With second largest point gain on record. Up 1,173 points yesterday for the duh industrials, that was 4 and a half percent. Nasdaq was up 334 points. About 4 . The s p 500 also higher by a quarter percent with a gain of 127 points. Coronavirus, crisis continues, california declares state of emergency as the number of patients in the golden state rises, the house passing 8. 3 billion bill to bat it will virus, the senate due to vote on that today. United and jetblue cutting flights to the United States, all that coming up. Samestore shelves, heared out of clorox and canned soups. Senator Bernie Sanders releasing ad barack obama praising him and joe biden hitting back and Mike Bloombergs expensive run to the end and is Elizabeth Warren coming next . Mornings with maria is live right now. Maria we begin with another volatile day in markets this morning. Take a look at markets overseas as we sea big selloff in the u. S. Cac quarante in paris down 91 and dax index in germly lower 120 points
This morning, oakland firefighters put out an Early Morning fire on foothill boulevard. We showed you this earlier today. It started at an empty house at 3 30 this morning. Crews heard an explosion and had to stay outside the home while fighting the fire. Six people from two neighboring homes had to evacuate as that fire started to spread. I jumped up and as soon as i jumped up i seen the whole flames on the side of my house. All these flames coming out. And then all my windows started popping out and my grandson was coming up the stairs and almost got caught by the blast. We just panicked and ran outside. Crews say they had that fire out in just about 40 minutes. There were no reports of injuries and the cause is still under investigation. Also, this morning, a fire at a home in daily city, that fire started around midnight. At one point, the flames spread to the second floor and the garage in the home. The flames and smoke filled the air there. It is unclear how that fire started or
Eamon javers is inside the meeting. Meg, what can we expect outside of this meeting . We did see the executives head in just a few moments ago as well as research chiefs theyre expected to discuss the status of development of both vaccine and drugs for the novel coronavirus. Gilead and regeneron have medicines in development, while the others are working on vaccines, as moderna las already delivered a batch for testling Stephanie Duke is catching up with stan erk, asking what he hoping to get from this meeting. Im hoping to get a commitment from the government theyll help us expedite the process. The case numbers are continuing to rice here, with seattle and king county just announcing an additional four deaths, bringing the total in this country to six. Guys what are you expecting, meg, in terms of the numbers of those that are diagnosed, given the fact that the cdc apparently is starting to provide more contests or is it in addition, we are starting to see local Public Health labs, a
Talking about what is happening with the coronavirus and appointing Vice President pence. As he was speaking, one of the cases of unknown origin that happened in europe as predicted if you look at the treasury now, you see the 10year is yielding 1. 297 . Not negative yet. President trump speaking about preparations last night. We are very, very ready for this whether it is going to be a break out of larger proportions or whether or not we are at that very low level and we want to keep it that way he has tasked Vice President mike pence he also addressed the market response i think the stock market will recover. The economy is strong, consumers are incredible thats why we are doing well and other countries are not even before the virus our consume rp is very, very strong very powerful economically. And the president put some of the response of the dow to the democratic convection. Are you suggesting Financial Markets are overreacting here . I think Financial Markets are very upset when
Tenyear yield falls below 10 and the Services Sector growing, accelerating with private payrolls beating expectations as well huge lineup of guests for you, starting with our closer, the ceo of camp bell soup, mark clouse that stock is up today and scott black, where hes putting his money in the mix of this volatility. And as we get another global Interest Rate cut today, this time from canada, we will be joined by former fed vice chair donald kohn. Joining us for the first full hour, final hour of trade is josh brown, ceo of ritholtz Wealth Management. Your take on the rally and how sustainable it is . Well, its a rally in the context of a market thats moved more than 2 in either direction in five of the last seven days, which has happened before, but its fairly rare and i think when you look at health care being up big today, yes, you can do a direct you can point directly to super tuesday and the nominee looking more like its going to be biden, which i guess is nice so now we have a