Speak in some form of the w. H. O. Conference. Theidea of recovery in united states, all of Global Finance transfixed the chairmans comments last night on 60 minutes. Francine 100 . The chairman is talking about the virus, so we will have a look at this second wave of infection and what it will look like. Lets get to first reduce with ritika gupta. Ritika good morning, francine, tom. Jerome powell says the u. S. Recovery could drag through 2021. Powell told the cbs news program 60 minutes the economy will recover steadily through the second half of this year, but he said a full recovery depends on people being confident, and that may not happen until a vaccine is available. It is the first meeting of the World Health Organizations governing body since the coronavirus outbreak began. China will be challenged on two of its most sensitive issues, how beijing first handled the taiwanse status of participation, the e. U. And australia expecting to push for an investigation into the viru ori
Top of strong rally yesterday. The dow industrials having biggest oneday point gain ever, 11 and a third percent. S p up 9 , 209 points higher yesterday. President trump says he wants the country opened up and raring to go by easter. The white house quarantine for those People Living new york which has more than half of all cases in the United States right now. The private sector stepping up against its fight. 3m chairman and ceo with teaming up with ford and General Electric to make respirators and ventilators. India on lockdown. 1. 3 billion people ordered to stay home. Mornings with maria live right now. We want to check Global Markets this morning. In Europe Senate agreement of stimulus plan leading to green across the board. Check up the markets, s p up and overnight similar story, finishing strong, take a look at the asian markets. Best performer in japan, kospi in korea up almost 6 . Oil prices this morning on upswing extending gains a third section in a row. Twentyeight cents a
Risk to growth, goldman warning this morning that a further spreading of the virus or widespreading of it could completely wipe out corporate growth this year. On the sidelines why Toll Brothers ceo tells jim the next few weeks are critical for the Housing Market so the number to watch is going to be 361 today. If the dow falls by that amountiamount the blue chips will hit correction territory last night at the president s News Conference about containing the virus, eamon javers asked if Financial Markets are overreacting heres how the president responded. I think the Financial Markets are very upset when they look at the democrat candidates standing on that stage making fools out of themselves and they say if we ever have a president like this. Did it have to do with the coronavirus . I think it did, i think it did. But i think you can add quite a bit of selloff to what theyre seeing. How much of that explains today, jim i think that the most overshadowing thing is what happened right
Were lockstep with europe this is a very big change. You pointed that out a number of times the tenyear note yield creeping up a little bit from the lows we saw last week. Maybe helping firm up the financials just a bit. You see crude there. We just heard, of course, from the treasury secretary of the United States, steven mnuchin. As they wrap up squawk box. Tax reform, its got to be the most significant item on the agenda you know, he seemed to echo comments he made in the past about 15 being a target but not hard and fast. He did say some things in terms of pass throughs when pressed by andrew how are you really going to be able to prevent people from becoming llc and therefore benefitting from the potentially lower tax rate than they would as individuals he said, Service Companies would be one example that were not going to allow im not sure we heard that before in terms of specifics when it comes to how theyre going to sort of thread that, very importantly if everybody becomes a p
Democrat. The professor has studied how the impeachment issue affects voters, and she has much to say about the Strong Campaign democrat dan mccready ran in a North Carolina congressional drik district where he came in second tuesday night, just two points behind the republican winner. Rachel will explain why she thinks that race was actually winnable for dhemocrats. Shell tell us what she believes the democrat could have done differently in that race and that democrats could make a difference in other races in dozens of other congressional races by approaching them differently. She will join us later in this hour. Also ahead tonight, the new political viral video star deb butler. You shall not do this to you shall not do this to democracy in North Carolina, mr. Speaker how dare you do this, mr. Speaker . I will not yield. Were not going to let anybody touch you. I will not yield, mr. Speaker. I will not yield. You shall not usurp the process, mr. Speaker deb butler was seen as a hero