Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Good afternoon. I have an announcement for you for hospital funding in the third phase of Coronavirus Relief. The trumpet ministration will distribute 12 billion to 395 hospitals across the country that have been hardest hit by the covid19 pandemic. These hospitals have collectively cared for 70 of the 184,000 americans that required hospital inpatient care. 10 billion of the 12 billion will go toward hospitals treating 100 or more covid19 admissions. Hhs is distributive and additional 2 billion to these 300 95 hospitals in proportion to the amount of care they provide to low income and uninsured patients. This is consistent with our effort to ensure americans who need federal government assistance the most receive it. We will be releasing a breakdown of the states receiving this funding and the counties receiving this funding, but new york, new jersey, and illinois received the most funding by state, while new york, new york, the bronx received the most per county as determined by our
This is half an [cameras shuttering] ms. Mcenany good afternoon. I have an announcement for you for hospital funding in the third phase of Coronavirus Relief. The Trump Administration will distribute 12 billion to 395 hospitals across the country that have been hardest hit by the covid19 pandemic. These hospitals have collectively cared for 70 of the 184,000 americans that required hospital inpatient care. 10 billion of the 12 billion will go toward hospitals treating 100 or more covid19 admissions. H. H. S. Is just to bidding an additional 2 billion to these 395 hospitals in proportion to the amount of care they provide top low income and uninsured patients. This is consistent with our effort to ensure americans who need federal government assistance the most receive it. We will be releasing a breakdown of the states receiving this funding and the counties receiving this funding, but new new york, new jersey, and illinois received the most funding by state, while new york, new york, t
Attention to the virus to aid in war against the pandemic, live tomorrow morning for special interview you dont want to miss. Do stay with us for that. This morning pointing to higher opening. Take a look at future, up better 250 points on dow industrials, s p is up 29 and nasdaq higher by 116 this morning, this after the dow, nasdaq, s p ended down last week. As you can see better in the dow and s p. Google parent alphabet, microsoft, facebook, amazon, Technology Names reporting earnings this week and at the end exxon reporting numbers. Holding china responsible. Senator tom cotton telling me the coronavirus escaping its borders was a deliberate attack by the chinese and calling for action against the Chinese Communist party. Plus questions rolling with the health of north Korean Leader kim jong un as he remains unseen. Mornings with maria begins right now. Global markets this morning are rallying, take a look at europe indices, ftse 100 up 95 points, cac quarante in paris is up 86 an
Hardpressed drillers . We will ask. Now we are quoting the next contract for june delivery. The price coming in at, where was it moments ago, what was it, 15, 16 a barrel. The president will fill the Strategic Petroleum reserve with up to 75 billion barrels. That helps storage capacity. But it makes no impression on collapsing demand which is at the heart of the oil price problem. A lot of people expect that that price, the one we see right now, what was it, 16, 15 a barrel, expect it to down from here. Well see. Stocks, theyre down in part because of the Oil Situation. Its another indicator of how badly the virus is affecting the economy. Investors not happy about the demise of Americas Energy industry. The dow will be down 500, s p, lets see, 54 points down and the nasdaq down about 82. A small loss in percentage terms compared to the dow and the s p. Well, the president s twitter account active last night, late last night. He called the virus the invisible enemy and said he would is