Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Performance today. And nasdaq push a 2 gain. Nice moves today, in alphabet, ama ama amazon,baba ahead of those earnings you have a new month for stocks. Very big and important earnings this week in tech and elsewhere. Retail surge impact, volatility in the markets and what was gamestop is now silver we have our eye on that as well. And we do have this call now, ko courtny. This is likely to get worse and feel bad in the shortterm this is not a bubble or like 2000 for many reasons. Calls now that the correction is here is it . Well, good to see you again, scott. Everyone is entitled to an opinion and im sure hes done a ton of research that would say its here but i think there are a number of factors that one would say may not allow this correction to last longer than what was friday. So, you know, when you think about the amount of cash on the sidelines. Look at the savings and the amount of capital thats going to come into this marketplace with stimulus, you look at people can say eval
Right this hour, where there is still here one hour left of it. Good to have you with us here for closing bell. Im Contessa Brewer in for sara eisen today. It has been a big year for stocks the dow, the s p, the nasdaq all on pace to close the year higher by more than 20 well tell you which names have seen the biggest gains and with tech up by nearly 50 this year, well have an exclusive interview with Tech Hedge Fund giant, dan niles. Hell give you a peek into his 2020 playbook. Also, we didnt answer bills question lets do it what is your drink . Whatever gets put in front of me great answer. Very good answer, indeed mine might be an Old Fashioned tonight. We shall see but we have to get back to the show lets take a look at whats driving the show 59 minutes left. Were down 40 points on the dow. A little bit of rebalancing as investors get ready for the new year President Trump tweeting today he will sign the phase i deal with china on january 15 and Consumer Confidence data out this mo
Were at post nine morgan and john have the morning off. Interesting setup here were approaching nasdaq 9 k very quickly tech, the best performing sector for the year hitting a fresh record high this morning joining us to day with his top picks in the sector for 2020 is our lead internet analyst. Mark, happy holidays good to see you. Good to see you, too. I want to get right to the large cap longs for next year. Uber is number one then you have two, three, four talk about it. Yeah. Im going to pitch it. Uber is the facebook its our facebook for 2020 it turned out of all the stocks, facebook is the best performer in 2019 because it whats so dislocated at the end of 2018. A lot of controversy around it i think thats exactly the setup or similar to the setup on uber now. We like it we think well see a clear path to profitability i think well see sustained growth in the ride sharing business and if they can fix that eats business, thats going to surge the outperformance and cause the outper
Musk and ford, a rough road ahead for the automaker. Those shares head for a lower open today well tell you why all this earnings news plus an ecb meeting. The European Central bank expected to lay out the ground work for policy easing down the road and this could put more pressure on fed chair Jerome Powell to do the same. Its thursday, july 25th Worldwide Exchange on cnbc begins right now good morning welcome to Worldwide Exchange. Im dominic chu in for Brian Sullivan the dow looks to be hovering around flat at the open. We would open up around 24 points for the dow if these futures gains hold into the start of regular cash trading. The nasdaq and the s p 500 coming off alltime intraday record highs and closes. The dow is less than a percentage point away from joining that alltime high club as well. On the bond market side of things, were watching yields as we do every morning here a tick lower tenyear note yields moving to 2. 3 thats a sharp move to the down side the twoyear note yi