Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was necessary, i would do it. Yes. Reporter whats your timeline on further travel restrictions, mr. President . Well, we are looking at different areas and we will make that decision
Correction territory, the dow has to be down at least 361 points. We are down 766. The nasdaq has to be down 145. We are already down on the nasdaq at this moment by significant 276. And the s p has to lose a minimum of 68 points. S p right now down 87. Goldman sachs now believes that American Companies will see zero Earnings Growth this year if the coronavirus becomes more widespread than it already is. Backing up goldmans call, a slew of companies revealing new warnings about how the deadly outbreak could hurt their businesses. Countdown bringing out all the big guns for this final hour of trade. The head of the Worlds Largest derivatives and futures Trading Platform is here. Cme Group Chairman and ceo terry duffy on managing risk and how he plans to keep his exchanges running if coronavirus balloons in chicago. And Guggenheim Partners cofounder and global cio scott minerd here live. The best places to hide your money if the virus gains the power to trigger an earnings or Even Econom
Company. So that got us thinking. Will any of this years ipos be around in a century from now if so, which one should you buy . All that and more ahead. First, we begin with the countdown, the one that matters most to you and your money, december 15th. Less than a week away. That is when the next rounding round of tariffs go into effect markets seem a bit skittish on the news will the race to new records resu resume, deal or no deal, which is a different show. You sound a little hoarse, are you okay im fine. Spent some time on the airplane lately. A little hoarse i worry about you why are you glaring at me . Im not glaring this is how i smile. You look great. I really mean that. Im in the further downside camp i think that President Trump will pull the trigger on saturday night at midnight and hes going to go forth i think in his mind obviously i dont know anything, but in his mind hes got a lot of room in the equity market he sees the data out of china which has been miserable hes the
Brexit break through . Reports that the European Union and british negotiators are closing in on a draft deal with 16 days until the brexit deadline boosting sentiment. A trio of dow stocks out with the report card. United health, nations Largest Health insure. Neil raised profit outlook for 2019. Were looking at biggest jump in threeyears. Unitedhealth is benefiting from Medicare Advantage memberships. We talk about jpmorgan chase. That is the nations biggest bank. Solid results at both Investment Banking and consumer division. Jpmorgan said customers increased both their deposits and their loan activity in the quarter. Finally here, third dow stock, johnson johnson. Said the consumer was also strong, buying more bandaids, neutral tylenol. Despite wave of litigation with its talcum powder and the opioid epidemic. Warms fargo, earning fell. Aggressive brook tests at the bank, setting up fake accounts, dinged the reputation, at that theyre suffering legal bills from. Goldman sachs steep
Raytheon, chevron and phillips chemical putting pen to paper just a few moments after that meeting with the emir, inking deals with qatari businesses, but do those deals negate the harsh truth that qatar is one of the few countries that will not cut its diplomatic ties with iran . We are about to get an answer to that in just a moment. While the president strikes deals with qatar, china trade talks lurching forward, kind of in fits and starts, but some u. S. Companies are still terrified that tariffs could derail profits. Jeff flock is live in milwaukee with that company on your screen, one company desperate for an exemption to keep the trains running. Theres a new billionaire running for president on the democratic side. Tom steyer, best known for his Environmental Activism and also this push to impeach President Trump, but will voters buy into a billionaire who says hes running against corporate greed . How did he become a billionaire . A former adviser to president obama and former