Pizza. One stock serving up serious game thanks to leftovers the dow was up over 500 points the rally, driven in part by President Trump who made an about face on stimulus, putting aid back in play before the november election. So, can we expect this rally to continue you know what struck me about todays rally is that we what is that, mel that we closed nine points higher than when we closed yesterday. We are better off today hoping for piecemeal parts to the stimulus plan than yesterday i made it a point, albeit clumsy, that President Trump, in my opinion, is extraordinarily focused on the stock market. The administration has said it for years, the stock market is a report how well hes doing so for him to tweet something and then watch the dow jones g straight line, it had to be upsetting. I thoughi didnt think it wouldn six hours later, but we are here i think they have learned how to speak the language of the stock market to your point, nothing has changed, but here we are increment
On further coronavirus stimulus until after the election the dow, which had been up, turned around and actually closed down by about 375 points. It was down by 1. 3 , s p down by 1. 4 and the nasdaq off by 1. 5 . However, this morning the stock futures are sharply higher this started last night around 10 00 p. M. When President Trump posted a flurry of tweets, one of them calling for airline and Small Business payroll support immediately. And another calling for a standalone bill on stimulus checks he was saying that he would sign these bills immediately. And as a result, take a look at the futures, dow futures indicated up with fair value by close to 200 points. Ylan mui has been following all of this and has more good morning. And just hours after the president walked away from the bargaining table, he appeared to take three steps back calling on democrats to pass targeted relief first it was that 25 billion for the and i remember industries Payroll Support Program and 135 billion fo
It took a tumble in less than six weeks and then rebounded 36 of the lows from april yesterday. The s p down 34 from february 19 to march 23, less than five weeks. Crazy to think about how quickly that fall came then we were back up 30 off the low for april. Joe . If you used april then i could get to 82 years i dont think sorkin was listening to me. I was i said, no, i dont remember. You are always saying maybe i wasnt around for that here is my proposition for you, andrew sell in may is a common expression go away ive never felt more like selling in may than i do right now. I have to be honest. It is not just you. Look at the dow this morning down 454 points. Just to test whether this kind of thing works. It would be impossible for me to go long with money what was he, 163 or something. I saw another guy say it is going to be so hard over the next year that we are looking at another 40 drop others that say the average recession that the market doesnt bottom for 11 months although jim
Performance of all time. We are looking at limit up with dow futures and the etf slightly more than that looking at the treasury market the yields have been all over the place. Weve watched the 10year go from. 4 to 0. 85 . Andrew a huge lineup for you this morning, in about 30 minutes, new data from the china books about how ugly the hit to the First Quarter may be at 7 15, well talk to the ceo of lab corp about the ramp up for testing. At 7 30, well talk about the hit to our economy with Starwood Capital. Last time he was on, he was bullish in the face of the bears. And at 8 00 a. M. , the ceo of boeing, dave calhoun so many questions for him. At 8 30, joining a growing chore yus of voices. Global cases have topped 38,000 including 300,000 in the United States. New york city with the biggest hotspot. 13,000 confirmed cases in the city new york state accounts for half of the confirmed cases in the United States. China says the lockdown in wuhan will end on april 8. Cnbc is bringing you
Achieve strong Sustainable Growth and safeguard against downside risks. The group offered no specific actions to combat the virus. How disappointing was that look, i think this is the same problem, central bankers are dealing with a biological problem that is then going to spill over to economics, probably means fiscal help what are we talking about here lets talk about restaurant closing, malls closing how about the people who work at the places, thinly capitalized companies that are supposed to pay these people Steve Liesman i worked with him this morning, excellent drop in there, par suited into their office one point the Federal Reserve was saying well stand back behind people whose insurance for instance isnt paid off for a hurricane. I think that its up to treasury and incumbent upon treasury to say were going to work with Small Business, if you have a problem, you can come to us, because thats where the real pain is going to be. We dont want the only retailer to be walmart when