Home builder market, as crazy lows spark a mammoth rush to refi but could rates drop even lower . Mortgage guru barry habib of mbs highway here exclusively on whether you should pounce now or whether you should wait. Opec plus russia, fretting about the deadly contagion as the price of oil plummets. Its no longer if, but by how much the cartel will slash production. Dan yergen is one of the worlds foremost experts on black gold. How low will that go . Dan has an idea. He will reveal it right here. Its a fox business exclusive. And as companies from bmw to twitter order their employees to work from home, theres a softwear Company Helping you get the job done without leaving your couch. The ceo is here on how well its working. With less than an hour to the closing bell and gold and bitcoin surging, lets start the claman countdown. Liz breaking news. Senator rand paul of kentucky, the only senator to vote no as moments ago, the Senate Passed the 8. 3 billion emergency funding bill. This b
Moves. Im connell mcshane. Deirdre im Deirdre Bolton in for Melissa Francis this is after the bell. S p 500, nasdaq closing down each more than 3 . Any minute as well, President Trump set to leave the white house. He is headed to scranton, pennsylvania. Well bring you any headlines from the president. If he stops to speak to reporters on the south lawn. Meantime fox Business Team coverage. Blake burman at the white house, Kristina Partsinevelos on the floor of the New York Stock Exchange and phil flynn watching oil from the cme. Kristina, if it is not plus 500 or minus 500 were almost confused at this point. Kristina right. You know what i want to end at bright spot off the session lows we saw the markets drop 1100 points lower, so yea to that. The dow closing like you mentioned, negative 92. Weve come so far over the past two weeks and talking about these record highs. Volatility though, according to the traders are here to stay. Were seeing massive swings. Were talk about some dow lo
As the stock plummets 11 and is now at just 10. 35, american is also offering voluntary buyouts to employees. That leads to this question. Are we looking at a Global Travel depression . The ceos of hilton, United Airlines and Royal Caribbean cruise lines all sit on the board of one Organization Called the world travel and Tourism Council. The ceo of that council is live in a fox business exclusive from london, where the famed tube, londons underground subway, is now closing down stations. Will london lock down and what does the future hold for travel . Despite americas troubles, the markets are bouncing back from yesterdays selloff. Weve got another volatile session. At one point, down 721 points at the low, the dow has now swung more than 1200 points, currently we see gains of 237 points. The s p climbing higher by 30. The nasdaq is up 254. Plus we are going to speak to the nations largest Medical Transport company about how it is preparing to move coronavirus patients from one place
Neil. Well, you said it when you set this up at the top. The conversation here on the floor has surpassed this notion of correction which the markets have gone straight through, but now traders are talking about bear market territory. That would be a 20 decline from alltime highs. Theyre saying they hope it doesnt happen, they hope maybe a bottom is set here today. The problem is theres just so much uncertainty, and we dont know where this whole situation is going to go. You know, the comparison has been made to the financial crisis, but there was an orderly process, right, between the government and the banks that stepped in to try to work on things. There was some uncertainty, but people were working on it. With this, were not sure how bad it can get, and thats whats spooking investors. Now, the s p 500 entering correction territory, it only took six days to get there. That is pretty staggering. The last high that we saw was on february 19th. Its been the worst trading week since tha
The nasdaq turning negative for the year. Fox Business Team coverage. Edward lawrence live on capitol hill, Deirdre Bolton on the floor of the new york stock exchange, phil flynn is watching action in oil and gold at the cme, but edward, we will kick it off with you. Reporter centers for Disease Control says the American Public needs to be prepared for a possible sustained spread of the coronavirus. Also communities need to brace for possible outbreak. The president has been briefed on all of this. Health and Human Services secretary alex azar testified today he is concerned about the sustained humantohuman transfer that theyre seeing in italy and iran related to this virus going forward. He told senators at an Appropriations Committee hearing that the 2. 5 billion additional they want will be enough to stay aggressive against this virus. Listen. It would be very concerning if this virus spreads say to africa or other areas that have less developed Public Health infrastructure because