Finance

Dow futures up 900, ‘limit up,’ hope for a stimulus deal

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All eyes are on Congress to pass a much-needed stimulus bill to rescue the economy from the coronavirus damage. The stock market is staging a turnaround with futures on the major indexes all briefly hitting “limit up” levels.¬†Here’s what’s happening:

8:12 am:¬†Chevron CEO says the dividend is the company’s No. 1 priority and is ‘very secure’

Energy companies are coming under pressure as oil prices sink, but Chevron CEO Michael Wirth said the company has no plans to slash its dividend. “Our dividend is our number one priority and it’s very secure,” he said Tuesday on CNBC’s “Squawk Box.” “We’re taking actions to preserve cash. It will have some impact on production in the near term, but…



Source cnbc.com

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