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On the nations food supply and Meat Processing industry. On why, dr. James hamlin some people who contract coronavirus get sicker than others. Oft this, the last day april, jay powell says he expects an unprecedented drop in Economic Activity over the next few months after it was reported yesterday that the u. S. Economy shrank at a 4. 8 pace in the First Quarter and economists are decked in additional 3. 5 Million People filed for Unemployment Insurance last week. The Labor Department will release those numbers officially later on this morning, which brings us to the question in the first hour, how has your financial situation been since the ....
Gilead sciences, as you heard from maria, positive news from a government trial of their remdesivir and also from two of their own trials. Positive news on a treatment. That sent futures straight up earlier this morning and look at the stock, also straight up, 6. 8 . Thats the effect of this effective trial of remdesivir. Up go futures, up goes gilead stock. More on this in a moment. A second reason for the dows gains, investors expect a strong recovery for the economy starting in the summer. The market always looks to future conditions. Theres a third reason. The Federal Reserve is likely to say today they will do whatever it takes to stabilize your money. Wall streets expecting more stimulus. The dow will be up close to 550 points at the opening bell, close to 2 . The s p up 2 . The nasdaq solid indeed, up over 2 . We had boeings numbers out this morning. Continuing problems, but its cutting 10 of its work force and investors l ....
From earlier today, this is just over 20 minutes. Secretary pompeo i want to send americans ces to the and people around the world who have suffered from the lost of this ones because of horrible virus. Many americans, too, are hurting because of the economic challenges. Work. Ant to get back to i was talking to friends back in kansas this week. Theyre all anxious to get to they had back in november, december. Im confident we will be able to get them back there just as quickly as we can. Were to talk about what doing at the state department. Were fighting against the outbreak that originated in china, and were working to bring people back home. 72,000 americans from 129 countries that have returned to their lives and their families. But as we battle the pandemic, administration wants to make sure we secure our Foreign Policy mission. On that even when the virus challenge confronts us all. Irst, to help the unstable places. In vene ....
Promptly, says he wont follow. And says you dont have to, either. So with the masks, its going to be really a voluntary thing. You can do it. You dont have to do it. Im choosing not to do it but some people may do it and thats okay. It may be good. Probably will. Only a recommendation. Its voluntary. I wish he would think, not about his own image but, about setting an example for the country. What would people gain from wearing a mask . And why are you opposed to wearing one yourself . Well, i just dont want to wear one myself. Its a recommendation. They recommend it. Im feeling good. I just dont want to be doing i dont know. Somehow, sitting in the oval office, behind that beautiful, resolute desk, the great, resolute desk, i think wearing a face mask as i greet president s, prime ministers, dictators, kings, queens, i dont know, somehow i dont see it for myself. I just i just maybe ill change my mind. But this will pass and, hopefully, itll pass very quickly. Now, with that being sai ....