Present some sort of model for the future course the coronavirus is expected to take. 180,000, overr 3000 people have died. I want to bring in our whatd you miss . Cohost romaine bostick. The s p had been rallying. What is the reason for the downward move today . Is it simply that there are no more places to hide . Romaine if you look at the higher,hat had moved defensive stocks, a lot of crowding. The worst quarter for the dow jones since 1987, the worst for the s p since 2008. Same thing for the nasdaq composite. The nasdaq 100 held up a little bit better. We are down about 14 on the nasdaq 100 for the quarter that just ended today, about 6 other than the s p and about 9 better than the dow. Over the course of the quarter, you had names like netflix and tesla rally more than 20 . Some of those large cap Genetic Sciences companies, those moving higher as well as gilead sciences. The in mind, a big reason nasdaq was down, we talk about this being a tech index but it has nontech names i
This is 3 declines for each of these markets. Joe, it looked worse overnight well see what happens as we get a little closer to the opening bell youve been watching the treasury. It was lockdown. It was lockdown for quite some time. And it really was about i couldnt help but saying, this is the politicians fault. It was if they had done what they looked like they were going to do as of friday, i dont think it would have been like that but then again, we may have had the, all right, they passed it, were up and then that sells off. In this world, i dont know what to hope for anymore. This is how it works, though. Im going to read something in a second that im so excited about. I even got more excited about this than i did about the futures not being locked down is,000 points. Weet gel well get to that. It was 954 points or something. Yields have come down. The tenyear was down at 0. 829 . Again, that volatility is spreading not only through the stock market but treasuries. Its been amazi
Prone to gaffes. In congress, no agreement on how to respond to the virus. The latest proposals, a payroll tax holiday for the rest of the year. In other words, your Social Security contribution, suspended. Another one, extend the april 15th tax deadline. However, congress had better get on with it. A oneweek recess starts friday. The market, not happy with any of this. Stocks will be down at the opening bell. You kind of get seasick watching it all. Down 2,000 monday, up 1100 tuesday, this morning we will open about 800 points to the downside. Similar losses for the s p and nasdaq. The virus, there are now just over 1,000 cases in the United States. Draconian action in new rochelle, new york, where the National Guard has been called out to help with a cluster of cases in that town. Seattle has restrictions on large gatherings. The first lawsuits have appeared, a cruise line sued. And just look at this. Students at the university of dayton rioted last night after the authorities announ
President and ceo of the Consumer Technology association and he is our guest this week on the communicators. What is the cta and who do you represent . Guest first, thanks for having me. Its great to be back. The Consumer Technology association is nonprofit trade association representing over 2000 American Technology companies. We produced the greatest, finest, coolest, most amazing event in the world and that is the ces health each january in las vegas. Host we will get to see us in the moment but who are some of the never companies . Guest everyone you would expect to see when you walk into your local best buy, but we also have sony and apple and you name it 80 are Small Businesses but 20 of the big ones with everyone from google to airbnb to lift, the disruptors as well as companies starting out with new Technology Startups as well. Host you take policy positions . Guest yes, we do. We are very strong and clear on what polly positions we take. We are strong at certain areas and we s
Testing limit down down by 5 as far as they are allowed to trade down before the open the number to watch this morning is down 136 for the s p. We have touched those lows and bounced off. We are not far off dow futures are down by 4. 74 . Nasdaq down 4. 6 after the opening bell, there are other Circuit Breakers you with watching. They would be kicking in with trading halting over a period of time down 7 this morning if that were to happen, youd see a 15minute halt after trading started. Next is if markets dropped by 13 . Then the third level is after 20 . That would be a halt of trading for the day. We have not seen these tested since 1997 until the last week of trading thats what we are watching so closely. If you take a look at the treasury market, you see the 10year note is 0. 71 . We got back to. 8 or so yesterday. With the yield, i was hoping they would have sold off talking to folks yesterday worried about what looked like it was better than going and maybethere could be problems