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July 16, 2024
So, right now negotiations are underway between the trump administration, republicans, and democrats to try to figure out a way to pass this legislation because democrats want some changes to the ways that Small Business loans are structured to make sure that money is getting to people and businesses that dont have those traditional longstanding relationships with big banks. They are really touting this, they want to make sure that the money is going to minority owned and women owned businesses....
July 16, 2024
Down plus well take another look at the global spread of the coronavirus and action taken by governments around the world and the markets are in the red again and being dragged down by poor big performance we have expert analysis on hand to go over the details with a packed show today so lets dive right in. And a huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on m...
July 16, 2024
Thank you for joining us. Covering our office in washington dc. Were navigating one of the most troubling challenges the nation is seen in the last century. I recently got off the phone this morning on a bipartisan Conference Call on the president. As we talked about ways to make needed provide resources , there are conversations in this phone call and i was impressed with the number of democrats on the call who thanked the president for his actions. As we know, 30,000 americans have lost their ...
July 16, 2024
In the early part of the session, not just the yield curve that dom mentioned but suspensions of dividends from very large european banks this morning as well. And you have the great interview with michael as well talking about that bank and everything hes seeing through that lens, too the other thing in focus, real estate, worst performing sector in the s p today in what is a down day across the board for the major averages coming off the worst First Quarter for the dow and s p ever the other t...
July 16, 2024
A ncrk the head of new yorks Emergency Medical Services joins us exclusively live. Drama on the high seas. The cruise ship stranded with a hundred sick on board and four already dead. Now fighting to dock in florida, but the governor is saying not so fast. How President Trump is responding. Supermarket safety. Advice from the top Infectious Disease expert. How she shops from the shopping cart to the checkout line and what she does when she gets those groceries home. Rent rebellion. As mortgage a...
July 16, 2024
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible becau...
July 16, 2024
Up more than 21 points to exit the bear cave is now up 15. But whats going on here . Could it be oil . In the last couple of minutes, oil suddenly, this is the aftermarket, started to tank. Its now down 7. 5 on apparent news that the United States government will start to add Strategic Petroleum reserves with all of the glut there is of oil. So while im looking, i just quickly checked exxonmobil and chevron, they are still up but they are at session lows as well. We are figuring it might have so...
July 16, 2024
Outbreak in the u. S. , but new jersey reported its worst day yet. More money for Small Business as the treasury secretary and lawmakers signal additional funds will be allocated for the Small Business program, which has seen enormous demand and m. G. Firms from exxon to halliburton may lay off workers in light of the economic turm l turmoil. Well speak with the ceo of verizon about the companys effort to keep students informed while they are away from school. And the ceo of state street will jo...
July 16, 2024
About 6. 6 million filed for unemployment in the past week. So 10 million who have gone into this even though it doesnt have the most recent week will watch to see how this turns out. Crude oil prices after the biggest hike after one day after maybe 26 after news that joe kernen reported here after the president said what he was going to be doing absolutely changed not only the oil market yesterday but the entire equity market as well yes like i said. You suspend disbelieve of everything at this...
July 16, 2024
The magnitude of that payroll number, equity markets are performing reasonably well. We are going into a weekend. Generally that means derisking as well. Let me deal with the middle to. 33. Crude at we have the stoxx 600 reasonably flat right now. We are seeing a bid on the dollar. Going back to your board, so why dont we handed back to you . Vonnie lets get straight to diane swonk, Grant Thornton economist. We saw a massive loss, 7001000 massive loss, 7001000 massive loss, 701,000 people. Diane...