Only up a point. The 10year yield at 51 basis points. Jersey talking about a range of 40 and 80 for the next two months. Now that we have broken through 54, he says that was an important level. Ralph lauren, one of the stories of the day. That stock down 6. 25 . Argentina has reached an agreement in principle with a key group of creditors to restructure 65 billion worth of debt, after a third default this century, the ninth overall. Robert koenigsberger, cio of gramercy funds, who had a seat at the table, joins us now. Headlines crossing about half an hour ago saying there was an agreement in principle. Few to us about the last hours, couple of days, how it all materialized. Robert good afternoon and thank you for having me. April, itoke last in seemed like an agreement would be too difficult, that the two sides were too far apart and with hardened positions. Over the past couple of months, obviously, past couple of days, those positions became less hardened, and logic prevailed. Winwi
President making those comments as he looked to defend his new european travel ban, latest on that prowhite house with blake buhrmann standing out but first Kristina Partsinevelos on this historic day at new york stock exchange. For the wrong reason. Reporter right, i cant believe i have been here twice the markets have been halted. For 15 minutes, the second time this week because markets dropped 7 in first 5 minutes, we have note seen lows like note seen lows lik not seen lowe this since 1987 black market crash, all market in bear market, they have dropped 20 from recent high, a broad selloff, gold fell, oil sell, travel industry got hit hard, we know that president did announce they are banning ought flights m the eu. That weighed heavily on united, american, and delta, more than 21 . Then cruise lines as well, another industry really taking a beating mor norwegian and carni, they voluntarily said they would cancel their princess cruise ship for next 60 days, that hopefully we can b
The s p down 4 on the day. , 17 on amazing week the dow, 15 on the s p 500, 13 on the nasdaq, all major indices down about 30 from alltime highs. Scarlet sorry we interrupted. You were saying that it will depend on the number of infections and whether that curve bends or breaks . Vince one potential piece of good news, if we look at the country countries that were successful at containing the number of new cases, china and korea, the numbers have slowed to a trickle. In italy, the numbers are still wearable and the news out of italy is horrible. One of the things we do notice is that if you look at the Second Derivative of the number of new cases out of italy, the percentage increase is starting to decline. If we get to a point where the number of new cases in italy flattens and starts to decline, that could be an important Inflection Point for markets because it would be an indicator that some of the lockdowns and quarantines are working and it could create the sense that western econ
Escalating chrono virus emergency ascent stocks crashing to their worst losses in 30 years investors continued to bail out of the us europe asia and the middle east amid travel restrictions and business shutdowns that are bringing economies to a halt italys ramped up its lockdown closing bars restaurants and shops of france or away in ireland are among the latest countries to close schools and universities efforts to stop gatherings a word to severe restrictions on sporting events including an almost complete suspension of professional sports in north america including basketball baseball and hockey in Europe Champions League football has also been suspended so we begin our coverage with whats been another torrid day for Global Markets on wall street the Dow Jones Industrial average saying almost 10 percent its worst losses since the black monday crash of 1987 and london the. But see 100. 00 closed down almost 11 percent all european markets altogether dropped 12 percent and the gulf t
Future key figures at the white house of where the stocks will go i think there are the concern is there any life to the trump agenda, and there was a feeling growing in the marketplace that the republicans and the administration couldnt get a vote on what time of day it was, that nothing was work g working. And then when the idea that mr. Cohn might be leaving yesterday, that frightened the Market Reports of mr. Bannon being let go helped in two different ways. Number one, they think hes mildly disruptive, second darely this will reinforce cohn because he was an adversary of cohns. Weve gone a minute and a half into power lunch. I want to bring in michelle cabre cabrera caruso i wonder what this will do to try to get the narrative back of the kind of agenda he wants to put forth. Theres the bigger question about general dysfunction in the white house and specific issues when it comes to it. Even the wall street journal editorial page says steve bannon was a source of dysfunction. If y