Stay updated with breaking news from Mario parker. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
We will bring you that as well as remarks from some of those mr. Biden had to beat to get the nomination, including former mayor Pete Buttigieg. He will speak in just a few minutes from now. We welcome Bloomberg White house reporter mario. Give us a sense of what joe biden has to do tonight and what he wants to do. What is a win for him tonight . Mario obviously in his 50 year career in washington this is the biggest moment of his political career. This is the biggest speech he will be delivering tonight. His Campaign Said earlier that he will lay out is positive vision for the country and reaffirm his core belief that he can unite this divided nation. So anything that would hit that note would be a win for joe biden. David who is he speaking to . He is speaking to all of us but who is the target audience. If there is on ....
We had a very, very strong economy, and then we were hit with the virus that knocked everything. He reacted quickly. He closed the border from china. Then he closed the border of those coming in from europe. And he went right to work setting up the task force to study the virus. This virus was perplexing. No one knew what to do at first. We did close the country. We shut things down because we tried to get a handle on it and didnt want to overwhelm our medical systems. And once we got that under control and started to change the curve on the virus, the president realized and he knew that the economy would be killed if we didnt start to reopen. So he worked the scientists to get regulations or suggestions to the governors on both sides of the aisle on how to open up and get the economy back on track. You are seeing that working. With the past three months we have created almost 9 million jobs. We came out of a great recession. By comparison, it took four years to create 9 million jobs i ....
Huawei. The s p 500 down 0. 9 . Dire Economic Data followed by confidencey good data, according to the Michigan Consumer sentiment data. But we are checking the innards of those data to see what is going on there. The 10 year yield at 63 basis 28. 53, up crude at a good 3. 5 today. Lets get to europe. Germany plunging into recession, gdp falling 2. 2 in the first quarter. Bloomberg has been speaking with executives of German Companies about the pressures caused by the pandemic. Have a listen. The times are turbulent and they are complicated. The real question everyone is asking, how quick will be recovery come . The uncertainty remains. There is still very much uncertainty, so from that point of view, we remain kind of cautious. I think it is too early to call an end to the globalized world. We assume a ushaped in ar ....
Sectorsre your main leading the rally today. We should mention this is unlimited volume as well. It is up 11 . In the case of the dow and s p lower than it was a day ago. Passover begins tonight. We might see limited trading. Friday is a public holiday. Monday there might be people off. Jay powell is speaking, and that might provide some catalyst for market pricing. Romaine joining us is christina from invesco. ,hen you look at these rallies it is an encouraging sign, but the market seems to be very focused on the virus data we are getting, the number of deaths and what is a decline in the number of new cases in certain regions. The market will start to focus on little less on the virus count, and focus more on the economic numbers, corporate profitability, the more traditional metrics, and is it going to matter knowing that we know it is going to be bad . Kristina that is the point you are making is right. It is going to be bad. The market is likely not to focus on it which is the rig ....
Down 5 on the day. It could have been worse. Volatility was all over the map. There was passage of the first firstrs bill, stimulus bill. The bill has passed of the house and it will make its way to president trumps desk. This is a . 5 billion that is a spending measure 8. 5 billion but is a spending measure for the response. The big bazooka everyone is looking for is what the treasury secretary Steve Mnuchin has been talking about, a multihundred billion dollar if not trillion dollar stimulus package that could include everything from loans to loan forgiveness and not just cutting checks to Everyday Americans as well as businesses. That is what the market is looking for, not just response out of the white house but some sense the measures that are being taken are going to be wide enough in scope and scale to try to address this crisis. Emily thank you. I want to dig deepe ....