Date on where the various districts of the Federal Reserve think the economy stands right now. Plus, jpmorgan taking on square and paypal with a big move into the Small Business space could the banks upend the market and these highflying stocks later, gm doubling down on its autonomous ridesharing business the ceo of cruise will be here to explain why he thinks ridesharing will thrive again after the pandemic power lunch starts right now hi, everybody. Lets go to dominic chu with big movers. I have taken over tylers spot at the telustrator. I will show you because tyler told us about the whiplash weve seen on the headlines. The markets are largely pricing in a lot of nothing right now. We were marginally lower, marginally higher at one point, and now were mixed across the board. Dow industrials off 30 points. The s p 500 up 0. 1 of 1 or four handles and nasdaq composite outperforming, up 13 basis points to be specific there. 3446 the last level for the s p 500. If you take a look at so
A little background on that. We need industrial mobilization to make adequate ventilators particularly in the very short run to help the people in new york detroit new orleans chicago Denver Seattle all around this country as this virus bears down the ventilators really are the most important thing for patients who become most seriously ill theyre literally the lifeline for people and ive personally been working with thema and ive been working with h. H. S. And over 10 Ventilator Companies making sure we can get what we need as quickly as possible and virtually every one of those companies has been cooperative patriotic moving in trump time which is to say as soon as possible sir but we did have a problem with g. M. And then tack on the one hand we had ford and g. M. Moving forward on a similar kind of project patriotically moving as fast as possible over the last several days we ran into road blocks with g. M. We cannot afford to lose a single day particularly over the next 30 to 60 d
Shortage of doctors and hospital beds the u. S. Faces huge challenges in dealing with the corona virus outbreak. We must follow the evidence. There are no shortcuts a warning from the World Health Organization over the use of untested medicines to treat the virus. A sad page in history the words of italys president as the death toll from the corona virus continues to mount on friday its really reported the highest number of virus related deaths of any country after 919 people died in just 24 hours the number of confirmed cases has increased to there are now more than 86000 infections that the Spanish Government has called on the European Union to provide urgent Financial Assistance more than 750 people died there over the law. 24 hours in the United States president on will trump a signed into law a 2. 00 trillion dollar stimulus package that will speed up government payments to americans and increase job plus benefits for millions the u. S. President has also invokes the defense produ
We must follow the evidence. There are short cuts and a warning from the World Health Organization over the use of untested medicines to treat the virus. Welcome to the program a sad page in history those are the words of italys president as the death toll from the virus continues to mount on friday its only reported the highest number of virus related deaths of any country after 919 people died in just 24 hours well the number of confirmed cases has increased as well there are now more than 86000 infections there meanwhile the Spanish Government has called on the European Union to provide urgent financial help more than 750. 00 people died there in the last 24 hours meanwhile in the United States President Trump has signed into law a 2. 00 trillion dollar stimulus package it will speed up government payments to americans and increase jobless benefits for millions out as it was rob reynolds begins our coverage. The u. S. Navy hospital ship mercy sailed into Los Angeles Harbor equipped
I understand there are a lot of thunderstorms going on right now in sydney. Alix spend new years when its 80. David heres the video from an hour ago in auckland. There you go. The sky tower in the harbor. Alix 2018. Man that year went fast. Not if youre an investor. This year was traumatic and you are probably hoping for a different 2019. Get to the markets here. Its very caulk overall. You have equity futures pointing to a higher open here, 21 points for the s p. It is the worst year, looking at the worst year for equities in about a a a decade. The superlatives are dramatic whether its in europe, china, a eurodollar flat on the day. Its the sterling strong story. Little bit of selling in the margin in the back end here. Were only 273 on the 10 year is fascinating. Crude up by 2 . Its hard to read into these numbers. I feel like youll wait until the second week in january to see where the markets are headed. David oil is up. Alix somethings got to be up. David well look at whats comin