Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s
Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like they are close to a deal. Andrew, ill send it over to you. Meantime, the latest on the pandemic the number of confirmed cases worldwide now totaling more than 1. 2 million. More than 330,000 of those are right here in the United States and more than a third of the u. S. Cases are in new york state. The death toll in america standing at more than 9600 overseas, british Prime Minister Boris Johnson was admitted to a hospital for tests a spokesman called it a precautionary test the Prime Minister test
Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining us for the full first hour of the show, lindsey bell from ally invest they have 7. 85 billion in total customer assets. Shes here along with our team of reporters to break down this massive market sell off. Bob pisani is on the floor of the change Brian Sullivan covering the Oil Price Collapse mike is here to look in the the market mike holland ond transports. Well get to all our reporters the dow is down 7. 25 . B bob. Important thing is the Circuit Breakers hit this morning. Down 7 . Halted for
Im not laughing again well i guess sometimes i am but i stand up and whimpered up and pretend you havent thinks deep into her jemma culture of looking at a stereotype question but in years think the future of the country that i now know i. Need it seems to take for this drama. Its all about. Bob im rachel join me to meet the jetman from d. W. Post. Boing admits its absolutely unacceptable dain brain has been found in the fuel tanks of 737 months jets it could well have been flying by now but for the models grounding last year. The u. K. Government wants to end migrant labor with a new post visa system behoove us to do the heavy lifting. Facebook and google watch out the e. U. Says it wants to compete with the u. S. Tech on Artificial Intelligence. Bases data real business im robots in berlin welcome along the grounding of the 77 macs has already made for a very bad year for boeing but on wednesday the plane maker had to make another unwelcome announcement about the model boeing says it
Watch out any new says it wants to compete with u. S. Tech on Artificial Intelligence. Basis to be a business on robots and then ill come along. Now the grounding of the 737 max has already made for a very bad year for boeing 1st on wednesday the plane maker had to make yet another unwelcome announcement about the model boeing says its found unwanted de vry in the fuel tanks of some of the 737 maxas that are waiting to be delivered to airlines around the world the problem was discovered during maintenance of the planes which have been built since the model was grounded last march boeing says it has now made adjustments to its processes to avoid stay very getting into the tanks before theyre sealed. Well lets get more on this from our correspondent jose luis to haro who joins us from wall street jose whats the reaction been there to this latest yet another setback for boeing. Rob for some investors its a kind of. Warning it is a game indeed to remain to credibility and the safety of its