Cut this month thanks. We are seeing a big bounce back. All angles are covered for you bob pisani, Rick Santelli in chicago seeing new lows on the ten year yield, meg has the latest on the coronavirus and Steve Liesman on whether the fed will come to the markets rescue here we begin with stocks and bob with the latest here kelly, were just off the highs. The question is, why theres two essential reasons. Number one, we have extreme oversold conditions. Well explain that in a minute and number two, we have hope for fiscal stimulus and coordinated monetary stimulus and theres indications those are coming together as well there you got your rally take a look when we say extreme oversold conditions. It shows you mouch much the market momentum is moouing below 30, thats oversold. You very rarely see this its screaming buy in a traditional way to look at the markets. Another extreme indicator, you have nyse, the volatility index. We were at 49. Thats almost four standard deviations away. We
A payroll tax cut to provide shortterm stimulus, pu sources telling cnbc the white house is far from ready to roll out the proposals and a number of Companies Cutting their dividends and Spending Plans guests this afternoon, the ceo of jet blue as the company pulls its guidance due coronavirus jim oneill joins us to discuss the Economic Impact and government responses around the globe and what to do with your money now. David herro will join us as we count you down into the close. 59 minutes left of trade joining us for the full hour, paul hickey and paul, you guys have been doing some research as to how key and how stomach churning this final hour of trade has been this really is the most important hour of the day lately over the last ten days zblsh repeat that. Most important hour of the day. Over the last ten trading days, weve seen an average move of 1. 1 in the s p 500. Weve only seen that five other times going back to the early 80s last 15 minutes of trading, average move of. 8
A strong china growth, and watching the three major indices billionaire head managers say theyre still buys equities, joining us for the first full hour of the show slight gains, but anything is good enough. Lets focus in on the big stories. Seema is watching the market record highs Steve Liesman is diving into gdp. Combing through the numbers, a number of sectors are climbing to new highs the ren sawn etf and russell welcome back, every year the 2000 is less than 2 away. Forgotten 40 is put out. Widely seen as a market breadth some of the standouts on this list, discovery, Madison Square, this together comprise 13 of the s p 500. And more good to see you, jonathan. Also i want to draw your attention to shares of railroad thank you for joining us. Thanks for having me. Operator csx, a very choppy day lets kick off with discovery. Why is that such a standout following mixed earnings, which name the company blamed on a its clearly an outoffavor softening industrial economy that stock is
We get answers and love, exciting and new its in the air this valentines day. But wall street is sweet on a couple of stocks. Nice. Will they be lasting romances or are investors flirting with disaster we are doing a like or not, or hot or not like a would you rather. Swipe. Left or right, whatever it might be we dont care. All that ahead but we start with some big breaking news on the biggest name in investing. Who else but Warren Buffett. The latest filing from Berkshire Hathaway showing outsize moves from omaha her here is the rundown to berkshire started new positions. Kroger getting a pop 18 million new share stake over the quarter. Biogen over the new stake. And berk shir bought the spy and the voop ber berkshire remember it it could be warren, todd combs, doesnt mean warren himself. Berk shir raised stakes in general motors, occidental petroleum. Resortation hardware and sun core energy. By my math he sold a massive 60 some million share stake in wells fargo and trimming Goldman
And he will join us in the questions and answers. As power lunch begins right now. Welcome to power lunch, everybody. Im Contessa Brewer and just admit it you dont know which day it is either after the markets were closed yesterday, it feels like a monday weve got stocks falls from record highs today the dow down triple digits well, were off the lows of the day. Were at lows of the day right now. Breaking that fiveday winning streak take a look at boeing. That stock is moving lower as sources tell us the Aerospace Company does not expect regulators to sign off on the 737 max until june or july thats thats months later than anticipateded and with the markets at or near record highs seemingly every day, does it make stocks vulnerable to a pullback on any negative news . Bob b pisani at the New York Stock Exchange with more we have got a one two punch here today first late in the day, we have the nuews about boeings planes, the 737 max maybe not available until the summer that hit us then