Weekly point loss ever this is a week of never befores and not since. Industrials falling nearly 4,000 points on the week this will also be the worst week, worst month, worst start to the year since the crisis in 08 and 09. Not since more than a decade ago have we had such a rough beginning. Then theres this. Rough lewly 95 is in correctio territory. Down 10 and nearly half of o the s p 500 is in a bear market situation off 20 . Kelly. Very good thank you. Welcome to power lunch, everyone our Team Coverage of this market sell off rolls on as the coronavirus fear and impact spread bob pisani is tracking the volatility today Rick Santelli is watching rates and bonds move lower, hes at the cme. Meg has the latest on the outbreak for us. Eamon javers is in d. C. With the administrations response and Steve Liesman is focusing on the feds next move. We begin with bob pisani were lookinging for signs of some kind of bottom, but its hard to come by. I want to show you the dow jonesville last t
I dont know if its the word euphoria i think market, the market clearly has gone parabolic when that happens, you have a decision to make you could buy in with the momentum thats continuing to build or you could sit back and just have what you have. I think its better at this point to sit back, youre long the market stay long the market its not a referendum say og kay, because the markets going parabolic, it means it necessarily end. From a quantitative standpoint, this momentum strategy thats dominated the markets the last couple of years, its like the top spinning on a table because faster ander and faster, eventually, it falls over. I think thats what the environment is right now and the interesting thing as well and john could speak to this, the vix is up 11 today. Is this euphoria, the final stage of bull market is it time to worry a little bit zm. I think just to joes point about that 11 juch in the vix, there are some people a little worried. Now whether or not theyre getting ou
This is cnn breaking news. Were following breaking news on the abrupt and bit exit of o National Adviser, john bolton. President trump announcing in a tweet that bolton was fired citing his strong disagreements with many of his proposals. Bolton said he resigned. After months of conflict, sources say they got into a heated argument over trumps canceled plan the host taliban leaders at camp david. Bolton reportedly opposed the idea. Also breaking. Cnns exclusive new poll finds six out of ten americans now say President Trump does not deserve to be reelected. His Approval Rating has ticked down to only 39 . And more than half a of those surveyed say hes doing a bad job keeping his campaign promises. Ill get reaction from democratic congressman worthy. Hes on the intelligence and oversight committees and our correspondents are also standing by. First, to jim aacosta. Hes gone from an administration that one source is likening to a snake pit. Thats right, wolf and President Trump is search