Record high in history. The dow, nasdaq and s p having worst week since october of 2008 at the height of the financial crisis. Checking on Global Market action, pmi out earlier, below 50, but that was up from 47. 9 in last month and we have losses across the board. The biggest loser there is the ftse 100 in england, down 2. 6 . Checking asian markets overnight, chinas manufacturing getting slammed by the coronavirus. Private measuring of Manufacturing Activity released monday record low for february. 40. 3 reading in february. The lowers since the survey started in april 2004. Nevertheless asian markets are close but agreeing across the board. Hong kong retail sales fell 21. 4 year over year, 12month of declines. Could led to worse number for february. Market rebound in asia. All eyes on the coronavirus. Two deaths now reported in the United States due to that virus. Cheryl casone has the details, cheryl. Cheryl thats right, dagen, Washington State has confirmed the second coronavirus
Get blown away. A second death was reported good thing im a big guy. Overnight in Washington State. And florida, new york and rhode [ laughter ] shes out there holding on to a tree. Island all reported their first all right. Lets get started this morning. It will still be windy. Cases. Tech giant apple launching a especially in the bay area new fund today, it said that it hills. I want to shelenu had a wind gu will help people trying to make it in the bay. It is called Apple Affordable Housing Fund involving a of 72 Miles Per Hour and mt. 150 million grant meant to help find solutions to the housing diablo it was 56. Crisis. This is part of apples and a lot are in the airports at oakland and commitment to pledge at least napa still up to 33. 2 billion to help the bay area and today it is still going to create more affordable housing. Be breezy as our temperatures reach into the low 70s inland. The Group Housing trust Silicon Valley is working with apple and well talk more about that co
Erased but futures have jumped back into the green. Jim, we know its going to be another crazy week, very hard to predict. So what is your tell this week i thought the advice we got from friday ended the teeth of it but if the market is up, were still oversold and thats what you got for it but i dont think theres much that you want to buy i think youd rather wait until it goes back that swing, at 3 30, the futures were up 80, it was crazy, but i think what matters is that there are a lot of people, the feds will take action today and i come back, peter bachvar was on with dominic chu unless the fed can create a vaccine or beat the virus it doesnt matter you said on friday this is a biological crisis. Not ultimately it could i dont think it will turn into a liquidity crisis, for a state at home economy and when you have a Service Economy like we have, you get an upgrade for darden, for instance, last week, Cheesecake Factory are you kidding me anybody anywhere theres a gathering is goin
Erasing that bounce on the ism manufacturing 0. 25 for the s p 500. Twitter is better on the les stake. Colgatepalmolive doing pretty well. Surprised, but we got down as far as 1. 02 . We see that the twostens curve is at 28 basis points, wider than recently, because the front end of the curve is moving even more than the 10 year. We are seeing a little bounce for oil as well, but it is telling that even with the 2. 5 bounce, we are just below 46 a barrel. Guy here in europe, the german twoyear currently trading at 83. Another six basis points to the good. The bid at the front end, as you mentioned, absolutely being maintained at the moment. The bond market continuing to send scary signals about the appetite for risk. The dollar continues to suffer as well at the hands of the euro , now trading 1. 1132. The story last week was that this is the short story being removed, that this is the carry trade being removed. The market with the volatility we are seeing at the moment does not want
That they short. This is a startling development in a battle that has taken it to washington as both sides are preparing to meet the politicians who have it out to regulate wall street. Welcome, everybody. Im neil cavuto. This is your world. And in case those big hedge funds were looking for trouble, well, they found it for themselves. Because theyre going to put up quite a stink, quite a fight that theyre no ones tool, capitalist or otherwise. Charlie gasparino has more. Whats happening here . Neil, the speculation in these stocks has farranging implications. The markets are going nuts. The stocks are up and town. Gamestop is down dramatically. Somehow the focus get on hedge funds following comments by massachusetts senator Elizabeth Warren who thought this was a good time to crack down on hedge funds. She seems to have some support in congress, and some republicans. The Hedge Fund Business is fighting back. Theyre worried about restrict Tiff Measures from congress that curtails what