Go, it is the only index that is higher for the year. Lets bring back our investment strategist at allie on global advisors. Something romaine mentioned, the low volume. They, down about 14 versus average. In may and gosell away. How much can we rely on these doesnal trends to work, or that go out the window because we are in unprecedented times . Coincidentally, we are at a point where markets are at a bit of a crossroads here. We are just beginning this reopening process. Very much the coast of the country, where the High Economic stillnancial hubs are, largely closed. There is a lot of uncertainty on what lies on the others of this process. I think the market move does put us at a point where we may be priced to a very positive or at least the baseline stable scenario. You is interesting, and probably noticed this as well, but the dichotomy in the market from a sector by sector perspective is striking. Financials, energy, industrials. These are sectors you would expect to start movi
New york City Real Estate will join us to tell us how he sees landlords managing renters who have shut down their businesses. The chairman and ceo is scott recker, he will be joining us. And judge will be here as well taken us through unique coronavirus cases going through courts. In the meantime breaking news, Drugmaker Mylan is voluntarily waving the u. S. Distribution rights for a generic version of an hiv antiviral drug so its available to patients with coronavirus. The stock is down, it allows other generic drug makers to apply for u. S. Approval as well, we will keep you uptodate with those headlines, i just wanted to bring you the breaking news. Checking in on the retail sector, walmart one of the biggest loggers on the dow, investors are pivoting away from stocks seen as recession proof and target lower despite a strong report on sales trends withdrawing earning drawings and nike, sports versus China Business has come back, it is about 50 of the revenue from china, ross stores,
As the stock plummets 11 and is now at just 10. 35, american is also offering voluntary buyouts to employees. That leads to this question. Are we looking at a Global Travel depression . The ceos of hilton, United Airlines and Royal Caribbean cruise lines all sit on the board of one Organization Called the world travel and Tourism Council. The ceo of that council is live in a fox business exclusive from london, where the famed tube, londons underground subway, is now closing down stations. Will london lock down and what does the future hold for travel . Despite americas troubles, the markets are bouncing back from yesterdays selloff. Weve got another volatile session. At one point, down 721 points at the low, the dow has now swung more than 1200 points, currently we see gains of 237 points. The s p climbing higher by 30. The nasdaq is up 254. Plus we are going to speak to the nations largest Medical Transport company about how it is preparing to move coronavirus patients from one place
49. 1 billion in discretion fundi funding and the disaster of the relief fund. Today we welcome chad wolf, the acting secretary of the department of Homeland Security. Thank you for being with us. Mr. Secretary, the fy 21 budget proposes 49. 7 billion in discretionary funding for the department of Homeland Security. This is a cut of 750 million below the current year level. I want to be clear, absent of any in acted law to affect such a transfer, this subcommittee will continue to include funding f for the secret service. When including funding for the secret service for the total, the budget request for fy 21 is 1. 78 billion above the current year level. There is something of the proposed budget that i believe will find strong bipartisan support. However there are also proposals we should not expect to see funded in the house bill. Among those are funding for border barriers and the expansion of capacity. Particularly in light of high priority needs that just continues to hire custom
[000 00 35;00] you are fighting with us. Do you remember our conversation today in soraya documentaries with iranian businessmen in the workshop, who said about the Economic Opportunities of irans presence in this country, due to the lack of attention to these opportunities, mr. Mohammadi happened to be one of them during this trip. I also saw someone who liked it and i will bring it up. It was good. They left it, which means they forgot the happiness of these areas with this high potential. Now for some reasons i dont know that there are millions of people in this country, this region has a high potential for agriculture and industry, and Road Construction has never been seen better. They are working hard for years, and we hope that this trip will be fruitful for this country. Continue to find out that my country has a lot of potential and the regions discomfort. Why do you think that the countries around the countries with this potential will really work with this in the agriculture