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Mar 24, 2020
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wendy gillett explains why in this morning's money watch. >> reporter: for the first time ever, there was no trading from the floor of the new york stock exchange. it was all done electronically due to the coronavirus up outbreak. the dow lost 582 points, the nasdaq fell 18 and the s&p out hundred drop 67. investors are waiting to see if republicans and democrats in washington can't come to an agreement on the stimulus bill. democrats say they don't want a large corporate bailout with no strings attached while republicans accuse them of playing politics.>>> boeing is temporarily closing of factories around seattle due to the coronavirus. 32 employees have tested positive for covid-19 and one person has reportedly died. it 70,000 employees in the area will either work from home or receive paid leave. >>> amazon prime order is likely delayed. the online shopping giant is prioritizing medical supplies, baby formula and other essential items right now. prime usually promises today delivery, but now many items are not expected until late april. that is your cbs money watch report. for more
wendy gillett explains why in this morning's money watch. >> reporter: for the first time ever, there was no trading from the floor of the new york stock exchange. it was all done electronically due to the coronavirus up outbreak. the dow lost 582 points, the nasdaq fell 18 and the s&p out hundred drop 67. investors are waiting to see if republicans and democrats in washington can't come to an agreement on the stimulus bill. democrats say they don't want a large corporate bailout with...
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Mar 23, 2020
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wendy gillette with more from outside the new york stock exchange. [ bell ] >> reporter: there will beers on the floor of the new york stock exchange today. all trading will be done electronically for first time. the change comes after two people there were found to have the coronavirus. normal market hours are still in place. >>> wall street finished down last week. on friday the dow lost 913 points. the nasdaq fell 271, and the s&p 500 dropped 104. >>> the senate failed to pass a massive stimulus bill last night. democrats called it a slush fund for corporations that doesn't do enough for small businesses and hospitals. treasury secretary steve mnuchin said the plan is meant to prop up the nation's economy for the next three months. >>> and a supercomputer will be used to fight the coronavirus outbreak. ibm is partnering with the white house to help researchers better understand covid-19, its treatments and potential cures. the supercomputer allows researchers to run calculations that would otherwise take years to complete. that's your cbs money watch report. for more head to cbsmone
wendy gillette with more from outside the new york stock exchange. [ bell ] >> reporter: there will beers on the floor of the new york stock exchange today. all trading will be done electronically for first time. the change comes after two people there were found to have the coronavirus. normal market hours are still in place. >>> wall street finished down last week. on friday the dow lost 913 points. the nasdaq fell 271, and the s&p 500 dropped 104. >>> the senate...
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Mar 25, 2020
03/20
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in new york, i'm wendy gillette. >> >> 4:44. let's check in with mary lee for our wednesday weather forecast. more rain on the way, ha? >>> there is for sure. so tracking unsettled weather. we have a few showers already on high def doppler this morning. through the day, a few more showers and could see an isolated thunderstorm through our afternoon with that low pressure system and daytime heating and instability which is a poles built for get to high def doppler and what to expect as we're tracking showers popping up. san mateo getting moderate rain through redwood city and along the coast as well. here is a live look. looking east at the bay bridge. many of us in the 40s this morning from mid 40s in concord as well as for livermore. upper 40s oakland and for san francisco, santa rosa at 35. now what to expect. we'll see some more showers, cool temperatures below average once, again. automatic of us will be in the 50s. an isolated thunderstorm through the day. mainly dry thursday and friday but there is a chance to see a few sh
in new york, i'm wendy gillette. >> >> 4:44. let's check in with mary lee for our wednesday weather forecast. more rain on the way, ha? >>> there is for sure. so tracking unsettled weather. we have a few showers already on high def doppler this morning. through the day, a few more showers and could see an isolated thunderstorm through our afternoon with that low pressure system and daytime heating and instability which is a poles built for get to high def doppler and what...
