Should congress pay people to come back to work or cut the spigots off. I will ask congressman matt gaetz about that and so much more on making money. Charles stocks making a huge turn around this morning but i think several factors influenced pressure of selling in the last several sessions. The main problem i think is the fact that the market was and still is overbought. I take issue with blaming Retail Investors for being too enthusiastic. Second concerns about the economy as states do delay or reverse reopening plans. 10year bond yield plunged when it looked like we were on the verge of seeing massive rotation back into stocks. Fed action, accommodation has been fading, folks and wall street dithering. Wall street needs clarity from washington about what is going on there and playing the same old politics as usual. I want to ask to of my favorite experts, Gibbs Wealth Management president , erin gibbs and jack ablin. I will ask both of you in general, i will start with you, erin, t
Analyze these markets. He is looking for opportunity to talk about that. Senate as of yet failed to advance a coronavirus stimulus package. We do have our eyes on the senate floor right now. We have a live report from capitol hill coming up in a few moments. State after state is issuing strong stay at home orders. Were going to give you an updated list. Were asking a big question, when it comes to the virus, are we flattening the curve . Dr. Nicole saphier will give us her take. All that and more coming up on making money. Cheryl keeping a close eye on washington right now. The senate is currently attempting to push forward its giant phase 3 coronavirus bill. Democrats blocked the two trillion dollar rescue plan overnight. There has been a lot of twigs twists and turns today. Hillary vaughn live from capitol hill. Reporter i want to take you to a live look from the senate floor. Right now senators are revoting on procedural vote to begin debate on coronavirus bill. That vote failed ove
To go through. Jackie deangelis on the floor of the new york stock exchange. Chad pergram has plenty of news on capitol hill well get to. First Hillary Vaughn live at white house. Hillary . Reporter connell, treasury secretary Steve Mnuchin says he wants to put cash in peoples hands, as part of a economic stimulus package tied to the coronavirus crisis. Meeting with senators on capitol hill asking for 200 billion for these Cash Payments would be a check or direct deposit, saying he wants to get cash into peoples hands in two weeks. I asked secretary mnuchin if theyre looking boosting the Restaurant Industry in addition to airlines as part of an Economic Relief package. Mnuchin says they will be rolling out special program that helps small and midsized businesses restaurants an franchisees will be a part of that. This is not like a normal economic situation. Government has requested that parts of this economy shut down and the president is determined, you can think of this as, Business
China is the manufacturing workshop of the world and its shrinking, manufacturing, shr k shrinking at its fastest pace ever. This is an astonishing move into the safety of tenyear u. S. Treasuries. At one stage that yield had dropped all the way down to an alltime low of 1. 03 . Right now, we are at 1. 08 . Historically very, very low. The virus is the problem. We do not know how much our economy will slow if large numbers of people are quarantined and people are unwilling to go out and shop and travel and mingle. We have these developments on the virus. Deaths, two deaths in what appears to be a cluster of cases centering on a nursing home in kirkland, washington. Firefighters who went to the home are now quarantined. There are confirmed cases in nine states. Florida has declared a Public Health emergency. Theres this bombshell from iran. A Senior Adviser to the Supreme Leader has died from the virus. Several members of the top leadership are infected. But iran has done little to rest
Since 2017. As the world bids goodbye to 2019, ringing in a brand new decade right now it is midnight in moscow russia. Well bring you celebrations all across the globe this hour. First Deirdre Bolton at the new york stock exchange. Green on the screen today. That certainly matched for this year, for this decade. If you look at the stocks really the standout stocks for the year, well start with that, before we Start Talking about the decade, apple is certainly one we have to highlight it. By far the strongest dow component, up more than 83 this year. A lot of analysts talking about the fact that of course many, many people own iphones. More important for apples future, the fact that their services really taking off especially music streaming. Then also of course the fancy new ear buds, ear pods, most people asked for christmas and still waiting for. Those are the demand goldman sachs, microsoft, other best dow performers for the year. For the decade, chip stocks, communication stocks,