More than 2 and the s p and nasdaq at more than 3 a piece for the week and the s p and the green, five weeks in a row and that the longest winning streak since december, the dow on track to have for august since 1984. So the run keeps going for stocks, we will talk a lot about it, number of stories were covering with fox Business Team coverage, edward lawrence, blake berman, sit down jerry, we start with edward in washington. A quick flight back to jacksonville, part of the gains that we saw here in the markets could be related directly to the Federal Reserve and the action that the fed took yesterday, the Federal Reserve president said its an evolution, not a revolution specifically related to averaging to achieve the average of a 2 target in an inflation, the Federal Reserve trying to see if they can make things average about 2 , theyre saying that the people will not see the prices of the things that they buy jump noticeably, what theyre looking for is the price stability, less than
Talking about heroin the Drug Companies are the cartel. Doctors are the pushers and the pharmacists are the suppliers. See theres not a city in the United States right now the. Major opiate addiction problem and its not just in cities its in rural or in fact in some places its worse in rural areas than anywhere else at the peak of the epidemic millions of people in the United States were prescribed 259000000 prescriptions of opioids and that means on average every adult is on one opiate you know once or twice a year if not more scares the living out of me opioids are a major category of medical spending according to the centers for Disease Control its about. 24000000000. 00 in direct cost for the medications and other 75000000000. 00 in health care. Costs people are doing and oxycontin 8010. 00 pack a day thats a 1000. 00 worth of medication to kids who are spending hundreds of dollars a day if not thousands. Of her own walked into. And its cheap. Really cheap really inexpensive and re
The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. April 23, 2020. I hereby appoint the honorable kathy castor to act as splote on this day. Signed, nancy pelosi, speaker of the house of representatives. 7 the speaker pro tempore the a prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Merciful god, thank you for giving us another day. Send your spirit of peace and comity among the members of the peoples house. These are days of great political, social, and economic stress in our nation, and those whose work is to legislate through this pandemic are naturally under considerable pressure. Give us all patience, especially with one another. May all our citizens in the midst of great turmoil be filled with gratitude for those in our nation whose work must go on when it would be so easy not to assume their responsibility to do so. Continue to bl
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
Or do whatever you do we have the tv here tonight you dont want your phone to be the one that rings on national television. I will be running around with a wireless microphone if you have a question please raise your hand and wait for me to get to you. That way it is picked up for the recording as well if you decide you like to have a copy of the book after the talk head back into the store to pick up a copy or two or three. Then come right back to sign them. Listing to a better planet. To take action on Climate Change and water shortages and air pollution. This is a practical solution to sustainability also environmental leaders from across the political spectrum professor of financial law at environmental studies from the former head Connecticut Department of protection and is highly qualified to have written this book. The book includes fresh thinking on topics free ranging from big data Environmental Justice to fracking and systems analysis public land so there is a lot in this boo