The most successful ceos on wall street and beyond busy. What one big box is telling analysts amid panic buying its friday, march 6, 2020 and Worldwide Exchange begins right now. Good morning welcome to the show. Joining me the entire hour, Citi Private Bank global strategist who will write down all of the headlines for us now to this mornings top stories and breaking news. Wall street is once again licking its wounds after a wild day of trading yesterday a wiswing of more than 3 . Just four days, up 1,300, up again. You can see the dow is indicated again down 515 points. It is important, weve seen about 200 points in deceleration levels all of this coming off yesterdays moves. All the major averages are in socalled correction territory those were record highs. Those moves are happening with the treasury yields and benchmark hitting its lowest level in history listen to what double lines told us yesterday i think we are pretty low right now. I think maybe well get to 80 basis points i
279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to bottom is the chance that they werent going to bottom. Bef
Voice of jack. Can you give us some context of whats going on here . This was a crazy one. I mean, ive been watching english football since the early 90s. Very few examples of this that i can ever recall. There was one guy named eric kantana hit a fan with a karate kick behind the goal. But this is extraordinary. Youve never seen a player go up in the stands after, you know going on like this. They just let him climb. A long way. Theres no way hes not going to be punished for this one. Frankly its unprofessional and you cant have it. A little surprising. And now to a health alert about alcohol and alzheimers. A new Study Suggests that moderate drinking may help maintain a healthy brain. Researchers found lower levels of the protein that forms brain plaques associated with alzheimers disease in socalled iners, those who over decades. Three days after that deadly tornado outbreak in tennessee, residents and volunteers are ramping up efforts to try to dig out from the destruction. Those s
Keep in mind, neil. The two sides were supposed to be, the timeline was supposed to be, they would meet, President Trump and president xi in apec 10 days time. We know apec was canceled. That kind of through everything into a scramble where these two could potentially meet. There are two different facets. The first off the terms as stuart talked about. Also the location. The location is an important piece of the puzzle, when you talk about this potentially shifting into december. There are logistical challenges now because of the cancellation of apec of trying to get these two world leaders, a, into the same place and then, b, trying to sort all of that out. When you talk about next week, the time frame of when they were supposed to be meeting, that is becoming, it is fair to say, less likely that these two leaders, President Trump and president xi, would be meeting together wherever. Pick any sort of point across the globe, whether here in the u. S. Or some point abroad. When you look
You stories of veteran entrepreneurship, you do not want to miss. All that and so much more on making money. Charles violence escalating in hong kong. One protester actually shot by police. Another set on fire. Hong kongs leader vowing to do Everything Possible and spare no effort to stop protests taken over the city for months. Greg palkot is live in london with the very latest. Greg . Reporter charles, we have watched it on the ground in hong kong. It was nasty when we saw it but weve been watching these images today and in fact one journal is describing it as the worst day of violence in five months of unrest in hong kong. There were several important incidents but perhaps the most severe one, one, a Police Officer grabbed one protester and then with a gun, using live fire, shot at pointblank range another protester right in the stomach. He went down. It was on widelyviewed video. He is in Critical Condition. A man reportedly got angry with other protesters was doused a flammable fl