Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year. 10year at 0. 664 . Andrew thank you, becky lets bring
Says the economy will take off quote, like a rocket ship when it reopens. The questions, though, are when will that be and what will it look like. The market is asking those very same questions as it searches for direction this morning. More green on the screen but again, markets want to know how much economic damage has been done. Meanwhile, moodys says economic output fell a staggering 29 in the first week of april. That is compared to march. That is the first full week of true social distancing rules in place across the country, and that was the result. Down 29 . The other big story of the day, the w. H. O. Is under fire from President Trump. The president saying he may freeze funding to the organization over its response to the pandemic. This is happening as we get more clarity on what may be in a fourth stimulus package. President trump wants 250 billion more for Small Business. Senator schumer wants a 25,000 bonus for front line heroes Like Health Care workers. And we also have s
Small rural town in oregon and i just ponder how in your professional career, youre traveling the world and living in a different environment completely but you have reported on World Affairs from all kinds of different reactions and some of the worst tragedies in the planet but you chose to focus on a small town in oregon, why . We were running around and covering mandatory crises and we would go back to my beloved hometown where my mom is still on the family farm and we saw humanitarian crisis unfolding there. A quarter of the kids who were on my old Number Six School bus were on drugs and alcohol and suicide and carol and i tried to process that in the kids who got on the bus right after me where the kids and their sisters and smart talented kids, farland died of drug and alcohol abuse, zealand died in a house fire when he was drunk and farland blew himself up cooking meth and regina died from hepatitis from drug use. For a while we wondered is this something about yamhill, we reali
Crisis and we would periodically would go back to my hometown of yam hill and we saw humanitarian crisis unfolding there, you know, a quarter of the kids who were on my old number 6 school bus are now gone from drugs and alcohol and suicide and sheryl and i tried to process that. The kids who got on the bus right after me were nathan, sister regina, smart talented kids. Farland died of drug and alcohol abuse, zeland died in house fire. Regina died from hepatitis of drug abuse. We wondered if this is about my bus, about yam hill and we realized this is a National Problem that we have despair, Life Expectancy is falling or was falling for 3 years in a row for america and that yamhill and my old was with pain across america. So you saw this through the lens of returning home and i think it almost could have been titled School Bus Number 6. So many stories drawn from the friends you had there and expanding from there and sheryl you grew up in manhattan, upper west side, i believe, its a wh
Nest nestle im morgan brennan. That news on boeing is shaving about 100 points off the dow concerns about the china coronavirus are frustrating emerging markets Software Stocks did help the nasdaq hit an intraday all time high earlier joining us for the hour is steve weiss. Great to have you. We certainly have seen major averages take a leg lower between this first confirmed case of the coronavirus here in the u. S. And then this news from boeing pushing out its forecast for return to service to the summer you still invested in boeing so i said on the halftime report, i think thursday, i told just about a tag into my position that morning then the news hit later in the day. Now we get a statement i was looking at it this morning. You hate to be reminded youre losing money i figure if the stock, when the max goes back stock maybe misses on the first 10 but i wont have to deal with that and losing capital heres the statement from the company. Ill read the first few words. As we have emph