With a big bang and open up our country or certainly most of our country and i think were going to do that soon. You look at whats happening, i would say were ahead of schedule. Now, you hate to say it too loudly because all of a sudden things dont happen, but i think we will be sooner rather than later. Ashley sooner rather than later. The markets responding positively in the premarket today. The dow up 330 points. It is a holidayshortened week. No trading tomorrow. We have long weekend coming up. What will that do to the markets . We will get into that. As for oil, up as opec plus meets. We are likely to hear about a deal between the saudis and russians to cut production, although up until now, they havent seen eye to eye. In the next hour, we will hear from fed chair Jerome Powell and Senate Majority leader Mitch Mcconnell. Powell could move the market with his remarks on the economy. A half hour ago, the fed announced 2. 3 trillion in new loans available. That helped offset the neg
Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Well show it right here. Connell oh, boy. Melissa it is rough. Instead go to Kristina Partsinevelos on floor of the new york stock exchange. Kristina . I like that. Forget that. Talk about the whoohoo you mentioned. You saw a little bit of a rally towards later half of the day. We were sitting around 250 points. It is a friday. People wearing ties. People are rushing out. What are some of the catalysts. Improved sentiment about u. S. China trade progress. We can say that. Germany stimulus if needed. Same situation with china. A stimulus. Talk about the dow winners on the screen. Winners for apple, a lot has to do with china u. S. Trade sentiment. Given supply chain. Goldman sachs doing higher because 10year yields climbed higher. Banks benefit from that. They got hammered yesterday. 3m often goes up and down with any trade comment. We talked about the yield, bring up the 10yearyearold at the moment. It flipped over, people not buying as much bonds, putting it back into the market, henc
who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that s just not realistic for our generation. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,it s calming for me,
if you were making a filmabout wallstreetbets, what s the story to you? - [sighs] i think the story is abouta group of idiots, a very large group of idiots, who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that s just not realistic for our generation. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me