Well get into that as well. Deirdre bolton has all the fast moving developments from the big board. Neil what a week, what a week indeed. This is the worst week for the dow weve seen since 2018. Just the volatility alone today. As we can see down 470 points. We were down more than 900 points earlier. I want to highlight quickly some of the stocks that are limiting the losses on the dow. You have two pharmaceuticals, not a huge surprise in the backdrop of these fears about the coronavirus spreading and one staple which also does sell face masks. Merck and pfizer, we know merck has had a long history of developing vaccines. So you do have the stock moving higher limiting some of the losses. Pfizer as well, and 3m which does make the face masks. If you look at some drags on the average, part. Reason today, why were seeing so much weight you have apple, microsoft, two Huge Tech Companies that both have exposure to china. Apple in 2019 got 17 of revenue from china, microsoft about 10 . Both
An atomic bomb. So there have been rocket attacks in and around baghdad after those u. S. Drone strikes which killed irans top military command the qassam salomone in iraq 48 hours ago no one exploded in the heavily fortified green zone near the American Embassy also the brigades that pro Iran Military group is warning iraqi forces to stay away from u. S. Bases also grief and rage have filled the streets of baghdad and the shia holy cities of karbala and najaf weve seen these sorts of funeral processions taking place for sort of money and the Iraqi Militia leader dont forget the band mohan this who was killed alongside him diplomats and leaders meanwhile are scrambling to ease the crisis between iran and the u. S. This is the Qatari Foreign minister who has been dispatched to me irans leaders youve also got france the u. K. And saudi arabia all calling for calm ok that sort of coverage with some a bit of a reporting from baghdad. Multiple attacks have been reported in and around iraqs
Forward i think because you dont already. Know how this is struck he took off he scratched no i spoke to the secretary general. The President Trump that we need to ensure law in its european contrariness and also those who are close to the russian border are not stupid exposed to russian almond. And we need to take this joint position you know with a new treaty now of i that maturity and i would like europe to step up to its responsibilities as france does. And that we together can coordinate and embark on the new dialogue with russia. In terms of security and disarmament. Not territory. Leaders coming up with russian green river. And theres a possibility this is very very for security very very important crane operators very far from the state border in russia also that they work out a treaty they were guaranteed because of the fighting over time to all and i think is a really good chance and also with respect to Nuclear Weapons ive spoken to president bush and i have communicated wit
California utility pg e said to be close to finalizing terms for a 13. 5 billion dollar payout to victims of wildfires sparked by defective equipment. Youre told it would pay half in cash and the rest in stock in the reorganized company, although no final agreements have been reached. Pg e shares rallied strongly on the news but are still down more than 50 this year. The owners of the new york mets are in talks to sell up to 80 of the major league franchise. Were told a deal would be valued at 2. 6 billion and set a path for billionaire steve cohen to take complete control after five years. Hes already an investor in the mets and has a net worth of more than 9 billion. Shery markets open in tokyo and seoul at the top of the hour. Sophie stocks are set to rebound after closing at a low. U. S. Futures little changed. Checking in on the end, Holding Steady while weakening to a twoweek low yesterday, snapping a fourday advance. They opened lower but could gain a 30year option come and. Whe
2018 financial crisis. Are there parallels or is that way overdone . Were on top of all of that. Lets get going. Welcome, everybody, im neil cavuto. Edward lawrence at the white house now with the back and forth on the trade front. Increasing youre hearing from firms like Goldman Sachs, we might not get a deal before the 2020 election, if after that . Reporter looks that way. Both sides digging in. Negotiations with china could start but not over trade but over currency. The Treasury Department labeling the china a currency manipulator. Treasury secretary Steve Mnuchin will work with the International Monetary fund to level the competitive or unfair advantage, level the Playing Field there the treasury, imf acts an intermediary, a forum for the exchange of these conversations between china and the United States. The Treasury Department has a number of suggestions already for china. First they want to lower the trade imbalance with the u. S. Second be more transparent how the exchange r