Territory in a single trading session. For some, it was even worse than that check out shares of apple down it lost 180 billion in market cap. That is the largest oneday lost for a u. S. Listed company on record if that isnt enough to get your attention. Apple lost more in market cap yesterday than the individual market capitalizations of 470 of the companies in the s p 500 it wasnt just apple microsoft, alphabet, microsoft and even tesla saw their market caps shrink. Microsoft down by 115 billion amazon off by 93 billion. This morning, things look a little better. You still have the dow down 150 points right now, it is reverse that up 300 points the nasdaq saw the biggest declines, up 27 points right now. We have to keep that in context a few things in here as well talking to people all day yesterday, here is the list. Youll want to know exactly what happened it was the nasdaqs largest drop you dont go up 400 and down that will be highspeed trading. That would matter until they do. Va
Was nasdaq and s p 500 down almost 3 . Add boycott slit sit Major Companies pulling out of advertising dollars from social media giant is costing Company Millions anding to surngd pressure and down two and a a quarter percent right now. Boeing takes flight test of the 737 max begin this is week. The stock is up on the news this morning premarket up close to 3 and Federal Reserve Shopping List essential bank releasing name of companies that it is purchasing Corporate Bonds from. Including automakers, telecommunication companies, even beverage cocacola, plus china take more steps to plan down on hong kong frms and beijing says it will impose visa restriction on americans with what they call egregious conducts on Hong Kong Related issues. Mornings with maria is live right now. Global markets look like this european indices highser with the up a third of the percent and paris up about 16 points also a third of the and dax is higher than 34 points twothirds of one percent. In asia across th
We take you live to the u. S. Senate where to date lawmakers who will be on a defense programs and policy bill. You are watching live coverage of the senate on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will ohm the senate with prayer. The chaplain let us pray. God of grace and mercy, in these divisive and polarized times, remind us that words have consequences. Help us to remember that we are accountable to you for every idle and careless word we speak. Lord, teach our senators to be obedient to your commands, doing your will as your presence fills them with joy. Today, surround our lawmakers with the shield of your favor, as they labor to deep our nation to keep our nation strong. May they be quick to listen, slow to speak, and slow to anger. Manifest your power through their labors so that this nation will be exalted by righteousness. We pray in your mighty name. Amen. The president pro tempore please join me in the pledge of alle
Surging. Awayee emfx which has come , it is coming off as well with the exception of the taiwanese dollar which is stating stable. ,he one, the renminbi won the renminbi they are off. You see the aussie 10year yield lower to 87 basis points. The chinese 10year yield is a turning point. We have seen a selloff in chinese bonds, this could be the Inflection Point to head lower. And we mentioned the oil price, it seems like the recovery could tolongstanding according the fed. We are seeing oil heading to its first weekly drop in two months. In thea trepidation markets come the s p dropping as much as 6 . Lets get perspective. Mark renfield cranfield joins us. We know lots of money is sloshing around. That could provide support for the markets. Mark i think we will have to get used to the higher volatility. But is one of the things we have been experiencing in the selloff in march. On a daytoday basis we get more big swings either up or down. 5 or 6 , movement has become more common. There
Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seeing. I wouldnt put too much into that will market at this point. Interesting you say that, there is a divergence and