Much. Great to have you. Thank you all for being here. My administration is taking action to ensure america has the medical resources and equipment needed to fight the global pandemic. It has been a brutal pandemic for 150 countries all over the world. Weve had Great Success over the last month. The millions of pieces of equipment have been delivered successfully by us, purchased and delivered. We have made it available to the states. The governors have been very gracious, for the most part, a couple that arent appreciative of the incredible job. They have to do a better job themselves. Thats part of the problem. Generally speaking, i have to tell you the governors have been great. I just spoke to the governor of new jersey, governor murphy. He is very thankful. Governor cuomo has been very nice. They really appreciated with the federal government has done. When you look at the hospitals being built all over the country. By the army corps of engineers and fema. It has been really incre
Administration is taking action to make sure we have the resources to fight the global pandemic. It has been a brutal pandemic for over 150 countries all over the world. Weve had Great Success over the , themonth and as you know millions of pieces of equipment have been delivered successfully and we have made it available to the states and the governors have been very gracious. I have to tell you the governors have been great. The governor of new jersey has grateful. I think they have appreciated what the federal government has done. You look at the hospitals being built all over the country, it is really incredible. Afternoon, i invoke the defense production act to prioritize federal contracts for Business Leaders. The insulators are a big deal and we delivered thousands of them and often times you dont turning out we are that we have to produce large numbers and we will be doing a lot more. Demonstrate that we will not hesitate to use the authority of the federal government to combat
The dow gained 91 points the s p only climbed 1. 9 . Nasdaq barely at all 0. 8 where do i even start . This morning kicked off with an interview we did with the chief Economic Advisor and my former cohost here on cnbc, he explained that the agreement side with china is a lot more farreaching than most people realize. It actually forces china to change the way it runs its economy to create a more level playing field. He said our relationship with china is quite cordial because the Chinese Government recognizes that the United States doesnt want to disengage with them. While this deal was being negotiated, the big fault line was repeating those who dont believe china can ever be redeemed so why not just keep hitting them with tariffs forever so wreck their economy and those that think that china can be a good trading partner if theyre willing to play by the rules. Call it the engage camp versus the disengage camp and the engage camp just won from the stock market perspective, that is fab
Dow down 64, weve got the s p giving up all of its earlier gains, now lower by 3 points. Nasdaqs clinging to a a 5point gain where it had been up 129 points. Kind of losing some steam. Weve seen in the final hour where things can start getting juiced up once again. Lets look right now at what ises propelling the nasdaq. Its actually china stocks. They are grabbing the top spots on the composite led by netease. Look at that gain, up 5. 25 . The the lift comes on a report by bloomberg that beijing is considering relaxing rules that cap Foreign Investment in public companies. So maybe theyre starting to look like theyre going to be a little bit more propluck publiclytraded companies and not so restrictive. Coming up, famed International Investor mark mobius is going to join us live. He has warned viewers to dodge chinese stocks. Will todays news change his mind . Were going to ask him. Hes coming up at 3 30 p. M. Eastern time. No ree laxing or easing at the Federal Reserve at this hour af
And that euro sterling rate. Thats the current rate and how european markets are doing. We will tell you all you need to know. And cashing in on cupcakes. We meet the man who created an empire built on baking. The founder of the Hummingbird Bakery will give us the inside track on the finding the recipe for success. And so today and this is in no way a business question, but we just want to know whats your favourite . Lemon drizzle, red velvet, double chcolate . Let us know. No reason. Just because. Use the hashtag bbcbizlive. We look forward to hearing from you. If you follow me on twitter you know that the home made banana bread is tough to beat. And there are photos as well. Lets start with japan. British Prime Minister theresa may is in japan for talks with her counterpart shinzo abe on everything from defence to brexit and trade. Although the uk cant officially start any trade negotiations until it leaves the European Union, both sides are already weighing up what a future deal mig