Would just like to thank everyone for joining us tonight for a Virtual Event with eric in conversation with janice preventing his book stealing home, los angeles, the dodgers and the life cutting between, were very excited and grateful that her book is continuing to bring authors in their works to our Community Giving this uncertain time, we will be hosting more rituals in the future and you can learn about them on our website as well as our social media our next event this this tuesday april 28 at 5 00 p. M. With leanne dolan in conversation with susan briggs who we havent seen her book the sweeney sisters. Also updates on it fence feel free to subscribe for a newsletter, you can do that by going to the bookstore. Com. This evenings Virtual Event will end with the q a so if you would like to submit a question go to the ask a question button at the bottom of the screen right over there, if you see a question on the list that you would like or interest you to asking our authors to answe
Powell to consult. Recommend people on the call if theyre interested, theres very good book called firefighterring a summary or the crisis and First Responders which gets into n deeply into the individual program. I recommend everybody have a look at over. Ben among other things is a distinguished economic historian, well suited to put this horrible event were experiencing now in context for us. Hell give us a sense today about what will demeanor how deep this recession will be, perhaps how long it will last, how effective the fiscal and Monetary Policy response has been and perhaps what is likely to come, and whether the covid19 recession will leave longlasting scars on the u. S. And the global economy. So ill turn this over right now to ben for his remarks, after which david will pose some questions and then after that some instructions on how the audience members can ask their own questions so many, ben, over to you and thank you for doing this. Thank you, glen. Thank you, everyone
Good morning, everybody welcome to squawk box on cnbc. Im becky quick here with joe kernen and Andrew Ross Sorkin. A gain of just over 1 the dow now at 25,000. Now the dow is indicated up 162 points the nasdaq closed at its highest day. Now about 2 from its alltime high thats the run youve seen since the lows back in march treasury yields. Theyve ticked a little higher the 10year looks like it is yielding 0. 75 crude oil prices yesterday, crude was up about 4 percent on this expectation that opec plus especially russia will extend those cuts put in place that was good for 4 as seen yesterday. Crude up by 1 to 37. 16 all of this against a tricky back drop. It is powering higher well talk to a lot of folks that will help us through this the need for Solutions Former white house and ceo of j j and they have big news on all of this. Getting an update of what has gone on. Reporting a day of mostly calm in washington, Late Afternoon in st. Paul, staging the protesters protesters ran past the
Yesterday. Nasdaq down 2 yesterday dow futures indicated up about 26 points, nasdaq up by 30 and s p up by two. The 10year is yielding 0. 667 andrew we have news out of washington to tell you about democrats unveiling a new 3 trillion spending bill including another round of stimulus checks up to 6,000 per household and extending the weekly Unemployment Benefits that would go through january including 107 trillion to stabilizing rent and mortgages and a cap on state and local tax reductions for 2020 and 2021 of course returning the tax bill that hurt hightaxed blue states that hurt them the hardest saying the relief bill is a big ticket for a big problem House Minority leader called the bill a waste of time and an 1800page of liberal wish list with no chance of becoming law the fight begins the latest update on the efforts to reopen america. California governor announcing next phase of opening including some malls and museums offices that cant telework would be allowed to open with saf
This call if they are interested is a very good book called firefighting summary of the crisis and one called First Responders which is gets in deeply to the individual program. I recommend everyone have a look at it. Over the next couple weeks. Been among other things is a distinguished economic historian, wellsuited to put this horrible event we are experiencing now in context for us. To give us a sense today of what will determine how deep this recession will be, perhaps how long it will last, how effective the fiscal and Monetary Policy response has been and perhaps whats likely to come and whether the covid19 recession will leave longlasting scars on the u. S. And the global economy. I will turn this over to ben for his remarks after which david wessel will pose questions and i think after that there will be instructions on how the audience members can ask their own questions. Then come over to you, thank you for doing this. Thank you glenn, thank you everyone for joining us this