Extraordinary, we will have the latest. Life disrupted as schools and businesses close around the world. Sandbergcoo sheryl joins us live. This, as facebook shares plunge. Thet, to our top story, markets going deeper into the red over fears that the economic fallout over coronavirus will be more prolonged and painful that we all expected. President trump say life could be disrupted well into the summer. The s p sinking 12 . The dow falling to its lowest in two years despite the Federal Reserve cutting rates to zero. For more, i want to get to Romaine Bostick. So much red everywhere. Break it down for us. Romaine you talk about response with regard to the monetary policy. What you have today is a market that has basically figured out that what is ailing the u. S. And Global Economy will not be solved through monetary measures alone. The dow and s p 500 had their worst single day percentage drop since black monday in 1987. You look at the nasdaq and small caps, worst days on a percentage
Dow and about 11 higher than the nasdaq. Lets check in with our reporters. I would like to take a look at one area of underperformance, china tech. Down 2 , lower on the open. But, around the time of the scoop and those headlines, the fact that tariffs will still be in place after the president ial election. Netnet, the worst day since september. Even to the untrained eye, this is somewhat absurd. Unlike u. S. Stocks, not going higher. There was a period of time when these were above the 200 day moving average. Over the last few months, gaining well more than 25 . A very overextended situation. Sometimes, these things go further than you think. There is good reason to think that we will see a reconnection at some point back down to the 200 day moving average. One group that sort of weathered this mini selloff was transportation stocks. Dow jones transportation average gained about 1 . It broke out to the highest level since october. Delta airlines gain a than 3 . Earnings came in well
The other day. They show the beautiful shot of the home team city. There it is, the golden gate bridge. It is people in the bay area know that the 49ers dont play near the bridge, they play near the Silicon Valley. Where im siting now is a hightech Silicon Valley stadium. Levis stadium was state of the art when it opened five years ago. The team updated levi with more technology, making the place run smoothly. They call it executive. The president of the San Francisco franciscos 49ers. Thank you for being with us this morning. You are gathering data, tell me what kidnnd of data and from whe and what is it . We are gathering all kinds of data, it starts with the utility function with tickets and parking. How do i get into the building and how do i get eating and bu the building, whether it is retail or parking function or collecting all of that. Food and beverage. Very good. I understand. You mentioned data and sports fan. Oh, no analytics no matter which side you are on. You are specif
Paid that change, these are the numbers everyone is watching for. Plus 7. 6 million. What analysts were looking for which was not. 3 2 million. Netflix is disappointing here with its change net subscribers. Caroline thats despite Stranger Things at the game of thrones. Off by 2 now. I think we will have to read through the entire statement before we get a direction. Were going to dive in momentarily but lets dive into the action with our reporters. I am looking at an interesting divergence on the day the s p 500 basically flat down slightly as you all were talking. Look at the Energy Sector down 1. 4 underperforming. Xle only 1 within the one is higher. Not entirely clear what is behind the divergence but it could present a buying opportunity in this year today chart where we have a reliable downgrade. Every time we go above the 50 day moving average, the excellent has productively moved up. Day,is goes above the 50 if that move does happen in the xle. Chipmaker stocks took a hit today
Enforcement agents. This portion is just over one hour. The committee will come to order without objection. The chair is authorized to declare recess of the committee at any time. We are convening to hear the testimony of acting secretary of Homeland Security Kevin Mcaleenan. I want to briefly address the spectators. I already saw two signs being held un, so i want to address you. We welcome you and we respect your right to be here. We also ask in turn that you respect we ask for your respect as we proceed with the business of this committee today. It is the intention of this committee to proceed with this hearing without disruptions. If a disruption occurs, listen up, a Capital Police officer will go up to the individual and instruct that they cease demonstrations. If the individual does cease, no action will be taken. However, if the person does not cease, he will be asked to leave. Were grateful for your presence here today and your cooperation and we want to move this hearing along