Federal reserve vice chairman speaking in washington to the National Association for business economics, saying that the fed is close log monitoring the coronavirus. So maybe a slightly different tone than last week. He said it will be a noticeable impact on china in the First Quarter, and that could spill over to the rest of the global economy. Too soon to speculation on the size or persistence of those global effects the probability of rate cuts reaching alltime highs for the individual contracts, april, a first duty now at 63 , it is probability of a second customer, and now over to 50 for a third cut in december for the first time, so the majority of position in the mart right for you, sara, going along with a huge decline in the tenyear to alltime lows and the downdraft in the stock market is now for there to be three rate cuts this year from the federal reserve. I know we parse every word from every fed official. Is the bottom line here that the fed is maybe storming to warm to t
Bremmer, and Gabriela Santos the dow is down now almost 700 points again coronavirus fears sending the market plunging. The dow falls at one point more than 1,000 points at session lows all sectors going into correction territory which means 10 off their highs. Stocks are off to the worst level of the session after jay powell came out with a statement saying the fundamentals of the u. S. Economy remain strong and bond yields are plunging again sending Mortgage Rates to their lowest levels in eight years joining us for the hour, the final hour of trade is lindsey bell from allied invest. Also with us is senior markets commentator mike santoli as always to take you through the bell lindsey, what are you getting from some of your clients and what are you telling them . Our clients are retail clients. They are definitely concerned. So were telling them first and foremost, please do not panic. This is why you should have an investing plan in place. And always go back to that plan to reasses
A payroll tax cut to provide shortterm stimulus, pu sources telling cnbc the white house is far from ready to roll out the proposals and a number of Companies Cutting their dividends and Spending Plans guests this afternoon, the ceo of jet blue as the company pulls its guidance due coronavirus jim oneill joins us to discuss the Economic Impact and government responses around the globe and what to do with your money now. David herro will join us as we count you down into the close. 59 minutes left of trade joining us for the full hour, paul hickey and paul, you guys have been doing some research as to how key and how stomach churning this final hour of trade has been this really is the most important hour of the day lately over the last ten days zblsh repeat that. Most important hour of the day. Over the last ten trading days, weve seen an average move of 1. 1 in the s p 500. Weve only seen that five other times going back to the early 80s last 15 minutes of trading, average move of. 8
On this busy day, weve got full team kovrnl like you could not get anywhere else. Bertha coombs at the New York Stock Exchange Steve Liesman digging into the Economic Impact and meg here with the larapid response from companies. Dow down more than 1000 points b Bertha Coombs is there for us. Hi hi, kell lichlt the dow taking out its january lows today and dropping below 28,000 for the First Time Since december chip makers among the biggest losers today the surge in cases now in south korea, weve also seen the consumer names, tap tri leading the sell off while carnival crashes. Health insurers, its about medicare for all about Bernie Sanders put in a decisive win following a big win in the New Hampshire primary. That sector down 9 from last week finally, bucking the trend at the opposite end, gilead hitting a new high with Health Officials siting process on the ability to treat the drug and clorox, but guys, keeping things clean is the first line of defense against infection. Thank you
Economy. Investors are digesting the continued momentum of Bernie Sanders. Yields weaken to a nearrecord low, tenyear, another sign of the markets flight to safety Jonathan Gray, the perfect guest to talk markets and valuations well have more comment tear from liz ann saunders, david, and jeff sherman, how companies are recovering to the virus, and what this means for your Retirement Planning with suze orman. An actionpacked couple hours with 59 minutes after the session. Mike santoli with his dashboard. Kate rogers is tracking the plunge of the nasdaq eunice yoon is in beijing, and meg tirrell has details on hopes for a treatment. Joining us is andecember anastacia amoroso. We would have expected for this to be behind us, but what were saying is this is to be expected, this is valuations were pretty stretched already. Hedge funds ctas were pretty levered up we are not entirely surprised by this reaction. If you asked what were telling clients to do is look to the Options Market they t