Doesnt work for us it doesnt function for us. This is cant be happening in america we call from the streets weve got to deal with why this is the reason i have to run like this is the reason. This is boom bust the one business show you cant afford to miss im sam on tax day ok in washington coming up u. S. May unemployment numbers are in and the rate is much lower than expected pending Global Markets 3rd thing plus the turkish vision to ban chinese Passenger Airlines but still time to limit flights will both of us tell those to and investing in astonishment want to explain we have a pack show today so lets go and dive right. Us may employ unemployment numbers are in and the bureau of labor statistics show the Unemployment Rate dropped to 13. 3 percent that number was expected to be closer to 20 percent it didnt take long for President Donald Trump to declare victory today is probably if you think of it the greatest comeback in american is you but you did something to stop here its going
Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover
Commercial free dan nathan tim seymour and. And the head of rbc capital markets. Let us recap how this incredible day played out the dow just had the biggest point drop in history. Falling 1190 points. A 4. 4 drop. The dow index has now lost 3,200 points in week alone its now down nearly 10 this year the s p meantime falling 4. 4 as well handing in the worst day since august of 2011 and this is the fastest correction, a 10 drop from highs in the entire history of the stock market lets focused on big names you know controlling the market, fangs tumbling as well and took the market with them you had apple down 6. 5 . Google 5. 5 and microsoft a 7 drop wow. As stocks sold off buyers they flooded into bonds the 10year yield at one point trading at 109. 24 ended at 1. 26. The lowest at any time in American History for the ten years. Bond traders expect a rate cut on march 18th. But there is chatter possibility of intrameeting cut between now and then all told, the fear on the street is very
flights are delayed or canceled. new rules could give vouchers for meals, hotels, and new flights if they are slowed down in getting to their destination. sandra: after months of issues at airports all over the country, biden administration says it will make airlines think twice before they scrap a flight. but will it do anything to fix the problems the airlines say cause the problems in the first place? john: oh, don t you just love to fly. john roberts in washington. strap in, sandra, here we go. sandra: i can guarantee everybody listening has their own personal horror stories of travelling recently. welcome, i m sandra smith in new york. big money show panel is here, jackie deangelis and brian brenberg will react to what we hear from the president a short time from now. john: first fox news alert, all hands on deck in the lone star state. 545 texas national guard troops deployed to hot spots across the southern border. sandra: video shows the first group of troop
Creek to a currency to the tune of 20 million. He spoke with him that his optimism for the currency will in saudi arabia back in october. I do think people are a little bit, maybe under bitcoin specifically because it is like a reserved form of money, like old and its just a store of value. Do dont need to make payments. Maria with the big means coming out this morning. The tax bill pay enough for American Workers. The very latest as Southwest Airlines and American Airlines say they will give 1000 bonuses to employees. Butcher block the u. S. Government denied alibaba and financial proposed 1 million acquisition of Global Payment Service money grants. The decision could have on u. S. Companies trying to sell abroad. Markets kicking off the new year record territory. S p 500 and nasdaq closing at new highs yesterday. The nasdaq cracking 7000 yesterday. Dow dow industrials has the secondhighest close close on record up 105point. Take a look at the action could the momentum continues up b