Bremmer, and Gabriela Santos the dow is down now almost 700 points again coronavirus fears sending the market plunging. The dow falls at one point more than 1,000 points at session lows all sectors going into correction territory which means 10 off their highs. Stocks are off to the worst level of the session after jay powell came out with a statement saying the fundamentals of the u. S. Economy remain strong and bond yields are plunging again sending Mortgage Rates to their lowest levels in eight years joining us for the hour, the final hour of trade is lindsey bell from allied invest. Also with us is senior markets commentator mike santoli as always to take you through the bell lindsey, what are you getting from some of your clients and what are you telling them . Our clients are retail clients. They are definitely concerned. So were telling them first and foremost, please do not panic. This is why you should have an investing plan in place. And always go back to that plan to reasses
To very high global level. Well lisa china there is some good news in Mainland China they are reporting 327 new cases that is the lowest since january 23rd and chinas biggest 3 airlines they have restored some International Flights with that lets go to kristie to start off this weeks market walk. Buyers are getting burned again as an avalanche a stock dumping continues and accelerates into the weekend Global Equities are now headed for the worst week since the depths of the 2008 financial crisis as investors ditch risky assets on fears of the coronavirus will become a pandemic and do real Economic Growth even gold cant even catch a break with the safety metal down 1. 4 percent for the week now this is unusual as gold and risk assets trade inversely but with a sliding gold it is a market signal about fears of a Global Deflation settling in the entire treasury yield curve is inverted and now trading below the fed funds target rate the market is essentially now demanding almost 4 rate cut
A population of over 20000000 people has also reported its 1st case from an italian patient w. H. O. Continues to warn that this virus will likely soon be in every country throughout the world. The continued increase in the number of cases and the number of affected countries over the last few days clearly of concern. Just have been monitoring these developments continuously and we have no increased assessment of the risk of spread and the risk of impact of corbett 19 to very high global level. Well lisa china there is some good news in Mainland China they are reporting 327 new cases that is the lowest since january 23rd and chinas biggest 3 airlines they have restored some International Flights with that lets go to kristie to start off this weeks market walk. Buyers are getting burned again as an avalanche a stock dumping continues and accelerates into the weekend Global Equities are now headed for the worst week since the depths of the 2008 financial crisis as investors ditch risky a
A lower those 2 had recently traveled to italy and reported the contract of the virus there mexico is now the 2nd latin American Country to register the virus and the largest city on the african continent lagos which has a population of over 20000000 people has also reported its 1st case from an italian patient the w. H. O. Continues to warn that this virus will likely soon be in every country throughout the world. The continued increase in the number of cases and the number of affected countries over the last few days clearly of concern. Just have been monitoring this development squint universally and we have no increased assessment of the risk of spread and the risk of impact of corbett 19 to very high global level. Well lisa china there is some good news in Mainland China they are reporting 327 new cases that is the lowest since january 23rd and chinas biggest 3 airlines they have restored some International Flights with that lets go to kristie to start off this weeks market walk.
Iran at 34 where that country has seen a huge jump in infections to ron had already canceled friday prayers at the capitals of 23 of around 31 provinces u. S. Secretary of state might bump aoe says that the u. S. Has offered to assist iran with medical response over in south korea they have the highest number of infections outside of china 2337 and while china seems to have gotten some control over the spread of the corona virus it is italy that appears to be a Central Point for spreading the disease as italy now reports 650 cases and 17 deaths switzerland has canceled its giant geneva car show mexico has confirmed its 1st case of corona virus 2 min in mexico city and want to see the loa those 2 had recently traveled to italy and reported the contract of the virus there mexico is now the 2nd latin American Country to register the virus and the largest city on the african continent lagos which has a population of over 20000000 people has also reported its 1st case from an italian patien