The crisis in the middle east. Usually oil spikeses when that happens. Not today. Thats a great point. Options pit. Com founder Mark Sebastian in the, in the pits of. Ashley webster on floor of the New York Stock Exchange with the selloff. Ashley, what happened . Interesting, melissa, just to davids point. Tells you what kind of day it was when the dow finishes down 270 points. Hey, nice comeback. We were down 400 points several times throughout the session. We knew it was coming. We saw a big selloff in china. Weak Economic Data out of china. That spread to europe. We knew at opening bell today we would kick off the new year on adown note. We were off 300 points literally five minutes into the trading session. Weve been down there throughout the day. At last i would say five to ten minutes we saw some people perhaps jumping back in to to up bargainsselling was broad based across the board. Financials and tech stocks particularly hurting. I want to mention oil, something david mentione
Flee in colorado. Powerful flash floods cutoff several towns and washed out roads and swept away homes. What that person is doing right up there. I dont know if we have Flood Insurance and what we will do. Another blow to the new jersey shore. A monster Fire Destroys some 50 businesses. Wind gusts kept the fire going into the night. I feel like i want to throw up. Claiming responsibility for the explosion and the u. S. Counsellor in afghanistan. Secretary of state kerry is still working towards an agreement for the Syrian Regime to turn over chemical weapons. Expectations are high. This is not a game. Major historic announcement by nasa. Voyager 1 shot further into space than any other man made object. We made it the social Network Twitter is set to go public. Call facebook. The first man to cross the atlantic using a balloon abandoned his intent. All that. There is a fight over. Tackling the flee out of bounds. The the patriots survive. Letting loose on the field. It appears to be spo
Ever. Despite emergency measures taken by the Federal Reserve on sunday or perhaps even in lieu of them. Because of them. Today, the president also made this admission when asked if the economy is headed today toward a recession. He responded, quote, it may be. Fear gripping the markets. Also worries aboard a jtk flight this evening grounded on the tarmac as we learned the captain is believed to have the coronavirus. More on that as a moment. As washington works on a relief bill, the Coronavirus Task force issued new guidelines to combat the spread of the coronavirus. Among other actions, they ask everyone who can particularly Older Americans to stay home. Critically, they say to avoid gatherings and groups of more than ten, not the 50 recommended just yesterday but ten. Heeding the words of state and local officials is number one on the list of guidelines issued today. New jersey mobilized the National Guard today, instituting a curfew of 8 00 p. M. Pennsylvanias governor has ordered
Pandemic will not be over anytime soon. It could go until at least july or august, he said. We really dont know. Markets fell dramatically again today. The dow, its biggest oneday drop ever despite emergency measures taken by the Federal Reserve sunday. The president made this admission when asked if the economy is headed toward reinvestigation, he responded, quote, it may be. Also, worries aboard a jfk flight this evening grounded on the tarmac as we believe a passenger was believed to have come in contact with someone who had the virus. More on that in a moment. Issued new guidance today to combat the spread of the virus. Among other actions, they ask anyone who can, particularly older americans, to stay home. Critically, they say to avoid gatherings in groups of more than ten people. Not the 50 that were recommended just yesterday. Now, its ten. Heeding the words of state and local officials is actually number on on that list of guidelines issued today. Also, today, the new jersey t
Its thursday, april 5th. With signs on of uncertainty as President Trump heads into a trade war with china, the white house with insisted its just a bargaining chip. The president once again exaggerating the u. S. Trade deficit with china by 163 billion, despite numerous fact checks. The wall street journal reports that President Trump who initiated the tensions over chinese trade practices has put himself in position to face mounting pressure from lawmakers and navigating cumbersome new trade rules all of which was feeding tremendous volatility into the stock and commodities market. The Washington Post reports the president is finally expediting the policies that got him elected and is more comfortable without a number of aides around him who are tempering his instincts. And he cites poll number necessary recent weeks as a reason he should do it his own way. There is concern as chinas move to match americas 50 billion in tariffs goes after a key crop for u. S. Farmers. China purchases