Time, a very busy time, and let me begin by expressing our support, solidarity, and love for the people of our great country who are fighting. We are enduring all of this together and we will soon prevail together. We got a arrest lot of progress. We appreciate the governors and people within the states. The relationships have been very good. I spoke with Governor Cuomo. We are working very hard to get additional things to new york as quickly as possible. Care at the we took hospital personnel. Built,0 beds we including personnel, and opened it up to covid. That is something we did in louisiana and we are doing it in dallas. We have a lot of, not only hospitals but we are manning the hospitals, because states are unable to get additional people to work. It is an incredible situation. Never been anything like this. One of the most important issues in battling this pandemic is coordinating the delivery of the crucial lies throughout the nation crucial supplies throughout the nation based
2,255 points. Right now we are down 2,003 points. At 1 00 p. M. , money started fluttering down, the Federal Reserve making a move to support the bond market amid the coronavirus collapse. The s p 500, by the way, had been down 240 points and of course, we had 689 points getting slashed off the nasdaq. Right now the s p is down 219 and as we look at the nasdaq its down 619. Despite the feds move, the s p and nasdaq joined the Dow Jones Industrials in a bear market. This as the 11year bull market is officially about to come to an end. The selloff kicked in pretty much right at the open and five minutes in, triggered once again for the second time this week the Circuit Breakers that halted trading for 15 minutes. Lets show you some metrics here. The oil patch. Take a look at this. It is playing a huge role in this selloff once again. Oil is crashing, folks. We do have it down to 31. 32. Thats a loss of 5 today. Much of this comes after President Trump announced a travel ban on flights fr
Coronavirus testing free for anybody who needs it. Speaker pelosi says it is the first of a number of Bills Congress is preparing in order to address the disease. And in just the last 10 minutes we have learned that pg and will hold off on shutting off service because of nonpayment that decision is because some customers may have seen their paychecks affected by this pandemic among the fallout from the crisis in the bay area, the coronavirus pandemic shutting down schools we are getting closure various districts and weve been getting them all day on the latest one we have on our list to get that lets go to kron 4 dot com to find out if your childs district is affected by it. Among them at glen park elementary in San Francisco is close we learned tonight. Glen park families are being asked to self quarantine for 2 weeks because 7 students at that school have some kind of respiratory illness. Right now they are being tested for coronavirus meanwhile all other Public Schools in San Franci
Conference in the white house rose garden is imminent. Hes expected to declare a National State of emergency over the deadly coronavirus pandemic that has taken the lives at last count of 41 americans and infected more than 125,000 people around the world. As we await the president to appear before the m cameras, we will take it the second it happens, markets on the verge of closing out the worst week since october 2008. We are firmly still in a bear market right now. What if anything can the president say to pull the markets out of this weeklong tailspin . To our floor show traders. We are teeing it up in front of the president. You have been on the markets front line. Tom at the nyse, phil at the cme. What Market Indicator will you most closely watch as the president speaks . Well, we saw extreme fear yesterday and they always say when no ones worried, thats the time to worry. Well, yesterday everyone got worried and they came out with massive action. Mnuchin reminded me of mario dra
Outlook. Congress is on track to pass two massive spending bills averts a Government Shutdown and new data shows Home Building increased more than expected in november and permits for future Home Construction surged to a 12 1 2 year high. Joining us for the hour, is keith bliss from i hue capital llc. The Housing Starts number comes in, just one more optimistic data point on the data front and i think despite trading on the alltime highs, this market is still poised to go higher thats my belief what drives that . Theres lots of factors, which i know well talk about during the hour. But the continued strong Economic Data that were getting out of here, a very compliant and easy money fed that we have, theyre expanding their balance sheet. Low inflation around the world the need for capital to go where it gets rewarded and seek yield. All of these things, you throw them into the mixing bowl. Once again, all three of the major averages higher. Only slightly higher, but anything positive is