Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
The best performing s p at the moment i have my eye on a few techish stocks this morning for different reasons. First box is up better than 5 6 , actually, after earnings an echo of what we saw from sails force. And then, tesla. That stock now well higher than 400 billion dollars in market cap. So you wonder where that one goes it has certainly been a storied stock of the market so far and then along the lines of the idea of reopening disney, trading now where it was about a month ago. The rise of skywalker came out 135 her share, dei rrrdre still down about 6. 5 lets begin with a big tech story of the day tiktok Ceo Kevin Mayer leaving the company. He said in recent weeks as a political environment has sharply changed, i have done significant reflection on what the corporate structural changes will require and what it means for the global role i signed up for. Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that i want today let you al
Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
Activity as Economic Activity grinds to a halt here in the u. S. , the white house calling for half a trillion dollars in direct payments to taxpayers and says we could see bailouts for airlines, hotels, and cruise industries, all the sectors getting crushed in todays market and crude oil down a staggering 23 . Now trading just above 20 a barrel we have every angle covered for you. Bob pisani is on the floor of the New York Stock Exchange. Kayla is in washington with the response to lawmakers. And were covering the latest on the virus itself bob, first to you on another roller coaster ride today here at the Stock Exchange. We have a quiet morning i say relatively quiet, it was down 6 tach take a look at the s p i urge you to watch it emotionally. He said we need a 30spring break. This slow rollout of a shutdown is not working market dropped quickly to the lows of the day. We hit the Circuit Breaker at 12 50 eastern time, 15minute pause. We reopened. We have not dropped to the he second
This is 3 declines for each of these markets. Joe, it looked worse overnight well see what happens as we get a little closer to the opening bell youve been watching the treasury. It was lockdown. It was lockdown for quite some time. And it really was about i couldnt help but saying, this is the politicians fault. It was if they had done what they looked like they were going to do as of friday, i dont think it would have been like that but then again, we may have had the, all right, they passed it, were up and then that sells off. In this world, i dont know what to hope for anymore. This is how it works, though. Im going to read something in a second that im so excited about. I even got more excited about this than i did about the futures not being locked down is,000 points. Weet gel well get to that. It was 954 points or something. Yields have come down. The tenyear was down at 0. 829 . Again, that volatility is spreading not only through the stock market but treasuries. Its been amazi