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Lauren simonetti watching the markets. Edward lawrence also in d. C. , and Jackie Deangelis in new york, but on the markets, lauren, we start with you. Lauren what a day, right . Oil saw the biggest gain one day ever, up 25 . Closing just over 25 a barrel. Energy stocks rising in a big way. What happened . The president said russia and saudi arabia appeared close to a supply cut, taking oil off the market. We dont know if that will happen, if they actually agree to it or how much they will take off the market and where exactly they will put all of that crude because think about it, were not using very much right now. So supply is certainly out there. Anyway, great day for the price of oil. And with that, some of the big Energy Stocks as well. The oil news helped investors brush aside the news we got an hour before the market opened this morning. That showed last week 6. 6 mi ....
Familiar. Good morning. To fbn a. M. Good morning. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl lets take a look at how your money is moving this morning after markets jumped 5 yesterday after promises of stimulus from Steven Mnuchin and the president. We had been limit down overnight at one point. U. S. Futures are in theory going to be limit down again before we open today. Dow is down almost 4 , 821 in the premarket, s p is down 92 points, 3. 69 , nasdaq is down almost 4 andahalf percent. Lauren the 10 year treasury yield moved up 36 basis points yesterday, its up another 11 right now, 1. 192 because there is to much government supply at the moment. Cheryl were looking at oil, because we continue to see pressure in that market. Fears of a global recession, more and more analysts talking about that, that is putting pressure on oil once again, a 2 drop in crude, below 30 bucks, 26, 37. Gold, usually a safety ....
The s p 500 down deep in the red down 5 . Fox Business Team coverage. Blake burman is at the white house where the president is currently meeting with nurses on the pandemic. Kristina partsinevelos on the floor of the New York Stock Exchange. And chad pergram is on capitol hill. Were going to start with blake. Reporter hi, there, we had known for about a day now that the Trump Administration had been potentially eyeballing a trillion dollar stimulus package, bailout package, whatever you want to call it. Now we know what they are thinking of, how that trillion dollars might be divvied out. According to a Treasury Department document 50 billion would go towards the airlines. 150 billion would be in loans to critical sectors of the economy or what i ....
Reporting from durham, North Carolina. Boy, that really is, a huge snapback rally in the market today. Even with that, we do still have fears about the coronavirus slowing travel down around the country and we are broadcasting live today from a hotel, unscripted hotel in durham where we will take a look at the Business Impact of the virus in america. One day before this state becomes one of 14 to hold a president ial primary in what is known as super tuesday. We have a lot of politics. A whole lot coming up this hour as our swing state economy series continues here from North Carolina. Were waiting on the president. President trump is getting set to leave the white house to head our way as a Campaign Rally tonight in charlotte. Well bring you a any comments if he s ....