Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Fifth straight day with over 10,000 new cases if military medics aiding hospitals in texas and california. High gear this week this week we have eight dow components including ibm, cocacola microsoft, intel and american express. Analysts are expecting steep decline in earnings and revenue due to the coronavirus. On wednesday, investors have a close eye on tesla. Following ition electrifying rise and been the leadership in the market. Meanwhile futures kicking off the week in the red take look at where were looking at for the opening of trading this morning. Dow futures are lower by 31 points and nasdaq is up. 6 and a half, s p 500 futures right now down five points. Last week the dow and temperature s p were at for a third week in row but a nasdaq snapped two week winning streak last week as you can see. 2020 race is on about 106 days before election day 2020. New fox news poll show presumptive candidate joe biden holding lead over President Trump but race is narrowing. Were taking a l
Sport facing unprecedented a painful with most major Events Councils all of the leading european football competitions have now been suspended. The coronavirus pandemic is forcing countries around the world to take extreme measures affecting all aspects of life so the billions of people heres a global snapshot of whats been happening lets begin with america the United States has declared a National Emergency hours after a travel ban came into effect for most europeans planning trips to the u. S. Canada has suspended its parliament or Prime Minister Justin Trudeau as advised citizens against any foreign travel and he himself is on the corone team after his wife tested positive for covert 19 lets go to europe then which has. According to the World Health Organization become the new epicenter of the outbreak in spain a state of emergency is taking effect with the government announcing a number of new measures that will be imposed will people in italy get accustomed to living daily life on
Pace for the Third Straight weekly loss, could a friday rally turn it around and great debate, recession or slowdown. Two wall street titans weighing in this morning. And ges ceo wants investors to know he believes in his company as the stock suffers its worst day in over a decade so we do not need to tell you were heading into the final trading day of this volatile market week. The three major indices, each down 2. 4 week to date the s p and the nasdaq still posting double digit gains for the year with the dow not far behind interestingly were almost exactly at levels we were on this date a year ago in both the dow and the s p today were left with the conversation of the moment, is this a walmart, an nvidia market or a deere and a cisco market. And that focuses you on the two big arguments. Is the consumer Strong Enough to carry you through, or is Business Sentiment and Business Cycle deteriorating to a point where you have a problem all right, and we continue to look at yields around
A policy that on average would hold the inflation rate below 2 . That is not our policy. We want to see the inflation rate get back to 2 as rapidly as we can. But there are lags in the impact of Monetary Policy on the economy and if we waited until inflation was back to 2 and that would probably mean that unemployment had declined well below our estimates of the natural rate and only then did we start to begin to you know, the word tighten Monetary Policy i dont think is really right because we have an immensely accommodate testify Monetary Policy in place. So let me say just to begin to diminish the extraordinary degree of accommodation for Monetary Policy we would be overshoot we would likely overshoot substantially our 2 objective and we might be faced with then having to tighten policy in a way that could be disruptive to the real economy and i dont i dont think thats a desirable way to conduct policy. Gina, bloomberg news. You mentioned earlier that there is always going to be som