Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was necessary, i would do it. Yes. Reporter whats your timeline on further travel restrictions, mr. President . Well, we are looking at different areas and we will make that decision
Also to those that are joining us this morning the director of the Kennedy Shriver National Institute of Human Development and the subcommittee on health and education services. Doctor fauci director of National Institute of allergy and Infectious Diseases. And then the director of the National Cancer institute and director of the National Institute on drug abuse. Again, welcome to all of you leader hoyer asked me this morning you have the nih coming he said can you get all the Institute Directors and he said he will this is one of the most remarkable hearings that we have and we thank you for the great work that we loan that you do and saving lives the people of the great country. Let me touch on the matter of the coronavirus i just want to say i thank you to the director and all the institute tends particular thank you to doctor fauci i want to say Public Health experts deserve our praise for what is the excellent work that you are doing and clearly a matter of National Importance an
Tweet me jimkraim he were worst day since the crash of 87, the dow at the lowest close in two years no s p plummeting 9. 8 , nasdaq 12. 32 , a truly sickening day with a horrendous last hour. Its finally dawning on people were in a real crisis here. Ive been telling you this pandemic could be real bad news for stocks, since i came back from the super bowl we were underestimating the coming outbreak send us into i want to say a recession, because i think that its pretty obvious that thats kind of where were going. People did underestimate the coming outbreak and as far as im concerned it really isnt one of the situations where we can just ride it out we have to think about it. We have to figure out what to do we have to work together, and ive got some ideas, theyre not simple ideas theyre ideas involving opportunity, theyre ideas involving what i regard as being lets just say some things that happen that are good when the market goes down, but were not ready yet. First, lets talk about
The subcommittee will come to order. Good morning. Welcome back to the appropriations subcommittee also to those that are joining us this morning the director of the Kennedy Shriver National Institute of Human Development and the subcommittee on health and education services. Doctor fauci director of National Institute of allergy and Infectious Diseases. And then the director of the National Cancer institute and director of the National Institute on drug abuse. Again, welcome to all of you leader hoyer asked me this morning you have the nih coming he said can you get all the Institute Directors and he said he will this is one of the most remarkable hearings that we have and we thank you for the great work that we loan that you do and saving lives the people of the great country. Let me touch on the matter of the coronavirus i just want to say i thank you to the director and all the institute tends particular thank you to doctor fauci i want to say Public Health experts deserve our prai
Spending in france and switzerland neglect any of if january and twos, threes and fiveyears are measured in basis points the dow plummeting 3200 points in the week the worse since the crisis yesterday experienced the biggest oneday point drop ever, 1,109 points as we approach the end of the red february for stocks the dow is the weakest of the three major indices, down almost 9 monthtodate. Goldman again this morning, jim is saying they dont think this is over and that buying the dip is in their words riskier this time theres no doubt about it s theres a part of of the s p and its good to look at individual stocks here that are not buyable and if anything its involved with travel and leisure, autos, housing, because house something sl housing is slowing down and i dont thinkfed cut rates it would matter we do need to talk about something at the cooperman, and ive always talked about which is the algos are in charge i noticed this morning at 3 00, what am i doing up at 3 00 the bond Int