Your love keeps on lifting. Lifting me higher and higher. Your love keeps on. Lauren welcome to fbn a. M. Good morning, im lauren simonetti. Cheryl im cheryl casone. Were trying to lift higher but no luck so far. Lauren monday, th the dow s down 335 points in the premarket, nasdaq is down 120. Yesterday the nasdaq had the biggest point gain ever. Cheryl the Oil Price War continues after yesterdays 10 rebound. Oil is under pressure now. The contract is down 1. 31 . We shall see, though, if the russians come back to the table. Lauren and we see how nervous investors are by looking at the yield on the 10 year treasury, it is down 7 basis points this morning. Cheryl adidas will lose more than a billion in Greater China sales due to the coronavirus. Were watching headlines. There were red arrows despite u. S. Markets gaining. Japan and south korea the two hardest hit markets there. Lauren were watching stimulus responses from governments, in london the bank of england cut interest rates, th
Cdc calls for stronger restraints to stem the coronaVirus Outbreak youre watching a special edition of squawk box. Good morning, everybody, im becky quick. Joe kernen and Andrew Ross Sorkin are live at times square. Youll see the dow futures, the s p futures, nasdaq across the board limit down after weve seen what the feds reaction is and wait for the market to open. Well watch the etfs, those are not capped at 5 down. You can see what the action would be right now the dow etf is trading down by 8. 9 s p 500, etf trading down by 8. 8 these are the things youre watching very closely. Last night the fed took Emergency Action cutting i its benchmark Interest Rate from 1 to near zero, and other attempts in an attempt to stabilize the market buying 700 billion in mortgagebacked securities they are also activating swap lines, in an effect to calm lines. More from Steve Liesman in a moment. Other news out of washington today, the house passing emergency coronavirus aid legislation including f
But did bern knee pull biden too far to the left . Well react. It is monday march 16th. Fbn am starts right now. Cheryl here we go, welcome to fbn am and good morning everyone. Im cheryl casone. Lauren good morning to you at home youre like lie watch withing from home not the gym not work this morning thank you for joining us im lauren simonetti. Cheryl lets take a look after feds dramatic move late yesterday. They cut rates, and they agreed to 700 billion in bonds purchases e mostly treasure reis. Some of those mortgage back securities were limitedded down overnooght for the s p and nasdaq right now dow down and s p down 128 and half nasdaq is is down 3. 59. 75 and cannot go below 5 and remember, though, folks dow had biggest one day surge since 2008. This is volatility. Lauren take a look at the ten year treasury how pan pick investors are really down, 7 . Cheryl on fed moves we saw oil go briefly below 30 a barrel overnite right now were at 30. 10. But thats selloff 5 for oil this i
Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
A coalition base the u. S. Launches a new round of airstrikes in iraq. Asian markets have opened in freefall extending a global ralphs on fears of a recession caused by the coronavirus pandemic it follows a diet day for us european and middle east in stocks invest as a bailing out amid travel restrictions and business shutdowns that are bringing economies to a halt italy has ramped up its lockdown closing baals restaurants and shops all fronts norway and ireland are among the latest countries to close schools and universities if its to stop large gatherings have led to severe restrictions owns forcing events european football matches and american basketball baseball and hockey games are among those canceled or postponed. The fallout is continuing on Global Markets on wall street the Dow Jones Industrial average sank almost 10 percent its worst losses since the black monday crash of 1987 and none in the footsie 100 closed down almost 11 percent while european markets together dropped 12