Page 288 - Second Wave News Today

Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mi...

Highs, off 1. 6 . You can thank the autos and oil companies. Several companies in the permian cutting back on production even then there was no vote on quotas today. Index ofhe energy 2. 3 . Some companies are not faring so well. Norwegian cruise line among them, down 21 . Norwegian cruise lines looking for money desperately to keep going. It raised 400 million and is looking to go to market as well. Yuan offshore is trading off of its weakness. It looks like the Trump Administration for the mom...

In the u. K. , Prime Minister Boris Johnson defends his handling of the crisis. Phillips is set to produce 15,000 ventilators per week to ease shortages. This phillips number coming through. In terms of what we are looking at, 4. 2 billion euros. Estimate 4. 16. A little bit off a beat. Phillips said it wont provide 2020. Pecific guidance one of the questions, whether they would suspend that guidance for the rest of the year. They could not really quantify the impact or duration. Manus they had ...

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 st...

Question, which is does equities know what they are doing . We have jobs numbers looking like they will be bleak. Is the very devastating consensus for more than 21 million jobs lost in the month of april. It is interesting because the bulls and the bears have been a little bit of a sideways battle over the last 20 trading days. There all there are higher highs eating that the bulls might have strength, but the s p 500 relative to the big rally out of march really has not done much net. The bull...

Points 24,148 s p 500 is trying to get to 29 in it own right. There is the nasdaq. Its up better than 2 its pushing the door now on 8900 its about 100 points or so away from going positive for the year steph, youll get first crack at this today because you own alphabet and amazon and facebook and apple and microsoft. We have a 2 gain for the nasdaq this move has been nothing short of remarkable. It really has when you look at top names in the nasdaq, its not really a surprise they would hold up ...

Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earni...

You and your family. We would love to hear from you. Our phone lines are open. For the eastern half of the country. 202 7488001 for the mountain and city time zones. 202 7488002 if you are a medical professional. We begin with the numbers courtesy of Johns Hopkins university. Around the world, 3. 1 million confirmed cases. The death toll in 185 countries is 216, almost 217,000. In the United States, the death toll has surpassed 58,000. Joining us from princeton, new jersey is the president and c...

Markets pointing to lower opening. Major averages. Take a look. The nasdaq lower by 65, the s p lower lower by 34 after the markets rallied last week, the dow, nasdaq and s p 500 second straight week of gains with market up on the session as you can see about 2 higher on the dow industrials for week. Oil prices having a rough morning, take a look at this. Taking a steep dive as the coronavirus slams demand. Crude oil now at 13. 54 a barrel. Holding china responsible, questions are swirling this ...

Here are your top headlines. Blame game. President trump raised the prospect that china deliberately caused the coronavirus outbreak. This as the u. S. Pauses some tariffs for 90 days but not those on chinese steel or aluminum. Crude collapse. Wti sags to its lowest level in the 21stcentury on concerns that Storage Space is running low. The demand outlook remains gloomy. Signs of easing. Germany begins to reopen its economy as spain, france, and the u. K. Report the fewest coronavirus fatalities...