Outperformer, up 0. 6 of 1 small caps pulling back. Our Investment Committee today, joe terranova, stephanie link, jon najarian joe, lets get your top line read of the markets right here we had an 8 pullback into mondays open. Weve rebounded a little more than half of that over three days, so was that it for the nearterm pullback or are we still in a choppy phase . Well, we still have more fight to encloses the gap from last wednesday into thursdays decline for the s p, mike. That gap sits at 3153 to 3181. The composition of todays tape shows weakness in what had been kind of those dashfortrash leaders. If i look at the dow, i see exxon, boeing and chevron. They are underperforming today within the s p you have the cruise ships underperforming and then for the nasdaq, its the airlines and marriott. So the strength has to come from the old place, your Mega Cap Technology oriented names. Theyre going to have to carry the momentum to close the gap further. On the other side of chairman po
And by tomorrow well have temperatures in the upper 50s. Today upper 50s and low 60s. Back to you. All right. Thank you, steve. New this morning, firefighters in antoch are investigating an Early Morning house fire that started shortly after 3 00 this morning at a home on hillside road. Crews managed to control the flames in just about 10 minutes. A couple of preview six. The red cross has now arrived on the scene. The request for declaration of major disaster. Here now to tell us about the declaration and how its going to help out during the coronavirus outbreak. Good morning, steve. In a statement, the governor said the impact of coronavirus in california is already severe and will continue to get worse. Now, within hours, the president approved a major disaster declaration. That means federal funding is available to state and local governments for Emergency Support like disaster aid and Legal Services. Fema will supply eight emergency medical stations in california with 2,000 beds.
Cold air but theres a lot of moisture hanging around for thursday morning and sun and clouds 50s and 60s on the temps today. An Early Morning house fire started after 3 00 and the crews controlled the fire in ten minutes and no one living at the home was hurt. The Fire Fighters say two baby chicks in the garage died in that fire. Couple of brand new little kids with a heating lamp over a card board box created the fire. The fire was put out. The governor granted the request for a Emergency Declaration for the state. A major declaration sounds alarming but itll be a help in spiking the coronavirus. Governor gavin newsom approved the declaration and only took a few hours for the president to declare a major disaster in california. Governor newsom said the coronavirus psoriasis is having wide range impacts in every part of California Public and private life. This major disaster decurialation will help ease the burden by making federal Funds Available to state and federal governments for d
, because of tariffs. Here is the question. Is the president getting ready to take a softer approach to tariffs . Well be asking our china experts coming up. And more hong kong protests this weekend, organizers say 1. 7 Million People brave the rain to hold a very peaceful demonstration yesterday. Well get a live report from hong kong later this morning. And get this, the business round table, the top ceo group led by Jpmorgan Jamie dimon saying maximizing shareholder profit, your wealth, can no longer be the primary goal of big corporations. Whats up with that . Varney company monday edition starts right now. President trump china is doing very very poorly. Theyve had i just saw a report theyve had the worst year they had in 27 years because of what ive done, and they want to come to the negotiating table. Theyre losing millions and millions of jobs in china, and were not paying for the tariffs , china is paying for the tariffs, for the other countries it may be that if i do things wi
putin s surprise visit to the russian occupied city of mariupol devastated in the early months of the war. like all ukrainians, like all mariupol residents, i feel today a war criminal vladimir putin visited the scene of a crime he committed for several months. it s been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein we ll assess the history. # i ll take the world apart to find a place for a peaceful heart. and the return of a 60s pops icon we hear from yusuf cat stevens, about music, faith and performing at glastonbury. hello and welcome to the progamme. switzerland s biggest bank ubs has agreed to take over its troubled rival credit suisse. the rescue deal follows a weekend of emergency talks between the two banks, after credit suisse saw its value plummet over the past week. banking regulators hope the deal will restore confidence to the financial markets. credit suisse had been caught up in the market uncertainty tri