Investing heading back into the bear cage, we are going to ask economic guru if you should head back into that or follow the breakup optimism that were seen today on the market. Doctor was featured in the netflix dock eseries pandemic, she is the one who coordinates the Pandemic Response in new york city hospitals. She is going to come here today and she is going to tell us what she is seeing now and if she thinks the nation is healthy enough to gun the economic engine once again and maybe this news from dickinson, it might help with the metal to the petal, the medicals tech company just got emergency approval for a new covid19 test, not a vaccine, an actual test to see if you have the virus, you will not be relieved how quickly the test results come in. We have the ceo exclusively to explain. And need the kalamazoo kids, they are too Small Businessman from michigan who teamed up to save their businesses by creating a pandemic product. In my Goldman Sachs says sell your apple sales, th
Holding onto those gains. The s p 500 up. The nasdaq is up 2. 4 . The dow is up 1. 8 . Chipotle is at the top but like many other companies it beat estimates. The dollar continues to strengthen. Standing by with a deeper dive into the action we have taylor riggs. Taylor you mentioned crude on your board and i wanted to start with oil prices. They were up 20 or so after six days of losses. Theyre trying to rebound but still down where the 50 . It is unbelievable the price action. U. S. Oil inventories have risen for a 13th straight week but there is potential positive news. Yesterday, they were shortselling on a stock and if it plunges more than 10 that would apply to the largest etf. Some of the reasons we are seeing some stability. We need to talk about the largest oil etf. It is tracking crude prices pretty closely on a yeartodate basis. We know that yesterday there was a premium to the shares given that they ran out of what to sell investors. Theyre trying to take advantage of low o
Stocks as well. At 4 00 oclock on wall Street Markets were downwith the dow industrials taking another step down near the close so we were down sharply in the morning, leveled off in the afternoon, went back at it at the close, down 592 points on dow industrials at 4 00 oclock yesterday. Earning season rolls on. Big names include cocacola, lockheed martin, Philip Morris and travelers this morning. After the bell attention turning to streaming giant netflix. We will anticipate what the numbers will be. President trump saying he will sign executive order temporarily suspending immigration as part of the war against the coronavirus pandemic. Getting america back to work, georgias governor announcing businesses can reopen this week. Other states including South Carolina and tennessee also starting to ease restrictions. Meanwhile battle over additional coronavirus aid continues on capitol hill this morning. Businesses are waiting for the muchneeded funds to become available. Senate likely t
To the governor 20102011 and was the top assistant in the Attorney Generals Office when i worked there. Former federal prosecutor and he mcandrews and forbes. Robert mahica, the budget director. It gives me great joy that she will be helping us out. When i was her age, i came and worked with my father in this room as special assistant to the governor. For one dollar a year. My father never gave me the dollar per year. I will give you the dollar a year. She is not working for obvious reasons and she is here to help and that is a joy to me. Melissa derosa, who everybody knows, worked for president obama. Shes been working with me for seven years. She is the current secretary to the governor Larry Schwartz, former deputy county executive of suffolk and former county executive of westchester, former secretary to the governor patterson and former secretary to the governor under Governor Cuomo, 20112015. And bill mullrow, special assistant to the governor. The reason i wanted you to meet the
Hey, connell. Cohn cohn were connell were getting hit grim milestones with the covid19 it would appear. Total number of cases will top 200,000 by end of the day. The in new york city the death toll has topped 1000. 43,000 plus infections, death toll at 1096. Now one of the issues here locally has been how to keep the firstresponders safe. If you look at the nypd, the new York City Police department, 15 of the workforce has called out sick. You know that adds up to about 5000 workers. So a little bit more than that. Over 1000 Uniformed Police officers in new york have tested covid19 positive. And some others told us they have had trouble actually getting the test or, you know, waiting a number of days to get the results back. They have to sit out on the job while they wait out the results in some cases. Similar situation at the fire department. Similar situation at ems. All of that is going on. While help is coming in on the medical side, we talked all week long about the huge hospital