Should congress pay people to come back to work or cut the spigots off. I will ask congressman matt gaetz about that and so much more on making money. Charles stocks making a huge turn around this morning but i think several factors influenced pressure of selling in the last several sessions. The main problem i think is the fact that the market was and still is overbought. I take issue with blaming Retail Investors for being too enthusiastic. Second concerns about the economy as states do delay or reverse reopening plans. 10year bond yield plunged when it looked like we were on the verge of seeing massive rotation back into stocks. Fed action, accommodation has been fading, folks and wall street dithering. Wall street needs clarity from washington about what is going on there and playing the same old politics as usual. I want to ask to of my favorite experts, Gibbs Wealth Management president , erin gibbs and jack ablin. I will ask both of you in general, i will start with you, erin, t
Ahead on todays show, fashion in the time of coronavirus. Well speak to anna wintour about vogues new partnership with amazon on a Digital Store front. Plus we will speak to truist ceo about his efforts now for Coronavirus Relief lets focus in on the stories we are watching Steve Liesman with the highlights from the fed minutes. Just released in the last hour and oliver chen is with us to talk about retail earnings and the big box names he likes so far. Michael, start it off with you what stands out . Yeah. The market just bobbed right back up from that lateday selloff yesterday. In fact, the low for today in the s p 500 hit about three or four times was yesterdays high. So it seems as if, you know, big money investors continue to behave in a way that suggests they feel underexposed to stocks if theyre not going to pull back a lot weve been talking a lot about this rotation theme. You have small caps up a lot and fin tech and financial all were really doing is stretching the upside of
Million cases of the coronavirus now clocked around the world. Oared iny, deaths s the United States passed 1000. To cover thisue rally, talking about these energy shares. We will take you to that White House Briefing momentarily. The cohost ofg in what you miss we are having some technical difficulties. Tolier today, i did speak the ceo of the thirdlargest Health Care Network in the country. They have more than 50 hospitals across the country, more than 1000 clinics, and 120,000 Health Care Workers fighting this virus. They are located in california and washington. I sat down with the ceo to talk a little bit more about what they are doing and what they are seeing. Take a listen. We started with our first index case two months ago. The minute we had that first case, we started getting ready. Knowing what was coming and really getting organized. What we knew is if you can keep , youate of rise in cases can get in front of this. So far, that is what we have seen. Ready. Ly got our syste
See youre practicing social distancing. That looks very nice. Thats very good. I want to thank everybody for being here today. This morning i spoke with the eaders of the g7 nations, and they really had a good meeting. I think it was a very productive meeting. I spoke with our nations governors, also. This afternoon were announcing new guidelines for every american to follow over the next 15 days as we combat the virus. Each and every one of us has a Critical Role to play in stopping the spread and transmission of the virus. This was done with a lot of very talented people, some of whom are standing with me and thats available. And dr. Burks will speak about that in a few minutes. Its important for the young and Healthy People to understand while they may experience milder symptoms, spread this ly virus and will indeed by putting others in harms way and we worry about our Senior Citizens and the task force meets every day and updates guidelines based on the fast evolving situation this
Just a few minutes ago we hit another record low. The nasdaq of course is obviously under stress as well, down triple digits. Then of course, the Dow Jones Industrials completely lower by 1,862 points, although i would point out the low of the session is a loss of 2,096. Let me take you back to four minutes after the open. Stocks fell so aggressively that the First Circuit breaker as its called, the level, level 1, to halt trading kicked in and that exact trigger would be the s p 500 hitting level 1, a loss of about 7 at that time. Now, after 15 minutes, this is what the dow was doing earlier on the new york Stock Exchange, after 15 minutes of the halt, stocks then reopened and thats when the dow promptly fell 2,046 points. At its low, 9 50 a. M. Eastern time exactly, coming within 200 points of a bear market level. In the last 15 minutes, the dow hit another new intraday low so we can change that 2,158, 2,158. Lets talk about oils response to this deadly Coronavirus Impact on the glob