Many citizens are demanding an end to stayathome orders right now. Well have the very latest on this revolt. One country, south korea seems to be doing right. All that and so much more on making money. Charles all right. Stocks under pressure all day long but it is crude oil the center of attention, folks. The may contract down 98 , a record low. On friday, Energy Companies ironically they were the biggest gainers in the entire market even though crude was down we had a great guest on, a oil executive. We wondered what he thought had to happen with the commodity price. He said that the oil industry had to do something it never did before. Take a listen. The choice is clear right now. We have twoways we can go about this we do nothing. That will lead to single dollar oil prices. It is going to decimate the domestic industry. Over a million jobs will be at risk and it is going to increase our dependency on foreign oil. Or we are part of a Global Solution to what is clearly a global probl
Yielding around where it had been. 8 is roughly the mark weve been sitting at. It looks like the 10year is yielding as well i know people are short and anxious. These two days backtoback are we putting in a bottom these numbers in new york look promising like the numbers may not be going up as rapidly as imagined well see. We have a lot of big guests to talk about that. We want to get everybody up to date about what happened last night. The Senate Passing that stimulus bill it now goes to the senate. Steve liesman will cover the potential impact on the economy. First, well go to washington, d. C. Where eamon javers is this morning. I cant think of another major vote that was this unanimous, 960. It would have been even more if it hadnt been for the fact that so many members of congress are back home or suffering themselves from this virus we could of seen a 1000 vote yesterday. Buts that where it handed. What is in the bill . Just about something for everybody in the economy lets whip
But the e. U. May challenges deal with china. Up ad Morgan Stanley wraps big earnings week for u. S. Banks , with a beat. We are live from the Morgan Stanley global Alpha Investment conference in hong kong. Us trillion markets just open for trade. Sophie. Sophie asx us trillion marketst open for 600 the top smock the top stock market so far this year. Broadly speaking, asian futures are pointing higher and regional stocks are headed to a seventh weekly gain. We will see if the u. S. Tech rally feeds into asia, given bullish guidance. We did have alphabet joining the 1 trillion market cap club. Fed expected to stand pat on rates. Looking ahead to the chinese gdp report, futures in singapore closing higher after a three day drop was posted and the offshore yuan is headed for an eighth weekly rise. Thea top forecaster says yuan will in the year is one of asias worstperforming currencies. Shery lets go to first word news with jessica summers. Jessica the Senate Begins the formal impeachmen
Micron, qualcomm, verizon. Tesla ceo elon musk cuts a rug after delivering the first customer cars from the shanghai factory. Shares touch a record high. This week brought increased tensions between the u. S. And iran. A military strike in baghdad and in baghdad took out one of irans top generals. They responded by launching missiles at u. S. Interests in iraq, roiling the markets and creating new fears of cyber warfare. Cybersecurity firms like cloudflare were up this week as a result. I was joined by the director of strategic threat at an ai security firm. There is a significant distinction between irans battlefield capabilities and where they are on the cyber front. They are never going to go toe to toe with the United States in this realm in a conventional battle. In the cyber realm, they have a greater chance of pushing back more dramatically and having a greater impact in the United States, so even though they have not gone that route in terms of immediate reprisal, it is not out
A rainbow 7 continents and 7 seas 7 deadly sins 7 plagues of the apocalypse and 7 wonders of the world there are 7 clubs currently battling for top spot in the bundesliga match day 7 saw a direct faceoff between 2 hopefuls freiburg versus top much by both had failed to beat their opponents in their last 16 attempts with this time be different. Christian strong complicit tonight to some still doubt it badness shall come out on the fine run but could they keep it going. To cut. Cut cut cut cut cut cut. Cut so often the omens looked good for buyers the bundesliga leaders put 7 past talking them during the week. To get rid of it to prevent but it looked it says can happen he scored 4 of them himself as many goals as hoffenheim had managed in the league all season. But still. The sound which of the 7 sides would be on top at the end of match day 7 time to find out on kick off. With. After climbing to the top of the table aiming to stay there indefinitely just as well match day 7 saw them ta