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Perform for fans. Sairst. Patricks day, as did country only on cbs this morning we utntertaining a selfisolating world. Singer luke combs. Yay, john. Its wednesday, march 18th, 2020. Well have the latest updates on the coronavirus right after todays eye opener, your world reporter combs said he would do a livestream performance in 90 seconds. Every week people are 15 days. You can do anything for 15 days. Selfquarantined. Stay at home as much as legend also teased plans to possibssib limit the spread. We do not want to look like release new music. Just so you guys know, i am italy does. Reporter throughout the going to put out a new album u. S. , coronavirus continues to this year. Spread. Oh, my god, thank god. Infections are confirmed in all 50 states. The selfishness of people who reporter before wrapping up with his number one hit. Are not taking this seriously is its just maddening. Reporter President Trump you are all of me ....
Capital hill testimony from fed chair Jerome Powell where hi alled a potential cut in Interest Rates later this month. Health care stocks also contributed to the rise. We willhy explainn a moment, but first the closing numbers for this thursday with the ge Industrial Ave gaining 227 points to 27,088. The nasdaq was down six, the s p addedix bob pisani has more on the recordsetting day. Reporter another day,ot r market milestone. Investors cheered comments from the Federal Reserve signaling that a rate cut is likely just ound the corner. The dow crossed about 27,000 for the first time today and the s p 500 movedust to the edge of 3,000,nt fraction of a poi below it. Close enough. What a difference five yearss. Ma the s p has moved 50 in less than five years from 2000 ....
Jay powell is also losing patience and is ready to cut. The dollar fell against most major peers. The s p 500 is near a record. Xi jinping heads for historic talks in north korea. Beijing says its influence on the divided Korean Peninsula remains significant. Kathleen we are starting on the bond market because that is where we saw the action, really saw the reaction to the Federal Reserves decidedly dovish turn. Side of your screen, you can see the big move down. We had the 12 basis point drop in yields. 1. 74 . , jim bullard,ove president of the st. Louis that, saying the fed should cut right now, today, really putting some fire into treasuries. As for stocks, your alltime high for the s p 500, these are not big gains, but these are gains, nonetheless and we have seen s p futures pointing to a. It of a decline if you look at fed funds futures, that that is they could defi ....
We have one guest says the new deal makes him want to vomit. Leaders Mitch Mcconnell and Charles Schumer reach a deal. Addressing ongoing opioid crisis, bottom line a rare event in washington. Was bipartisanship. You dont see that too much these days. You know what . It is going to cost us. It is going to cost us big time. Money we do not have. Adam shapiro live on capitol hill with the very latest. Hey, adam. As you said, you might call this historic you have the bipartisan deal in the senate but as we break this down theyre talking about hundreds of billions of dollars in new spending that raises the cap on not only defense spending, to over600, roughly 50 billion in fiscal 2018 and possibly more in 2019 but also on the domestic side t adds, 100, i think 50 billion over two years to domestic spending. We heard from senator schumer about that it provides money for disaster ....