The dow is looking for about a 300 point gain right there at the opening bell. S p up about 34. Look at that nasdaq go. Technology is doing well, up 104 points. Thats premarket for the nasdaq. Now, lockdown winners. Clearly emerging. Lowes, the Home Improvement people, headquartered in North Carolina. Profit up 28 . We stocked up for the lockdown. Target, they really organized their online delivery and store pickup operation, lumped together under digital sales, up a whopping 141 . Walmart, same story. Stockpiling helped them, too. Amazon, kings of the online selling business. Boy, did they clean up. The stock is near a record high. And the netflix, well, they are the kings of the streaming business. What else are we supposed to do when we are ordered to stay home for weeks on end . There are a lot more virus winners and we will go through them throughout the show. Meanwhile, the revolt continues all across the country. Businesses are defying the authorities and opening up despite the
The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc
Im Charles Payne in for stuart varney. Varney company starts right now. While cnbc is on break, we are open for business. Charles hundreds of americans back in the u. S. This morning after being evacuated from the coronavirus affected diamond princess cruise ship. Lauren, we know some have tested positive for the virus right now. Lauren yes. So the u. S. Chartered the two flights that arrived early this morning, one in california and one in texas. As they were going from that cruise ship docked in japan to the charter plane, 14 tested positive for the coronavirus. That essentially doubles the number of infections right here in the u. S. We had 15, now you have 14 coming in. They will be in quarantine. They were already in quarantine for about two weeks but they will be in quarantine at those two air force bases for another 14 days. Charles thank you very much. Mean meanwhile, macao says the casinos can reopen. Susan its a big deal especially for casino shares that trade in the u. S. ,
Tough. In a few minutes, mr. Trump meets face to face with e man yale Marrone Emanuel macron, the president of france. Later he meets the queen at Buckingham Palace. Oh, to be a fly on the wall. The president s negotiating from a position of economic strength. We can wait, chinas in trouble, but investors do not like it. The dows going to be down another 250, 260, maybe 280 points. That would be better than 1 . Same loss or almost the same loss on the s p, down about 27. Nasdaq taking it on the chin to a tune of a 1. 1 . Big deal, big selloff. Another big show on its way. Varney company is about to begin. Well see what happens, but im doing very well if i want to make a deal. I dont know that i want to make it, youre going to find out pretty soon. In some ways its better to wait until after the election with china. But im not going to say that, i just think that. I just tell you in some ways i like the idea of waiting til a after the election for the china deal. But they want to make a
I can only work with look with envy at my calling across the aisle. You can pretty well guess, obviously the occasions that i lose, i would be a winner if i was in the majority. I went on more than the issues. If you got to be in the majority, would you do things differently . Rep. Michel we have talked about how we would reform the house of representatives. There is no question we proliferated this place with committees, subcommunities and all that. The problem is that in an attempt to give everyone a piece of the action so they can make your show or somebody elses or get some visibility, we have gotten to the point where there are so many people in positions of some authority, but then there is a saying that when we dont from them for the Opposition Party persons name, you just say mr. Chairman or chairman, and youve got it because everyone is a chairman of something. The problem with the Committee Structure is that more committees there are, the more staff areas, the more staff ther