Crude oil down after spending some green time earlier. One of the sectors most affected, autos and components. That is down 5. 1 . We saw it in the Consumer Price index today. Lets get a deeper dive into the markets. Here is katie and taylor. You mentioned some of the major averages. The dow was off to present. The russell 2000 is off almost 4 . I want to focus on a terminal im showing about the s p 500. It is almost dropped 2 today. You were looking at the first time weve had back to back losses of more than 2 since the markham bottomed out on march 23. Market bottomed out on march 23. You could be looking at the first back 2 loss since it bottomed out in midmarch. Something we are keeping our eye on. If you take a look at how that is translating into the vix, it is coming back higher. The highest going back since may 4. Up almost 10 points in two days. We were below 30 handle on that last friday and monday. Yesterday and today firmly well into the 30 territory. I wanted to look at so
After a session where the dow and s p 500 have their worst single day point drop in history, what stocks make sense to buy in this new stay at homer ra that has been hammering the major averages, the dow plunging 1,191 point, the biggest point drop on record, the s p plummeting 4. 42 , and nasdaq nosediving 4. 61 . This is panic, okay this is what panic looks like. Particularly the last 45 minutes. We dont advocate panic because its not a strategy. You can have all the obvious defensive names. You can talk about the staples i can do that any day of the week, the stuff you need to stock up on when the outbreak sweeps through the country you buy stuff like this. The stock market seemed to be signaling in todays lows the last 45 minutes. I think the lows could be revisited. What the hell, the virus is a threeweek incubation period so well probably see more and more people getting sick people of course never went to china, which is always scary now, right we got the first one in Northern C
Across the markets. Driving the stimulus, miss confidence. The effect we had, what it did do, nasdaq is up. We continue to see property stocks. Hong kong markets are the first. Theyre cutting down down payments, mortgage rates. Country garden is lifting property, most sectors are in the green. U. S. Markets are closed so we will not see too much in terms of treasuries. The jobs report was talking about moderation. Certainly you are seeing hong kong lead the charge as well as the csi 300. We broke out of declines after the best week we saw since july. We saw seven weeks of gains for the index. In your which is quite rare. We just mentioned. 5. 3 up for the property gauge. Just to reeducate on the welcome stimulus playing out. Lets have a look. We have some important trade data with how the Chinese Markets are doing a deep dive and michelle is taking his place as the last meeting of governor. Rate decisions as well. We will see. It will be interesting to see that the timing cycle may be
Announcer this is nightly Business Report, with Tyler Mathisen and sue her slow start. The economy is limping along at its slowest pace of growth in three years. So why arent economists worried . At a crossroads. Exxonmobil and chevron report solid quarters. But not everything is turning around for big oil. At odds. Lawmakers avert a Government Shutdown, for now. But another budget battle may just be starting. Those stories and more tonight on nightly Business Report for friday, april 28th evening, everyone, and welcome. Getting the economy growing again faster is a goal of the Trump Administration and a desire of investors, and of course american workers. But today a new report shows its certainly not happening just yet. According to the commerce department, the economy stumbled in the First Quarter. Gross domestic product, which is basically the broadest measure of u. S. Output, grew at a paltry rate of. 7 , below what had been expected. An increase in confidence readings over the la