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
Capitulation. I think investors are trying to figure out when does it come. How do you know . Abigail you feel the panic and fear. Highyield is selling off , credit selling off. We are seeing the haven bid. The other thing you would want is that capitulation bottom. Technically, we are nowhere close to the bottom, so we could see days and weeks of this kind of relentless selling, very reminiscent of 2008. Take a look at the Energy Sector, down more than 15 , its worst day ever going all the way back. That is the degree of the fear, the uncertainty and the selling of an on today. David you are a technical person. Give me an example of resistance on the s p. Abigail we are looking more at support, which means we want to see where the buyers are stepping up. You want to go to a weekly chart on todays open. We are well through the 100 week moving average, which means we will probably find support down. If we are lucky, that is at 2640 , but i would make a case for 3300. When you have bonds
Heard in the vicinity of the president ial palace as schrock on he made his inauguration speech on started speaking again was the noise subsided, telling attendees to stay calm. Ghani, the former president , took the oath of office today, after he was declared the winner of todays contested president ial election. The former chief executive who also declared himself the winner held a parallel ceremony in the capital. Both claim victory in the contested vote that was marred by allegations of vote rigging. The head of the International Atomic Energy Agency warned iran today that he expects to get access to the undeclared suspected nuclear sites. His warning follows the announcement last week that it identified three locations in iran where Nuclear Activity may have taken place without being declared to international observers. Of denial ofcase access under additional protocol. We never had this before. Second aboutr a iran. If i get a denial under additional protocols for complementary a
Members of congress are in self quarantine after possible exposure. And a Dramatic Development in italy tonight. Travel restrictions have now been placed on the entire country of 60 Million People. In addition, no public gatherings, no public sporting events. The Prime Minister directly told his people to stay at home. Weve got Team Coverage tonight from california to d. C. To rome, and well answer some of the most important questions surrounding the virus. Nikki battiste is going to lead us off on wall street. Nikki . Reporter norah, a stunning day here today on wall street. The markets were sent plummeting by a Global Oil Price war and concerns over the coronavirus, another massive stock drop thats stoking fears of a recession. bell ringing the closing bell ended a bloodbath on wall street, down nearly 8 , the worst finish in over a decade left traders almost speechless. I think people are scared. Theyre looking at their 401 k s. Its clearly markets in turmoil. You know, its hard to
Company. In the Obama Administration reveals they coached her on what to say for hunter biden and bres mom. Democrats using focus groups and democrat states to include their messaging. That is what you hear bribery. Lets debate, democrats crying wolf for three years. Even some in the liberal media worried that democrats are flailing, the president and the attorney general meeting yesterday with the animate release of the Justice Department and Inspector General report on the Obama Administration for the trump campaign. How that report will collide with impeachment. Republican senators say their game plan will be as republican senator Chuck Grassley used the word cover up and asking why the fbi officials as they tried to stonewall the ig knowing this report could hurt them. The stock market hitting historic highs, the economy going ahead and more people working than ever. This as Rashida Tlaib has always wanted to impeach trump attacking economic policies now, shes accused by the house