European central bank announced a 750000000000. 00 euro package to mitigate the Economic Impact of the coronavirus meanwhile oil rebounded more than 20 percent after reaching the lowest level in 18 years this was the best day on record for oil there of course huge year to date losses still here there is so much to get the lets bring in who must cohost christiane who joins us from Los Angeles Christy what is happening in markets today. Well brant the 1st sentiment every morning still seems to be to sell everything although this morning was the 1st time in a week that there was no overnight limit up or down trying to hold in the s. And p. Futures perhaps it is the case that systematic funds now have little left to sell nearly 2600 of the 3100 n. Y. S. E. Names are currently on the short sell restricted list and were now approaching quad witching friday tomorrow which has historically resulted in increased volatility so the question is what did that people sell into well at the center of
Quarantines and social. Now becoming the norm streaming sites like netflix have seen their viewership skyrocket but could this traffic pose a problem amid efforts to combat cope with 19 we have a jam packed show today so lets go and dive right in. And markets throughout the west have bounced back lightly after taking a drubbing this week in the u. S. President donald trump is continuing to say hes working to stabilize the economy but working with congress to provide major additional relief to the workers Small Businesses and the hardest hit industries we want to make sure that everybody is able to continue on so that when we recover all of these companies and these. Great business is very very small and very very large its not going to be broken up and you have to put it back together that would take a long time and in europe most indices closed up around 3 percent after the europeans. Announced a 750000000000 euro package to mitigate the Economic Impact of the coronavirus meanwhile oi
European central bank announced a 750000000000. 00 euro package to mitigate the Economic Impact of the coronavirus meanwhile oil rebounded more than 20 percent after reaching the lowest level in 18 years this was the best day on record for oil there of course huge year to date losses still here there is so much to get the lets bring in who must cohost christiane who joins us from Los Angeles Christy what is happening in markets today. Well brant the 1st sentiment every morning still seems to be to sell everything although this morning was the 1st time in a week that there was no overnight limit up or down trying to hold in the s. And p. Futures perhaps it is the case that systematic funds now have little left to sell nearly 2600 of the 3100 and why ac. Names are currently on the short sell restricted list and were now approaching quad witching friday tomorrow which has historically resulted in increased volatility so the question is what did that people sell into well at the center of
Dow decline. Massive market selloff is where we begin this morning. Kevin koran and keith lewis join us now on todays down swing keith, the pullback were seeing right now, start of a larger correction how are you position organize how would you be suggesting investors position given the steep moves weve seen today first, good morning well, from our perspective, back in late january, we downgraded our nearterm Equity Outlook to neutral, and part of this happened before the coronavirus. Already we had stocks at a cycle high, the sentiment that was stretched and weve gone over six months without a normal correction you lay on the coronavirus, which provides for uncertainty, and we think the risk reward near term remains mixed. From our perspective, that means maybe bringing equity allocat n allocations that have run up a little bit back to target. Some of our more tactical portfolios last year we added a little bit of gold longer term, the bull market trend is intact, but when you shut do
Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. Why dont we tell the truth . A little too premature, they all presume it will be solved within a