Than 1 as many of the cloud and socalled stayathome stocks get hit. It was the announcement that Pfizers Covid vaccine is more than 90 efficient thats what really set the market on fire we got more on that in a minute. Meantime, lets send it over to kelly. Thank you, sir. It is a huge day for the markets and a potentially historic one in a fight against the Chris Christie we have full Team Coverage for you. Bob pisani looking for the market reaction. Meg tirelli and bob pisani, lets start with you historic move for the s p 500 and big volume were going to do twice normal volume on the markets. We havent seen that recently, big volume on big up days. Thats a change on market sentiment. You mentioned small caps obviously vaccine, better reopening story. That would help small caps, look at this up almost 7 more than twice the performance of the s p 500 mega cap out of big cap, mega cap tech stocks and into small cap but also a little bit on the weak side as weve been noting all throughout
Dow surging 461 points, s p gaining 1. 21 , nasdaq advancing 1. 31 . The s p up for 2020 now including a 47. 5 gain from the march lows im repeating that, a 47. 5 gain from the march lows. All of the airlines, arent that he mazing . They wont quit. Some goes for the cruise lines, the hotels earnings who needs earnings bother me later. The casinos are on fire. Who can resist now that theyre open again oils warring. The price of crude up 75 from that bizarre bargain, take some will you, this is a vshaped recovery like this, and then theres boeing, up more than 150 from its lows in march. 12 move today the biggest winner of the dow and best month ever can you imagine, humor me for a second, could you imagine if they got some orders it all makes sense even if this run all the recovery stocks are low, so theyre off the highs, and thats why its easy to see why theyre so irresistible since we have no faces here. Buy, buy, buy and any earnings can spoil the party but there are none that said,
People from that cruise ship disseminated out into our area when they stepped off of their vacation. I did speak with one of them today. Her name is Susie Schultz. She did not want to be identified publicly. She said she got sick upon getting back from that cruise. She thought she had the flu may be strep throat. And then floor to monday en she sees the headline the Sonoma County coronavirus patient had been linked to a cruise ship. She called Princess Cruise Lines and got nowhere. She tried the county but didnt get very far. She started researching on her own and came to learn the cruise ship she was on had to be the one tied to the coronavirus case. She started calling everyone her doctor county health. While no one gave her specific instructions she decided to self quarantine. She made the decision on her own. She made repeated calls to princess cruise line asking if she should be worried. She was repeatedly told there was no problem. She said she kept being told there was no proble
Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
Youre going to feel this cooldown. Now, many locations it will still be mild just not as warm as that we havent seen earlier this week. Dosages in San Francisco. Mid 60s in oakland. 70 degrees in san jose. Of our 60s and conquered. About five degrees above average for places like london, san jose and conquered. Talking share a chance of the next is, talking about in the next forecast. A couple things to look out for, first off the bay bridge we are seeing a few more cars make that track on the westbound side headed out of the spray into San Francisco but no metering lights yet. Most of our bay area is pretty budgeted is look at the bridge you can see the fox lights off the side. We did have a broken down legal, but some slightly slower speeds just as it has an area where that solace and the golden gate bridge, there is a road book on the north and yeah overnight to their and traffic is moving pretty thoroughly into San Francisco. California in a state of emergency, a cruise ship stuck