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The new world and is stored with low economic data, wall street reversing in just the last hour, we have been down in some cases triple digits but now we have the Dow Jones Industrials just down about six points, s p down to, the nasdaq has punched into positive territory. What is this mean, market legend mohammed is about to tell you if he thinks the worst for the market has finally passed. Plus ill go oneonone with Energy Secretary, just as oil pushes back about 29 per barrel. We mentioned nascar, nascar about to drop the green flag once again this weekend, nascar president is here as engines begin to rub when nascar becomes the first major sport to get back to action since the Coronavirus Crisis began. But what will change prewe will tell you. Even the april retail spending collapse, there is one piece of ....
Program. Democrats said it stops right there. They want added items that would no doubt be taken up in the house of representatives. Thereby substantially increasing cost of that. But the real catalyst for a lot of this as far as Financial Moves is no less than the Federal Reserve because 2. 3 trillion has been thrown at everything from the fed, shoring up support for small and mediumsized businesses to buying mortgagebacked bonds. Buying a lot of junk bonds. Just, anything they can get their hot little hands on. The junk bond thing is kind of interesting, folks. You might recall in the financial meltdown, we had these mortgagebacked securities. Remember they would pool mortgages, even iffy ones into a package of securities you could buy, mostly like a stock. When things are turning south, no one wanted to buy them. The F ....
Begin to open questions about what does that mean, what are the risks inherent in that absolutely, rick, this is an issue that markets are paying attention to but again, both the commercial paper funding, if we get a facility, a similar way of trying to provide liquidity to markets and make sure companies can keep the doors open would certainly be steps forward to make sure that corporate sector doesnt experience too much stress as a result of this excellent thank you for your thoughts. Were running light on time and we will have you back as this proce progresses back to you. Good tuesday morning. Im Carl Quintanilla here at post nine of the new york stock exchange, Morgan Brennan at headquarters, jon fortt heads our coverage from the floor of the nyse compared to yesterday, relatively stable action no Circuit Breakers ....
Resolve. The region welcomed the offer of conciliation just last week the u. S. State department to tear down that it prefers to stay out of the dispute but says korean protests against japan have increased at the Japanese Embassy in seoul a demonstrator wearing a mask depicting japanese Prime Minister shinzo was symbolically slapped in the face. And large supermarket chains have removed japanese products from their shelves the conflict threatens to develop into an emotional costly economic war that affects more than just the electronics industry. Joining me now in the studio is 5 democrats maher hes our correspondent in south korea currently on a brief visit to berlin welcome to you now if i mean this is a historical conflict with very current consequences could you tell us what it is that the 2 countries actually want so if you to understand that conflict we have to go ba ....
Resolve. The region welcome to the offer of conciliation just last week the u. S. State department to tear down that it preferred to stay out of the dispute but says korean protests against japan have increased at the Japanese Embassy in seoul a demonstrator wearing a mask depicting japanese Prime Minister shinzo was symbolically slapped in the face. And large supermarket chains have removed japanese products from their shelves the conflict threatens to develop into an emotional costly economic war that affects more than just the electronics industry. Joining me now in the studio is 5 democrats maher hes our correspondent in south korea currently on a brief visit to berlin welcome to you fog and now talking this is a historical conflict with very current consequences could you tell us what it is that the 2 countries actually want so if you to understand that conflict we hav ....