Walk us through the day. Romaine two things. First, it started with all eyes on washington, waiting to get that almost 2 trillion stimulus package. Summoning some encouraging some some encouraging signals from leaders that this was being worked out. Then we could potentially get a vote today in the senate. Then, it would go to the house. We had the president about effectively reopening the economy by easterday in the u. S. , less than three weeks away. A lot of people took that as an encouraging sign that Economic Activity would at least start to normalize. We saw the s p rally big time. The dow jones had its best day going back to 1933. I know none of us are old enough to remember what was going on in 1933. On that date we had the big rally in the dow, that was just two days after we had that first fireside chat from fdr and he sort of put some optimism back into the economy about what the government was going to do. We are seeing sort of shades of that here where the market is sort o
Treasuries,on the we will be speaking about that in a moment with our guest from pimco. Still at 1. 35. We are off the alltime low but this is still elevated. And futures, slightly down, 1. 4 . In the 1650 an ounce range. Volatility in europe also elevated. Trading stoxx be 50 2381, pushing up to fresh session highs. 06 . Oxx 600 is down by it is not exactly a turnaround that it is a stabilization. In europe, exactly the opposite. We are trading 50 on the german tenyear, another two basis points on the downside. The bones keep getting bid Bashar Alassad bund the bid. S keep getting vonnie President Trump is seeking supplemental funding to tackle the coronavirus and he spoke earlier about chinas role in the outbreak. Pres. Trump i have spoken to president xi jinping and they are working very hard. If you know anything about him, i think they will be in pretty good shape. They have had a rough patch in the think right now, it looks like they are getting it under control more and more. To
Hard not to because that is the alltime low on the 10 year treasury. It would have consequences. Reactionready seeing in stocks around the world potentially. This is all coming from the sentiments as we progress through the morning, and japan overnight and now in the united states. We started off the session in the positive and now we are lower by 1 apiece. Groups arethree lower now and you are looking at things like transportation, energy, the dollar Index Holding above 99. We backed off the highs there with gold futures, but that vix is still at 25 and likely will stay there. This is interesting. Guy lets take a look at what is happening here in europe. Lows. Just obsession just off session lows. The german tenyear now 52. Volatility continues to rise. We are watching this very carefully. Vonnie all of this began with the coronavirus and the number of cases in europe containing to continuing to rise. Italy with melody the latest. The number of cases continues to increase, but the spe
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously a selloff resuming today. The dow extending losses from a thousandpoint drop on monday when stocks had their worst day in more than two years big tech lost more than 200 billion in market value yesterday thanks to the selloff microsoft, apple, amazon all down more than 4 . Dan niles from alpha one capital joins us on the phone. Weve been through some challenging times together, you and this network, as we try to address global issues. This is one theres not an easy edge what does the playbook look like from your standpoint right now i think the way i look at this is simple whats your risk reward at any point in time. There are certain things we know for certain. One, we know for certain the markets are at record value. My favorite measure is i take the valuation of the entire stock market and i divide it by gdp. If you look at that, your
The first theft happened at an near 20th in the citysia mission district. The other theft occurred at urban bowls, a restaurant on grove street. Ktvus Azenith Smith here after speaking with frustrated shop owners. Customers were inside when both these burglaries happened. They happened so fast, the owners suspect the man knew what he was doing. And they arent the only two victims. Hanging out at this table, got a cup of water, grabbed a menu. Reporter the manager showing where the man was sitting inside. The man kept to himself, nothing unusual. He seems normal. He seems like just another dude. Reporter 7 00 fri man there. Frankie says he waited until two employees went to the back. The eatery next. When they both were in the back at the same time, he got up and in a matter of 10 the regis, grabbed the money, and walked straight out from the front door. Reporter the employees returned to find the register open, 400 gone. Just stunned. It just doesnt feel safe. Reporter frankie says the