Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new zealand, a fiscal response is being considered. The rbnz
The number on fridays the u. S. Economy added 273,000 new jobs destroying the economist by nearly hundred thousand. The Unemployment Rate ticked down to below of. Breaking down to look ahead anthony chan informant trunk campaign Economic Advisor steve moore. Its great to see your gentlemans weekend. Thanks mr. Being here. Your reaction to the job number and then i want to look ahead and its expectation for the outlook is unnerving for investors. This report clearly shows that job figures are still in a quarantine. We are not seeing many symptoms of this virus. Id like to say its the calm before the virus. Warm weather has helped construction, its also the Health Numbers coming in strong. Transportation warehousing already starting to show a few cracks. But basically it wont be until next month that we really see the real brunt of it. As more and more workers are staying at home, they are probably not going to put pressure on the wages. Those organist stay stable at 3 range or drop even
Concern spreads from italy to iran, but the World Health Organization says the outbreak is not yet considered a pandemic. The business case. Mastercard and United Airlines, the latest companies to issue profit warnings amid the operate. And, sticking to the script. Cleveland fed president Loretta Mester says the virus is a threat to the u. S. Economy, but does not justify a change in rates. Just under one hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures after the big drop yesterday. We saw in some cases the biggest slide in european stocks since the brexit vote. As a result, we see a bounce in futures today. Maybe investors saying it is time to buy in the dip. You can see that dax futures are up 8 10 of 1 . U. S. Futures are also showing gains today after the biggest drop in two years on the s p and dow. You can see we swap over to u. S. Futures, they will be showing green arrows as well. Lets take a look at whats going on in te
With second largest point gain on record. Up 1,173 points yesterday for the duh industrials, that was 4 and a half percent. Nasdaq was up 334 points. About 4 . The s p 500 also higher by a quarter percent with a gain of 127 points. Coronavirus, crisis continues, california declares state of emergency as the number of patients in the golden state rises, the house passing 8. 3 billion bill to bat it will virus, the senate due to vote on that today. United and jetblue cutting flights to the United States, all that coming up. Samestore shelves, heared out of clorox and canned soups. Senator Bernie Sanders releasing ad barack obama praising him and joe biden hitting back and Mike Bloombergs expensive run to the end and is Elizabeth Warren coming next . Mornings with maria is live right now. Maria we begin with another volatile day in markets this morning. Take a look at markets overseas as we sea big selloff in the u. S. Cac quarante in paris down 91 and dax index in germly lower 120 points
The number on fridays the u. S. Economy added 273,000 new jobs destroying the economist by nearly hundred thousand. The Unemployment Rate ticked down to below of. Breaking down to look ahead anthony chan informant trunk campaign Economic Advisor steve moore. Its great to see your gentlemans weekend. Thanks mr. Being here. Your reaction to the job number and then i want to look ahead and its expectation for the outlook is unnerving for investors. This report clearly shows that job figures are still in a quarantine. We are not seeing many symptoms of this virus. Id like to say its the calm before the virus. Warm weather has helped construction, its also the Health Numbers coming in strong. Transportation warehousing already starting to show a few cracks. But basically it wont be until next month that we really see the real brunt of it. As more and more workers are staying at home, they are probably not going to put pressure on the wages. Those organist stay stable at 3 range or drop even