I have to mention the volume is very, very substantial. Some of the peripheral markets in italy trading down very, very sharply today. 5. 5 . Y tenyear is catching a bit with 48. Daxie, let me show you the over here. A lot of people were short long. We are getting a squeeze when it comes to the b stocks. 73 74 move of stocks. A huge gap higher. Vonnie . Vonnie coronavirus concerns battling Global Markets at this hour. Italy is at the epicenter in europe, reporting a seventh death at 219 are now confirmed positive for coronavirus. Infections spiking in south korea and iran. Cases reported in afghanistan, kuwait and the total number of cases in china now up over 80,000 and the death toll topping 2600. Markets are adjusting. We are joined by Tracie Mcmillion from wells fargo. Joining us from charlotte, north carolina. What do you do in this environment were all major off in s p 500, off in s p and and stocks a lower. Do you do this is a buying opportunity . Good morning, bonnie doheny tha
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
At 1. 27. We hit the record low and we are sinking. Aboutl speak to kumar where he thinks this could be. And to be vicks future curve is in backwardation. Its elevated right now at 32, getting into the danger zone. 46. 40. E oil at the 10 year yield is actually off the chart. Guy off the chart is how these markets feel right now. I think the action is shifting, what we are seeing in germany is 75 for the german twoyear right now. Bit,uro is catching a really a big move in the euro, its another currency against the dollar, is this the end of the dollar run . Is it no longer the safe haven . I suspect the answer is that it probably still is, but we will see. Arere down by nearly 4 , we in correction territory for the stock 600, 400 is a really big line, thats going to bring us belownto resistance with the major moving averages, and we are now below the 200 day moving averages. You can see this is down 4 . Kumar with us, joining us now from los angeles. Year issee the 10 making new lows r
Before you have the minutes of three meetings, we will take them individually. The first, january 23, are there any additions or corrections to the minutes . Move approval. Second. Any Public Comment on the minutes of 23 of january . Hearing none, all those in favor . Aye. Opposed. The motion carries. Secondly, the january 28 minutes of the regular meeting. Are there any additions or corrections . Second. Public comment on the minutes of january 28. All in favour . Aye. Opposed . The motion carries. Lastly, the minutes of january 30, which was the special Budget Hearing number four. Any additions or corrections . Move to approve. Second. Public comment on the minutes of january 30. All in favour . Aye. Opposed. The motion carries. Next item, please. Item 4 is general Public Comment. Members of the public may address the commission on matters that are within the commissions jurisdiction and are not on todays agenda. President caen so i have two speaker cards in front of me. The first mr
And china will sign a pact which will see beijing buy more American Products in return for greater access to its markets but questions remain over when the greater part of the tariffs imposed by washington will be lifted. From the conversation on todays top stories at r. T. Dot com of the report is international and in the u. K. And ireland coming your way stay with us. Im max kaiser this is the kaiser report we are in rehearsal for cars report the musical. Got the congas we got the guitars i got the band i got the drummers write the song Stephen Sondheim i dont know hes going to fail or not hes ill but weve got some major folks involved in this project going to hit broadway oh man im excited stacy i want to talk about its a good story that relates to your congress because of course you need the congress for a you know war to beat the war drums of war exactly because what is the old saying on wall street dont fight the fed. I feel the 1st song of our musical coming together. To fit. We