Commercial free dan nathan tim seymour and. And the head of rbc capital markets. Let us recap how this incredible day played out the dow just had the biggest point drop in history. Falling 1190 points. A 4. 4 drop. The dow index has now lost 3,200 points in week alone its now down nearly 10 this year the s p meantime falling 4. 4 as well handing in the worst day since august of 2011 and this is the fastest correction, a 10 drop from highs in the entire history of the stock market lets focused on big names you know controlling the market, fangs tumbling as well and took the market with them you had apple down 6. 5 . Google 5. 5 and microsoft a 7 drop wow. As stocks sold off buyers they flooded into bonds the 10year yield at one point trading at 109. 24 ended at 1. 26. The lowest at any time in American History for the ten years. Bond traders expect a rate cut on march 18th. But there is chatter possibility of intrameeting cut between now and then all told, the fear on the street is very
Wasnt that good tony zheng has updated well intel on intel plus, what is it the kids say again. Maybe we could netflix and grill. Not quite but mike khouw grills you on a way to chill around netflix earnings. Its time to risk less and make more options action starts now. All right welcome back. Lets get do it we begin with the transports like the markets hitting highs Kansas City Southern Norfolk Southern fedex, Union Pacific, leading the group as earnings season is about to kick off. But carter says one of these names is likely to pop more. He is at the plasma who is the name carter worth. Interesting of course the dow jones Transportation Industry has not made a new all time high but making 52week highs to be determined but railroads its a big part of the transport index. In addition to names like fedex and ups. But here is the Railroad Index names you know like Union Pacific. Norfolk southern, ksu. Lets draw some lines. Is it this it has all the elements of that. But lets do it a fe
Lower on concerns about the health of the u. S. Economy and a number of new bearish notes from new wall street firms hurts the sentiment further. Lets check in on the biggest losers in the dow, which as morgan just said, is down sharply, near session lows, which were 462 points. Its currently down 410 points, as you can see, pfizer down 4 Goldman Sachs down 2. 7 cat down healthily 2. 56. The 30year just hit a yeartodate low of 2. 117 t the. Joining us for the full hour, victoria fernandez at cross mark global investment. Thanks for joining us. My pleasure when you see yields slip like they have done, like they did last week, does it make you want to press the sell button for broader u. S. Equities . We dont want to sell we have that longer term outlook. We think theres a lot of volatility going on and thats going to continue to play out. We are looking at these treasury buys, not just from Short Coverings but outright buying as well but i think you stay invested at this point there we
Ticketmaster forced to face the mu music. Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, steve grasso and julie biel. The do s p 500 and nasdaq pulling back after hitting record levels in the session that even as nvidia soared more than 9 on the back of an Earnings Report that few could find fault with. So, why werent the big numbers from the third biggest stock in the u. S. Enough to boost the rest of the market maybe ironically, Even Stronger numbers on the economy a better than expected read on pmi sent probabilities of september rate cut from nearly 58 yesterday to even money right now. Are markets now all about the fed once again tim, what happened today i think the fed is the most important dynamic in the market, but i do think you have a case here where that pmi, that composite pmi, the services component, 54. 8, last number was around 51, were starting to see the services weaken a bit. This was a very solid number
Needs to be spiced up, but okay, so wait, they will all be cold, so wait, thats it for now didnt eat, hello everyone, this is tim and his team, our new hit, pancakes, pancakes, or as they used to say in the old days, okay, and where grandma had okay, we still have grandma. I didnt give myself the right to be filmed, what are you talking about, this is for my blog, uhhuh, where did i lose the wreath, coligula, no, really, seriously, tim, well, you should dress like that, well, everyone, bon appetit, musy, well just have a striptease with the morning was not enough, no, but so what, nothing. You got some sleep, but i spent half an hour on the metro, oh, no, theyre meeting you, just go already. While tim left, how loud he is, how many of him there are, by the way, he took my cup without permission, well, he doesnt notice such little things, of course, he thinks globally, he is concerned about the fate of the world, please remind him about the basics rules of politeness, okay. And how does