Has the 10th lowest claims per force in our country. N saturday, we launched the pandemic unemployment assistance program. 50,000 virginians have50,000 vie successfully filed under that program and they should see benefits by the end of next week. While i understand many people frustrated by website difficulties and wait times, one. Nia has been most innovative states in amping up the ability to respond in the sudden large increase of people filing for unemployment. Worked with microsoft and Virginia Interactive to launch a portal with mobile and texting capabilities and v. E. C. Has been a National Leader in helping virginians receive these as possible. Uickly many have already begun checks. G their as i said, having half a million eople unemployed is very unfortunate and so i want to talk about how were planning to move virginia forward. I know everyone is eager to move forward. I know that i am. Extended the ban on elective surgeries through may 1 closure of d. M. V. Offices through
2. 3 trillion gauntlet against the economic catastrophe caused by the pandemic it was remarkable move coming within seconds of the devastating news that 6. 6 million more people filed for Unemployment Insurance last week the averages were actually able to rally including the down and out stocks dow gaining 286 points s p climbing 1. 54 nasdaq advancing 7. 7 . Without powells extraordinary i was blown away extraordinary announcement, the hideous jobless claims would have pancaked the stock market. Weve gone from the strongest labor market in a half century to one of the weakest in no time flat it didnt matter to wall street because the fed is buying all kinds of distressed debt you dont see i keep saying its so important. Buying municipals. Some of those are hurting. Buy high yield Corporate Bonds thats fabulous news because those were two big pressure points in this rapidly deteriorating economy. What a difference from the old days between the 2. 2 trillion rescue package from congress
Comeback next meant. All that and so much more on making money. Charles stocks popping pretty nice for the second straight stay, in part due to better news on the coronavirus. Also moments ago, treasury secretary Steve Mnuchin tweets at the president s direction, the direction of president real donald trump, i spoke with senator schumer, Speaker Pelosi and gop leader to secure additional 250 billion for the ppp loan program to make sure Small Businesses get money they need. Of course this rally too, is just oldfashioned, buying begets buying. Maybe some pros trying to catch up. Now after breaking key resistance early this morning, folks, i want you to take a look because the dow 50 day moving average, even the 200day moving average are well within range. Could 25,000 actually be back in play this soon . I want to bring in our experts right now, bellpointe Asset Management chief Market Strategist david nelson, Divine Capital dani hughes. Let me start with you, my man. A lot of resolve.
Your stat of the day only one stock in the nasdaq 100, pfizer fell today, 99 out of a hundred in the nasdaq 100 are on the rise. Big banks, a big story for earnings and the results, the stocks not doing so much and former fdic chair sheila bair is here with a new white house op ed and the new Coronavirus Briefing, we will be monitoring that in the last couple of days there has been more news and this one a little different. Look at the location it is not in that press room this is in the rose garden which, we dont know what theyre going to say, but historically, when we have this one podium in the rose garden, we tend to get more news so there is a lot going on, but lets get right back to the markets. Tim seymour, i want to begin with you and really today i need a china story. Apple, iphone sales jumping 2. 5 million in march versus 500,000 in february. Better import export data. Did bigcap Technology Today to you sort of signal that china is providing a kind of road map for our reopen
Edition issue with the Technological Advancement is wrapping so rapid its almost impossible to keep up in the space of a life time. Weve discovered for thousands of new sites from a range of different periods. Of the danger allows us to shop in the focus of our inquiry and pinpoint exactly where to before and i dig. Ive. Ive. Ive. In archaeology state of the Art Technology sometimes assumes the guise of an antiquated hand caught. While archaeologists route boys in and rose and shot set up their equipment on a meadow they colleagues nearby are preparing a device that does look more high tech. The geomagnetic apparatus is so heavy it has to be towed by a vehicle both devices do the same thing only this one is larger and can survey a wider area. A group of german an irish archaeologists have met up at the old church at screen a 15th century site steeped in mysticism but the church room is almost young compared to the anxious monuments the top the surrounding area. Northwest of dublin the