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Mar 25, 2020
03/20
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in new york, i'm wendy gillette. >> >> 4:44. let's check in with mary lee for our wednesday weather forecast. more rain on the way, ha? >>> there is for sure. so tracking unsettled weather. we have a few showers already on high def doppler this morning. through the day, a few more showers and could see an isolated thunderstorm through our afternoon with that low pressure system and daytime heating and instability which is a poles built for us. let's get to high def doppler and what to expect as we're tracking showers popping up. san mateo getting moderate rain through redwood city and along the coast as well. here is a live look. looking east at the bay bridge. many of us in the 40s this morning from mid 40s in concord as well as for livermore. upper 40s oakland and for san francisco, santa rosa at 35. now what to expect. we'll see some more showers, cool temperatures below average once, again. automatic of us will be in the 50s. an isolated thunderstorm through the day. mainly dry thursday and friday but there is a chance to se
in new york, i'm wendy gillette. >> >> 4:44. let's check in with mary lee for our wednesday weather forecast. more rain on the way, ha? >>> there is for sure. so tracking unsettled weather. we have a few showers already on high def doppler this morning. through the day, a few more showers and could see an isolated thunderstorm through our afternoon with that low pressure system and daytime heating and instability which is a poles built for us. let's get to high def doppler...
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Mar 25, 2020
03/20
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wendy gillette has more. looks like you're home wendy. >> yes, i am. fireplace right here. good morning michelle. it was a massive day for the markets so they moved closer to having an economic stimulus package ch the dow soars 11%, its biggest one-day percentage gain. investors are bracing for a dismal weekly report on unemployment claims that will be out tomorrow. economists expect it will be a record breaker but how many people applied for unemployment last week is up for speculation. some think it will be well over 1 million >>> previous record was 695,000. that was set in 1982. ford says it is in definitely suspending reopenings of facts tris for gm and chrysler that stopped production until the end of march but that is no longer the plan. they have announced plans to produce masks and healthcare equipment and they are collaborating with a company to speed up the production oven till lators. >> residents may be drinking more alcohol during the coronavirus outbreak. >> yes, geotagged placed texas at the top of the list, then california number wo, n
wendy gillette has more. looks like you're home wendy. >> yes, i am. fireplace right here. good morning michelle. it was a massive day for the markets so they moved closer to having an economic stimulus package ch the dow soars 11%, its biggest one-day percentage gain. investors are bracing for a dismal weekly report on unemployment claims that will be out tomorrow. economists expect it will be a record breaker but how many people applied for unemployment last week is up for speculation....
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Mar 23, 2020
03/20
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wendy gillett joins us live from the new york stock exchange outside for today's money watch report. good morning, wendy.>> reporter: and morning, michelle. we are literally outside on wall street, things are looking a little bit better after that statement came out from the feds. we will have to see what happens because they did improve. but friday's improved, the worst week here since 2008. adolfo 913 points, the nasdaq was down 271, the s&p 500 lost 104. it will be a very historic day on wall street, for the first time for 228 years, the new york stock exchange will been without a trading, there will be only electronic trading after two employees here have deposited -- tested positive for the coronavirus last week. how will all that work? there will be a closing bell just like usual and trading will start just like normal but there will be no people on the floor like there are usually. that is not unusual, however for exchanges, the nasdaq of course does not have a floor. more and more americans lose their livelihoods, that announcement came from treasury secretary steve mnuchin on
wendy gillett joins us live from the new york stock exchange outside for today's money watch report. good morning, wendy.>> reporter: and morning, michelle. we are literally outside on wall street, things are looking a little bit better after that statement came out from the feds. we will have to see what happens because they did improve. but friday's improved, the worst week here since 2008. adolfo 913 points, the nasdaq was down 271, the s&p 500 lost 104. it will be a very historic...
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Mar 24, 2020
03/20
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wendy gillett joins us live outside the new york stock exchange with today's many watch report. good morning. >> good morning michelle. it was another day in the red here on wall street as the senate again failed to reach a deal on an economic stimulus package yesterday, the dow lost again, 582 points, the nasdaq slipped 18 and the s&p 500 was down 67. the wall street journal reports u.s. airlines are putting together a plan for a potential voluntary shutdown of all domestic flights. airlines are dealing with nearly empty flights as well as disruptions to the air traffic control system because of the coronavirus, that is been reports no final decisions have been made. y li as angnedp price gouging, ral william barr says if you have a large supply of toilet paper in your house, don't worry, the government is not coming after you, however, if you have a warehouse filled with masks, well, then you might have a problem. but don't worry about the ence. toilet paper if you have been hoarding any of that. have you? >> no, i have not actually. but, i may be running out soon, i'm not sur
wendy gillett joins us live outside the new york stock exchange with today's many watch report. good morning. >> good morning michelle. it was another day in the red here on wall street as the senate again failed to reach a deal on an economic stimulus package yesterday, the dow lost again, 582 points, the nasdaq slipped 18 and the s&p 500 was down 67. the wall street journal reports u.s. airlines are putting together a plan for a potential voluntary shutdown of all domestic flights....