The economy continues to rage on. I will get reaction from trump attorney jenna ellis in just a moment. And what did china really know . Was this virus released in a lab . Where does our relationship with the country of china go from here . I will get answers from Florida Governor rick scott. All that and more on making money. Charles well another morning of disappointing Bank Earnings and reminders of just how quickly economic carnage can pile up when you shut the economy down. But markets continue to also exhibit some spunk and attract buy on dips even on bad news, folks. So what is motivating markets . I want to bring in money map suppress, Keith Fitzgerald and point view Wealth Management david dietze. Keith, let me start with you. The dow is down. I dont consider the dow fob the market. There is no google, amazon, facebook or utilities and boeing has too much influence. S p for the most part higher. Nasdaq soaring what do you make of resolve were seeing these days versus two or th
This rally is coming after the Senate Approved a record two trillion dollar plus relief package but well have the latest from capitol hill, what it means for Small Businesses. What does it really mean for you . Well have all that and a lot more, coming up on making money. Cheryl we start with one of the reasons the market is powering higher. The Senate Passing the massive 2 trilliondollar coronavirus stimulus bill overnight after days of deadlock. It moves to the house and then the president s desk. Hillary vaughn with more how the bill could affect you at home. Hillary, a lot of wrangling to get here . Reporter thats right. House Speaker Nancy Pelosi said she had to do jujitsu to get where her caucus would support it. It gives cash directly to americans. If you give up 75,000dollar a year, youre a single filer. Direct payment of 1200 a couple, making combined income of up to 150,000 youre getting two times that but americans waiting for the money have to wait on the house to pass the
Marsha blackburn coming straight up. There are mixed messages from doctors, government officials, what do we know and what do we need to know . Reaction from former hhs secretary tom price in just 30 seconds. All that and so much more on making money. Charles just a few seconds ago the dow was off 2200 points t exploded to upside after word came the new york fed is increasing treasury purchases. It is a massive program. Nevertheless the s p 500, nasdaq, entering bear market territory. The dow officially, 11 year bull market is over. All three indices down 20 from the recent highs just touched three weeks ago. President trump commenting on the market just a while ago. We have a lot of things that were working on with the Financial Markets and, its going to work out fine. You have to remember the stock market as an example is still much higher than when i got here, it has taken a big hit. It will bounce back and it will bounce back very big at the right time. Charles lets bring in edward
Fields. So many things are happening. It is a very exciting time for, for medicine. Cheryl talk more about that later. Questions about the virus are growing from our kids to home surfaces. Well separate fact from fiction for you. All of that and a lot more coming up on making money. Cheryl our top story, the White House Coronavirus task force wrapping up another briefing today on a roller coaster day for these markets. Blake burman at the white house. He has a lot more. Blake . Reporter cheryl, we rant into the Vice President s chief of staff, marc short. There are a lot of questions about the phase three stimulus program, the trillion dollar package the white house is trying to put together to coordinate with capitol hill. He told us they believe this could potentially put together and signed by next week. As you heard the treasury secretary Steve Mnuchin tell Maria Bartiromo earlier this morning, part of that package entails 500 billion worth of direct payments to americans. The trea
All that and much more on making money. Charles an indifferent session became one of high anxiety and selling. There is debate what is impacting the market most. First the World Health Organization held the coronavirus update, noting that iran finally reported numbers of those infected including two deaths. The doctor portrayed a race against time arguing the window of opportunity to contain the virus remains open. He urged everyone not to squander the chance to arrest this situation also noting that the window may close. That coupled with reports that u. S. Hospitals are gearing up for a pandemic triggered the selling. Then there were also comments from fed vice chairman Richard Claire reed today, who threw cold water on potential fed rate cuts this year, noting that the u. S. Economy is strong and in his opinion most Market Participants dont expect rate cuts this year. Weve got some major Market Participants who will weigh in on that. Meanwhile the selling is swift and has since stab