Casino, those are the biggest gainers today. But fears over the virus remain as cases in the u. S. , italy and around the world move higher though the president says he would love to have to country open by easter we are up 1700 points on the dow. Nice for a change. We have a huge lineup of guests coming up. The ceo of cvs health will tell us about the companys hiring spree and Virus Testing plans. Campbells ceo will join us to talk about the supply chain and well discuss the administrations actions thus far with mark short, chief of start to the Vice President. Lets focus in on two of the big stories, kayla has the latest. But first, mike is tracking todays market rally mike, over to you. By the looks of it, its a sturdy rally well scrutinize to see if theres more than anything but a bounce it tells you a couple of things. One is a strong bounce is it doesnt look that dramatic next to the decline on just experience really just a step in that direction of trying to make some distance b
Many expect to more in the first half of the year. Time now for global exchange. We are going to bring your todays market moving news from all around the world. From hong kong to new york to washington, or bloomberg voices are on the ground with this mornings top stories. Coronavirus cases around the world are over 93,000. Joining me now is yvonne man, and with some data to go with it that is not so supportive. Yvonne right. South korea now topping 5600 cases. The government there now seeking 9. 1 billion to help businesses. We have seen surging cases in italy and iran. Rate for this is now at 3. 4 . We also saw in the u. S. , reporting its ninth death, and china, more signs of containment. We saw the number of total cases have topped 80,000. We also learned of 15,000 that dischargedred and from the hospital. China come of the total death toll now at 2981. We saw car sales out of Mainland China falling a record 80 as this virus keeps shoppers away, and you see more pressure added to th
Coronavirus induced volatility plus quarterback buoyed by a string of super tuesday victories for the former Vice President. Is the contender for the democratic valuation former investor jeff ubben, never seen anything like this and says why it makes Value Investing impossible the fed announced a 0. 5 rate cut. Stocks looking to recoup most of yesterdays losses which includes a drop in the dow of 785 points jim, once that tenyear broke 1 , wow. Could you not take your eyes off of this price action look, i think that i was struck by the rate cuts. I didnt like jay powell you cant say listen, the fundamentalless as are sound bue need a gigantic rate cut that means the fundamentals arent sound i didnt know we were that bad off. People either way we are bad off or powell knows something and to see that you get a Biden Victory and maybe things bounce back a little is encouraging and mostly because its just about the tenyear the tenyear drops to 9. 8, then everything you see on your screen t
Its ceo Michael Wirth will join us exclusively this hour tesla shares set to hit a new record at the open as the electric carmaker delivers its first china made model 3 to customers. 24 hours ago looked like the selloff might continue on monday and reaction to those middle east tensions but stocks did erase earlier losses to finish yesterday in the green. Major indices saw their third positive session we watch gold, jim, are we betting this is short in duration and limited in scope . You used to work for zilian i keep thinking about that word over and over again thats the word that define this is market. Because yesterday when we were down very bad, ugly down 200 dow points, the dow is down that much, it did look like the beginning of something big, and you know what you saw . Shorts pressing, thinking this is it, this is the big one it wasnt the big one and i almost feel like that unless something happens thats completely out of left field, if you read what iran wants to target, peopl
Season jpmorgan crushes estimates, citi and wells are mixed ahead of the open. Plus sustainability is becoming the new standard, blackrock ceo saying the Climate Crisis is about to trigger fundamental reshaping of finance. And the tesla rally rolls on shares now up more than 100 in the past three months alone. Well start with bank earning, jpm, chase, citi, each posting better than expected results. Wells fargo shares moving lower on its miss. New ceo charlie sharp our cost structure is too high and i believe there are many areas where we will be able to increase our rate of growth. Efficiency really the story on wells, jim well, i got to tell you, im a total believer in Charlie Scharf and what he did at visa hes the most technologically inclined ceo in the bank group it has the most opportunity after this washout it is a washout. I dont think charlie will waste any more time. He has to address these things and he will. In the meantime, jamie diamond, what can i say about jpmorgan . It