I think theyre all feeling like friday these days. Welcome to fbn a. M. Im lauren simonetti. Cheryl yeah, lauren, hey, good morning to you. It has been a volatile week, a crazy week for investors. Governing, everyone, govern,d morning, everyone, im cheryl casone. It could be limit up today in the futures market, the sips close to that level, 2534 is the level. Watch for that number. All the averages are down for the week but right now the dow is up 824 points in the session, s p up 104 and change, nasdaq is up 355 points. Lauren i will take it. Lets take a look at commodities this morning. Oil prices, 26. 78 a barrel, a gain of 6. 2 . Gold up 2 at 1508 an ounce. Cheryl we have seen historic moves in the 10 year treasury, in the bond market in general. Take a look at this. We are down 11 basis points, the yield is 1. 048 . Thats actually a good thing for a lot of Bond Investors out there. Lauren major bounceback in asia, if you take a look at the kospi, sold off yesterday, up 7 andahalf
Coming up on our program at this hour, the olympic flame lands in japan. This as bouts over the summer games grow doubts over the summer games grow. A number of athletes a and officials have called on the event to be postponed because of the pandemic. Those are our top stories this hour at france 24. Thank you for watching. We start here in france where its the fourth day of a National Lockdown and this morning Emmanuel Macron isis holding a meeting to discuss further measures to combat the spread of covid19. The country, which has reported 11,000 cases of the disease, is poised to follow itataly in extetending its confinement perd from t two to four weeks. Lets listen to macron speaking earlierr from the interior inistry. Werere at very start of thi crisis. Weve taken exceptional measures to counter this first wave. Its a race against time to fight the virus. And even though its still the start, we must remain ready to make any necessary changes. We must be ready to react to any new i
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
On the final weekend of winter. Rain in the bay area and snow in the sierra and it looks like it will last the next judaism were giving a look across the south bay where there is a cloudy and mainly dry start in areas over the north bay pick up a few the last hours. As he rolled through the second part of the morning and early afternoon youll notice it pick up over the central and south bay receipt a few scattered showers. In and around santa rosa and towards napa and American Canyon and over towards iad is a wet when from vallejo into fairfield and stretching towards richmond and the Richmond San Rafael bridge. This will be the start, temperatures will be falling, it will be breezy with often on rain not only for today but into sunday, monday and maybe into to stay, better details coming up in just a little bit. 167 cases of coronavirus have been reported in the bay area and Santa Clara County has seen the largest jump at 79 total, two of died in the county including a person in the 8
2nd, fbn am starts right now. Cheryl were feeling good welcome to fbn am good morning im cheryl casone. Lauren im Lauren Simonetti and we have green im free. Cheryl how your money is moving because it might be time to get back on the bull. Dow futures jumping more than 212 points right now. We were up over 500 points overis night despite a second death here in the u. S. From the coronavirus right right now dowp and now 17 nasdaq up 73 and a half right now all three indices trying to recover from worst week from the financial crisis. Lauren theres hope for coordinated Central Bank Action to mitigate Financial Impact and take a look at this pushing tenure treasury yield down to. and it did hit a record low of. 1. 3 earlier. Cheryl worries below 50 this week and look at oil below 50 but were excuse me still below 50 but gaining about 79 cents right now 4555 on oil interesting here gases prices are down and safety gold play still in play. Look at that gold is up 3 thats interesting. Lauren