It was the biggest single day drop since september 3rd. The index fell more than 950 points at one point. Worries about the economy rose after the daily tally of new intexass in the u. S. Climbed over the weekend to about 83,000. The techheavy nasdaq fell at well. People in the markets said investors sold on fears that the surge in new cases would derail efforts to get the economy moving again. Investors are turning cautious as lawmakers in congress remain far from a deal on additional stimulus measures. Staying in the u. S. , the Republicancontrolled Senate is set to confirm Amy Coney Barretts appointment to the countrys top court. The 48yearold will bed Third Supreme Court Justice Toews chosen by President Donald Trump. She will succeed Ruth Bager Ginsburg who passed away last month. Her lifetime appointment samcems a 63 majority on the bench. Divisive issues such as abortion, gun control and health care. Trump, trailing in polls, made barretts nomination part of his pitch to voters
And his hope to send satellites to space from anywhere in the world. He gets a little support from another billionaire. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening from wherever you may be watching. Starting a tradeling week on a tuesday. It is a busy day this will be a big story your mystery stock right now up 20 premarket. A marylandbased biotech company. Nod moderna. Announcing they are already beginning work on trials for a possible vaccine well give you the name and news in one moment. Let us start now on a macro level. There is a lot of green on the screen state side on this tuesday. Dow futures, do you have your coffee yet 530 points thats right the dow already has some mow penti momentum coming off the swing on april 9. Also back to business in lore manhattan on the floor of the Stock Exchange a lot of restrictions but there will be women and men working on the corner of wall and broad this morning also watching oil. It is up more
Welcome everybody. Our breaking News Coverage of the market continues now welcome once again to my kitchen. Big rally to end the week on wall street. The dow up about 400 points right now on reports that coronavirus patients are responding positively to a gilead drug. Its tale of two dow stocks today. Boeing surging as it gets ready to resume airplane production in Washington State apple is sinking as Goldman Sachs says the stock could fall as much as 20 on lesser iphone sales. Crude getting crushed. Just how low can oil go . What happened with all those production cuts. Kelly. Welcome. Over to you. Thanks so much. We have full Team Coverage we have a rally, kelly. Its getting harder to push it forward. Were now pushing up against the 50day moving average for the s p 500. Sectors that are most beaten up this week are doing well we highlighted this all day. Finally small caps out performing banks out performing home builders, industrials oil down as much today even the energy stock is r
A. Rival sphere and chrysler and persia will to margins the worlds 4th biggest carmaker leaving unions worried about job losses. Their warm welcome to the program indias top court house possible hearings on a new citizenship law thats provoked protest and violence nationwide the judges decision brought more demonstrations in new delhi they want more details about the legislation from the government before considering a petition the wont happen until january well the law makes it easier for people from afghanistan bangladesh and pakistan to gain citizenship but it excludes muslims critics say thats like discrimination by a government they accuse of driving a hindu nationalists agenda while 4 people have been killed in demonstrations since the law was introduced but Prime Minister Narendra Modi is refusing to back down will surprise sharma is executive editor of School Daughter in an independent news website she joins us on skype from mumbai supriya very warm welcome to the program the g
Have the citizenship Amendment Act thrown out as illegal but the court came back with basically a stay saying that the government now has to present to the Supreme Court a set of rules how this act was going to be implemented and who it would affect they want those rules within the 1st few weeks of january so that they can then invite both the government and petitioners who object to the c. A. A. To present their cases for and against the argument to get the act thrown out and made illegal that is basically what we are waiting for in terms of the new year as far as whats happening across india it still remains tense there are various protests planned we are expecting a large one in mumbai on thursday also later in the week another one is planned for delhi over at the historic red fort but if you just take a look at one of the National Newspaper the time of india fresh classes in delhi of course on tuesday we saw clashes in a district in the northeast of the capital werent expecting it