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Stock market live updates: Trump report to CNBC rips stocks and oil higher, crude's best day ever

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“Clearly the consumer is going to come out of this weakened,” Dallas Fed President Robert Kaplan says about the impact of the coronavirus crisis on the economy.

11:31 am: Jobless figures show unemployment increases concentrated in Rhode Island, Pennsylvaniashowed that workers in states including

Rhode Island and Pennsylvania are feeling outsized pressure on employment amid the coronavirus outbreak. Though populous California saw the most unemployment applications last week in absolute terms , Hawaii, Pennsylvania and Rhode Island saw the highest concentrations of jobless claims at 73, 62 and 50 per 1,000 workers.

President Donald Trump expects Russian President Vladmir Putin and Mohammed Bin Salman to announce a deal on a production cut, the president said to CNBC's Joe Kernen. The president is expecting a cut of 10 million barrels per day, although the cut could be as high as 15 million barrels per day. Trump confirmed the details in a tweet after the CNBC report.

 

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No worries folks it’s just another day of computerized organized crime by the WS white collar Taliban on fake fears..stick with CNBC criminal pump & dump boiler room operation, they will tell you where to put your $

China wants to destroy us at all costs. Don’t forget that !!!!!

Weakened? How about gone. But the 1% will come out just fine. Thanks Fed!

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