Restrictions despite an increasing number of cases. And a deal in israel as Prime Minister Benjamin Netanyahu takes the lead in a unity government to end a long running from the tickle crisis. The worlds 3rd largest economy has slipped into recession japan has been hit hard by the coronavirus pandemic its economy shrank for the 2nd consecutive quarter by just under one percent in the 1st 3 months of this year but im as he had announced a massive Relief Program last month to keep the economy on track japan has recorded more than 16000 cases of the virus and close to 750 deaths michael pan is the president of the shin gets a news agency hes joining us from tokyo as always thank you very much for joining us on the aljazeera 8 its not just the pandemic is it though thats been causing these problems there was a lot leading up to this situation wasnt there. You know unfortunately we seem to have a few audio problems with michael there we will try and get him back later in the program but in
Weekly point loss ever this is a week of never befores and not since. Industrials falling nearly 4,000 points on the week this will also be the worst week, worst month, worst start to the year since the crisis in 08 and 09. Not since more than a decade ago have we had such a rough beginning. Then theres this. Rough lewly 95 is in correctio territory. Down 10 and nearly half of o the s p 500 is in a bear market situation off 20 . Kelly. Very good thank you. Welcome to power lunch, everyone our Team Coverage of this market sell off rolls on as the coronavirus fear and impact spread bob pisani is tracking the volatility today Rick Santelli is watching rates and bonds move lower, hes at the cme. Meg has the latest on the outbreak for us. Eamon javers is in d. C. With the administrations response and Steve Liesman is focusing on the feds next move. We begin with bob pisani were lookinging for signs of some kind of bottom, but its hard to come by. I want to show you the dow jonesville last t
Of the retail trader, the little guy, could be causing more volatility in the market and talk about getting real. One top angel says the beaten down resale retailer, the real real, could be about to make a comeback. Hell be here to explain why hes so bullish. Power lunch starts right now stocks are selling off. Right now, the dow down b about 300 points nasdaq down nearly 2 . Major indices on track for their worst week in february take a look at gold. Lots of eyeballs on this one today. The precious metal is on a wild ride up 8 already this year and near ly 2 today. 16. 49. The defensive tone is evident in todays market. Those momentum names that trade is is unwind names like b facebook and amazon down around 2 the Semiconductor Stocks are also getting hurt today. New lows for a basket of Energy Stocks including exxon, marathon oil and noble energy a political unrest in libya easing there afore oil is given back some gains, plus energy estimates for the First Quarter continue to fall w
Policies. At 9 00, a discussion on the 75th anniversary of the battle with edward and i and owen connor. National museum of the marine corps senior curator. Host good morning. A three hour washington journal is ahead and we will talk about the state of u. S. Manufacturing and take you to the National Museum of the marine corps for the second stop of our museum tour. We begin the question about who should get credit for the state of the u. S. Economy. The current and previous occupants of the oval office claimed credit for the robust u. S. Economy. This morning, we put the question to you. Republicans, the phone number is 2027488001. Democrats, 2027488000. Independents, 2027488002. On can also catch up with us text message. That number, 2027488003. If you send a text, please include your name and where you are from. Otherwise on twitter it is cspanwj and on facebook it is facebook. Com cspan. A very good tuesday morning. You can start calling in now. We take you to the headline in usa t
Dow and about 11 higher than the nasdaq. Lets check in with our reporters. I would like to take a look at one area of underperformance, china tech. Down 2 , lower on the open. But, around the time of the scoop and those headlines, the fact that tariffs will still be in place after the president ial election. Netnet, the worst day since september. Even to the untrained eye, this is somewhat absurd. Unlike u. S. Stocks, not going higher. There was a period of time when these were above the 200 day moving average. Over the last few months, gaining well more than 25 . A very overextended situation. Sometimes, these things go further than you think. There is good reason to think that we will see a reconnection at some point back down to the 200 day moving average. One group that sort of weathered this mini selloff was transportation stocks. Dow jones transportation average gained about 1 . It broke out to the highest level since october. Delta airlines gain a than 3 . Earnings came in well