To talk about the vote, the guard rails that are put in now for Small Business loans and what phase four could really look like. Government money, though, will not save Neiman Marcus from the crushing effect of the covid19 epidemic on retailers. The High End Department store chain could file for bankruptcy, some say at any moment, could be by the end of this week, but can saks save it . The former chairman and ceo steve sadove on that and whether we are witnessing the death of the Department Store. Tonight is the first live major sporting event since the virus shutdown, all of the leagues, the nfl, mlb, nba and its the nfl draft, okay . Yeah, its a sporting event, is it not . No touchdowns are scored, though, unless you count the hundreds of millions of dollars flying around to potential picks. We are less than an hour to the closing bell on this thursday. Lets start the claman countdown. Liz we begin with breaking news and it involves amazon. Amazon is denying a bombshell report by th
Check futures, dow futures right now in the red to the tune of 360 points, nasdaq futures down 110 and s p futures lower by 40. Oil prices under pressure this morning. The International Energy agency warning that demand could plummet to less than 25 years. Airlines reaching a deal for Financial Aid. Mornings with maria live. Striking a deal Oil Producing countries agreeing to cut output by 9. 7 millionbarrels a day in an effort to stabilize the price of crude. President trump weighing in on much anticipated agreements. Countries around the world will cut Oil Production by approximately 20 millionbarrels. People are saying 10 million but we think the number that theyll actually hit is closer to 20 millionbarrels a day. This historic action will help americans supported by the oil and gas industry. Saudi minister say the cuts will amount to 20 million a day and confirmed what President Trump just said when taking into account policemens by other g20 nations and preserves. Prince abdulazi
They need get home and get safe take a look at your screen we put a list on your screen of the stores that are stepping up with this initiative for not only elderly people but also those with you compromised immune systems you can see whole foods will leave an hour before open just for these people to get in there safely will have time set aside from 7 until 9 in the mornings tuesday and thursdays target as said im here right now well have the first hour of being open as well as Dollar General this is going to be tremendously helpful so for those who are most susceptible to the virus making sure that they wont get infected. Now that they can get in there avoid lines in crowds. And the store will be most stocked at that time one more local Grocery Store in san joses ins autos market was ahead of the curve they were the one of the first stores in the bay area open early for elderly people and those susceptible take a listen to how theyve been working with this. Pace with us during this p
What they need so they can get home and be safe take a look at this video though you can see the line of people about a dozen people in line this morning waiting for the store to open and when the store doors did open the ploys made an announcement to everyone saying hello everyone, this is what we have this is what we dont have and by the way for the first hour we are making it just for elderly people and for those who have compromised immune systems, however, the whole line went in and it was a people of all ages i asked an employee and he told me that they cant stop people from going in. But its really recommended that people left that hour before those most vulnerable. So hopefully you know this is the first one day they could be doing everyones day hopefully the word will spread of people actually give this hour for those Vulnerable People now take a look at your screen target is not the only company doing this as well there are other Companies Like whole foods and you can see on
That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down