White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Says the economy will take off quote, like a rocket ship when it reopens. The questions, though, are when will that be and what will it look like. The market is asking those very same questions as it searches for direction this morning. More green on the screen but again, markets want to know how much economic damage has been done. Meanwhile, moodys says economic output fell a staggering 29 in the first week of april. That is compared to march. That is the first full week of true social distancing rules in place across the country, and that was the result. Down 29 . The other big story of the day, the w. H. O. Is under fire from President Trump. The president saying he may freeze funding to the organization over its response to the pandemic. This is happening as we get more clarity on what may be in a fourth stimulus package. President trump wants 250 billion more for Small Business. Senator schumer wants a 25,000 bonus for front line heroes Like Health Care workers. And we also have s
[laughter] ashley thank you very much, charles. By the way, i drove a jalopy, and it wasnt a collectors item. Its been a gradual and small downturn, stocks slowly retreating right up until 2 p. M. Which is when the Federal Reserve released the minutes from its policy meeting last month. The reaction has been pretty mute after the minutes revealed what we already knew, that the Federal Reserve is still fully daydependent, and its next meeting will remain a live one with inflation still too high. They also, the fed appears a bit divided, theyre not on the same page. The minutes also a reaffirming that the fed does not see a mild if recession at the end of this year, but theres still significant probability for one in 2024. But it is the retailers that are making some of the biggest market moves with a surprising day in the green for target despite cu cutting its fullyear earnings forecast. Now investors also happy with tj maxx and marshalls participant Tjx Companies which beat on the top
and you re gonna hear me roar lower than a lion mckitty is roaring and so are the jobs. john is in a moment. the roaring kitty who single-handedly drove up meme stocks like aim stop breaking his silence after 3 years today. you should keep your eye on stuff. reserve the right to change her mind about stuff just like i do. don t follow anyone blindly. nothing on the stream is advice. hopefully you know that. not everyone does but more getting to know it now. internet influencer position didn t gamestop hoist to be worth close to a billion dollars until gamestop plunged close to 40% today giving back a lot of the big gains he s been experiencing but exactly who is this guy and how did he become so influential in the first place? a lot of people ask that. i m neil cavuto. let s get it with kelly grady on all the attention. kelly o grady on all the attention he s getting because he s back after 3 years. what s going on. this is 1 of the more wild i guess we have t
horseracing. thank you. afternoon. i m trace gallagher in for martha maccallum and this is the story. south carolina senators tim scott a potential ep candidate is here live has former president trump whittles down his list and announces when he s revealing his pickton clay travis and hillary clinton equating the day with the 2024 election. but first hunter biden may take a stand in his gun trial following an emotional day in court. his daughter naomi testifying she never saw her father do drugs when asked if she knows what that would look like, she answered i guess not. we are told the first lady who again sat in the courtroom appeared upset after naomi s testimony. president biden saying this about his son s legal battle. watch. will you accept the jury s outcome, the verdict the matter what is? yes. have you ruled out a pardon for your son? justice correspondent live outside the courthouse in wilmington delaware. david good afternoon. good afternoon. jurors sent