Reporting this week for the s p 500. It might provide some we can do some glimpse into how companies are thinking about the future. Of those companies is united airlines, already saying it is going to have a 2. 1 billion loss, and that is just the beginning of the pain. It is cutting 90 of its capacity in may, and similarly will do Something Like that in june as well. It will get about 5 billion for the u. S. Payment program. And we have the 10 year yield at 63 basis points. We get more Economic Data this week, including initial jobless claims, but also pmis, new home sales, and so on. Those are all going to show dire readings and are not going to be really reflective of how the economy moves forward, except to suggest that we are definitely in a very thick recession. Guy lets take a look at what is happening here in europe. Meansis down, but by no down as much as it is in the United States. Pricing inntract not such difficult times, but nevertheless, do you want to take physical deliv
Government in a phase four plan. That is helping to lift equities. No surprise, you have the underperformers again starting to surprise. Nordstrom and the gap are the two strongest is in the s p right now. Those are the names rallying. You have to wonder about the efficacy of the rally. Priceslped by energy getting some stability in the u. S. Despite the fact we saw an and norma screwed inventory build of 15 million barrels. I had to actually look three times out the number because it was so big. You are seeing that risk on continuum, but i have to have doubts when you have nordstrom as the Top Performing stock in the s p. Guy lets talk a bit about what is happening in more detail in europe. We are trying to figure out what is going to happen next. Eu ministers are divided on how to finance the regions fight against covid19. Yesterday, 16 hour call. Tomorrow, they were doing again. Aance and berlin both saying deal is close. The question is, what are the sticking points, and how big ar
President trump donald trump saying america is winning the war against the virus. Dr. Anthony fauci says at least part of the economy could reopen next month. Over at the capital additional funding for Small Businesses, Congressional Republicans to add 251 billion, democrats looking for more money and a much broader use of the funds. Meantime futures are pointing to a lower open to kick off this week. You have almost 300point loss on the dow futures after u. S. Markets in a short week last week rallied big time. The dow, nasdaq and s p all up more than 10 . S p having the best week since the mid70s. 1974. Deadly storms slamming parts of the United States over easter weekend. The southeast still being battered by horrible weather. We will have a live update. Mornings with maria is live now. Dagen and good morning, maria. Maria good morning, everyone. Dagen, thank you. We want to check Global Markets. This is a big week. Hope everybody had a great easter. Lets check Global Markets right
We will bring you those numbers as soon as they get the hit. They may very well impact markets. We will look ahead to jobs number coming up. Job losses could hit 47 million and Unemployment Rate could surge to 32 . Jim bullard is here later this morning, more on jobs, action by the Federal Reserve and what if any rebound we can expect from the crisis. Interview coming up at 7 00. President Trump Pushes Congress to pass 2 trilliondollar infrastructure bill now to help boost the economy along the road to recovery. The president says the bill willing very big and bold. Meanwhile this, the death toll in new york city has surpassed 1,000, mayor bill de blasio joining the call for help as more makeshift hospitals are created. This as more states go on lockdown this morning, mornings with maria is live right now. We want to check Global Market s. Dax index in germany lower by 277. Factory activity in italy contracting at the fastest rate in 11 years. 40. 3 and french factory activity calling
Now projecting anywhere from 100,000 to 240,000 total deaths in the u. S big investors are weighing in. Rosengren says the feed needs to adapt as the crisis proceeds and he expects the Unemployment Rate to rise dramatically weve got a big guest lineup coming for you in just a couple minutes, talking to james gorman from Morgan Stanley. Hell talk about the market volatility and how the banks have fared so far in this crisis lets focus in on the big stories we are watching at this hour, the final hour of trade. Mike santoli watching the market plunge meg tirrell has new details on the state of Virus Testing in america, so important. Micah, first to you on this market were seeing a pretty steep selloff here. A pretty steep selloff sad to say not that unusual after you get one of these crashlike moves, then a rebound. I think a lot of folks were hand capping this to be an area where it would stall out this may be a little more than a stall. Well have to see. This is a twoyear chart we were