Crude oil down after spending some green time earlier. One of the sectors most affected, autos and components. That is down 5. 1 . We saw it in the Consumer Price index today. Lets get a deeper dive into the markets. Here is katie and taylor. You mentioned some of the major averages. The dow was off to present. The russell 2000 is off almost 4 . I want to focus on a terminal im showing about the s p 500. It is almost dropped 2 today. You were looking at the first time weve had back to back losses of more than 2 since the markham bottomed out on march 23. Market bottomed out on march 23. You could be looking at the first back 2 loss since it bottomed out in midmarch. Something we are keeping our eye on. If you take a look at how that is translating into the vix, it is coming back higher. The highest going back since may 4. Up almost 10 points in two days. We were below 30 handle on that last friday and monday. Yesterday and today firmly well into the 30 territory. I wanted to look at so
2027488000. Mountain and pacific, 2027488001. You can also send us a text at 2027488003. You can also post to twitter and facebook. With thoseis morning numbers courtesy of Johns Hopkins university. The total number of confirmed cases in this country approaching 1. 7 million. On the right side of the screen, there is that figure, the death 98,929, 98,000 929. Nearly 100 thousand americans have died. A special pullout on the usa today, these are 100 people out of the 100,000 americans who have died from the coronavirus. Different ages, races, and backgrounds they point out. The next 100 days could define a new era, right usa today. It did not take longer than 100 days for the virus to claim the lives of nearly 100,000 americans. Thenimaginable toll, since first person in the u. S. Died from covid19, which is thought to have been february 6 in california. Borne out by the diminished rates of new infections and deaths in may is not enough to keep the u. S. From reaching that grim mileston
The crash to give them a call. We are waiting for governor nissen to get that update any moment. Expected to address the upcoming wildfire season and preparations underway amid coronavirus pandemic. The firefighting efforts could look a lot different this year, especially as counties continue to maintain strict social distancing. We will bring you the governors News Conference live as soon as he gets underway. The number of coronavirus cases in california continues to rise. There are now more than 71,000 confirmed cases with more than 2800 deaths right here in the bay area. There are more than 10,000 cases so far at least 368 people have died. This morning there was a grand show of support for bay area healthcare workers and First Responders on the front lines of the covid19 case rises. 415 eagle jets performed flyovers at medical facilities in richmond, oakland, and san jose. They also flew over the State Capitol and the Governors Office of Emergency Services before jets flew out of f
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Lets get to some of todays news from our washington and new york teams. I want to return to trade tensions between the u. S. And trump president responding to questions on implementing the phase one trade deal amid the coronavirus pandemic. We signed the deal. I heard that too, they wanted to reopen the talks to get a better deal. China has been taking advantage of the United States for many decades because we have people in this position, sitting in the oval office that allowed that to happen. I am not interested. Alix Kevin Cirilli joins me now. Walk me through. Kevin good morning. This comes as the president has increasingly attacked china politically speaking, and raised questions about chinas response to covid19, including Senior Administration officials. From an economic standpoint, the president saying not so fast as it relates to u. S. China trade tensions. Democrats with the newest round of economic stimulus, i spoke to the undersecretary of Economic Affairs who said the Unite