Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the indices are understating the weakness they want to take a look at the one year really all the pullback meant is a little dip below 3200. It held there and bounced modestl
Damage the coronavirus crisis, he says, raises those longterm concerns that he was talking about. The u. S. Response to that point he says has been swift and forceful the fed has acted with unprecedented speed and force. He cites a survey that shows in the month of march, 40 of households making less than 40,000 has lost a job carl lets get to the webcast. Here is the fed chair. Its very hard to imagine we could have anyone better than jay powell thank you for coming back to the Peterson Institute, chairman powell thanks very much, adam. Its great to be back. I have some brief remarks and then ill look forward to our discussion the coronavirus has left a devastating human and economic toll in its wake as it has spread around the globe. This is a Worldwide Public Health crisis and Health Care Workers have been the First Responders showing courage, determination and earning our lasting gratitude. So have the legions of other essential workers who put themselves at risk every day on our b
Right now, we are looking from our exclusive tower camera as we see a bit of San Francisco and the bay. Good morning, everyone. It is monday, may fourth. In the blink of an eye. Yo forec we are here with darren. Nice to be here with you guys. Mary has the day off. There is not a cloud in sight today. It is kind of a unique situation this time of year in the morning. That is the view from the top of the tower. Clear skies and whenwe have skies that are thisclear, temperatures can drop a little lower. It is a chilly 40 degrees in the north bay. Santa rosa is 40 degrees. Concord is 53. That is pretty nice. It is noticeably called for liver mall. There is a big warmup coming for the end of this weekend that i will talk about in just a few minutes. Lets go over to go gianna. Look at the roadways. Over all it is nice. There are some bits of construction along 101 and just north of the Golden Gate Bridge we are seeing some slight yellow on the centers. Over all there are no major delays to re
Glut remain. Uber shares rise as it says it is emerging from the virus lockdown. Are getting breaking news crossing the bloomberg when it comes to the new zealand budget. The budget deficit of new zealand at 2. 6 9 billion kiwi dollars 2. 69 billion kiwi dollars. The march balanced budget is just about 4 billion less than forecast. Annette net crown debt has risen dated march 31. That headline number a shortfall of 2. 69 billion kiwi dollars. We know the new zealand economy is better prepared than most in terms of dealing with these extraordinary Monetary Policy decisions, and the fact that the country went into a very strict an early monthlong lockdown, and it has only just emerged from that. We heard from vr begins at talking about how estimates of gdp for the period from the rbnz for the period. 2. 7 billion kiwi dollars, shery. Shery we are seeing u. S. Futures Holding Steady as stocks rose. We have more positive sentiment that u. S. And chinese trade negotiators could be speaking
Those who have lost their loved ones. So very, very sad, and so many who are diagnosed and have that uncertainty. The key to our opening up our country and economy is really science, evidence, data, which can only be obtained by testing, testing, testing. Again,o forward here, listening to scientists, listening to Public Health officials and the rest from around the country as well as to the intelligence from the areas that our colleagues bring, we cares two. Ed for it will honor our heroes, those who have on a daytoday basis our health care providers, first responders, police, fire, Emergency Service people, transit, food providers, teachers, teachers, teachers we honor them, and that takes the form of state and local funding. , we kind ofs bill. Ollowed the cares model we have to do very much more than that and democrats and republicans across the country governors, mayors, county officials, etc. Have been calling out for this funding. If we are going from just doing state and local