Falling 973 point, but the real damage was done in the small caps which got a lot smaller today. The small cap indexes, you name it, you can throw a dart and hit one, it was down 7 to 8 . Small caps on concern of the domestic economy taking it on the chin you also have to look at the big banks. Big bank stocks also in the red. You heard the gang before just talking about it and also focus on boeing. Boeing losing another 12 today. Another very difficult day for boeing and the airlines in general. Just a reminder, we of course, at 5 00 will be monitoring that White House Coronavirus press briefing when it occurs, if you have marketmoving headlines or headlines that you need to know, we will bring you into that as always, waiting for it to begin and well dip in once or twice during the show, as well welcome, everybody as said, im Brian Sullivan and we have a great trader panel we have tim, karen, dan and guy. The gang is all here, and karen finerman, i want to begin with you because i kn
The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowest level since 2008 and pumping 700 billion into the Financial System. Were waiting for a rescue package from congress. Were waiting to see if the administration will put money directly into the hands of affected workers, helicopter money, for example, and into desperate industries. A kind of modern bailout. So whats next . We will find out in 90 minutes. At 10 30 eastern, Vice President pence hold
Corp. Downgraded we will debate on call of the day. The Investment Committee is ready to go. The Halftime Report starts right now. And it is good to have you with us today. Our Investment Committee here, jim lavin all this, jon fortt. Dave wise, jen, liz young is back also with us on set today is ed. Lets begin with the rally stocks hitting record highs today. The dow closing above 29,000 is it time to buy or is it time to worry, liz . I am an incurable optimist. Not really ever time to worry that much. I say this all the time. You must be present to win i always believe you should be in the market. I still think there are places you can buy stocks josh brown, big friend of the show, i think he posted on twitter yesterday the market isnt even due for anything. We shouldnt pay so much attention to the calendar or the fact that it has been a long time or things have gone on to a long time. You have got Pay Attention to valuation right . Not as much as we used to i dont even know. With Mo
Stand by their decision to increase fuel prices and impose rationing despite a furious response. We begin in sri lanka where the Opposition Party led by got a bare rajapaksa has declared victory in the president ial elections his rival subject the premadasa conceded early results put rajapaksa over the 50 percent mark needed to avoid a 2nd recount rajapaksa is the brother of former president Mahinda Rajapaksa and was defense chief when the tamil tigers were defeated 10 years ago the election was dominated by rising religious tensions and a slowing economy or subject says he will stand down as the deputy leader of the United National party in a statement he said weve just witnessed the most peaceful president ial election in the history of our independent republic this was a result of the democratic gains and Institutional Reforms that have taken place over the last 5 years that empowered an independent Elections Commission and restored the rule of law my appeal to the incoming presiden
Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. What stood out to you . David yes nejra yes, that ters, one ofo dissen whom was michael saunders. If there had been 80 dissenters, he was one that was expected. That split vote had been any dissenters, he was one that was expected. That split vote coming as a surprise. I am just taking a look at some of these headlines here. In terms of cutting the inflation and growth forecast, that was expected for both 2020 and 2021. It really is that split vote that has come as a surprise because all of the ec