Street ceos are heading there this afternoon to discuss solutions in the next hours, as investors await some relief. Kelly . All right, tyler, thank you very much. We are all over this major moment for the markets today meg terrell has all the latest numbers on the coronavirus, which is now being called a pandemic bob pisani is watching another thousandplus point drop for the dow. Rick santelli is out in chicago watching the bond markets. Eamon javers is at the white house where a lack of details on the stimulus plan is adding to this selloff. We begin with bob at the New York Stock Exchange. Robert in the absence of nif positive news out there, the markets keep drifting lower. Heres the dow we had a little mini rally going here, not dramatic, but a mini rally. And around 12 30 right here, we had the word from w. H. O declaring it a pandemic here i think that took a little bit of steam out of the market as you can see, were sitting near the lows for the day. Whats moving . Three things
Dan ives warns its a pr disaster. But our analyst calls it a super fun summer friday. He sees 30 upside from here. He joins us to make his case. One big name investors own, our guest is not following this, and says you shouldnt either. A special three bails and a buy is coming your way. But first, lets start with the markets. We kind of have a turn around. Its been a momentum shift. It hasnt been dramatic, but we are maybe near the highs of the session. So that point, i want to give you an ideawhere the range is. The dow is up 23 points, just about flat on the session. It may not seem like a lot. The s p 500 down six points or 0. 2 of 1 at 4363. But here is the thing. At the lows of the session, we were down 35 points. We were up two at the highs. So were a little bit more towards that upper end of the trading range so far today. Trying at least to recover a little bit from the steeper losses we saw yesterday in the s p and nasdaq. The nasdaq composite speaking of 13,262, down 53 point
Emerging says one analyst and its not too late to get in on the action he is here with the trade and the upside of this industry. Now a check on the markets the major averages are rebounding, but the chart of the day right now once again goes to new York Community bank corps. Believe it or not. Down more than 40 so far on reports thousand that the bank is seeking a major Capital Infusion from outside. And thats where we are going to start with these green markets, a very deep red picture, and leslie picker has the details on nycb so it appears to be that this would be an Equity Capital raise, and that they reached out to a variety of investment firms. My understanding in talking with a couple of indirect sources over the last few minutes or so is that this is likely a lot of these conversations are more in the private realm opposed to public investors and that they have been going on for quite sometime, because one of my Big Questions was, why is this coming out on a wednesday typicall
Lets start with todays market as you heard scott say, were heading to session lows. Dom . Just about session lows. Its been a generally positive day, kelly, to your point. But at the highs of the session, just to give you an idea of the context today, the s p 500, which is currently up seven points right now, was up roughly 42 points at the high, and up roughly two points tat lows of the session. Again, 4224 is the last trade there. Keep an eye on 4236. We mentioned this socalled 200day moving average or longer term trend line for the markets on a rolling basis, thats something traders are watching. The dow industrials up about one quarter of 1 , 32,029. The nasdaq up to 13,040. So losing some steam in this midday part of the session. One part thats been gaining steam throughout the course of the last weeks is bitcoin. If you look at this chart, over the last year or so, we have now topped 33,000. At one point today, depending on which metric or exchange you looked at on bitcoin, we we
Season. Can the results wipe out all the negatives that seem to be hanging over the markets. The answer today seems to be yes. Lululemon shares jumping on news that the stock would be added to the s p 500 taking the place of activision blizzard. A lot of action in bitcoin. Around 28,000 right now. 4. 5 pop. Hopes are rising not just for the approval of one but perhaps for several spot bitcoin etfs. And lets get right to this big market gain and what is driving the marketsby zansan bi. And what is important for most of the day, yields have been higher. It is not affecting stock prices. This is a very encouraging trend. Weve been waiting for this for a long time. The s p 500 believe it or not, were in a bit of an up trend. I dont want to make too much of it, but were at the top end of the recent one month trading range that weve seen. So the 50 Day Moving Average is 5402. Dow strong as well. Weve had strength with united health, mnike. Vee st a strong as well. And there is great strength