Twoyear is now trading, but that doesnt seem to matter. The majority of debt in europe all undergoing this powerful rally, despite the fact that we are going to see horrific unemployment number in about an hour and a half. Lets get you out of the market moving news from our new york team. We want to start with the much awaited u. S. Jobs data out of april for the next hour. Economists now estimating 22 million jobs wiped out in the past month. Joining me now is carl riccadonna, bloomberg chief economist. It is hard to put these into perspective. Help me out. Morning. D these numbers point to immense disruption in the u. S. Economy, on a scale we really have not whichn recorded history, goes back to either world war ii or the great depression. ,o put some context around this this is far more than all of the job losses we saw during the Great Recession concentrated into a single month. If we take the job losses of the last nine recessions, lump them all together going back to the late 19
Today. No reports of injuries. Stay at home orders remain in effect, and the contagion continues to worsen. As of this hour the chinese coronavirus labeled covid19 has affected 856,000 americans and killed 47,000 more. This as the Left Wing National Media once again pushing headlines that dont match stories. The Financial Times using leaked data from the World Health Organization to report that gileads drug remdesivir flopped in its first trial. The headline had investigators selling on wall street until gilead pointed out that study was terminated because it had low enrollment. And as such the study is simply inconclusive. Well have much more on this study. Also the latest developments in the fight against the virus later in the broadcast. There are breaking developments on capitol hill where house lawmakers are voting on a 484 million rescue bill to help Small Businesses to provide more money for hospitals and testing. The bills passage bringing Congress Response to nearly 3 trillion
Californias new reopening rule. And we know the nations meat supply has taken a terrible blow from covid19 but what about the Fruit Industry . Berry picking season is upon us, and the president of driscolls berries is here on how the outbreak changed his farmtotable supply chain and we have a very special Family Affair in this hour, gastrointestinal gastrointestinal it gas Charlie Gasparino and ir joined by the real stars, and the top Infectious Disease expert and charlies brother dr. Jamesgaspa rino is in the thick of the covid storm and in a very special interview with charlie and me they will both share their knowledge and stories from the frontline and the global battle against the deadly coronavirus and well ask which drugs and therapies work and which didnt and when do they think its safe for all of us to return to the workplace with less than an hour to the closing bell on this friday lets start the claman countdown. Liz and speaking of drugs and therapies we have this breaking
Notably russia, and surely it puts a crimp on the future of electric cars. Look at it this way. Why buy electric when a gallon of gas on average now costs 1. 81 and likely to fall much lower. In wisconsin, the average is all the way down to 1. 22. There are some places where its below 1. We will bring them to you. Its a big negative for the stock market. The dow industrials are going to open down 500 points. Thats roughly 2 . The s p down 1 . The nasdaq down 1. 93 . The oil crash really hurts stocks as well. Every energy stock is down. The airlines and the Car Companies, they cant cash in on cheap jet fuel and gas because people arent flying and theyre not driving. Where is the additional help for Small Business now that the first rescue package has run out of money . As of right now, it has not come through. Treasury secretary mnuchin negotiating with democrats over the weekend. Its supposed to be a better than 300 billion plan but its not here yet. Perhaps thats another reason for th
Elizabeth tonight the battle to reopen. With us Sidney Powell, also on the battle between the fbi and mike flynn. House judiciary want a probe fbi corruption, republicans there. We have with us tonight former congressman Jason Chaffetz and byron york. Lets kick off the show with senator rounds from south dakota. Great to have you, sir. Thank you. Appreciate the opportunity to visit with you. Elizabeth your reaction to what the president is saying and the fight to reopen . Two dozen states pushing to reopen. There is a push back against that. There is a fear cases will spike higher if you do that. What is your take . We have to do both. We have to keep our workers safe. We have to use some good ol common sense but we have to open up our economy as well. In this country we can make that happen. Im convinced right now if we have the proper equipment and testing and weve got aways to go on testing but if we get the property equipment and proper testing, if people use common sense, keep the