Statistics in march the Dow Jones Industrial average finishing down 13. 7 there were three drops of 2,000 points or more overall, the index traded in a nearly 9,000point range and half of the dow 30 lost more than 10 or more of their value for investors, all within a 31day month where so much changed in the markets and really, so much changed in the world. Also, you know what changed . Oil falling 67 so far this year a number of oil stocks have lost 90 of tlheir value in 2020 all because of demand destruction and the price war and the economy on edge because of, what the coronavirus. Covid19 and when the White House Press Conference Begins we will take you to any major marketmoving headlines or headlines concerning your health that you need to know from that press conference when it begins and now a daily occurrence at 5 00 p. M. Eastern time i am bright an sullivan and i know it was a tough start, and guy adami, tim seymour, Karen Finerman and chris vrone guy adami, lets do what we do
Done b. K. , sit tight for one second obviously its 6 00 eastern time most of our audience is tuning in for jim cramer and mad money. Jim and mad will come up they will begin at bottom of the hour 6 30 eastern time for jim and mad money. A big lineup including the c. E. O. S of teledoc and ventas. We are expecting or were expecting this White House Press conference, which could begin at any moment for those of you tuning in who tune in, love jim, love to watch mad, but its 6 30 eastern time b. K. , thank you for that pause wanted to make sure our viewers understood why we are still on and not jim. What do you want to see the market the next couple sessions that might confirm some of the things youre talking about . Yeah, so, what im really looking for is how the equity markets react to this stimulus bill it looked like today when were getting close to a vote, the equity market tried to rally then the vote failed equity markets sold off. To me thats the real key here we have a couple pi
We ended last week strong coming off a very weak base last week the best week since 1932, well, we continued some of that momentum today. The dow ending the day up 690 points pretty much most stocks you look at they were higher today we will get to those, the one thing that was not higher continues to be oil. Down 7 as well. Well get to more on oil and what it may be signaling throughout the show. Welcoming. We are pleased today to be joined by guy adami and dan nathan for the entire hour, we welcome in emily roland of john hancock financial. Its good to have you back here on cnbcs fast money you said it seemed like the indiscriminate selling might be over, that gave you some comfort, were you more comforted by todays action . Yeah, and its great to see, great to be here i have to give a huge shout out to everyone in Englewood Cliffs for making this possible to getting us all on. Thank you. I hope everybodys safe obviously, and number three, yeah, i take a lot of comfort in the fact th
Warrant that level down sharply today we know you have all the analysis covered well try to get some rest tonight guys see you tomorrow morning thank you very much. Welcome to fast money, im Brian Sullivan and your traders on this very important night tonight are tim seymour and guy adami. Well get to that in a second. A record day on wall street, and for many a day to forget all three major averages plunging more than 7 . The dow the biggest loser, falling 2,013. That is not a misquote, thats the largest point drop ever in one of the top ten biggest decleanings on a percentage basis ever the transports crushed, falling nearly 0 , their worst day since all way back in september of 2001 on 9 11. Todays losses fueled by that crude crash we just discussed. The snrg sector having its worst day as well. Oil losing a quarter of its value, crude is trading below 31 a barrel many oil and gas stocks down 30 and 40 today. As the market assesses many of these companies ability to survive in a low
Most incredible market stat that you will hear today. The dow now on pace for its worst month since 1931 on that note, welcome, everybody. I am brian sullivan. The market meltdown comes as Congress Scrambles to launch a massive aid package to help millions of americans who are likely to either lose their jobs or a good portion of their incomes. Well hear about all of this in moments. Senator pat toomey of pennsylvania will be joining us live exclusively he has been inside the 11th hour negotiations on the hill and well get answers on what the ultimate stimulus plan may look like and what aid packages are likely to come and whether regulators are considering banning shortselling and reinstituting rules and that interview is ahead lets break down this historic week and joining us now our friends guy adami joining us in moments. We learned that a big chicago firm, ronan capital was unable to meet its Capital Requirements and this forced the Mercantile Exchange to invoke emergency rules an