughout this crisis, our nations essential workers have continued to serve their communities at Great Potential risk to themselves and their families. They are the true heroes of this crisis. I am deeply honored that several of these heroes have joined us today. These heroes treat patients who are sick with the virus and confront comfort the families of those who have lost loved ones. Callsespond to emergency and keep our communities safe. Stock our grocery and drugstore shelves. They keep our transit systems running, and they clean our hospitals and offices to protect prevent the virus from spreading further. Tens of thousands of essential workers have been infecte
A bigger share of indonesias multibillion dollar finance industry. May 1st was an important day for the worlds poorest nations it was the day that the rich club of g. 20 nations gave debtors a payment holiday until the end of the year the hope is that debtor nations can use the money to pay for health care during the pandemic despite more than 100 countries applying to the International Monetary fund for emergency aid the i. M. F. And world bank havent been so generous insisting that nations keep paying interest on debt although the i. M. F. Has offered some relief to 25. 00 poor nations which amounts to 200000000. 00 which lets face it isnt that much of nations really do need help nigeria has received 3 point 4000000000. 00 from the i. M. F. With debts of only 30 percent of g. D. P. Youd think the country couldnt get into trouble but its dependent upon oil for 90 percent of its export earnings with crude prices cratering it has little room to service its debt which is estimated to tak
America. President trump versus twitter, social media giant factchecking the president s tweets but President Trump is fighting back accusing twitter of election interference and stifling free speech, House Republicans are suing Speaker Nancy Pelosi, looking to end proxy voting and forcing members to appear in person. One giant leap for spacex today, elon musk looks to make mystery launching astronauts from florida to the International Space station later today and the nhl taking a shot skipping regular season going directly to playoffs. Martha stewart will join me at 8 30 a. M. Eastern, mornings with maria is live right now. Global markets are higher, take a look at indices, cac quarante is up 87 and dax index in germany higher by 208 points. In europe green across the board as investors look toward stimulus package in the euro zone, reported kristin lagard the u. S. Economy will shrink due to pandemic. Markets were mixed, tensions rise in hong kong, as you can see the hang seng down