The economy continues to rage on. I will get reaction from trump attorney jenna ellis in just a moment. And what did china really know . Was this virus released in a lab . Where does our relationship with the country of china go from here . I will get answers from Florida Governor rick scott. All that and more on making money. Charles well another morning of disappointing Bank Earnings and reminders of just how quickly economic carnage can pile up when you shut the economy down. But markets continue to also exhibit some spunk and attract buy on dips even on bad news, folks. So what is motivating markets . I want to bring in money map suppress, Keith Fitzgerald and point view Wealth Management david dietze. Keith, let me start with you. The dow is down. I dont consider the dow fob the market. There is no google, amazon, facebook or utilities and boeing has too much influence. S p for the most part higher. Nasdaq soaring what do you make of resolve were seeing these days versus two or th
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the
One and it continues to gain weight against other currencies and nymex crude. . 43 at the moment and it has been up and down and we are looking at 82. 36 per barrel for west texas intermediate crude. Jon some of those Energy Stocks is what we are looking at with crude on the move but other macro stories we are tracking is the moodys downgrade of some regional banks. M and t bank shares are down about 2. 5 . Youve also got this overarching theme from ups about volumes right now being weaker and that raises concerns about the economy. Ups shares are managing relatively well, off about half a percent today. Wanted to remind our audience that eli lily, the potential for their weight loss treatment in the early sales pictured there is getting people excited and the stock right now is 13 . Going any other direction, beyond meat down about 15 on the day in the reality perhaps the economy or the inflation story, people making decisions on what they want to pay for, maybe a little less on plant
Swooned 8 1 2 its biggest one day dive in more than eight years. While you may not own any chinese stocks the continued volatility does matter to investors like you. Its reigniting fears in the worlds second largest economy. A number of big u. S. Companies from caterpillar to whirlpool express concern about the slowdown in change in a, there are new worries about the effectiveness of beijings efforts to prop up the market. By the close, the Dow Jones Industrial average suffered its first fiveday losing streak since january falling 127 points to 17,440. The nasdaq dropped 48 and the s p sank 12. What triggered the big global selloff. Mainland china stock markets equities plunged more than 8 . Thats on signs that beijing may be backing away from supporting the market while concerns over Economic Health soured sentiments even further. The largest list of companies, fell 8. 6 . While the shanghai composite lost 8 1 2 as you see here the drops were the biggest since february 27th 2007. Inve
Swooned 8 1 2 its biggest one day dive in more than eight years. While you may not own any chinese stocks the continued volatility does matter to investors like you. Its reigniting fears in the worlds second largest economy. A number of big u. S. Companies from caterpillar to whirlpool express concern about the slowdown in change in a, there are new worries about the effectiveness of beijings efforts to prop up the market. By the close, the Dow Jones Industrial average suffered its first fiveday losing streak since january falling 127 points to 17,440. The nasdaq dropped 48 and the s p sank 12. What triggered the big global selloff. Mainland china stock markets equities plunged more than 8 . Thats on signs that beijing may be backing away from supporting the market while concerns over Economic Health soured sentiments even further. The largest list of companies, fell 8. 6 . While the shanghai composite lost 8 1 2 as you see here the drops were the biggest since february 27th 2007. Inve