Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
Experts like to see but for most of the 14 days that has been the case. He did posit in these remarks to reporters we dont want to make the same flu mistake made in some parts of this country more than a century ago where parts were reopening a little early and things got worse and the flu hit all over again, in fact worse than the first go round. Were following that. Following what happens to airline stocks, taking it on the chin as one of the most biggest, prized investors says im out of here. These things dont look promising. Jackie deangelis with latest on the wall street front and how it is all connecting to the main street front. Reporter well talk with roche. Talking about a new Antibody Test approved by the fda to be used in the United States. The ceo of roche said this test is 99. 8 effective. You and i discussed the Antibody Testing how that will help get people back to work. The ceo of roche was on fox business this morning with maria bartiromo. He says there is high likelih
Several weeks under an order that the owner believes is unconstitutional. He tells us he barbers are booked for the day. To be safe, hes requiring his customers, many of them First Responders and military veterans, to wait outside for their turn. The barbers are wearing gloves and face coverings and are wiping down seats between each appointment. He says he needs to pay the bills and support his 13 barbers. He says the lockdown has gone on long enough, believes the pandemic shutdown order is feardriven, points out that of the more than 440,000 people who live in solano county, there have been 263 cases of covid19 and in his words, only five deaths. He doesnt think its right his Small Business must remain closed while big businesses like costco and walmart are allowed to stay open. Shame on the government for allowing all of them to be essential and us not to be essential. Reporter your business requires you to touch people. And this is a situation when were exposed maintain social dist
Infections soar at Meat Processing plants across this country, many are wondering will we face a meat shortage soon . All that and so much more on making money. Charles a major read on consumers out this morning not only did the final read for consumers sentiment in april come in better than expected, but it confirms the idea that americans see better days ahead. The read on Current Conditions declined more than 29 . Down more than 40 in the past two months. And then you look at that juxtaposing it for the read for how we see the economy in six months, only down 12 , 22 in two months, it is pretty clear that the consumers and the stock market are banking on this economy reopening soon and the coronavirus continuing to flatten. Many are wondering, though, has the market still come too far too fast . And are consumers and investors being too optimistic . I want to bring in two of the best to discuss this, Wealth Management cio and fox business contributor scott martin, chief investment s
Tomorrow mini super tuesday primaries but big eyeses on biggest prize michigan and Sanders Campaign survive . It is monday it is march 9th fbn am l starts right now. Lauren welcome a manic monday indeed im lauren simonetti. Cheryl a lot to get to good morning im cheryl casone. Lauren take a look at how your money is moving moving this mors of now Dow Jones Industrial average dropping at the open that is a decline almost 5 . The s p set to drop 14 a 5 points nasdaq down 410. All three major averages down 4. 9 this morning. Reminder, last week the markets finished in the green. Cheryl lets take a look at what caused selloff this morning that is the oil story we told you about that at the top of the show this fight between saudi and russians oil is down 21 right now. And one point wti what youre looking at a was down 31 and co coalition and saudi slashed oil prices here they are. Lauren been a rally in bond market pushing yielding on tenure treasury down record lows. It did hit 0. 3 in ch