Too quickly could lead to further outbreaks. Today the head of the Federal Reserve said americans must feel comfortable returning to work, and that he said would take a sensible plan, including testing, treatment and a vaccine. And as we come on the air tonight, more than 91,000 americans have been killed by the coronavirus in the u. S. , and there are more than 1. 5 million confirmed cases nationwide. At a Cabinet Meeting late today, President Trump did not back down from his decision to like hydroxychloroquine, a malaria drug the f. D. A. Has warned is not safe or effective for treating covid 19. The president called a study showing a higher death rate among veterans who took the drug phony, saying it was a trump enemy statement. Well, theres a lot of news to get to tonight and were going to begin at the white house. Cbss weijia jiang leads off our coverage. Weijia. Reporter all day President Trump stood by his decision to take hydroxychloroquine and even called on cabinet members du
The market did give back gains we had seen earlier in the session. Part of what we had been seeing with wti prices. Oil prices up. Wti potentially having seen the worst. Talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3. 5 . 23. 40 it has been a long time since weve seen these levels, andrew. It is joe, or becky. We may have to get tacos for joe at the end of the month. Dont worry about me, andrew. Thats like 6 for 12 tacos. What we have to worry about is the hypo allergenic malte opinion poo or whatever. I told you id be happier to see stocks higher so i could buy my own dog i thought, wait a second. Doughnuts for andrew taco bell. Then she slips in the hypo aller againic labradoodle. Shes smart. Andrew, where are we at we could be at 3,600 or 1,100 by the end of may who knows the reason i said that. Over time, i would have never bought stocks on may 1, which makes me think i should have well see. By the end of may, well it may be obvious to buy on
Dow only gaining 69 points, s p climbing. 35 . You got to wonder if the buyers are simply stooges are they ignoring headlines like fallout deep yeps for u. S. Strike that was from the wall street journal. And these headlines were as wide as you can get have we forgotten that iran vowed to get revenge for the assassination of its mastermind, general Qassem Soleimani are we whistling past the graveyard of their inevitable retaliation . It sure feels that way just a short 12 hours ago, the s p were looking down 1 news on the trumps adtrati administration 200 point dow jones deficit. What a comeback. So whats going on here . All right, look, im willing to suspend my belief that perhaps the markets wrong and give you some ideas because there could be many different forces at work first, investors have learned that these kinds of events tend to be buying opportunities since President Trump took office weve actually had three conflictrelated selloffs while they may have seen disturbing at the
For. The major averages boostedro monthly gains. It was their best in five months and it came despite todays pullback. The dow fell about 112 points. Were at 28,051 now. The nasdaq was down 39. The s p blipped12. For the money the indexes saw gains of. 3 or mo dominic chu starts us off with a look at nos big gains. The rngords kept roln for the month of no november, a month that saw historically high levels for the sch 500nd nasdaq add traders zed to accentuate the positive with market headlines. On balance, theres bin contract mentally positive news on the trade war betweenhe u. S. And china, but no firm phase one agreement or deal has been signed yet. Put that together with enomic data around the world that may be showing signs of a turnaround, and you get a general bullish tone benefiting companies and industries that are more geared towards improving economic prospects, or socalled cyclical stocks. Within of the s p 500, the best performing sectors were technology and financial. Me
Its back to 32 a share. Down 6. 58. Overall, the markets holding pretty steady as the profit reports roll in. In fact, id say stock prices are real solid and some of the profit reports, thats keeping the market at very high levels. No big pullback at this point. The dow industrials will open up about 40 this morning, s p up 6. By the way, the s p is only 22 points away from the alltime high. Whats that, just one big rally . The nasdaq, look at it go, up a half percentage point premarket. Big deal. Now let me lay out what we have for you. An important speech from Vice President pence on china. He may take a hard line. That could affect the market. And here comes amazon, perhaps the most important Earnings Report of them all. How strong is Consumer Online buying . Very important and we are going to find out today. Of course, we are going to watch apple hit new highs and unless something dramatic happens, we are hardly even going to mention impeachment. Here we go. Varney company is about