Your love keeps on lifting. Lifting me higher and higher. Your love keeps on. Lauren welcome to fbn a. M. Good morning, im lauren simonetti. Cheryl im cheryl casone. Were trying to lift higher but no luck so far. Lauren monday, th the dow s down 335 points in the premarket, nasdaq is down 120. Yesterday the nasdaq had the biggest point gain ever. Cheryl the Oil Price War continues after yesterdays 10 rebound. Oil is under pressure now. The contract is down 1. 31 . We shall see, though, if the russians come back to the table. Lauren and we see how nervous investors are by looking at the yield on the 10 year treasury, it is down 7 basis points this morning. Cheryl adidas will lose more than a billion in Greater China sales due to the coronavirus. Were watching headlines. There were red arrows despite u. S. Markets gaining. Japan and south korea the two hardest hit markets there. Lauren were watching stimulus responses from governments, in london the bank of england cut interest rates, th
Were live from sonic automotive, one the nations biggest auto retailers. Well look through political lens of local business as we look through the hour. Any minute we have new comments to play back for you from President Trump. He haas been speaking to reporters outside the white house, joined by the hhs second alex azar. Also Anthony Fauci after they tour ad medical facility toured a facility from maryland as the coronavirus outbreak spreads throughout the country. We have the first confirmed case here in the state of North Carolina. Well bring all the president s comments as soon as we have them. That could be any minute. Coverage of big stories, blake burman at the white house, Kristina Partsinevelos on markets on the floor of the new york stock exchange, robert gray in california. Kristina, first to you. Kristina what a day. We talk about volatility. Start with the futures market. Then when the fed rate cut came we saw a huge increase and a selloff. We ended the dow about 788 point
Bernie sanders today however she said this. Will you be making an endorsement . Not today, not today. I want to take a little time to think a little more. Ive been spending a lot of time right now on the questions and making sure this works as best we stand for our staff, for our team, for our volunteers. Kennedy oh bernie that has to sting. Analysts say the fact that warrens not burning today, could push even more people into joes corner and it could not commit a better time. Six more states up for grabs, this coming tuesday. Right now biden in the lead with 6207 delegates to bernies 551. The vermont socialist still confident he can grab warrens sloppy seconds next watch. Today what i am doing, is reaching out to the millions of strong supporters that she had. And to tell them, while senator warren and i had our differences, we did, that there is no question that her agenda, which she fought for the campaign was close to what i am fighting for. Then we would welcome those. Kennedy and
Prone to gaffes. In congress, no agreement on how to respond to the virus. The latest proposals, a payroll tax holiday for the rest of the year. In other words, your Social Security contribution, suspended. Another one, extend the april 15th tax deadline. However, congress had better get on with it. A oneweek recess starts friday. The market, not happy with any of this. Stocks will be down at the opening bell. You kind of get seasick watching it all. Down 2,000 monday, up 1100 tuesday, this morning we will open about 800 points to the downside. Similar losses for the s p and nasdaq. The virus, there are now just over 1,000 cases in the United States. Draconian action in new rochelle, new york, where the National Guard has been called out to help with a cluster of cases in that town. Seattle has restrictions on large gatherings. The first lawsuits have appeared, a cruise line sued. And just look at this. Students at the university of dayton rioted last night after the authorities announ
A National Stick move. If there was ever a type everyone should be putting America First its now. The president announcing a 30day brandnew on europeans traveling to our country. In the past 24 hours, italy has seen 2,261 cases and 89 deaths. Even though the country is on lockdown, pope can get around it. And italy can still travel around the European Union which means europe is facing a high risk. We cant allow that risk here. Dont tell joe biden that. In one of hustle callous examples of pure, raw partner shp ship. Hes suggesting the travel restrictions are based on favoritism. Travel restrictions based on favoritism and politics rather than risk will be counter productive. Trish just like the was xenophobic to block china. He blocked europe, joe. You cant tell me this was racist. So now what . Its favoritism . Suddenly he doesnt like europe. But he likes canadians and argentines . Its a disgusting argument being echoed across all kinds of platforms. The virus is already in our count