The dow down 879. Combine with more than a thousand point loss of yesterday, it is drop of over 1900, this steepest two day drop of dow has seen in history. This is significant, also remember, dow less than 500 points from correction territory that is down about 10 from the highs, we saw a big flight to safety today, continued one, which is also a red flag, yield on 1 10year note a little bit higher than 1. 3 , also hitting record lows, now latest coronavirus numbers is what is spooking the market. In china more than 77,000 cases, in italy 322 in iran 95. And that spread outside that took investors off guard. This selling all on the back of more concerns that you could see the spread come to the United States today cdc warning it is not a matter of if, but when the virus hits the states, and how many people will contract a severe illness. You had hhs secretary weighing in on that. There is now Community Transmission in a number of countries including outside of asia. That is concerning
We lower on the douby just 6 points some individual stock moves on the final trading day of august to hit check out ulta beauty on track for the worst day ever down around 30 after missing on earnings, revenue, estimates for the fullyear guidance also coming in light blooming brands seeing a spike around 2 00 p. M. After Jana Partners to take a 9 stake in the company saying in a filing it believes shares are undervalued and intends to have discussions with the company about a possible sale. Nearly 8 pop there. Shares of lions gate falling on a report of comcast dropping starz. Comcast is parent of cnbc. Joining us for the entire hour, final hour of the final month of trading for final day of the month of august is mark tepper to these individual stock moves like an ulta, wilfred mentioned target up 25 , ulta down almost 30 . Why are these such severe reactions to earnings, these reratings of the stocks individual story or the Market Investors are concerned overall about just carrying r
Announcer its the the late show with Stephen Colbert tonight, stephen welcomes Jennifer Hudson, chris hayes and Christian Borle, featuring jon batiste and stay human. And, now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause band playing stephen whoo hello cheers and applause thank you whats going on . Jon hey stephen welcome jon good to see ya stephen lovely, lovely. Welcome to the late show. Im your host Stephen Colbert. Its lovely to be back from our easter break. You have a great time, jon . Jon great time. Stephen i missed these people. Jon i missed them, too, man. Stephen i love being with you people night after night. cheers and applause what did you do for easter . Jon i was in mexico. Stephen whats mexico and easter like . Jon its great. Really spicey. laughter stephen easters not over, though. Easter rolls on. Was it this morning . This morning at the white house, they held the annual easter egg roll. Its a tradition that go
Announcer its the the late show with Stephen Colbert tonight, stephen welcomes Jennifer Hudson, chris hayes and Christian Borle, featuring jon batiste and stay human. And, now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause band playing stephen whoo hello cheers and applause thank you whats going on . Jon hey stephen welcome jon good to see ya stephen lovely, lovely. Welcome to the late show. Im your host Stephen Colbert. Its lovely to be back from our easter break. You have a great time, jon . Jon great time. Stephen i missed these people. Jon i missed them, too, man. Stephen i love being with you people night after night. cheers and applause what did you do for easter . Jon i was in mexico. Stephen whats mexico and easter like . Jon its great. Really spicey. laughter stephen easters not over, though. Easter rolls on. Was it this morning . This morning at the white house, they held the annual easter egg roll. Its a tradition that go
Announcer its the the late show with Stephen Colbert tonight, stephen welcomes Jennifer Hudson, chris hayes and christian borle, featuring jon batiste and stay human. And, now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause band playing stephen whoo hello cheers and applause thank you whats going on . Stephen welcome jon good to see ya stephen lovely, lovely. Welcome to the late show. Im your host Stephen Colbert. Its lovely to be back from our easter break. You have a great time, jon . Jon great time. Stephen i missed these people. Jon i missed them, too, man. Stephen i love being with you people night after night. cheers and applause what did you do for easter . Jon i was in mexico. Stephen whats mexico and easter like . Jon its great. Really spicey. laughter stephen easters not over, though. Easter rolls on. Was it this morning . This morning at the white house, they held the annual easter egg roll. Its a tradition that goes back