Im annemarie green. The coronavirus pandemic marked a new threshold here in the u. S. Infections are confirmed in all 50 states. Nationwide, there are now more than 6,300 reported cases and more than 100 deaths. Across the country, local officials are taking aggressive action to curb the spread of the virus. New york citys mayor is considering a shelterinplace order for more than eight Million People who live here. That action is already in effect for People Living in parts of northern california. Meanwhile, hospitals are in desperate need of more protective gear to handle the outbreak, and theres growing concern over whether theyll have enough beds and supplies for infected patients. In washington, congress is working on what may be the largest bailout in American History to rescue the u. S. Economy from the pandemic. Gwen baumgardner is in london tracking all of the detais for us. What is the latest on this stimulus package . Reporter hey, good morning, annemarie. The government is h
We just saw the chunz delegation depart the office of the u. S. Trade representative en masse every the hours of negotiations the president moments aigt saying it went well. He confirmed he will meet with the chinese top negotiator tomorrow he also answered a question about a possible investigation that he requested china do last week to look into the family of joe biden and possible corruption according to the president that he believes went on there he said its up to china to look into whatever it wants to. But this is an interesting comment given a wrinkle today. Where an outside adviser to the president Michael Pillsbury at the Hudson Institute made comments to the Financial Times saying he raised the issue of the biden was china. Later he acknowledged he discussed the bidens with china well back to fast money. A scene in shanghai china but it was china that brought it up and not a discussion at the earlier today as the brooklyn behest of the president. Thats a cloud hanging over a
Katie welcome to Bloomberg Markets and it is a down day for markets, at least if you are looking at equities because the s p 500 off. 5 which does not seem to bad and the nasdaq is down by over 1 . There is some green to be found and no surprise it is in the cryptocurrency space. Bitcoin continuing to surge higher up about 2 at the moment. We are on watch for the alltime high, maybe today is the day. We have some breaking ism data for michael mckee. Michael this is not good news for those looking for a Growth Scenario in the u. S. The ism Services Index falls more than anticipated but at 52 point six after 53. 4 the consensus was from 53. What is interesting is the sub indexes are almost all better. In this case new orders are up to 56. 1 from 55. Production is up to 57 point two from 55. 8. Employment is one of the few that goes down. That is something to keep in mind for friday and it might have an impact on the Market Forecast for what we get on friday. Prices paid, 58 point six dow
Concert. The man was going to play in front of a crowd of thousands until a tipoff warning of a possible terror attack. And Thailands Supreme Court prepares to rule on the former Prime Minister. She is accused of negligence, but her loyal supporters are a headache for the ruling group. Brent i am brent goff, it is good to have you with us. Tonight in central italy, people are remembering the moment the ground beneath them turned against them. A year ago today a powerful earthquake struck the town of only three j amatrice. The earthquake reduced several villages to rubble. Survivors gathered to pay tribute to those who died. Amatrice remains heavily destroyed even as residents try to rebuild their lives. A reporter who covered the quick last year has returned to cover the community struggling to rebuild. Reporter this used to be one of the most beautiful Historic Towns of italy. Now debris is all that is left of amatrice, one year after the devastating earthquake. It still lies in ruins
Mission critical, rise above d. C. Welcome back from our nations capital. Im Mario Bartiromo with brian sullivan. We continue our fiscal cliff coverage, mission critical, rise above d. C. Weve heard a lot after a morning of interviews and action on capitol hill. Here is what we know now. Just a short while ago House Speaker boehner said hes still waiting on a solid plan from president obama. Im hopeful we can reach an agreement. This is a serious issue. Theres a lot at stake. The person people sent us here to Work Together towards the best possible solution, and that means cutting spending. The president doesnt agree with our approach, hes got an obligation to put forward a plan that can pass both chambers of the congress. Meanwhile despite all of the back and forth, the market is seemingly optimistic today. At least some form of a deal will be released. Weve been up 100 points on the dow industrials for the past hour. Senator mark warner of virginia perhaps putting it best saying comp