Sports world coming to a halt while the happiest place on earth closes its gate. 2020 race impacted by coronavirus as well, Campaign Events canceled. Debates with no inhouse audiences, mornings with maria live right now. Maria we want to check overseas marks right now, take a look, mixed story over in europe. Ftse 100 now turned negative, down 421 points, 7 lower on financial times. Cac request rant is up 150 and dax index in germany up 307 points. 3 apiece. We are looking at those losses extend this morning in the uk. In asia overnight it was red across the board certainly in the heels of wall street but markets in asia actually closed off the lows of the session, worst performer was japan, down better than 6 followed by korea. South korea banning short selling for now 6 months, lets check Interest Rates, the yield on the 10year treasury moving up. The yield is up now 10 basis points at level of. 896 on the 10year, Oil Prices Rising this morning after 2 days of decline as the price wa
Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo
Steve leishman alongside us helping us make sense of everything going on what the fed is thinking about all of this. The worst week for stocks since the financial crisis the vix surging, bond yields falling the even new lows. Stephanie link, a minute ago the nasdaq was positive. It went from positive to down 1. 5 in about ten minutes, if that. I know. What does that tell you about sort of where we are is that how a bottoming process happens . Doong we are close i hope so i think people are very confused obviously. Right . It is not surprising that the market went down because of this, because the virus has gotten so expanded the surprise has been the speed of the decline to lose 6 trillion in Market Company in six days, thats remarkable i dont know when we are going to bottom. But i am looking at an rsi on the s p at 20. And vix, jon you can talk more about that but a vix at 47, to me it seems a bit extreme. Then i look at what happened in the shanghai index it fell 14 the beginning of
Military doesnt get its main war zones in afghanistan pakistan iraq and syria as named operations the longest war so far in afghanistan and pakistan has had 2 names Operation Enduring freedom designated the 1st phase of war in afghanistan from october 2001 it was designated operation freedoms sentinel on the 1st of january 2015 the war in iraq was designated Operation Iraqi freedom from march 2003 to 31st of august 2010 when it became operation new dawn when the u. S. Began to fight in syria and iraq the war was designated Operation Inherent resolve for ease of understanding the costs are not labeled here by the designation but by major wars and so they keep on changing the name of the war right well we know from sociologists and consumer scientists and marketeer that the most psychoactive word in the human some conscious and conscious mind to get them interested in buying something is new. New and improved right those 2 words trigger a response like oh i might buy something thats new
Med, which helped lift the mood. Well have more on that in a moment. Anl streets view of the u. S. china trade negotiations, which seem to changeil they were optimistic today. It all contributed to a continuaon of the latest rally that began in early october. The dow was up another 190 points, nasdaq was up 112. S p added3. Mike santoli takes a closer looe ater the new highs can hold. Wall streets record rally t slowed in rec weeks but not yet stopped. The broad s p 500 drifted to a fresh alltime high monday, it up only a fraction of a percent over the past ten days. Now with th i ahead by nearly 25 for the year, the question turns to wheer the rally has already priced in most good news on th economy and trade or whether the market is really pausing ahead of a typicalun homestretch higherhrough december. The key drivers for the markets recovery since august remain in placsi raant rec fears in late summer now appear unfounded. Mobile growth is showing signs of picking it. The Federal Re