He will meet with the ceo of 3m once he arrives there. That Company Makes in part surgical masks suddenly becoming popular. The Vice President reminded not like you need to run to the pharmacies to stock up to get these things. Rather, it is the care providers who need the products that 3m produces. Listen. It is very important to say that our medical experts made it clear, the American People dont need to buy masks but we want to make sure that people that are caring for the American Public have the proper protective gear, masks and gloves and goggles, to be able to be safe as they administer their care. Reporter thats part of the reason why he is heading to 3m at any moment now. After that the Vice President will head to washington where he will meet with the democratic governor of that state and washingtons Emergency Operations center. As you know 10 people in washington have died due to the coronavirus. The Vice President said he had no concerns at all about traveling to one of the
Points. We thought it would be a huge bounceback day, it might be, you never know but another point as the intraday of the dow we actually went negative. Were back up 120. Up and down we go. Deirdre bolton trying to keep track of it all. Joins us from the new york stock exchange. Like im on a ham sister wheel, connell. We had 950 point gain. When Vp Mike Pence said essentially every american will be covered for coronavirus testing. You saw, that, that is where viewers can see a little bit after green, kind of blip up on the dow. Were still nowhere near where we were at the highs of the session. Let me tell you what is moving markets at least by group. The groups that are supporting whatever rallies you are seeing. You have info tech. You have Financial Companies and industrials. Now on the other side with really weighing on the market, utilities, Consumer Staples and energy which is a little bit interesting, because out of the gate this morning, connell, energy, they were the superstar
President bleiman all right. Thank you. The first order of business is general Public Comment. This is comment on any item that is not on our regular agenda tonight. Seeing none, general Public Comment is closed. [gavel]. President bleiman next agenda item is number two, which is approval of our minutes for the february 18, 2020 meeting, and ill ask if we have a motion for the approval of the minutes from the february 8, 2020 meeting. I move to approve. Second. President bleiman is there any Public Comment on our minutes . Seeing none, Public Comment is closed. [gavel] [roll call] president bleiman all right. The minutes have been approved. Next item on the agenda is a report from our director, commissioner weiland . Director weiland thank you, president bleiman. From friday to monday and this past weekend, the two of us with ben van houghton, we attended the president ial cities annual social city conference. We were with folks that do similar work as us from across the United States
Into correction. Meaning theyre more than 10 down from the highs. Selling has been hard, fast and really until late today a bit indiscriminate hard to believe that just last wednesday we were talking on this very show about alltime highs. Since then, the Broader Market down 13 18 s p 500 stocks lost more than 20 this week. All told, the s p 500 wiped out nearly four trillion dlarps in market value over the past ten sessions thats the budget of the United States of america. So, guy adami heading to the weekend, im pulling a fast one on you fast money one on you you. Fire away. The big violent move up into the day you know the chatter im not saying anything out of school maybe the fed steps in over the weekend and does something do you think we see something from jay powell and company this weekend your buddies. A consolidated Global Central Bank thing which the answer is yes why they think that will be effective in this is jond my scope. Im not an economist its more madness on top of th
Any minute now Vice President mike pence is holding a Coronavirus Task force meeting at the white house. As number of confirmed cases continues to rise across the globe. With at least 73cases right here 738 cases here in the u. S. Well bring you any headlines from the meeting this hour. Fox Business Team coverage. Blake burman live at the white house. Deirdre bolton is on the floor of the new york stock exchange. Phil flynn is watching the action in oil at the cme. Edward lawrence is on capitol hill. Deirdre, well kick it off with you. 1100 points on the dow is worth something. What a crazy volatile day. We closed at highs of the session which always makes people feel good especially in light of what happened yesterday. This idea President Trump is considering or launched the idea in a meeting this afternoon of zero payroll tax cut for the rest of this year. Certainly giving us a added boost to the markets if you like. As far as the groups that really supported the markets the most, yo