Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
The coronavirus. Acts of kindness well take a look at how volunteers are helping people cope with the stress of the corona far. Less secure live now to the white house where President Donald Trump is giving an update on the coronavirus situation ill and very little meeting he said and from the financial this is a medical situation not a financial situation financial those are moving along very nicely i want to thank you for being here and update you on the progress weve made after a week of extraordinary mobilization in a war against a virus governors mayors the Businesses Charities and citizens are all working with their jency and speed toward one coming goal which is saving american lives. Were in communication with. Foreign countries its now at 148 Foreign Countries can you believe that 100 you talk about a spread you talk about a violence spread 148 countries not even believable theres been a week of National Action and of Great National solidarity people are getting along with get
Package may not be needed. Dow industrials down 76, s p down 4 points and nasdaq lower by 2 and a half this after roller coaster week on wall street where we saw dow industrials go back to bull market territory posting largest weekly gain since 1938. Dow, nasdaq, s p 500 up better than 9 on the week. We are now off of the lows at 20. 54 a barrel, down 97 cents, 4 lower. Cases of coronavirus are rising across the country, death toll topping 1,000 in new york. Mayor de blasio says people who do not practice social distancing in the city can face fines up to 500dollars. A Million Dollars raised fox last night including fox business. More Companies Help to go fight the war on coronavirus. Manufacturing, medical supplies to free flight to healthcare workers. Mornings with maria is live right now. Maria lets check Global Markets this morning as u. S. Searches for direction. We have weakness across europe, cac quarant down 41 and dax index in germany lower by 32 points. European leaders conti
Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The biggest gainer of the three major averages is the cac up three quarters of a spent. More modest advances for the ftse and the dax treasury yields will be watched closely. Treasury yields went into a free fall on the feds report yesterday or the idea that it would be one and done. You can see the tenyear barely held on to a yield of 2 that was the weakest level in three weeks. This morning trading back to 2. 04 . There were two key words that sparked a strong reaction from the markets and President T
Shoppers pile in. And with the chinese yuan and how it deepens trade. We will talk about all of it with you. I am still with mike cohost guy johnson. Walmart said that they were going to hold up no matter what they do and they say invest in your face. Skin care is the key. Guy i did hear that. Alix skin care the trade. Guy my skincare is the best future alix invest in your face. Guy and with walmart which is what you were posing a moment ago, walmart is a good dues good news bad news story. It is good news for walmart bad news for everybody else. I think this is a good news is bad news story. It is bad for other retailers and people get sucked into more good it tells you a lot about consumers that are trading down and what is happening with the economy. It is a good news bad news story. Alix and you have a high end and the low end, the will hold up. It looks like the consumer will be binary. Guy the consumer is totally binary. I think that is the story. That is interesting look at the