Been, it is just the beginning. Brennan despite the dire warnings from medical experts, the do what i say, not what i do, mindset at the white house continues, as two staffers with close proximity to the president and Vice President test positive for the virus. And three top Coronavirus Task force members quarantined. The c. D. C. Recommends that americans wear masks, but that is not enforced at the white house. President trump this is going to go away without a vaccine. And were not going tsee it again, hopefully, after a period of time. Brennan that type of Wishful Thinking drew a rare review from the president s predecessor. Former president obama called the response anemic and spotty. It has been an absolute chaotic disaster, when for mend t with any whe at mindsets operationalized in our government. Brennan well talk with Economic Advisor kevin hassett, as well as former google c. E. O. Eric schmidt. He is now leading a project to reimagine parts of the economy. Dr. Christopher mu
Dow futures are down by 40 s p futures down by 5. 5. If you want to take a look at the treasury market, the tenyear right now at this point, of course wti, i should point out, is down by 2 still trading above 24. The tenyear yielding 0. 7 0. 697 andrew well get an update on the pandemic the number of cases worldwide, crossing 4 million with 1. 3 million, thats in the United States the biggest hot spots in america are new york, new jersey, massachusetts and illinois all with more than 75,000 cases. Now, new yorks Governor Cuomo saying yesterday the number of new cases was back to the level from two months ago. Lots of good news there, when he first issued the shutdown order. Overnight, india, reported 4,200 new cases in the last 24 hours the largest single day increase in the country they are entering the final week of a nationwide lockdown a few cluster formed around nightclubs in south korea. They eased restrictions last week but on saturday, shut down all clubs, bars and discos in se
That is where mitch mcconnell, that is the way he wants to go, the way i want to go. I think we want to get it done and have a big infusion as opposed to going through little meetings every couple of days. We dont want to do it that way. We want to go big, go solid. The country is very strong. Weve never been so strong. That is what we are going to be doing. We dont want, with this invisible enemy, we dont want airlines going out of business, we dont want people losing their jobs or not having money to live when they were doing very well for weeks ago. Very well just four weeks ago. So we are going big, and that is the way it will be and that is the way everybody seems to like it on the hill. Susan historian and author amity shlaes, that is President Trump in one of his recent announcements about the goals on a big series of Economic Relief packages to stem the Economic Impact of the coronavirus. Other World Leaders are doing the same. As we start out here, since you are looking at thi
Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham and b of a, as b of a or it goes from 270 to 245 what ne
S p, also slightly down but the nasdaq showing essentially flat to slightly higher. Remember, were just about 15 points away, by the way, on the s ps alltime closing record. We will keep an eye on that. How about this. One of the largest malls in the world opens today in new jersey. Its called the American Dream mall. It will have hundreds of stores, restaurants and indoor Amusement Park with roller coasters, and a 16story ski slope. All sorts of experiences. But it comes at a 1 billion cost to taxpayers. It will likely be a traffic nightmare. Wait until you hear how much it will cost to park there. Yikes meanwhile, President Trump heads to South Carolina later this morning. Hes going to an event on criminal Justice Reform. If the president speaks to reporters, which he likes to do before leaving the white house, you will of course see it right here. Got a lot of news to go at this morning, including those rapidly spreading wildfires in california, and Charles Barkley going after Vice