Administration is taking action to make sure we have the resources to fight the global pandemic. It has been a brutal pandemic for over 150 countries all over the world. Weve had Great Success over the , themonth and as you know millions of pieces of equipment have been delivered successfully and we have made it available to the states and the governors have been very gracious. I have to tell you the governors have been great. The governor of new jersey has grateful. I think they have appreciated what the federal government has done. You look at the hospitals being built all over the country, it is really incredible. Afternoon, i invoke the defense production act to prioritize federal contracts for Business Leaders. The insulators are a big deal and we delivered thousands of them and often times you dont turning out we are that we have to produce large numbers and we will be doing a lot more. Demonstrate that we will not hesitate to use the authority of the federal government to combat
They said several would be limited because of uncertainty the risk of a hard brexit had receded. Overall they said the risk of recession had fallen but they added uncertainties remain, including those posed by the coronavirus. They said, quote, the threat of the coronavirus in addition to its human toll had emerged as a new risk to the Global Growth outlook that warranted close watching you heard other fed officials talk about this since that meeting. Now, also importantly, several fed officials saw elevated levels of equities, corporate debt and commercial real estate valuations they noted the high levels of corporate debt and weak underwriting and worried about Bank Dividend payments, reducing capital by the banks, it was noted that levels are high and they debated whether low Interest Rates created financial risks. New debate we see some of it on maybe more in the open now. Many Committee Members said they should not rule out the potential ty of adjusting the stance of Monetary Poli
Welcome to power lunch. Im melissa lee. Stocks right now are mixed actually all in the red right now. Amazon, though, hitting a new alltime high in todays session. Same for tesla, that stock trading above 300 a share for the first time ever. And take a look at gold hitting its highest level since february 27th. Tyler . Melissa, thanks very much. Im tyler mathisen. Glad you could join us on a rainy tuesday in new york. Here is what else is happening this hour. The u. S. Trade deficit falling in february as exports climbed to a twoyear high. Cleanup efforts under way from texas to the taerls after another stripping of severe storms ripped across the south. Five stormlegalitied deaths reported. And tony romo apparently hanging up his helmet and cleats for a microphone. Espn reports the cowboys quarterback will end his 14year nfl career and go into broadcasting. Michelle . Welcome to the business. Thanks, tyler. Im michelle carusocabrera. We have a lot to do today. We begin with a big head
So there could be damp spots inland pushing to the east. The big story today is the continuing cooler for 24 hours. Injury. It is breezy this afternoon. That is weather. Alexis . A look at the bay bridge toll plaza and we have the opposite side of the toll plaza stacking up in the cash lanes. Fur heading out and you have to pay cash head over to the righthand side it will be resolved. Drive times, westbound 4 antioch to hercules, a little bit of wet pavement along the stretch 28 points the westbound 80, no problems if you are headed from highway 4 to the maze. Highway 85 to the san jose airport, okay at eight minutes. A look at Central Valley in less than 10 minutes. The big think is mostly gone but a shelterinplace. Hundreds of calls over might and troubling after many hours we do not know what caused the odor. Amy hollyfield is in vallejo with that story. The situation and better here, vallejo residents can expect a normal day the we do not smell anything, police say the smell has di
Stocks can get back to their winning ways. We are about one hour away from the close of trade on this tuesday. It has been an upanddown day. We have been above the green on the s p for the third time. Julie hyman is at the markets. Julie a lot of bouncing around. We are indeed on the green. As we have seen all of this volatility. If you look at the course of the at theat we have seen s p 500, if you look at the intraday chart, you will see all of the upanddown, above and below the unchanged line several times throughout the course of the session as investors figure for marketses next and the economy. If you look at the sectors, material shares have been consistent today. Weve got earnings from a number of companies. Part of that index coming out with earnings or forecast. Health care up well and energy remains the laggard even as financials have been volatile in the session. Financials had been underperforming. Some of them are recovering. Correlationlso no between oil and stock. Julie