Costco inver go in to any week. 27 this week alone. Travel stocks hitting hard getting hit hard. It is pain in the sector of the market. Scarlet lets check in with our reporters to get more insight on what they were watching heading to the close. Abaco, get uss, started. The s p 500, this is the last three weeks back and correction on the coronavirus. As for the uptick, volatility i am told it had to do with corporate buybacks and that is when corporations come in here we see a little bit of that but we are still down and technical damage done suggesting more selling probably ahead for the s p 500. This the fiveyour chart in relationship to the 200 week moving average fiveyear chart in relation to the 200 week moving average. Back in 2015, once the s p 500 went below the 100 week moving average, it cuts down to the 200 week moving average heard a similar situation in 2018. Last week going below it and this afternoon touching off of it. Bearishthe inside candle suggesting volatility and
Years, along with china and others. Alix and today is the start of the fomc meeting, and hes been putting a lot of pressure on them. What are you guys doing for me and my growth . David it is fascinating that hes really accusing them of being a currency manipulator. Alix we have another headline crossing, saying that they a rate cut as a primary tool for stimulus, outlining what draghi said. What is surprising in that headline is that the rate cutting will be the primary one. David particularly because he mentioned Forward Guidance and the asset purchase program. Now the report is that when they do it, they are going to do it through the rate cuts. Alix to me, the question is how much lower do you want to go . You are already at a 40 basis points. How low do you go, and what does that mean for your tltro, the longterm Borrowing Program . David and ultimately, is that going to get them to do percent get them to 2 . They havent gotten close. Alix our other story is facebook, so staying w