But businesses are reopening across the country. And a no go for space x. A mission to launch american astronauts to orbit from u. S. Soil for the 1st time in nearly a decade is called off. Now the u. S. Says hong kongs autonomy is gone the declaration by secretary of state mike pompei effectively ends the territorys longstanding special status with the United States and risks its position as a major financial and trade hub now pompei are told congress that china was trying to model hong kong off to itself by imposing a new security law he said Hong Kong Special trade and economic treatment by the u. S. Should end as protests in hong kong continue china has rejected a request for an emergency meeting of the Un Security Council its un ambassador called the us the trouble maker of the wild the Hong Kong Security bill is set to be voted through on thursday about the final day of the National Peoples congress in the Chinese Capital aljazeera is how these are castro reports from washington
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Coronavirus and almost 100 deaths. This as lyft, pelaton, grub hub and tmobile report quarterly results. Its a mixed bag. I want to bring in taylor who has been covering the markets today. Walk us through the resiliency of tech in general. You saw the s p and the dow down. But again the nasdaq rising. Unbelievable. I think a lot of the earnings have come in much better than expected. Youre getting the sense that the tech sector here is sort of a defensive sector in this new environment. Its also another day that ive been tracking chinese tech stocks rel toive u. S. Tech stocks. They also relative to u. S. Tech stocks. They also are overperforming. A lot of growth and ot mitchell overseas filtering in through. The s p tech index is positive for the year, as crazy as that sounds. It is the only index in the s p. Now the only sector thats positive for the year. Youre really getting a sense that now big tech is the leadership in this environment. And weve got some quarantine favorites repo
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
Simpson unveiled their new lineup. We take a look at these new devices. There seems to be no end in sight over concerns about the coronavirus. The death toll has jumped after Hubei Province revised its death toll. Thousands have been quarantined on board in the waters off yokohama, japan and the National Energy agency warned Global Demand for oil will drop. Paul allen and i spoke with the chief Market Strategist at cross mark Global Investments on thursday. We are always watching headlines but one thing we tell our clients is we want to look through the headlines when it comes to investments. But daytoday, yes, the virus has caused volatility. We saw that a little bit. We saw the markets come back a little bit and gain about 50 of what they lost. A lot of that is because the was because ofes a case of methodology and so it included a lot of people who already have the virus. It wasnt necessarily all new cases. Originally, we had a selloff and we saw that come back throughout the day. B