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He will be having a press conference detailing a little bit more on that capitalgains tax cut he continued in a radio interview. Also maybe a follow up on that shooting outside of the white house yesterday. It was pretty scary to watch. A lot of folks not knowing what was going on at the time. We do know what is going on in chicago and we do know it is not right. Right now the unrest continues. Fears of more unrest today. They have drawn up the bridges around chicago to limit where protesters can gather. Good luck with that. A number of College Football conferences, that can buy the bullet today and decide there will be no fall College Football season. Can you imagine that . Already some very big conferences at least have members contemplating just that. The quarterback of the clemson team does anyone bounce this off of us . I would like to play football, guys. The presid ....
Outdoor restaurant dining. Were also hearing from new york Governor Cuomo this will follow pretty much what we have seen in upstate new york where eating establishments might not have instore dining but make room outdoors on sidewalks, what have you. People are back to doing what they love to do. If this happens in manhattan, that would be a very, very big development. Easier said than done in some locales because there are things like sidewalks. You cant flood that out into the street here but it is a positive development slowly but surely all the nations urban areas are foaling suit, eventually deshelterring and also, reminding those who do go back, you still have distancing rules to honor. Going to focus on the market just a second here, as stuart just told you. Boeing a big reason for what could be happening here but the fact of the matter were barely, barely up on the day here. I should point out the nasdaq 100 in and out of ....
Mind at 2280, it is still a double digit advance on the year, but its the technology falloff thats getting a lot of attention here. Its led by amazon but concerns as well that the Technology Sector is not immune from some of these issues and then we throw in oil, whats happening with exxonmobil and chevron, as expected, reporting some lousy numbers. Its all weighing on the markets this first trading day of the month. Here to detail that, jackie deangelis. Hey, jackie. Jackie good afternoon, neil. Thats right. This really highlights the fact that earnings matter when it comes to the stock market. You take into account the fact that these companies were reporting earnings that only account for about two weeks of the Coronavirus Impact and we wonder whats going to happen when we get the Second Quarter numbers. But am ....
Sadly deaths are the lagging indicator youve been in the hospital for x number of days in extreme cases you could be put on oxygen or ventilator. Thats it. Hospitalizations are starting to decline as they appear to be at a steady rend in new york. That could be welcome news indeed. Statewide hospitalizations have been averaging 1996 in april in the latest period versus better than 2250. The trend just the day before. Meanwhile the governor is outlining he said well need an army of tracing investigators to identify people who may have been exposed to the covid19 virus. You keep hearing this, tracers, indicators, who come into contact with those who tested postively for the virus. That is why the testing issue is so big. Were told jeff bezos of amazon, who is on the ad hoc Advisory Board, sort of giving advice to the president how to proceed, if an when to reopen our government, our society, our economy so to speak. He has been sayi ....
And global names are all taking it on the chin. The market itself is down close to 40 from highs reached a little more than a month ago. And this is feeding on itself. Now, the excuse de jure seems to be the fact that the senate could not cobble together a rescue package late last night. 2 trilliondollar package, democrats say was tilted too much towards businesses. Now theyre scrambling again to come up with something that might be more mutually acceptable. Questions whether it is too little too late. If you consider the 3 1 2 to 4 trillion that the Federal Reserve has provided through everything from cutting Interest Rates down to essentially zero to buying mortgagebacked securities, buying corporate paper, buying anything that they can get their who little hands on to get the cash in the system, that is what it is all about, get cash in the system so people dont feel they ....