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Could you try to outline what the third inning, fourth inning or fifth inning might look like . We have already talked about Small Business lending. We will go to congress and asked for a significant increase. I have spoken to the speaker about it. Mitch mcconnell about airlines. We will deal with things as they come up. Certain authorities we have, certain authorities we dont have. Reporter [indiscernible] nuchin we have taken comments from them and yes we will have the support. Reporter do you have concerns about the supply chain right now . There are concerns for the chains to be interrupted. Sec. Mnuchin there are areas of the economy that had been hit hard immediately. There are areas that are the best it has ever occurred. From the date as i have from the credit card companies, travel spending his way down, spending on supplies, food, medical, pharmacy has almost offset that in a short term. Issues the task force is focused ....
For several hours, there are reports that the stimulus package now being prepared maybe the first of many, in other words, congressman Congress Rather and the administration will throw whatever they have at the virus problem. The fed is pumping a trillion dollars into the economy and that appears to be helping market sentiment. Green across the board there. All of them up limit, 5 up. Lets see how we open at the market this morning. Now, again, when we open this morning prices will be freed up so we can move up from the 5 gain and looking at etfs, here is anxiety indicater. Do you realize it was 1. 3 a few days ago . Gold this morning i believe is down a little bit more. Okay, we will find it. Look at the average price of gasoline. 2. 30. Ten cents lower than a week ago. Gas is falling really fast. I call that good news. The whole country maybe slowing down as we separate out but the virus news coming quick and fast. The wife of ....
Ill admit, im just the same as i was. Now, dont you understand. That im never changing who i am. Cheryl we are here, welcome to fbn a. M. Good morning everyone. Im cheryl. Lauren good morning. Welcome. Im lauren simonetti. Cheryl all right. Lets take a look at how your money is doing this morning. Lets take another look at futures. Its been a week, right. Another loss for the dow and s p yesterday, both down five days in a row. Right now, we do have more red arrows. The dow was down 400 overnight. This is an improvement. The dow is down 133, s p down 16, nasdaq is down 42. By the way, a lot of retailers reporting before the bell. We have best buy, jc penney to mix it up today. Lauren its a coronavirus driven market. The price of oil is at 47, 93. Down almost 2 right now. Gold of course flight to safety, at 1648 an ounce, a gain of 5. Goldman sachs sees gold topping 1800 in the next three months. Cheryl we have seen a flight to safety into treasuries. Right now the yield is actually dow ....
Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham a ....
Street journal, first on china, greg, everyone seems to think that if you dont get a deal, if you can push back tariffs, for now that might be just as good as one, what do you think . Certainly we are past the days where every sickle things got worse, things look worse, the markets took it on the chin, we are now in a stage where things arent getting worse, thats okay, nice if we got better, nice of phase 1 deal but honestly just like staying where we are is satisfactory for the markets. I think, neil, the way to think about it on the trade front we reached a new equilibrium, higher uncertainty, more unilateral action but the markets having sort of got use today the new equilibrium and will take it hard if the equilibrium gets worse. Neil lets say we dont get a delay on tariffs, i imagine that would not be well received . People are putting 75 probability that we delay the the december 15th tariff increases that would be my expectation as well, i dont expect things to be terrible. Neil ....