Just like this miserable quarter. The house of pain the s p shedding 1. 60 . The nasdaq declined 9. 5 the Dow Jones Industrial average had its worst quarter ever the craziest thing, though, truly crazy, do you know it could have been a lot worse. All sorts offer stocks have roared since the bottom a week ago. S p rose 1. 9 last week. Were leaving the quarter with almost as much hope certainly we had it than despair. How is that possible when the pandemic is raging and the entire economy is in dire straits . This decline was vicious as anyones ever seen it. Investors tend to regroup. They figure out what they can make peace with, but whats too toxic to touch the ones they made peace with have stabilized and can actually rally on good days, but they may not have bottomed. You know exactly what time talking about. Days like today theyre going to give up the ghost a little bit theres some terra firm a there for some of these companies. The question now, are the stocks that led us in last w
Liquidity conditions. But, fundamentally, this is coming back to a physical problem rather than a monetary problem. Romaine the dow jones down about 3 . The s p. Composite finished in the red. Into the green at the close, about 0. 2 . The only real sector was actually consumer discretionary, but it was a pretty lopsided victory. Namesof the semiconductor actually moving significantly higher, up about 10 index was your outperform her. A lot of names that people think could benefit from the stay at home, work at home environment. Netflix, intel, a lot of those names. Of course, to the downside, we see some of the names in the travel and tourism spacelike marriott, down about 6 on the day. As far as the treasury market, we continue to see some buying. 10 year yield 0. 795. The bloomberg dollar spot index is still higher on the day. 10th street day of games of gains on that index. Still with us, jack manley. Joe weisenthal, scarlet fu, still in their bunkers somewhere. Jack, when you look
And today, wall street took a beating. The dow fell about 3,000 points, its largest oneday point drop in history. And tonight, americas streets are empty, from new york city to los angeles. Bars and restaurants have been told to close or only serve takeout. The president admitting late today the country may be headed into a recession. As businesses are forced to layoff millions of workers. And the World Health Organization said there is still not enough testing being done. Eome governors say they dont have enough hospital beds. There is a lot of Important Information to report as we come on the air tonight, and our correspondents are covering it all. Ben tracy is going to lead us off tonight from the white house, and ben, the president says these next two weeks are critical . Reporter thats right. This was a very different President Trump today. Gone was the leader who said the virus will pass and everyone should just relax. Today, the president had stern warnings for all americans. Th
Mascots. Paul the exhibition is called americans and its built on a paradox, a riddle. 2018, thex is, in United States is a country of 230 million people. 1 rican indians are perhaps of that population. Most americans live in urban areas, suburban areas, parts of the country where they never actually see American Indians. And yet, in American Daily life, images, advertising, mascots, surround people every single day. The show is about exploring the strange contradiction of how prevalent American Indians are in American Life really from the earliest memories of americans throughout their life, and yet somehow it was never really noticed much, never seemed is important. The Territorial Team decided to call this phenomenon indians everywhere. Its about normalizing whats actually a really weird phenomenon. We looked and we couldnt find any other country in which one ethnic group has been used for so many different purposes for such an extraordinarily long time into the present. We went to
Volumesaining 4. 5 , higher than average. Thethe dow, about 76 above 20 day average. For the nasdaq, about 50 above. Romaine as far as some of your leaders, kind of a mixed bag. Scarlet cosco comedy that costco, the best performer in the s p 500. I am thinking about volatility. Extraordinary gain as you and romain were talking about. More big moves to the upside and probably the downside are ahead. The spring500 during and summer. When it broke, it broke into huge moves. Both the upside and downside. We are looking at the best day since then. Relatively small moves, especially in the last quarter of last year. These huge, with moves to the downside, volatility is back. Volatility breeds volatility. There is probably more ahead as investors try to figure out what this coronavirus will mean for the global economy. Like most sectors, financials did really well despite the fact that the outlook for Interest Rates is not great. Treasury yields, new lows again. Financials were among the hard