Economy. We do think this is going to take some time yields on both sides of the atlantic fall. U. S. Futures suggest the dow will open 500 points lower travel and aviation crowd the stoxx 600 as lufthansa warns of deeper job cuts and unsettled return to work take away shares turn hire as snatching up grubhub. Beating uber to the top seat at the table. A very warm welcome to street signs. It has been a pretty remarkable morning already in the first hour of trade. Weve got a substantial selloff. The stoxx 600 down by 2. 6 it is really a sea of red. Just over a dozen stocks are trading in positive territory. This comes after the Federal Reserve meeting yesterday where they vowed to keep rates near zero through 2022. They forecast about a 6. 5 contraction. When looking at a policy stance and eyeing up some fresh ip infection data and seeing a rise of new cases in the west and deep south concerns of the implications of opening up the economy and measures in terms of infection rates. Renewe
Before rebounding to finish up almost 5 , recouping half of the losses from mondays 2,000 point selloff. Jim, remember when we couldnt get a 1 move la last 12 sessions, s p moved 3. 5. The market feels broken to me not a lot of liquidity many things happening at night youll see the Interest Rates go down at night. Then suddenly the s p is having a nightly session. We have to play by that tune i get it theres i want to say theres not panic. People want to get out if there were people, you would see endless downing endless down you could say buyers will come in i was listening to jim paulson before, he sees a lot that he would like i dont. You dont no. I like utilities i like the drug companies, i like the highest growth tech, teledoc. The rest sell to you people are buying Royal Caribbean right here as if its like a buying opportunity. A lot of people using the term buying opportunity, b. O. , for things no. No, to b. O. As you might expect, people are focusing on the credit markets and
Next 30 days the new rules will go into effect friday at midnight these restrictions will be adjusted subject to conditions on the ground there will be exemptions for americans who have undergone appropriate screenings the ban will not affect those traveling to the u. S. From the europe or from the u. K. The European Union officials took issue with the ban. The European Union disapproves of the fact that the us decision to impose a travel down was taken unilaterally and without consultation. On wednesday italy the country hardest by the virus outside of china now its the closure of most commercial and Retail Businesses supermarkets and pharmacies inside the country will remain open worldwide more than 130000 people have been infected by the krona virus with nearly 5000 deaths more than half of those infected have recovered in china the National Health Commission Said the worst has passed in the country. Generally speaking the epidemic peak of our own country has you have asked the numb
And the panic plus in these times of turmoil where can investors turf earth table away from big gold and big oil be the answer well debate the best path forward during the market turbulence we have a packed show but lets go and dive right in following the announcement by the World Health Organization characterizing cope at 19 as a pandemic us President Donald Trump issued a ban on travel to the United States from europe. New cases from entering our sures we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight these restrictions will be adjusted subject to conditions on the ground there will be exemptions for americans who have undergone appropriate screenings the ban will not affect those traveling to the u. S. From the europe or from the u. K. The European Union officials took issue with the bat. European union disapproves of the fact that the us decision to impose a travel down was taken unilaterally
6 months because in the south. I. Beat down to news of in markets amid a slew of major stock news this is a boom bust the one business show you cant afford to miss a wrench a bore and im christiane washington. Dallas on the worst. Live just dial in the horizon. And plus in these times of turmoil where can investors turn 1st table always the big golden big one be the answer well debate the best path forward during the market turbulence we have a packed show so lets go and dive right in following the announcement by the World Health Organization characterizing cope at 19 as a pandemic us President Donald Trump issued a ban on travel to the United States from europe. New cases from entering our schulers we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight these restrictions will be adjusted subject to conditions on the ground there will be exemptions for americans who have undergone appropriate screenin