Dragged down by the more powerful bond market taking 357 points, s p falling. 82 nasdaq advanced a basis point, stunning comback but lets not get too carried away, still the worst woke for the averages since the financial crisis the bond market is bigger than the stock market we dont talk about it because its boring. But its important to the direction of your portfolio. Everythings wrapped up in bond yields always has been. I learned that 40 years ago. There are multibillion dollar programs that sell stocks whenever those yields go down. Its form got as lows a 1. 1 today, closing at 1. 16 thats a record low level, signaling the economy is growing weaker, and quality investors hide money in fixed income, coronavirus supply chain the bond market is screams that the coronavirus is far worse than most people realize Global Commerce will take a real hit and it might even be something similar to 2008 when all hell broke loose i cant tell you whether the bond market is right im not an epidemi
Welcome to squawk alley. Im jon fortt. David faber and Morgan Brennan are here a lot to get to today, including winners and losers from last nights Golden Globes. Well begin with todays market drop, though stocks are off the lows, actually at the highs of the session. Bob pisani has whats driving todays down swing and maybe swing a little back up more than a little. We almost went positive a few moments ago on the s p 500 heres the intraday. This is similar to friday. The low print but v was there at the open friday we tended to have faded into the middle of the day, looked more like that. Well see if the same pattern happens. For the moment, we touch even going on the s p ill show you the sectors here cyclicals tend to be most affected energy on the upside today mostly the big integrated companies that are up, shale down, e banks down but off the lows same with transports not a good day for the transports overall retail is down, but again, off the lows thats the general pattern you se
May come to order . I consent that military can call resources, i ask unanimous chant that they recognized for ten minutes each during the question rounds, and without objection, so ordered. Before i begin and similar to the previous hearing on the 737 max, with the ceo of boeing testifying in october i want to explain that administrative manners regarding some documents we may use, i will be making two unanimous consent requests and reference to to document lists, list a, list be. First the documents contained on this to be our marked export controlled, apparently they stamp everything. We have been advised by house general counsel that they provide ample authority for us to release these documents. However, with regard to documents i will be making unanimous consent requests regarding the release of these documents, pursuant to the control act. Second, i will be making unanimous consent request to enter the documents on a list day into the hearing record. This includes additional doc
May come to order . I consent that military can call resources, i ask unanimous chant that they recognized for ten minutes each during the question rounds, and without objection, so ordered. Before i begin and similar to the previous hearing on the 737 max, with the ceo of boeing testifying in october i want to explain that administrative manners regarding some documents we may use, i will be making two unanimous consent requests and reference to to document lists, list a, list be. First the documents contained on this to be our marked export controlled, apparently they stamp everything. We have been advised by house general counsel that they provide ample authority for us to release these documents. However, with regard to documents i will be making unanimous consent requests regarding the release of these documents, pursuant to the control act. Second, i will be making unanimous consent request to enter the documents on a list day into the hearing record. This includes additional doc
Up to 4,500 jobs are at risk at energy firm npower, as a Restructuring Plan is announced. The met police is to pay the former mp, harvey proctor, £900,000 in compensation and legal costs. He was wrongly accused of being part of a westminster paedophile ring. Mr bartley is ready and waiting to answer your questions and a study on smartphones finds a quarter of young people good morning. Welcome to the bbc news at nine. The conservatives have complained to the broadcasting regulator about channel 4, accusing it of bias and of a political stunt. The broadcaster replaced borisjohnson with an Ice Sculpture, when he declined to take part in a debate about Climate Change last night. The brexit partys nigel farage also stayed away, and was replaced by a sculpture, but five other Party Leaders took part. Lets get more with our political correspondent, helen catt. Good morning. So the conservatives trying to push the focus onto channel 4 with this letter to 0fcom about what they call a stunt. B