Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases r
12 Million Barrels a day, flooding already saturated global market. That saw crude drop 30 . 10year crashed below 50 basis points and now there is concern we could join other western nations with negative yields, japan, germany, switzerland, netherlands, belgium and france. Major markets around the world before the u. S. Opened sparked enough selling for Circuit Breakers to limit preopen downside. Those limits are drifting in, Circuit Breakers once trading got underway. To discuss, erin gibbs and Capital Wealth Planning chief market strategist, jeff saut. Jeff, great to have you in studio. Pleasure. Connell charles my man, youve been calling it up and down. Youre reworking mod tell feverishly as the numbers change dramatically minute to minute. Where are you now . I was on your show in january, short term signal ad sell position. We told me to sell positions and raise cash. I didnt think it would be this bad. We were dealing with the virus and bernie surge in the polls. This collapse o
Just a few minutes ago we hit another record low. The nasdaq of course is obviously under stress as well, down triple digits. Then of course, the Dow Jones Industrials completely lower by 1,862 points, although i would point out the low of the session is a loss of 2,096. Let me take you back to four minutes after the open. Stocks fell so aggressively that the First Circuit breaker as its called, the level, level 1, to halt trading kicked in and that exact trigger would be the s p 500 hitting level 1, a loss of about 7 at that time. Now, after 15 minutes, this is what the dow was doing earlier on the new york Stock Exchange, after 15 minutes of the halt, stocks then reopened and thats when the dow promptly fell 2,046 points. At its low, 9 50 a. M. Eastern time exactly, coming within 200 points of a bear market level. In the last 15 minutes, the dow hit another new intraday low so we can change that 2,158, 2,158. Lets talk about oils response to this deadly Coronavirus Impact on the glob
Home builder market, as crazy lows spark a mammoth rush to refi but could rates drop even lower . Mortgage guru barry habib of mbs highway here exclusively on whether you should pounce now or whether you should wait. Opec plus russia, fretting about the deadly contagion as the price of oil plummets. Its no longer if, but by how much the cartel will slash production. Dan yergen is one of the worlds foremost experts on black gold. How low will that go . Dan has an idea. He will reveal it right here. Its a fox business exclusive. And as companies from bmw to twitter order their employees to work from home, theres a softwear Company Helping you get the job done without leaving your couch. The ceo is here on how well its working. With less than an hour to the closing bell and gold and bitcoin surging, lets start the claman countdown. Liz breaking news. Senator rand paul of kentucky, the only senator to vote no as moments ago, the Senate Passed the 8. 3 billion emergency funding bill. This b
That we lost trust in for a long time . I will get reaction from trump Economic Advisor steve moore coming right up. We have all that and more on making money. Charles coronavirus fears continue to take a to toll on the market but what else is bothering wall street . I have to say individual investors bending, not breaking, is driving walmart crazy. Bullish sent met rocket to 39 from 30 . So are individual investors too bullish . I want to bring in joel schulman. Trading with cody. Com editor, cody willard and point view Wealth Management dave dietz. You were shaking your head. Are you one of the wall street eliteists that until the market Sells Everything were vulnerable. So im seeing among my client base is about five to one. Everyone is panicking but five for every six. Get more money into the market, only one wants to take money out. Charles really . That changed over one or two decades this would not be the case 20 years ago. But isnt that the point. Joel, isnt that the point . Pe