Reporter good afternoon to you, melissa. Lets look at the market as theyre settling out. The dow looks like it is finishing down by 524 points. You mentioned the s p 500, that is important too, down 8 1 2 from the record high on september 2nd. 3580. You see the s p closed to 3236. You mention what dragged us down, it was selloff in tech late in the day. Well get to that in a moment. There was optimism early on in the session with respect to coronavirus vaccines, Johnson Johnson entering the latestage three trial that was a little bit positive for investors to get their heads around but again look at these dow losers here. Sales force. Chevron. Apple was one of the big ones, amex and boeing. On nasdaq, losers, fedex, amazon, netflix, align and liberty global. It was a rough day when it came to some of these stocks. It was sort of stock specific and then dragging all the indices down together. Remember this has been choppy for the last couple weeks right now as were heading in and gettin
S p indicated down about 4. 5 looks like the 10year is yielding below 1. 6 . 1. 549 well talk about what china did. Loan rates there dropping as the company tries to take on the impact of the coronavirus. Lets get an update now on the coronavirus. The people on the ship, a couple of people did die from the coronavirus. China as we heard cutting its benchmark lending rate that was expected. Authorities looking to boost the market unfortunately, two passengers from the diamond princess cruise have died. The first reported deaths in connection with the ship which was quarantined off the coast of japan nearly two weeks china is again, changing the criteria of confirmed cases adding confusion to tracking going up or down and whether weve seen a peak or close to a peak l brands reportedly selling shares of victorias sek receipt valuing that brand just over 1 billion. This had been expected that theyd pay for it. L brands chairman and ceo will step down as part of the deal but remain on the b
Gains at the open although still on track to break that twomonth winning streak plus pharmaceutical stock rallying ahead of the open, this after Johnson Johnson received a smaller than expected judgment against it involving its sale of opioids. And facebook targeting snapchat again the social network reportedly developing a new messagingapp that would allow even more sharing between friends. Sharing. We share look. Were always sharing. The market is up. Receive watched this market from 3 30 this morning up until now, and theres nothing. Nothing nothing i mean, not even the bonds theres nothing. But people will foment reasons its going up and i refuse to do that you refuse to do what to explain right i think a lot of people recognize that without a new tweet thats disruptive, theyd better get a little longer well get back to fundamentals for while until were interrupted by a new update from the trade war. Hard to know which way thats going to go. Yesterday, jim, we obviously noted this
Countries. Thats 130 out of 140 countries. He is completely upside down. What youre saying is were 130th instead of first . Correct. What youre also saying is, im confused here, willie, i think somebody this is the second time hes done this. s he looks at the Johns Hopkins charts. Can we put this s houp . Yeah. What theyre showing here is the ten worst, if we can put up the Johns Hopkins chart. E jo there it is. It shows, actually, yeah, were sitting at the ninth worst in the world. Or number one, however you want to look at it. I mean, weird. Yeah. Im not sure where the president gets that information. Itha appears to be complete disinformation once again from the president of the United States. Good morning and welcome to morning joe. It is thursday, may 21st. Along with joe, willie, and me, we have White House Reporter for the ite associated press, jonn lemire. Host of msnbcs politics nation and president of the National Action network, ti reverend al sharpton. Former chief of staff
The 55-year-old business plans to grow in the next three to five years from an eight-restaurant regional chain in Illinois to about 50 restaurants in the Midwest and Southeast.