Moderna theyre looking forward to move to vaccine testing. Were heeding warnings of social distancing. Were separating out. Were over an hour from the latest virus tax force briefing. What can we expect . I dont know. Here is what larry kudlow told me of possible stimulus. Roll the tape. Well reach for every available way to mitigate and stem and undergird both the health side and the economic side. Stuart his actual expression was, whatever it takes. All of that and more on making money. Stuart were sinking. Stocks are sinking across the board. There is economic uncertainty. The fed stepped in with rate cuts and injection of cash. Right now weve got the markets off of their lows of the day but only just. Here is an old friend of mine, old colleague, market watcher shah gilani. All right, shah, we saw this morning at the opening bell. We dropped 7 . Reopened the market. We dropped 12 . I was inclined to think that was the washout selling, catastrophe selling, the capitulation selling t
This number, down 664 points, for a loss of about 8. 5 . Crude oil at the moment, it has been vicious and quite a violent downside move, even after the ones last week that were very ugly. We see crude oil setting at 28. 70 but in the aftermarket, we are just above 29. Call it straddle. We are right at 29 a barrel. We have major developments this afternoon putting even heavier pressure on the markets. Canada moves to close its borders and the nations airlines are seeking up to 50 billion in aid to support the massive plunge in bookings as of course, social distancing affects all forms of travel. In this hour, we do expect that live News Conference held by the white house by the Coronavirus Task force. 3 15 p. M. Eastern, 14 minutes away, as you heard. We understand the secret service has now started taking temperatures of those in attendance. Heres a couple questions we at countdown want to know. Will we see more stimulus announced . Will the status of the nations airports change at all
Course as tensions in the middle east are very high also new chapter for u. S. Cosmetics giant avon its not part of the brazilian personal care group nutura the groups new ceo will join us later this hour. Stocks are extending a selloff, oil and gold prices continue to climb. This is iran and the white house, trade threats following of course the u. S. Air strike that killed irans top commander. Jim, happy new year. Happy new year. Nice to see you, my friend. Good to see you, buddy, way too long i missed you. I know you feel the same but i havent heard you opine on this market and what risk there is in the geopolitics, in the backandforth, our viewers im sure are familiar with the president s tweets over the last lets call it 24 to 48 hours, sort of saying weve identified 52 sites that we would take action against if in fact you do something, and also notifying the congress, he said, as well, if iran should strike any u. S. Person or target wed quickly and fully strike back, perhaps in
Going down. Look, i have the i have a list in my hands, like senator mccarthy of 54 known stocks in the s p and how they would do inverted the top 20 ive been working on. Three are hurt 17 that win. If everybody decides that theyre going to pay less for every stock because of this, all lose the algorithms are set to make sure all these use our economy is not as uniquely sensitive. These are not exporters that need to have a dollar weaker dollar is just getting stronger. Extraordinary rally in the dollar dont want to see it i struggle to reach a conclusion that this is all bad given the fact that germany had rates for some time and the market is not doing that badly, even though they have an export economy and their dax, real terms, is up even though theyre exporting right to china in and those sales are weak as we see the numbers from china it is not the end of the world or the German Market would be down. No one is asking if it is the end of the world if it is the end of the cycle, ri
Dagen a big show this morning everybody. Of course well be covering the weekend shootings in el paso, texas and dayton, ohio. And the political call even the nationwide call for something to change. Joining the conversation this morning, barons associate editor, jack howell, lee carter and mitch rochell. Welcome, all. So much to cover. So much to cover. I dont even know where to begin today. Dagen a somber morning for this nation, most certainly. Lets start with trade and whats going on in the market. So our top story, trade tensions, Global Futures and markets around the world, u. S. China trade talks at a standstill and possibly taking a step back. The chinese yuan taking a step back, many see it as a response to President Trumps planned tariffs and a sign that any trade agreement is on hold. China hitting American Farmers, asking china asked state owned companies in that nation to stop importing american agricultural products. This is according to bloomberg news. China denying the a