74 basis points. Everything is down. I would imagine 90 of stocks are down. All 11 major indices are down in the region today in very high volumes. At this point, there is nowhere to hide, at least in the equity markets. Yvonne President Donald Trump announcing a suspension of all travel from europe to the u. S. For the next 30 days. The most farreaching measure yet in the administrations effort to combat the spread of the coronavirus. To keep new cases from entering our shores, we will be suspending all travel from europe to the u. S. For the next 30 days. The new rules will go into effect friday at midnight. David our Senior International editor, jodi schneider, is here with us. Thats a big deal. It is. There was a little bit of talk about it before hand, but not necessarily expected to stop all of the european travel for 30 days starting friday. It is something he can do without congressional approval. It is a major move. Also the way the president cast it. Clearly by having the spe
Higher, the nasdaq also turning positive for the year. And all 11 sectors finley in the green on the s p 500 but, hey, dont look now because over there, in the bond market, yields are still trading near alltime lows, the 10year grows a bit but at 1. 06 yesterday, of course, below 1 so were doing something a little bit different at the top tonight. Everybody ready . Go. Do it, brian. Were going around the table. And i want each of you to give our viewers a simple answer to a sifrp question starting with guy adami. Yes, sir why were we up 1,100 point. The short answer is i have no idea, brian. Thank you. If you ask me to ask, i think joe biden had a lot to do with it you brought up that. Maybe in rert expect, the Global Central Bank nonsense or lunacy kicked in. Maybe we were in an oversold condition. But i got to tell you last night sitting here the same time given the close with the fed news we absolutely retest the 2,900 level. Clearly that didnt happen today. With that said, you know
Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham and b of a, as b of a or it goes from 270 to 245 what ne
By 2015 nuclear deal after the killing of its top general. President trump threatens disproportionate u. S. Retaliation should tehran take military action. Aboveextends its search 70 a barrel after the u. S. State Department Warns of missile attacks near military bases and Energy Facilities. Plus, riskoff rules as global stocks trade to the downside, gold searches to the highest level in more than six years. As i said, just under one hour away not from the start of cash equity trading in europe. Futureske a look at this morning after the first couple of days of the year traded in different directions. We are now headed firmly down in terms of sentiment. Clearly, over the weekend, after the attack that we reported on friday, you can see cac and dax. 75 . S down take a look at u. S. Futures. You also see losses there, about three or 4 10 of 1 . To a veryinting riskoff open. What do you see on the gmm . Anna the gmm giving us the same riskoff picture. As you point out, we see futures sugg
Lisa the small and midcap names outperforming over the major indexes. That is not what we have seen as of late. Romaine lets dive deeper with our reporters. Abigail i am thinking about the isn manufacturing report. The lowest level since june of 2009. The fifth month of contraction. The eight down report out of the last nine months. If you look under the hood, you can see some bright spots where talking about boeing and gm harriet its pretty bad. Manufacturing report go from growth to contraction. At that time, if you can recall there was a bear market for the s p 500 in white been 2016 through 2018, the Manufacturing Sector healthy going above 60. Here is the contraction going from 60 to 47. 2 remarkable. Take a look at the divergence between the s p 500 and the isn manufacturing index. Kind ofve that divergence, at some point you think its going to have to catch up in some way whether manufacturing recovers of the record highs, that divergence is something to keep in mind. You would