But did bern knee pull biden too far to the left . Well react. It is monday march 16th. Fbn am starts right now. Cheryl here we go, welcome to fbn am and good morning everyone. Im cheryl casone. Lauren good morning to you at home youre like lie watch withing from home not the gym not work this morning thank you for joining us im lauren simonetti. Cheryl lets take a look after feds dramatic move late yesterday. They cut rates, and they agreed to 700 billion in bonds purchases e mostly treasure reis. Some of those mortgage back securities were limitedded down overnooght for the s p and nasdaq right now dow down and s p down 128 and half nasdaq is is down 3. 59. 75 and cannot go below 5 and remember, though, folks dow had biggest one day surge since 2008. This is volatility. Lauren take a look at the ten year treasury how pan pick investors are really down, 7 . Cheryl on fed moves we saw oil go briefly below 30 a barrel overnite right now were at 30. 10. But thats selloff 5 for oil this i
He says and hands power back to brussels. To braceg warns china for a long struggle. President trump says a trade deal will be far tougher if he is reelected. Shery a quick check of how markets closed in the u. S. After being back from a long holiday weekend. Started firmly in the red. We had brexit concerns and trade tensions as well. The dow and nasdaq lost more than 1 . Tech and industrials leading the declines. The s p 500 showing its first loss in four sessions. We continue to see these concerns, not to mention that u. S. Factory numbers that we got during the morning session, we also saw the worst contraction in about three years. Treasury yields were under pressure. U. S. Futures at the moment not doing much but we have plenty of data coming out on asia as well. Let see how things are shaping up there. Selina that contraction in the u. S. Factory is a reminder of how fragile markets are amid the trade war. The futures market pointing to a mixed and muted market. Dataso saw some
Minister the right to negotiate the split from the european clear resolutions the trade war union. China to braces and no clear meeting insight as well as tensions around brexit and huawei and weak for a long struggle. Manufacturing data. President trump says any trade deal will be far tougher if he this points to how risky the trade war is for global wins a second term. Economies. In japan the nikkei down started. Get slightly. We expect pmi composites today. Look at the land the yen have the dow and the nasdaq off of at 10 5. 7 coming falling more than 1 as session lows of one of 5. 74. Industrial and tech shares led declines. 105. 74. Firmly in the red, and we continue to lose ground as we see trade tensions, concerns the kospi coast lower yesterday. Over brexit as well playing to 12114,5trading at the markets. Fors p 500 losing ground the first time in four sessions. Level. Weaker than expected we also have u. S. Factory data 1211. 45. Signaling contractions for the first time in t
Peoples minds. Declines of three quarters of 1 . Hang seng up 1. 1 percent. We have the nikkei also getting into the positive column. Shanghai composite, have a percent to the upside. The assets on the move at the moment. Subject to the machinations of the tradewinds or lack of them. Looking for gold futures. We were up significantly, 1. 8 at one stage, and that down to the haven trade. Futures on silver up 4 overnight. We have at the moment a good climb there. Hog prices up. This is how they closed in chicago. Here we go. The pound coming back now. The sterling with a bit of resurgence after falling below one dollar 20 1. 20. To getent is trying legislation through that may well mean there is no such thing as a hard brexit. Boris johnson in term could call a general election for october 14. It is all for brexit, the tennis match continues. Lets look at some of the first word news headlines. Su we start with president trump, who is stoking the trade war, saying china should do a deal s
Now at 2 after being threatened by a Government Shutdown. This years fleet week air show now underway. We have live reports from all over the city to bring you the sights and sounds also a heat advisory has now extended until tomorrow night. When that cool down is coming. The brain is also in the forecast. Plus, how parents are reacting after a reported hate crime takes place at an east bay high school. Station. Hes calling for 2. Thank you for joining us here on kron. 4 news at 2. Im justine waltman the fleet week air show is now under way. It started just about an hour ago. The blue angels that everyones favorite right scheduled to start about 3. 15, and will bring you that as soon as it starts. That waterfront event is taking place between the Golden Gate Bridge alcatraz. But it can be seen from all over the city. Even parts of sausalito. We do have Team Coverage with all the different vantage points throughout San Francisco kron fours rob nesbitt is hanging out on marina green, tal