Over 5 . The nasdaq up 367 points as well the russell 2000 small cap outpacing all of its large cap cousins. Now at a level of 1,121. Lets go through our investment economy so far today well start with shannon at bost bost boston private wealth. What has you excited about todays price action its a considerable green day so far. I think this is a response to what happened last week. We saw really a great week in the markets and then last week we traded in sort of this sideways range i think we mentioned on fridays show that the most important data points would be from the virus. Thats not necessarily because its the only data point in time if you think about this week, we have a couple of Economic Data releases were prior to earning season. Thats a bit of a vacuum or void in news right now. This positive news we received over the course of the week about the stemming of the virus as far as infections, icu, hospitalizations, all of that lends it to some stronger sentiment. I think we wil
A fox business exclusive with the ceo on the muchneeded money the frenchowned bank threw in to pull it off in a new york minute. Plus, the Restaurant Industry paralyzed by the coronavirus lockdown but the Chipotle Mexican Grill ceo still has customers lining up around the block in their cars. Brian nichol with us live on the successful shift from casual dining to Curbside Pickup among the covid19 challenges. Lol surprise dolls were the hottest toy on the market last christmas but could next years visit from kris kringle already be in jeopardy . We have the ceo of lol and bratz dolls on helping First Responders even as his Family Member clings to life and his business is a little rocky. Its a Small Business rescue loan money now slowing and when we might all find out what Warren Buffett is doing with his huge cash pile. Less than an hour to the closing bell. Lets start the claman countdown. Liz all right. We just have gotten this breaking news. New York Governor Andrew Cuomo moments ago
And up to 200,000 deaths. The president listening to his medical advisers and he has adjusted policy. The social distancing rules will be extended until april 30th. Therefore, the shutdown of the economy will continue well beyond easter. The president says the recovery will start by june 1st. On the markets, expect continued volatility. We have certainly seen that already today. At one point early this morning, futures showed a loss of a couple hundred points. Now we are looking at a gain at the opening bell of a couple hundred points. That would be almost 1 . A similar gain, better gain, actually, for the nasdaq, up about 1. 25 and the s p also up over 1 . A rally at the opening bell. Investors seem to like the idea of more pain now so we get out of it faster. The other big financial story is the price of oil. This is apart from the virus. This is the price of oil. Look at it. Its down to 20 a barrel. Earlier it hit 19. 20. 48 is the price right now. The saudis have declared war on Am
Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still
Gain of about 170 points, after the biggest oneday gain since 1933. That was yesterday. Today might be a different story. At the moment we are looking at a gain of 166 for the dow, a drop for the nasdaq, maybe down 34 points, and the s p down about 11. Mixed picture this morning as investors try to get to grips with this new package and what it means for the economy. Also influencing the market, the president s statement that he would love and he used the word three times, he would love to get the economy back up and running by easter. Thats just two and a half weeks from now. It is a goal rather than an absolute. Critics say its just too soon and many state and local governments reject the president s time frame. Meanwhile, the call for Domestic Travel restrictions keeps on growing. Some officials at the white house suggested that anyone leaving the new york city metropolitan area should be confined to 14 days quarantine. As of now, lockdown, stayathome orders are in place for well ov