Take a look at the technicals. This is a one year chart of the s p 500. A chubby uptrend. The big question is whether we are looking at a v bottom. It could be something that is called a bear pendant. 3000 is the lines in the sand. Bottom backe a toward the high. If we go back below the 200 Day Moving Average or below 3000, it makes a stronger case for work to be done to the downside. Volatility breeds volatility. More big moves are ahead. Worksuggests there is more to be done on the downside. At the creditg market, which looks to be stabilizing after some steep losses at the end of february with highyield bonds volume for a second day. The spreads narrow. Is the biggest junkbond etf, so the biggest the secondbiggest inflow ever. The spread narrowing can be an indicator for equities. Some of the bulls can take comfort there could be more upside for stocks. Crude oil has come off its highs for the day because russia and saudi arabia cannot seem to agree on whether deeper cuts are needed
Kristina partsinevelos on floor of new york stock exchange. Blake burman live at white house. Phil flynn watching action of oil and gold. At cme. Bloomberg spoke to Campaign Supporters moments ago after suspending his white house bid. I have to hear more about that. Lets start with jackie though. Reporter good afternoon to you, melissa. Theyre breaking the stage down behind me. As Mike Bloomberg walked out, the crowd was chanting, michael get it done. What is ironic he was dropping out of the race. He tried to keep an upbeat energetic tone to invigorate and energize the crowd. He got choked up a couple times. He was definitely disappointed. He got in the race to defeat the president. That he wanted to get things done for the american people. He was going to continue to help do that. He said it was major accomplishment at the polls. Last night two Million People came out to vote for him. At the same time he is driven by numbers about, the math, data and the delegate math didnt add up. T
Us. Apple warnse, the path reopened after the super tuesday victories and what is shaping up to be a two man some iphones will be in short race for the democratic supply as Stores Slowly reopen in china. Nomination. First, the death toll from the that is up next. This is bloomberg. Coronavirus rising to 11 across the u. S. With california reporting the first death in this state. The fatality rate is 3. 4 percent, higher than the seasonal flu. Cases continued to surge in south korea, the u. K. 23 members of parliament have fallen no. U. S. Stocks rebounding, perhaps theing the rebound from surprise victory. Are expecting to see some decent trades some decent gains. We did have the new zealand Index Trading higher than more than hire more than 2 . Volatility is the name of the game. 1. 7 onhe asx slip by wednesday. It is going to recover all of that today. The nikkei also pointing higher. The nikkei broadly flat for the day. The cost fee looking higher by more than the cost be looking hi
Shakes but rather waving. Voting centers are equipped with hand sanitizers. We have consulted with people that if they are sick they should stay home. While we are not recommending the Public Events be canceled, several Silicon Companies have changed their plans. The latest, and in person portion of a user conference is canceled Setting Health concerns of coronavirus. Event planned for the last week of march will be online only. The coronavirus and the flu had the same symptoms. Unless they get a test, we will not know what they have. The Largest School district says that it has not seen coronavirus, but is monitoring for it. It stresses the importance of prolonged handwashing. The Infectious Disease specialist here at stanford is hopeful about some of the drugs that are currently being tested. She also expects more testing to be available at clinics like this one by the end of the week. Thank you. The virus is spreading to new countries, with the first cases reported in malaysia, port
A ballot. Reporter this year a new state law will make it easier for you to switch your party on election day. Which ballot would you like . It doesnt allow anyone to vote through another party who could not do so before. It makes it easier. There is less paperwork. Reporter it makes it incredibly easily. Normally what we would do is issue a can conditional Voter Registration card. I need provisional ballot. Reporter provisional ballots get reviewed accounts at lastminute it would make those votes move faster. Californians reliance on paper ballots does provide more security. All of that paper makes for a lot more work. That is why counties are having to add new technology to get all of those ballots process as fast as possible. This machine can process as many as 40,000 in just one hour. We will be able to process those paper ballots a lot faster than we ever have before. Given the new technology we have. Joe biden is holding a rally in dallas texas where he is expected to gain two en