It is april 24, 2020, this is Worldwide Exchange on cnbc good morning. Welcome wherever you may be watching i am brian sullivan. I think i speak for everybody when i say tgif. It has been a rough and wild week indicating we may not get another break today. Lower now off about 100 points the index lower on the week with the dow, s p losing between 2 and 3 that looks now to continue those losses today crude oil is down 30 since monday prices are lower now if we extend physical guidelines to summer, that could keep gasoline and jet fuels low. One of the biggest World Storage producers will give us the story. That has certainly been a market mover. In asia, plenty of red across the board. Japan down nearly 1 shanghai and kospi also down more than 1 to close out their week stocks in asia declining largely on report of doubts from treatment from Gilead Sciences to the trade in europe, early following the foot steps of asia markets there are sharply lower with major indices all down 1 or more
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs
Areas. This is wednesday, march 18, 2020 and our special coverage of the coronavirus outbreak begins right now. Good morning and welcome im Morgan Brennan u. S. Stock futures at a down open the Dow Jones Industrial average is indicated to open down more than 1,000, the s p is down 120. If we were to open right now and the nasdaq down 386. Looking at the major etfs that are tracking remember, these are not subject to any of those limit down figures which paused dow etf is down nearly 6 in the premarket s p 500 is down almost 6 . The qqq is down almost 5 . This comes after an almost 1,000point rally yesterday. Recouping the losses with he saw on monday after the massive new stimulus in the face of the coronavirus outbreak and slowing u. S. Economy hopes around stimulus. Boosting bond yields we saw some big moves in the treasuries the 10year back above 1 at 1. 95 . We have seen a steepening of the curve. Check out moves of oil as well wti now at its lowest level since early 2016 trading a
Good news there . Kara little better. No liens are no longer bound. East bay is still slow. It is looking like a typical monday slowing approaching the Richmond Bridge. Sewing from hercules to richmond but a little extra slow the lanes are open but bigger delays than normal pit 680 is far from 242 to 24 and the bay bridge toll plaza we have a 50 to 20 minute delay. 7 01 pillows go back to the desk for young teenagers or the hospital. Police say an 18yearold driver hit them in burlingame. This happened on saturday at clarendon road at howard avenue. They think the driver intentionally ran into the teeth. People who lived in the neighborhood said they heard the crash but the damage done to of fire hydrant said water sprang onto the temperatures. They can follow the suvs tire tracks up on the sidewalk across the lawn to the place where teenagers were standing one neighbor say he was one of the first people to help the teen thats where i spent most of my time and just trying to help comfor
Looking for 0. 1 and fed minutes at 2 00 p. M. Eastern time. Our road map begins with the virus risk for stocks. Investors closely monitoring the potential economic fallout of the coronavirus outbreak as the death toll crosses 2,000 plus tesla stock is spiking again, why one Analyst Thinks Energy Generation and storage are the next big thing to fuel the companys growth shares of dish network rallying the satellite tv provider beating estimates as pay tv stubs decline but at a slower pace stocks are poised for a positive open after the number of new virus cases falls in Mainland China and chinese officials announced fresh measures to support businesses struggling due to the outbreak globally the number offen could firmed cases exceeds 75,000 with confirmed deaths surpassing 2. Lowest number of new numbers for the month so far right with we dr. Fauci on yesterday, at closing bell and he was the most optimistic i think of the times he was on. He did point out, he was asked a question what