And markets are back in the red as the number of cases of the coronavirus eclipsed 200000 this is the one business show you cant afford to miss in washington coming up markets are back in freefall despite proposed stimulus measures so where do we go from here we bring you expert analysis and the outlook for stocks moving forward and drop in travel the Aviation Industry has been slammed and now some manufacturers are asking for a bailout well break down the harsh beating the sector has taken we have a back pack show today so lets go dive right in. The u. S. Markets have taken a nosedive again wednesday as the Circuit Breaker was again triggered in the afternoon causing a 15 minute halt in trading on wednesday alone pointed to its lowest level in 18 years and theres a lot to get to here theres so much news so lets go ahead and bring in 2 bucks cohost christine who joins us from Los Angeles Kristie to break down this wild day on wall street. Certainly its like a rinse and repeat of earlie
Cant be sustained as the chart continues to make higher lows indicative of a bear market now that prices plunged again down over 24 percent hitting an 18 year low as the lock down to counter the pandemic resulted in an even greater demand shock than previously expected saudi arabia is contained just broad broad record high oil is of true 12300000. 00 Barrels Per Day over the upcoming months despite the slump in demand now as saudi and russia contain a battle for market share Goldman Sachs is forecasting a full to as low as 20. 00 in the 2nd quarter there doesnt seem to be anywhere to hide in this market accepting cash gold continues to be under pressure down over 2 percent as battered investor took to unwind damage positions and reduce leverage bitcoin on the other hand looks to be doing exactly what it was made to do as it is unscathed by the volatility this week holding its support level above 5000 proving itself to be the perfect asset in a financial crisis the Trump Administration
And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy products and netflix was slightly up this morning before giving up gains as a quarantine has forced Many Americans to stay a
The most successful ceos on wall street and beyond busy. What one big box is telling analysts amid panic buying its friday, march 6, 2020 and Worldwide Exchange begins right now. Good morning welcome to the show. Joining me the entire hour, Citi Private Bank global strategist who will write down all of the headlines for us now to this mornings top stories and breaking news. Wall street is once again licking its wounds after a wild day of trading yesterday a wiswing of more than 3 . Just four days, up 1,300, up again. You can see the dow is indicated again down 515 points. It is important, weve seen about 200 points in deceleration levels all of this coming off yesterdays moves. All the major averages are in socalled correction territory those were record highs. Those moves are happening with the treasury yields and benchmark hitting its lowest level in history listen to what double lines told us yesterday i think we are pretty low right now. I think maybe well get to 80 basis points i
And apple named a top pick for 2020 the tech titan is on pace for its best year in a decade and one wall street analyst has five reasons it can continue to outperform its our call of the day the Investment Committee is ready to go. Halftime report starts right now. Welcome, everybody. Its good to have you with us on this friday. Your Investment Committee to wrap out the week. Jim . John and carrie. One of the top 100 investment advise advisers congrats thank you number 25 top 100 top quarter according to my math thank you the overall markets, the nasdaq is trying for its 10 th straight day of gains. If that happens it would be the first time thats happened in a decade so its great. People are buying stocks feels like almost like theyre worried about just gooing it up, santa clo santa claus rally, whatever you want to call it, but im worried about next week. Thats legitimate to be worried about it, but lets not worry too much lets be joyous and expect to ring in the new year with sp ent