Are so wide in disparity. Are bravehose who enough for dumb enough to time this market, we have not seen back to back gains since february 12. We have had this seesaw where we have this string of declines, then this rally, that it resumes the decline. Scarlet i am taking a look at the scope of the moves. When he 3 . Almost a quarter of the members, 10 today. That sounds like a lot but yesterday, on a day in which the s p declined 11 , two thirds of its members. Not even close to what we had seen yesterday. The big movers are really in the defensive set ears. People ares if saying risk on and romaine we are talking about the mechanisms of the market here. Joe the nasdaq up over 7 . Some talk about some of these Tech Companies being popular because they are kind of the new staples. A lot of them have really good Balance Sheets. Even a company like apple, which is exposed to so many risks, something to watch. Havene so many analysts the idea that you have this sort of work from home affec
I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. Thats the latest on the market action. Now the latest
We are down by about 5, 6, 7 . European stocks off by 5 , 6 . Dollaryen was treading trending towards 100. Moving to treasury has been tremendous. 45 basis points on the 10year, german bun yield german bunds yield down two basis points. Theseonly down 23 , but are historic moves in the markets. To get another read on how the s p might open up, we want to look at the five biggest stocks within the s p, and they are now down between 5 and 6 . We want to update you on the global exchange. We will bring you all of todays market moving news from all over the world from hong kong to london to rome. All bloomberg voices are on the ground with top stories. We will begin with market action, particularly in oil, brent crude plunging 31 , the biggest drop since the gulf war in 1991. Joining us now is Annmarie Hordern. Annmarie we are seeing a massive selloff, unprecedented in the oil market. We have between shots. At the same time we have demand destruction across asia, in europe and the united s
Is doing as the head of that task force. However i have also been told that the president was a bit frustrated with the call that the cdc, the centers for Disease Control, had with reports yesterday in which they said the exposure or the risk for the coronavirus inside of the u. S. Is low, however, the chance for it spreading inside of the u. S. At some point down the line is likely. We are expecting the president here, to essentially address the American Public. The top Infectious Diseases doctor earlier today was asked what he thinks the president should say in light of all the messages that have been bouncing around and this was his response. Listen. At the present time things are under control here but realistically we need to be prepared for the possibility and maybe the likelihood we will see more cases here. The to the degree we can contain them women determine the impact on the country. Reporter liz, there is also a discrepancy on capitol hill the amount of funding needed to co
He could become the fourth president in history to face impeachment proceedings. Fliesaker Boris Johnson into a political crisis after the Supreme Court in the u. K. Rules his suspension of parliament unlawful. And oneway traffic. China prepares to buy more u. S. Pork as President Trump uses his u. N. Address to slam beijings trade practices. Christine lagarde calls it the biggest threat to Global Growth. It is mediocre growth. Ofis at risk because essentially one major threat, which is the trade war that we see. Now, of all the things vying for investors attention, Political Risk is pushing its way to the front. Donald trump is to face a formal impeachment inquiry. Speaker pelosi says the u. S. President has violated his oath of office and obligations under the constitution. Trump called it witchhunt garbage. Boris johnson has restated his vow to complete brexit next month. He said he profoundly disagrees with the u. K. Supreme court, but wilson comply with its ruling. Joining us now