A Trial Program for its Digital Currency were going to discuss all that and more coming up all right its time to boost your news i q. 1000 continues to take the world by storm with cases now topping well over 2000000 the latest number of cases now 2 and a half 1000000 with about 175000 reported deaths here in this country in the United States 814000 total cases with about 43000 deaths more than one 4th of that total number of confirmed cases in the u. S. Come from new york state alone now new york continues to be the epicenter of this outbreak with some 242000. 00 converge cases and now the governor and. Requote cuomo is meeting with President Trump to discuss the States Coronavirus response with more on that anticipated meeting and how the federal government could help out new york heres arties Trinity Chavez with more. As the states across the country begin to reopen Governor Andrew Cuomo says in order for new york to get back to business a drastic increase of testing is needed but w
Its time to move your news i hear. Its a move no one seen in decades on monday oil prices plunged into the negatives prompting President Trump to make this announcement were looking to put as much as 75000000000 barrels into the reserves themselves that would top it out it would be 1st time in a long time its been good for the rate brace. Now adding that much oil is a major task but where do you store it meantime Oil Prices Continue their downward spiral today for more on all of this lets bring in our fronsac shes been following the story fair and this is the 1st time in history right that that oil has dropped below 0 right now and you know this is really a domino effect all from the coronavirus. Now people have these stay at home orders so people are there driving last no ones flying anywhere so you have all this extra oil not being used and theres only so much oil the world can store and were already bumping up against the limits of Storage Capacity and thats why were continuing to s
The 30year at 3. 222 and today is jobs friday lets look at expectations forecasters say that the economy probably added 160,000 jobs last month. The Unemployment Rate is seen Holding Steady at 3. 5 the backdrop for this mornings report, stocks at record highs the dow closing within points of 29,000 yesterday, 28,956 apple was a big driver shares of the neck giant up more than 2 and its also adding to the gains this morning its up another 2. 20. Apple last trading at 311. 84. On a trillion and a half. Trillion and a half market cap. It was a broad rally, all 11 sectors of the s p 500 closed higher. Are we taking the under on the jobs i just feel like it would be the under on the jobs. Youve got the weird seasonal things that take place. The number was so blow out last time. It revised higher than months before that, too. It seems like eventually theres a regression or whatever you want to call it to the mean. Im hoping its good. 160,000. 160,000 is a lot. Trade continuing to be a huge s
Too. Tenyear well above 1. 8 and 1. 822. A developing story from china with big implications for u. S. Companies the Financial Times reporting that the communist party now ordered all state offices to remove foreign hardware and software within three years. This could hit firms like microsoft and dell, hp, especially hard. Now analysts estimate 20 to 30 million pieces of foreign equipment would need to be ultimately replaced. The order is not yet public yet but was described to the ft by two Cyber Security firms so this is going to this is like the fallout from huawei this is the fallout from huawei everybody out of the pool at one time think about microsoft and by the way one of the names not on the list, apple. Interesting where is apple . Apple doesnt do a lot of enterprise work in terms of corporate maybe not government. Maybe not government work but. More of a consumer play i dont know. I was thinking about that this morning. Where apple plays in that. Apple is obviously threaded
Welcome to power lunch, im melissa lee. Were ins ground zero, Texas Instruments falling after its Earnings Report taking down the rest of this group much more on these moves a little later on in the show. Kelly . Mark zuckerberg testifying in front of Congress Today and taking heat on several big issues reporter this has been a tough hearing for Mark Zuckerberg, theres been a lot of anger and exasperation among lawmakers. On Election Security and political speech, red lining and diversity. Facebook changes the rules when 2 convinces itself have you learned that you should not lie. Facebook has been systemically found at the scene of the crime the richest man in the world to come here and hide behind the poorest people in the world and say thats who youre really trying to help youre trying to help those for whom the dollar is not a good currency drug dealers, terrorists, tax evaders. Now, even republicans who have cautioned against the broader back lash against big tech still had some v