Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If
We have that and a whole lot more on making money. Charles major indices in selloff mode this morning with most testing key support points. Many are bracing for this. Many are hoping for a pullback in a long time. How does an investor know when it is overdone . I want to discuss that with Gibbs Wealth Management cio erin gibbs and liz young and Capital Wealth Planning jeff saut. Let me start with you, liz first because youve been kind of feeling like okay, wall street has been talking up this day for a few weeks, perhaps over a month when it came. Were at this moment. Where do we go from here . Leading up to this day weve been saying the risk for disappointment was pretty high. The shanghai composite was down only 2 before this. That didnt seem like enough. Markets in the u. S. Rallied through the beginning of the year. Didnt seem like there was enough after pullback. It felt like it had to be shakeup. Charles everyone agreed there wasnt enough of a pullback and you couldnt get the pul
Since the 2008 financial crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what President Trumps focus on now. President trump responses been to offer help to president xi, he has not accepted. He did permit the World Health Organization to send a team at their access was restricted. And now the who in geneva admitted yesterday that key data they need about how healthcare workers are infected, means of transmission, have not been provided by china. This is not something that is evil or mean, its part of chinas overall strategy that weve seen the last t
Valuable tips to stay healthy. Treatments that we know right now if youre planning to travel in and out of the United States. Director of nih said vaccine could be coming within 3 months. Microsoft warning it will miss revenue guide and deadly shooting at a milwaukee facility. We have the latest this morning, plus how you could own the Million Dollar picasso for 100. Mornings with maria begins right now. Maria some of the stories that we are watching this morning a california resident tested positive for coronavirus and could be the first case if its Community Spread in the United States, it means that the doctors do not know how the patient contracted the virus. At this time theres, quote, no relevant travel history or another known patient. Cdc is adding in a statement its possible that the patient could have been exposed to returned traveler who was infected. President trump addressed the media yesterday saying the u. S. Is droppedly developing a scene and tout what had the country
100 points, nasdaq down about 35 points. Thats aflight away from stocks and into safe havens like gold, there you have it. Twentythree dollars higher gold this morning, 1,643 per ounce, now look at this, this is the yield on the 10year treasury bond, down 4. 8 , thats a flight to safety, money moving into the safer heaven of Treasury Bonds and out of the more risky assets known as stocks. President trump in rally in colorado, he was on the economy and markets and presented a very positive view of americas future, very much in contrast to the damage control that the democrats are doing after their debate, tonight, by the way, the president speaks in las vegas, that will be his third rally of the week and its in las vegas right before the las vegas the nevada caucuses which start tomorrow, look at this, on your screens now, thats the president with momentum, his 49th Approval Rating is higher than 48th percent disapproval, first time in presidency, the man has the wind in his sail and ra