Last weeks big rally with saudi arabia and russia feud over cuts the oil market taking a hit today. We do have full Team Coverage of these markets for you. Bob and rick covering the action in stocks and bonds. Steve on the latest economic fall out from the virus. Bob, well kick it off with you and this rally that just keeps building it started early on we got right up great overseas numbers. When Governor Cuomo started talking a couple of hours ago, we moved up on his comments on hopes for plateau. The market took it positively. I want to point out that we are, i call it markets in the middle. Were now 20 off of the lows from the february 19th high, were now down 22 remember at one time we were down 35 a bull market to bear market to i dont know how to characterize characterizeize this morning were 20 off the lows the most beaten up are rallying the most retailers they are a big today wayfair up best day since march 26th for the banks. Here are some of the regional banks. Sta stap stap
Well china for instance reporting an increase of cases and u. S. Officials warning this week will be the toughest yet as hospitals struggle to maintain and eck up and down their capacity. Coming up on todays show, blackstone is donating millions of dollars to support Health Care Workers and First Responders in new york well speak to the ceo about that and his thoughts on this volatile market. Plus, well be joined by the ed of the transports union. 59 minutes left of trade. Lets focus on the big stories we are watching nowful meg with the latest on treatments for the virus. Peter from canter fitzgerald is here with us to talk b about the volatility in the oil market in particular, but first, mike, want to get your take on todays rally and where this puts us a pretty crisp rally, cant argue with that. Where it takes us is one of the most interesting things. A oneyear chart, 26. 30ish on the s p 500. Its exactly where we closed on march 30th so you remember that was that big three day ral
Today the Circuit Breakers were down 7 . A day where oil had its first decline, down 31 . The treasury went below. 15 a record low which tells you the bond market is terrified its also a day where you probably lost a lot of money its probably what happened to you. Thats because, of course, the dow plummeted 2014 points. Its worst point drop ever. The s p plunged 6. 7. Nasdaq 2. 159 now the dow was at 2. 14. It lost that much. Okay it happened. What the heck got us here . Where do we go next . First todays sellers fear we are going into a coronavirus induced recession and theyre trying to get out of other people who want to sell. Just trying to get aahead of them that may sound fanciful that we had six cases in this country and 22 deaths. In the end, it seems like a super food than the playing. As the president tweeted earlier, 37,000 americans died from the flu last year yet nothing is shut down life and the economy go on, end quote. But the marks were not reassured, not the bond marke
Little robot. When i was your age i read about very but i think what they were the coolest thing ever ok then you can have the thing that really rather. Angela you know but when i when im older i want to work with robots i want to build robots. Are you going to let me read it yet. Whenever i go there so im a. Little bit and might not like it i think. You really. Just really just let it. Go yes and then if going right back to whatever the man in the buggy. Was 19 at the time in my 2nd year you know best today and i saw in my classes and i see tauriel said there were very few shows like. Lets take you straight to the white house President Trump bespeaking is just raising his advisers to the visor response to the coronavirus threat lets listen and were going to take care of that have been taken care of the American Public and the American Economy we are going. Going to be asking tomorrow where seeing the senate to be meeting with House Republicans which mcconnell everybody and discussing
247 news the. International from the team myself you know neal hello and a warm welcome to the program tensions continue to rise on the border between greece turkey where a buildup of migrants is being described. As a threat to its National Security turkey opened its border with the e. U. On saturday meeting tens of thousands to head their point extra soldiers going to increase the deterrent violent clashes between police unlikely. 7 i. Always go to the group voted tory who rose to the. Un in my mind this is me go way over and during one country. Now lets get into the detail of this turkeys decision is linked to the increase of its military presence in syria on its southern border it violates a deal reached with the e. U. In 2016 on which unkrich took charge of millions of Asylum Seekers in return for Financial Aid to turkey accused europe of not fulfilling its promises it also say said come off cope with the amount of people fleeing syrias war. It has already blocked more than 10000.