Election delay. Another wave, the u. K. In france report record daily virus cases. Good morning. Session volatile yesterday on wall street. Action, s p 500 futures are in the green. Flat on the year on the index. Alongside 50 up 0. 5 asian equities. Dollar index had a firm week, little change this morning, but we are up or the 1 , biggest weekly gain since april for the dollar. Nymex crude getting a lift, 40 a barrel. U. S. Equities, a volatile session fluctuated yesterday erasing this years gains briefly. The jobs data disappointed on top of stimulus talks. Dani burger is digging into it for us. Dani anyone trading yesterday is suffering from whiplash. We did get the s p 500 erasing yeartodate gains, and today it 0. 5 , unclear whether we will get that are not. We had converging forces between hopes for forces, poor jobs numbers, and new housing data that was optimistic. Thing that might comfort about what we saw yesterday, we are getting close to a correction. We need to drop 0. 8 on
500 on pace for their biggest quarterly gains in nearly 20 years, and the nasdaqs about to have its best quarter since 2001. We will break down all the numbers for you. While this quarter was rosy, the future might not be so bright. If you ask Federal Reserve chairman Jerome Powell, the fed head warning of an extraordinarily uncertain economic picture due to the coronavirus. Treasury secretary Stephen Mnuchin just wrapped up testimony on capitol hill, long day for them. We will go to d. C. For all the fireworks that happened in that room. Meanwhile, we are just nine hours away from the deadline for Small Businesses to tap into what is left of the Paycheck Protection Program. It still has more than 100 billion available. The ceo of Valley National bank is here to tell us how he thought the program worked and what should be done with all that excess cash and should there be more stimulus. Then theres this. The Work Life Balance turned upside down during the coronavirus pandemic but as st
Going on the president announces a travel ban but the lack in detail and large scale coordination is rattling the markets on the legislative side, theres little agreement on how u to move forward on any relief and just this afternoon, the fed announced a massive injection of liquidity into the market. It briefly shocked stocks higher but now weve drifted back down towards the lows o the day a number of big interviews this afternoon. Jack lew on the economic response cmes ceo, terror ki duffey on ty and ben is the former ceo of sprint currently sits on board of jet blue hell join us to discuss the pain thats being felt in the travel sector, and zoe, does it hurt we are all over this massive market sell off. Charlie from Ariel Investments is with us for the hoyer hour. Meg is tracking all the new details on this coronavirus outbreak and elan is in washington with the latest on the house stimulus vote. First, the new york fed just announcing that massive liquidity injection. Cnbcs senior
A. Full hour in traffic plummeted an entire continent into chaos and violence. This is the journey back into the history of slavery. I think we will truly be making progress when we all accept the used to have slavery as all of our history. Our documentary series slavery routes starts march 9th on g. W. Its the story that will go away from Consumer Behavior to market movements the coronavirus continues to dominate the world does not Ask Companies see profits wiped away no make this in the United States approves a plan to fight the ad break lets take a closer look at whats on the state. Also coming up try getting your hands on face box or how sometimes are in germany shelves are empty out shoppers for. Not anti some of the worlds most fairytale destinations are waking up to the reality of declining tourism from china. This instead of the business line Kate Ferguson welcome the u. S. House of representatives has approved a plan to spend more than 8000000000. 00 on fighting the coronaviru
Stephen beard good to have you with us asian stocks have been on the rise as governments and Central Banks take aggressive measures to fight the coronaVirus Outbreak and limits its Economic Impact on kongs hang seng index rose nearly 2 percent while in tokyo the nikkei index ended more than 8 percent higher shares also rose in Southeast Asia there are signs that Chinese Companies are slowly grinding back to life after weeks of lock downs and quarantines markets rallied after a surge in u. S. Markets and the i. M. F. Has announced 50000000000. 00 in funding for countries hit by the epidemic. And lets go down to correspondent in taipei those on han. Flickers of optimism there from asian markets youve been talking to managers and executives of chinese businesses do you see a similar optimism there. Well im afraid to asian underground doesnt look so optimistic though the Chinese Government figures are fishel figures show that over 70 percent of the of the production has been restarted it a