The s p is down 1. 9 . The only sector higher are the retailers, but in the s p, that includes netflix and amazon. Crude oil up . 43 right now, 1. 9 . The retailing index, up 1. 6 . Abigail doolittle is with us now for a deeper dive into the afternoon session. Abigail it is certainly a risk off tone with the across asset class check with stocks lower. A look at the major averages, the dow is down 2 , the s p 500 close. Interesting, the nasdaq is down just pointed percent after that big rally you were mentioning last week. The question is, is this healthy consolidation or the beginning of a swing back down to the sears lows this years lows . The russell 2000 also down 3 . That was the best performer last week. Maybe suggesting consolidation, but it is all about earnings, uncertainty about what the virus will do to earnings. Take a look at oil after the opecplus deal output cuts of about 10 . Oil is up 1. 5 . The energy sector, one of the better sectors. Those are the movers to the upsid
Things will get worse than they are right now. It is 10 times more lethal than the seasonal flu. The flu has a mortality of 0. 1 . This has a mortality of 10 times that. Much dr. Fauci says how worse things become depend on the ability of u. S. Authorities to curtail the influx of travelers who may be bringing the disease into the country, and the ability of states and communities to contain local outbreaks in the united states. Italy has unveiled a 28 billion stimulus package to help the the coronavirus outbreak. Italy needs special permission from the European Union to spend more than allowed under the strict budget rules for member states. The country has more than 10,000 confirmed cases of coronavirus. More than 600 people have died in italy. Im Mark Crumpton with bloombergs first word news. Bloomberg World Headquarters in new york, im shery ahn. Amanda lang. m welcome to bloomberg markets. We are joined now by our audiences, and here are the top stories we are following from aroun