Nasdaq nearly 4 , will get back to the markets, theres a lot of News Headlines to go through, we will take you to that with our fox Business Team coverage, our reporters are set up, blake at the white house, hillary bonnet capitol hill, Edward Lawrence in washington. But blake has been the case, the news coming out at 1600 pennsylvania avenue what is the latest. One of the big pieces that came out was a phone call that happened earlier this morning between President Trump and the top democrat in the senate, Chuck Schumer tried to advance the tree and dollar rescue package that the white house hopes to get over to the president desk at some point next week. One area that the president and democrat agree on if money ends up going to big corporations making sure those can enter and use the money for stock buyback. The president said that he and schumer at this point really are not that far apart. I had a very good telephone conversation with some, we are working on various elements of the
Retailers, factories, restaurants, bars, schools, gyms, hair salons, las vegas can see notes, even houses of worship all shuttered for the number people to be together one time. At an addition many of us worked told to work from home purred we learned a new phrase social distancing keeping is far enough from everyone else to not get the transition of the virus are discovered 19. Many have been told to shelter in place meeting to just stay home. Meantime, President Trump, treasury secretary mnuchin and congress traveled to provide millie and billions of dollars in aid to offset which could decimate airlines and hotels as well as many small businesses. In addition, washington plans to provide direct Financial Assistance to families and individuals being hurt by the loss of their income as their employer shut down operation. And wall street continued its massive self, essentially wiping out all of the gains it has made since President Trump took office. And the virus even hooked the New Y
But did bern knee pull biden too far to the left . Well react. It is monday march 16th. Fbn am starts right now. Cheryl here we go, welcome to fbn am and good morning everyone. Im cheryl casone. Lauren good morning to you at home youre like lie watch withing from home not the gym not work this morning thank you for joining us im lauren simonetti. Cheryl lets take a look after feds dramatic move late yesterday. They cut rates, and they agreed to 700 billion in bonds purchases e mostly treasure reis. Some of those mortgage back securities were limitedded down overnooght for the s p and nasdaq right now dow down and s p down 128 and half nasdaq is is down 3. 59. 75 and cannot go below 5 and remember, though, folks dow had biggest one day surge since 2008. This is volatility. Lauren take a look at the ten year treasury how pan pick investors are really down, 7 . Cheryl on fed moves we saw oil go briefly below 30 a barrel overnite right now were at 30. 10. But thats selloff 5 for oil this i
Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
This coming out of china this morning. The Unemployment Rates surge to 6. 2 in china, and bank of japan is boosting stimulus this morning doubling stocks purchases. They are buy equities at the bank of japan because yield and tenure fall this morning. Were down 18 basis is point on the tenure at. 800 . Over this 200 coronavirus cases now here in america. West virginia, the only state with no known cases. More school ises are closing major restrictions are being put on businesses and travel. The cdc urging no gatherings of more than 50 people. Vaccine trials meanwhile are starting today. That is one certainly note of optimism. Trump declared National Emergency urging americans against hoarding as Grocery Store is shelveses are emptying out. The president taking part in a Video Conference of with g7 lead percent today to coordinate a response to the coronavirus pandemic. Meanwhile this, senate is expected to vote in coronavirus release bill today. They were there late until 1 a. M. Frida