Wilford frost in this final hour of trade markets rallying again today, stocks at their highs of the day around 3 , although we did see yesterday anything can happen in the final minutes or hour of trade. It can evaporate at a moments notice 59 minutes left. Driving the action this hour, encouraging numbers from the u. S. As the government lowers its projection model for the devastation from coronavirus and after fauci says the government is planning ways to, quote, ease back to normal fed minutes out from the last meeting showing the u. S. Central bank intends to keep rates near zero until the economy has weathered the Coronavirus Impact and senator Bernie Sanders suspending his president ial campaign, removing a mesh huasuf uncertainty before novembers election coming up on todays show, well speak with mark cuban. His read on how Small Business is faring and this i take on the market volatility ahead. And the ceo of etsy will join us as many etsy sellers pivot to homemade facemasks w
Up for today. Were going to look at all of todays market moving news from new york and london. We want to begin in washington were the Trump Administration stoc struck a deal on a rescue package. Mitch mcconnell says it is an historic plan. At last, we have a deal. After days of intense discussions, the senate has reached a bipartisan agreement on an historic relief package. It will rush resources onto the front lines of our Nations Health care fight and will inject trillions of dollars of cash into the economy as fast as possible to help american workers, families, Small Businesses and interested and industries make it through this. Alix joining me is kevin cirilli. Walk me through what is in the bill and what to expect. The deal will likely pass within the next 48 hours. They are bullish to get this done. 500 billion for Large Companies as well as corporations bailout cash for industries that have been impacted by the economic effects of coronavirus. 350 billion for Small Businesses.
Alisters including Angelina Jolie Gwneth Paltrow come as weinstein is accused of rape. Zuckerberg says hes sorry after posting video with avitar, the markets under selling pressure this morning. Take a look. Dow industrials, s p, nasdaq all pulling back from yet another record high yesterday, major averages expected to be down just fractionally at the open. In europe major indices look like this, its a mixed story. The dax index is higher. In asia overnight markets were mixed at the close, japan, nikkei average hitting a 20year high with gain of just about a quarter of a percent on the session. Kospi adding to the gains up another 1 . Big names set to record report earnings, delta airlines, thirdquarter earnings beginning this week. Dont like the car, send it back. Hyundai will rave up consumers. The shocking disappointment for stars and stripes coming up. All thats coming up this morning and joining me to talk about it all fox business Dagen Mcdowell and kevin kelly and aim ji amy hol
Drive. Ems evaluated the driver. The driver will make a full recovery. Also this morning, crisis averted at least for now after a budget showdown on capitol hill. Congress agreed to a funding bill last night. It is a. M. Trillion dollar compromise and a vote could come as early as midweek but did President Trump get what he wanted . Fox5s Melanie Alnwick is live on the hill with the details now. Mel. Reporter well, steve anda allison its been a busy weekend. They passed a one week extension of sorts and then last night came to an agreement, a framework of a deal that must still be voted on. Must be enacted by the end of the week. It is really just kind of kicks the can down the road for another five months but at least it is something that is said to be a bipartisan piece of legislation. A compromise. Something we havent heard a lot of these days t. And it does that fund some of President Trumps Budget Priorities though perhaps not in the way in he may have envisioned. Lets talk first
The euro stocks. Gold not catching that much of a oilin the commodity rout in david at 8 00 a. M. Eastern time, european leaders begin a twoday summit in brussels. They will discuss security, defense, migration and jobs. At 8 30, we get data for jobless claims in the United States. Powell speaksme on fostering Economic Growth. Later today, the Federal Reserve releases the results of part one of its annual Bank Stress Test coul. Jon Prime Minister may is set to meet eu leaders in brussels for the First Time Since her disastrous election. Expected to outline how britain will treat eu citizens after it leaves the block. Walk us through the orchestrated theater of this particular summit. At this summit, they will be talking about a lot of issues that wont be the main focus. Security obviously is a huge issue for the eu. They are all waiting for theresa may to propose exactly how she plans to deal with eu citizens that live in the you can post march of 2019 the u. K. 2019. Rked of 20 march