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Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mo ....
And transportation secretary elaine chao held a News Conference to announce their effort to block california from setting its own fuel economy standards. California reached agreements with several automakers that were stricter than federal regulations. This is 30 minutes. Thank you also much for being here. Administrator Andrew Wheeler and i are so pleased to announce a major step forward in President Trumps plan to help ensure that more americans have access to safer, more affordable, cleaner new cars that meet their families needs. Two and a half years ago, President Trump spoke with autoworkers in michigan and said that we would review and revise the last administrations unattainable fuel economy regulations. Making cars more expensive and impeding safety beca ....
Our team of experts has been jointly working together, conducting a long, thoughtful, detailed review of these rules, and todays action is an important down payment on the president s commitment. The one National Program that we will ensureng today that there is one and only one set of National Fuel economy standards, as Congress Mandated and intended. The authority to opt out of the nations rules, and no state has a right to impose its policies on everybody else in our whole country. To do otherwise harms consumers economyges the american. It should be noted that this rule only applies to fuel economy. It will not affect californias ability to refocus its efforts on fighting the worst air pollution in the country and comply with existing regulations. Weeks, we will also be publishing the second the safe vehicles rul ....
Live now to Andrew Wheeler and transportation secretary eland chow talked about the Trump Administration sent it to stop california from setting stricter fuel economy standards. Live coverage. In bringing together all of the components to complete this important step on behalf of the present for the american people. She is understood since this process began in 2017 the enormous benefits for consumers and especially the safety. I know she is in the engagement shortly following this across town so please join me in welcoming secretary chao. Secretary. [applause] hey, good morning. Thank you all so much for being here. Administrator Andrew Wheeler and are so pleased to announce a major step forward in President Trumps plan to help ensure that more americans hav ....