All channels available to inspire people to get shoes and more determined to build something here for the next generation globally as the environment series of global 3000. Extensive travel bans and even more chaos just when you thought it couldnt get any worse the krona virus takes another huge bite out of Global Financial markets this crisis is well followed up. Some good luck for south africa domestic Gold Production is up as the gold price climbs over the past august. And whats more expensive than gold 10 times its dollar palladium is also seeing the booming market will let you know what. Lets do business fears over the spreading coronavirus hammering markets around the world says a wall street plunge thursday triggering a stop in trading for the 2nd time this week the Dow Jones Industrial average fell by 9 percent shortly after the start of trading is that love coming amid growing uncertainty over global measures to contain the economic damage of the pandemic follows the announcem
Taken since yesterdays 3,000 point drop jim, you have never been a huge fan of futures, but you think they are especially irrelevant now. Right these are fraught. I got up three, the market looked great it was up like looked like we would make up half of what we lost yesterday i come back, were down. Lets stay focused on individual stocks individual stocks are all being brought down by the indices. The great opportunities, i want to use that word, come from the obliteration of the futures, mean while there are companies who are doing well theres companies doing quite poorly well go over both there will be opportunities today. Theres a lot of give up yeah. I want to get i have a lot of specific questions for you i know you have regeneron tonight. Signs of hope, whether its test kits from roche, therapeutics, you heard gottlieb a moment ago talking about it those three things, test, therapeutics, vaccines we are starting to see very early signs of progress. Absolutely. You look at tesla.
In 2007 and 2008. There are significant signs up. Ting to show european stocks pushing down towards session lows, 2. 1 . Seem to be a lack of belief, the policymakers at this the rightputting tools to work. Whether that changes today or tomorrow. Well wait and see. Is building. Alix steve, well get to the in a second. T uninvestable . Its hard to if you thinking about trading them for the next three weeks, thats probably not a good idea. Are very volt volatile now. Easily go lower. What were right to remind get 30 when you downdrafts in markets, which is where we are now, it never been sell. Ime to its been good if youre brave. The liquidityave to do that and you dont have the temperament to handle possibly another decline on threeyear view, its going to be a very good place to be. Its just not a good time to my best advice for people now is hold on. Were in a rocky time here. When the vix index get this this really once back in 2008 and 2009. Rampant, the thing is government has the a
Mnuchin this morning bob with the wild week for stocks rick and the bond market bob bob, we start with you its another choppy day hopefully will end a little more stable than we started below this week was 22. 80. Were well off of the lows for the week but still down today. Off of the lows for this morning. In terms of sectors, its been all over the place all week. For once energy is leading but that was the opposite earlier in the week Consumer Staples are the week one. Banks have been generally under performing the entire week just want to point out the consumer names every one was talking about. Campbell, smuckers a and the food stocks were up. For the last day and a half they have been selling off. I want to point out the bond etfs high yield bonds the junk bonds down on higher chances. Theres 3 currently muin bonds weak. They do the convention center. They fund the transit systems. Quite across the board one bit of solace is the vix is quieting down. If you call in the 60s quieten
Most incredible market stat that you will hear today. The dow now on pace for its worst month since 1931 on that note, welcome, everybody. I am brian sullivan. The market meltdown comes as Congress Scrambles to launch a massive aid package to help millions of americans who are likely to either lose their jobs or a good portion of their incomes. Well hear about all of this in moments. Senator pat toomey of pennsylvania will be joining us live exclusively he has been inside the 11th hour negotiations on the hill and well get answers on what the ultimate stimulus plan may look like and what aid packages are likely to come and whether regulators are considering banning shortselling and reinstituting rules and that interview is ahead lets break down this historic week and joining us now our friends guy adami joining us in moments. We learned that a big chicago firm, ronan capital was unable to meet its Capital Requirements and this forced the Mercantile Exchange to invoke emergency rules an