The nasdaq above 94 on weakers trailing sterling. The European Council president had to quarantine because of a covid19 test. Pretty in europe and britain. Back here, jay powell and treasury secretary Stephen Mnuchin testifying before the House Financial Services committee with chair powell saying the economy has a long way to go and will likely need further fiscal support. Secretary mnuchin saying another round of stimulus should be targeted at kids and jobs. Joining me now is greg valliere, Agf Investments chief policy strategist. The secretary said there was bipartisan support for further stimulus, so why are we not getting it . Greg i think nancy pelosi and the democrats wanted at least 2 trillion, and that was too much for the republicans. Vonnie at the same time, there should be some kind of mechanism for getting to a neutral place. What are the obstacles for the republicans coming down a little bit, democrats staying where they are . Greg it is maddening to see this. Frankly, if
Not before the bears came out swinging on news that 22 states now see increase in coronavirus cases and hospitalizations, as social gatherings seem to be replacing social distancing. Ridesharing startup via found itself in the middle of the covid19 reopening whirl wind already forced to up end its entire carpool model and the uber lyft rival faces another curve in the road as the virus rears its head again, and we have a fox business exclusive on why theres opportunity versus calam ity. This is the debate over restaurants reopening rages on crowded scenes like this one leaving new York Governor Andrew Cuomo to threaten new lockdown orders. Coming up the secret weapon helping everyone with restaurants to the nfl declare victory against covid19. No wonder their product is sold out right now. And whatever you ordered online during the pandemic, theres a good bet bubble wrap came wrap ped around it as its stock charges 25 higher quarterto date. Were about to show you how bubble wrap king s
We look at Dollar Strength and yields moving. Taylor if you blink, you missed it yesterday we had the fourth halt on the s p 500. Down p fell 7 and it shut for 15 minutes or so. We were able to close off of the lower bound. The bloomberg Dollar Strength also hitting a record. Cash is king. Francine we will talk a lot more about that. Its get straight to the bloomberg first word news. Senate passings. The second major Coronavirus Relief bill, President Trump signed any it into law signing it into law. Lawmakers are rushing to come up with phase three, a comprehensive rescue plan the administration estimates could cause cost 1. 3 billion. The u. S. Federal reserve and a dramatic late night step to help funds havets, the been under pressure because people are rushing into cash. A surprise move from the European Central bank, launching dollargency 820 billion Bond Buying Program to battle the coronavirus outbreak it will allow the ecb to focus purchases on italy and other struggling govern
On this busy day, weve got full team kovrnl like you could not get anywhere else. Bertha coombs at the New York Stock Exchange Steve Liesman digging into the Economic Impact and meg here with the larapid response from companies. Dow down more than 1000 points b Bertha Coombs is there for us. Hi hi, kell lichlt the dow taking out its january lows today and dropping below 28,000 for the First Time Since december chip makers among the biggest losers today the surge in cases now in south korea, weve also seen the consumer names, tap tri leading the sell off while carnival crashes. Health insurers, its about medicare for all about Bernie Sanders put in a decisive win following a big win in the New Hampshire primary. That sector down 9 from last week finally, bucking the trend at the opposite end, gilead hitting a new high with Health Officials siting process on the ability to treat the drug and clorox, but guys, keeping things clean is the first line of defense against infection. Thank you
Call on ge why he says there could be more turbulence ahead its our call of the day and michael farr is unveiling his top ten stocks for 2020. Part of halftimes game plan to get you ready for the new decade Investment Committee is ready to go Halftime Report starts right now. Welcome good to have you with us on this friday our Investment Committee, jim, josh, steve weiss, jenna, the chief Investment Officer at boston private wealth. Michael farr is the ceo of farr, miller and washington. Also with us today onset, keith banks, the head and vice chairman of bank of Americas Solutions group. Stocks are hitting more highs. Could be the first eightday winning streak in more than ten months we have news happening at this moment on boeing our phil lebeau has it scott, this involves united airlines, which is one of three u. S. Carriers that flies the 737 max. It has announced that it will pull the 737 max from its schedule through june 4th, which means when you look at the u. S. Airlines and w