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A far better measure is the ten Million People who filed for jobless benefits in the last two weeks. Fed governor lockhart just told maria the jobless rate is already more like 10 . Clearly, we are in an employment crisis, and another report that comes up at 10 00 eastern will likely show the Services Sector in collapse. Thats a strong word to use but its accurate. Later this hour, we are going to talk to larry kudlow, the president s chief economic adviser. I will ask him how bad is it and he will spell it out. Look, with nearly 300 million americans under a stayathome order, the economy is s...

Orders the numbers are not pretty the dow on track for its worst First Quarter ever falling more than 20 Retail Stocks are front and center as the coronavirus handcuffs the once strong u. S. Consumer how long will the pain last . Well dig in on that this hour bob, we begin with you and the markets today. Good riddance to this First Quarter of second worst quarter s p history. This is why everybody is hopeful about rebalancing a little bit here corporate bonds, flat and high yield down 12 be. Reminding us in a recession these kinds of bonds, high yield tend to act like stocks. A little bit remi...

We appreciate all of the states, the relationships have been very good. With governor question poe. Were working hard to get additional things to new york as possible. The personnelf 2,500 beds we built recently, includinghav opened up tod covid, something we did in louisiana, doing it in dallas. Lot of not only hospitals being built, but now manning the hospitals because states in many cases are unable to get additional people work. Its just an incredible situation. Never been anything like this. Important issues in battling this pandemic is thedinating the delivery of crucial supplies throug...

Points. Brent really rolling over by about 5 , much worse than wti. It is now a pure demand issue. You see equities taking it on the chin, as well as commodities. Time for todays top market moving news from new york and our london team. We want to begin in the u. S. Come over Senate Democrats blocked Mitch Mcconnells attempt to advance the coronavirus economic rescue package. Minneapolis fed president neel bloomberg the fed can do more to support the economy. We are being more aggressive. Is there more we can do . Yes. Is there more we may end up doing . Yes, but i feel we are being very aggre...

Time, a very busy time, and let me begin by expressing our support, solidarity, and love for the people of our great country who are fighting. We are enduring all of this together and we will soon prevail together. We got a arrest lot of progress. We appreciate the governors and people within the states. The relationships have been very good. I spoke with Governor Cuomo. We are working very hard to get additional things to new york as quickly as possible. Care at the we took hospital personnel. Built,0 beds we including personnel, and opened it up to covid. That is something we did in louisian...