Fauci says we are headed in the right direction. Every day this seems to be a record of number of deaths. At the same time we see the increase in deaths we are seeing rather dramatic decrease in the need for hospitalization, that is going in the right direction. I say that and i always remind myself when i say that, that means what we are doing is working. Therefore we need to continue to do it. Ashley what we are doing is working says Anthony Fauci, voters seem to like how the president is handling the crisis. His Approval Rating hitting a high of 49 in the latest poll and by the way he has tied joe biden in the president ial race. Just last month he trailed biden in the same poll by nine points. Still there is work to do in america remains worried about their money in 79 say they all worry that the virus will lead to Economic Hardship for the family. The Chip Administration still targeting the reopening of the economy and for 8 weeks and heres what Vice President mike pence says need
But did bern knee pull biden too far to the left . Well react. It is monday march 16th. Fbn am starts right now. Cheryl here we go, welcome to fbn am and good morning everyone. Im cheryl casone. Lauren good morning to you at home youre like lie watch withing from home not the gym not work this morning thank you for joining us im lauren simonetti. Cheryl lets take a look after feds dramatic move late yesterday. They cut rates, and they agreed to 700 billion in bonds purchases e mostly treasure reis. Some of those mortgage back securities were limitedded down overnooght for the s p and nasdaq right now dow down and s p down 128 and half nasdaq is is down 3. 59. 75 and cannot go below 5 and remember, though, folks dow had biggest one day surge since 2008. This is volatility. Lauren take a look at the ten year treasury how pan pick investors are really down, 7 . Cheryl on fed moves we saw oil go briefly below 30 a barrel overnite right now were at 30. 10. But thats selloff 5 for oil this i
Ahead of the Conference Call to the g7, leaders, a lot of focus will be on whether they will step in with coordinated action or words to assuage the markets. Ahead of that, markets are rising. The stock europe 600, 4 and the that saw a lot of losses because of the epicenter in europe still in italy, up today. The dax up. S p futures, gains across the board. A caveat. Yesterday, we saw similar gains and they peter off as the day went on. Today, there is expectation from g7 and that the fed will possibly step in. Lets get to the bloomberg first word news in new york city with Viviana Hurtado. With an update on the coronavirus. Governments around the world preparing for emergency measures to fight the outbreak. Drugmakers hope to have antiviral treatments ready within the month and vaccines by next year. Of cases number worldwide, topping 90,000 but reports suggest over half those people have now recovered or have been released from the hospital. Central bank, it has cut rates and signals
Super tuesday, a third of pledged delegates up for grabs today. This is former Vice President gets the backing of former opponents and Mike Bloomberg appears in the ballot for the first time. Plus this, the coronavirus in the United States, 6 people dead in washington state. We are taking a look, g7 vice ministers as economies hit around the world. President trump cutting for the Federal Reserve to cut Interest Rates as the virus spreads and slows down the economic story. First, focus on retail, target and kohls reporting this morning. Watch any impact on coronavirus. Mornings with maria is right now. Maria we will start with markets. We are hitting rock bottom levels after a 52week low yesterday, check out the yield at 1. 159 . This is extraordinary numbers here and probably will lead to an increase in lending and borrowing. We will take a look at the impact there in europe this morning, stocks following the u. S. On a rally this morning and hopes that Central Bank Action, the markets
Expected to meet with World Leaders on pressing issues like threats and foreign threats, the president gears up to meet with french president Emmanuel Macron after threatening 100 tariffs on french goods and also spoke about macron in the press conference, retaliatory duties coming in response to frances tax on American Technology giant and they include products like cheese, handbags, champagne and the latest on the updates all morning long, mornings with maria begins right now. Big show this morning, joining the conversation fox business dagen mcdowell, Ramsey Solutions expert chris hogan and Senior Writer with wall street journal Jon Hilsenrath. Thank you. Maria a lot of news already just from the press conference that President Trump gave in london. Dagen yeah, you see it driving down the futures but waiting until after the election was the quote about waiting until after the election to deal with china, it was a lot. The press conference went on and on and for the markets and inves