How low can it go . Power lunch starts right now well explain. Thank you, tyler as markets lose their gains on coronavirus headlines, we have all the angles of this story and the selloff today covered for you. Meg terrel has the latest on the comments that took down the rally. Bob and Rick Santelli following the volatile moves in the stock and bond markets ameamon javers has the white hoe response. Update officials saying its fair to say were on the cusp of the pandemic according to a bloomberg report early this afternoon. Head of the fda center for buy logics evaluation and research said there is significant concern given the virus has spread to six continentcontinens we saw the first case confirmed in latin america that country getting a raised travel advisory from the u. S. State department based oen the sped of covid19 there dr. Marks saying the time lines of Vaccine Development mean one wont be available before the initial wave of the disease passes moderna stock soaring it delive
Exchange. Im Contessa Brewer in for Brian Sullivan the pentagon confirming overnight that general Qassim Soleimani has been killed. The leader of the elite revolutionary guard in a targeted attack at Baghdad Airport. The attack came at the direction of President Trump the major averages are set to open in the red on this news lets take a look at the futures down across the board. The s p 500 indicated to open down 35 points the dow indicated to open down 273 and the nasdaq off by 114. Lets show you this quick Market Reaction we were watching last night off a positive close yesterday just after 8 00, the news came in about that killing of the leader of the Iranian Revolutionary guard. The plummet now again. Dow futures off by almost 1 across the board, we were seeing a swift reaction with the Energy Markets as well. Right now, wti is up crude is up 3. 5 as well look at the chart. What happened as the news came in wti spiked as the news came in just before or just after 8 00 p. M. We saw
The big market mover is gold, and this is a classic flight to safety. Its getting closer to 1600 an ounce. Thats a sevenyear high. 1577, up 25 bucks as of now. Price of oil, 63 a barrel. Can you imagine where the price would be if the general had been killed a few years ago, before america became Energy Independent . Got it. Here are the late news developments. The iranians threaten retaliation. Hundreds of thousands marched through tehran for the generals funeral. The iranians say they will no longer comply with Nuclear Enrichment limits contained in the nuke deal from which mr. Trump was already withdrawn. No backing down from President Trump. Oh, no. After the iraqis demanded the withdrawal of american troops, the president threatened to send them a bill for the bases we had built for them and he threatened to respond to any iranian attack by going after cultural sites. This has been hard line trump. In washington, Speaker Pelosi will organize a vote this week to restrict the presid
A compromise deal that has been underway for months now with work being done to close the gap on key differences between the administration and House Democrats the biggest difference has been the enforcement mechanism on rules for labor unions and protections mexicos government remains opposed to allowing u. S. Inspectors to enforce labor rules in mexico but they say theyre open to the use of arbitration panels to resolve disputes over labor standards and another demand of House Democrats is the lowering of intellectual property protections for biologic drugs passing this revised version of the u. S. In ca would eliminate and replace the old nafta agreement which was a Key Campaign Promise made by president during his 2016 campaign. And Chinese Telecom giant weiwei plans to outfit more of its products with their harmony operating system in 2020 a while way spokesman confirmed the news saying there are no plans at this time to roll out the new phones tablets and computers but rather use
A packed show so lets get started. And we begin with developing news right now on the u. S. In ca which is the new u. S. Trade agreement with canada and mexico because as of monday trade negotiators from the u. S. And mexico and canada have reached a tentative agreement on this deal it would essentially become the new nafta reports indicate that a final deal could be completed were told within the next 24 hours with Congress Voting to ratify the agreement before the end of this year and this is a compromise deal that has been underway for months now with work being done to close the gap on key differences between the administration and House Democrats the biggest difference has been the enforcement mechanism on rules for labor unions and protections mexicos government remains opposed to allowing u. S. Inspectors to enforce labor rules in mexico but they say theyre open to the use of arbitration panels to resolve disputes over labor standards and another demand of miles democrats is the