Demand answers after its reviled the government knew about the explosives. How the u. S. Military is helping the relief effort. Nra under pressure. Two lawsuits allege the powerful gun groups leadership stole millions from its members. The response and why the organizations future existence could be in doubt. But first, heres todays eye opener, your world in 90 seconds. We call it the china virus. We call it the invisible enemy. We call it many different names. Got many different names, but its bad. The new model predicting u. S. Deaths from this virus will reach nearly 300,000 by december 1st. President trump says he is preparing to sign an executive order if no deal is reached on the Coronavirus Relief bill. It wont be effective. And things will get worse. The new York Attorney general filed a lawsuit seeking to dissolve the National Rifle association. I think the nra should move to texas and lead a very good and beautiful life. President trump signs an executive order to ban u. S. C
Notably russia, and surely it puts a crimp on the future of electric cars. Look at it this way. Why buy electric when a gallon of gas on average now costs 1. 81 and likely to fall much lower. In wisconsin, the average is all the way down to 1. 22. There are some places where its below 1. We will bring them to you. Its a big negative for the stock market. The dow industrials are going to open down 500 points. Thats roughly 2 . The s p down 1 . The nasdaq down 1. 93 . The oil crash really hurts stocks as well. Every energy stock is down. The airlines and the Car Companies, they cant cash in on cheap jet fuel and gas because people arent flying and theyre not driving. Where is the additional help for Small Business now that the first rescue package has run out of money . As of right now, it has not come through. Treasury secretary mnuchin negotiating with democrats over the weekend. Its supposed to be a better than 300 billion plan but its not here yet. Perhaps thats another reason for th
Says the economy will take off quote, like a rocket ship when it reopens. The questions, though, are when will that be and what will it look like. The market is asking those very same questions as it searches for direction this morning. More green on the screen but again, markets want to know how much economic damage has been done. Meanwhile, moodys says economic output fell a staggering 29 in the first week of april. That is compared to march. That is the first full week of true social distancing rules in place across the country, and that was the result. Down 29 . The other big story of the day, the w. H. O. Is under fire from President Trump. The president saying he may freeze funding to the organization over its response to the pandemic. This is happening as we get more clarity on what may be in a fourth stimulus package. President trump wants 250 billion more for Small Business. Senator schumer wants a 25,000 bonus for front line heroes Like Health Care workers. And we also have s
Joel osteen is joining us live. The famed pastor giving us holiday inspiration and details of his starstudded Easter Service from mariah carey to tyler perry. What he has in store. And i said what about breakfast at tiffanys your Easter Breakfast already planned. Were whipping up an easy recipe for buttermilk french toast to serve up sweetness on Easter Sunday morning. All that and more as we say, good morning, america. Good morning, good morning oh i need some of your sweet love thanks for joining us. Whit is joining us from home. This morning, whit, how are you doing . We miss you. Oh, i miss you guys too. Good morning, dan and eva. I think im doing okay, better than our friend rob marciano who is still stuck down in the basement wearing clothing from old giveaway boxes. But well see rob in just a little bit with his pandemic fashion accessories. But, you know, im working from home like so many other americans doing my part here, and weve got a lot to cover coming up on gma. Whit tak
On the u. S. Economy. Down now about 3. 5 or so. Small caps artificially underperforming for the fifth time in six days. All on concerns about the strength or lack of strength within the u. S. Economy. I do want to take a look at the vix. If there is any bright spot going on, it is that it is hovering below 50. It is the first time going back to march 11, so it looks like there could be a little bit of an improvement here. Certainly feels better than the height of an 80 handle that we had. We do start to get more comforted when the vix is falling along with the s p 500. Traders hoping to find a floor here. Nextre starting to see the falling a little bit again today. I want to flip up the board. Ending on a light note. That is something we are trying to do everyone to a while. Its all about what you are doing if you are working from home. Apparently, we are going to be drinking. A lot of alcohol purchases. Week ofcreasing the march 21. Aree of thewin most, 66 and 75 . Beer, about 42 . V