How did the market worry when there is so much despair over the coronavirus. There is a seething anger sweeping this country and it is directed point blank at wall street this relentless rally seems unfair, it seems senseless and heartless. Thousands of people are dying. And Money Managers are cheering the most enthusiastic stock comeback in living memorial. Do you gaining another 559 points and s p climbs and nasdaq pulling almost 9 . How the heck is that even possible well why dont we start with peoples exhibit a against both me and the market here is a picture from last week when the wild rally had been cemented in the history books. The dows best week since 1938 then my head then breaking news more than 16 million americans have lost jobs in three weeks. 16 million full disclosure, i didnt order this curious juxtaposition to show you how i am. Most of you own stocks are not short sellers. Believe me there is no joy in stock film right now and i agree it is messed up. But the contra
Good thursday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt at post nine of the new york stock exchange. Morgan brennan with us from hq were going to continue to bring you nonstop market coverage from separate locations for a while as we reduce travel for employees as a precaution due to the spread of the virus. For the markets volatile this morning where we will start. Major averages deep in the red, had a circuit breaker. The president did institute the 30day travel ban for europe excluding the uk in an effort to curb the spread of the virus ali and brian both here on set thank you for coming in. Good to see you. Brian, what do we say . We know youve liked opportunities in this market do you still think theyre here . Its an honor to be here today on days like this, and when youre a strategist and portfolio manager, because we do both, we are defaulting to terms of i call it the three ps of investment management, perspective, poise and process okay the perspecti
Miller. How is everyone doing today. Are you having a good time at cpac. One thing im going to ask you to take out your cell phone. And do the following. Text 56479. And tax cpac. We got our events for 2020. Posted on the column outside and some of you are part of this important year. America versus socialism is our think this year and were going to present some programming here in a very interesting way i think is going to be of something to take home with you. Once you build back your communities and you are better very best to make a difference or america. The first person i want to bring out this my friend from the daily signal. Hes coming out right behind me and is the author of the work on history because conspiracy to rewrite americas past, hes also contributed to the daily signal call single in the cohost to the right side of history podcasts. The right side of history podcasts. Youre an expert in history and thats what we wanted to start this off this way. We think the left is
A, quote, cancer to the Republican Party. Question is, will we see action against her in the house . And a key day in the second impeachment of donald trump. Today is the deadline for his formal response to the charge against him. Question is, whats his defense . Its way too early for this. Good morning and welcome to way too early, the show that has some fond memories of bayside high. Weve really missed you, screech. Im kasie hunt on this tuesday, february 2nd. Well start with the news. Its looking more and more likely that democrats will push through the Biden Administrations nearly 2 trillion Economic Relief package with or without republicans. The president met with a group of Senate Republicans for about two hours in the oval Office Yesterday to pitch their much smaller 600 billion package. But the message from the white house is that it doesnt meet the moment. Senator Susan Collins said the meeting was very productive and cordial, but when it comes to striking a compromise, the s
No delays. Antioch to hercules, 22 minutes. Highway 4 to the maze, 20 minutes. Highway 85 to the san jose airport, i just missed the drive time. Ill have to come back and let you know what it is. It flew by too quickly. Moving to the mountains here in the south bay, northbound 17 before idylwild road. A threecar crash therend a solo car crash in the backup. One lane is blocked. This will be slow for anyone trying to get in towards san jose. Thanks. One of the main players in the u. S. iran crisis is in the bay area today. Secretary of state mike pompeo will be in San Francisco today and start his day speaking to students at stanford. Anser hassan has more. Good morning. The secretary of state has a busy day ahead of him. The first event will be at stanford. Its a policy discussion. The secretary tweet eed excitedo be in the golden state and looking forward to meeting with some of our nations leading academics and entrepreneurs. At 4 00 p. M. , secretary pompeo will be at the policy clu