Attention to the virus to aid in war against the pandemic, live tomorrow morning for special interview you dont want to miss. Do stay with us for that. This morning pointing to higher opening. Take a look at future, up better 250 points on dow industrials, s p is up 29 and nasdaq higher by 116 this morning, this after the dow, nasdaq, s p ended down last week. As you can see better in the dow and s p. Google parent alphabet, microsoft, facebook, amazon, Technology Names reporting earnings this week and at the end exxon reporting numbers. Holding china responsible. Senator tom cotton telling me the coronavirus escaping its borders was a deliberate attack by the chinese and calling for action against the Chinese Communist party. Plus questions rolling with the health of north Korean Leader kim jong un as he remains unseen. Mornings with maria begins right now. Global markets this morning are rallying, take a look at europe indices, ftse 100 up 95 points, cac quarante in paris is up 86 an
Dollars, but hes in luck and our traders are here to help him fix his portfolio and we start with the major news on gilead that weighed on the major averages gilead dropping on reports that the companys coronavirus des v remdesivir it is difficult to part through because it was halted from china that didnt have enough to finish the synopsis on these partial results were posted by the World Health Organization on its website immediately taken down, but not before the Financial Times and stat news got a hold of it. What that showed was that 237 patient were enrolled in this trial and 158 of them were on remdesivir and they had planned to enroll 453. One of the gauges they looked for for success was mortality and how many patient surs viefed at 28 days they found 14 of the patients on the drug passed away versus 12 in the control group. In a summary of the screen shot here they said that remdesivir was not associated with clinical or virological benefits. We regret that the w. H. O. Prema
Without the businesses, they will not be getting money for long. Is there enough . If not, we will do something later, i am sure. Wall street analysts are predicting unemployment could skyrocket next week. Some analysts say as many as 3 Million People applying. That would be an historic number. Is a 1000 check going to cut it . We are talking much more than that. We are also talking about doing phases if this doesnt work. We will keep on doing it until we get it going. Once we get the economy back, was this enemy is defeated, the invisible enemy, once we get the economy back, it will all come back to us very quickly. We have a tremendous economy. Othernumbers like no country has done before, number one in the world. That money comes back to us very rapidly. That when,have it so not if, but when we win the war, the invisible enemy, when we win it, these companies can immediately start. Not that they had to start rebuilding, which takes a long time. Are you confident those jobs will come
On allmond avenue near monterey highway. The vehicle hit a utility pole and that knocked out power to the block. One business located near the class crash said the loss of service hits them in the wallet. We are losing money. We are losing a lot. Who wi repay you to me . As the Police Department to pay oh . When you think . I dont know. I dont know too. I hope they will fix it today. Pg e crews say they hope to restore service by 7 pm. San jose police will only say the crash involved one vehicle the officer was not injured. Shelter in place effect for three schools has been lifted after police investigated a device found at bowers park. The three schools had to shelter in place for an hour while the Santa Clara County sheriffs bomb squad clear the area. Nearby residents were asked to shelter in place but no evacuation orders were issued. Senior management at Nustar Energy are defending the company after explosive accusations that employees abandon the facilities during tuesdays fire an
Lunch begins right now welcome to power lunch. Im Michelle Carusocabrera. The dow hitting record highs again, pushing closer to 25,000, just days after crossing 24,000. The s p 500, the russell small caps also hitting record highs but in the category of things that make you go hmm the nasdaq struggling again today because of a tech slump. Nvidia, micron, amd among the biggest declines check out what else is moving at this hour. General cable is soaring more than 30 the industrial wiring cable maker getting a 3 billion takeover from an italian rival facebook is down about 1 . One of the stocks pressuring the 100. The social media giant unveiling a messenger app for children more on this controversial move straight ahead on power. Michelle, thank you very much welcome, everybody im Tyler Matheson we begin this hour with that big market rally youve been watching all day today over 20 now of the s p 500 sit at 52week highs tracking the action at the nyse. There is some very interesting rot