Highest point nearly two and a half years. One strategist says that yields will keep rising if theres no rescue for the debt ridden country. European officials want tougher Economic Reforms before they will send a lot money. Is the worst day for greek bonds since the election victory by the leftwing party. The finance minister says that europe must be patient with a new administration. Will we are asking us what we are asking is for the sensible principle that we are a new government. We need to come to terms with our partners on larger forms that need to be institute tomorrow which we can do because you have Common Ground on this. Betty greece is facing payments of more than a billion dollars next month. It is a rare agreement between Congressional Republicans and president obama. Lawmakers finally have a copper on the sweeping trade policy. It would let the president goahead on a proposed partnership with 11 pacific nations. It is backed by republicans, but not the president s own pa
End by october. Was that the reason for the selloff . We dont know. Were going to talk about that. Nasdaq the biggest laggard by for because of the rout among the biotech stocks. Gilead sciences getting aot congress wanting to know about the pricing of one of their drugs. That sent investors scurrying out of biotech drugs. Steve liesman will join us shortly. An hour from now the president host egg tech bosses at the white house. This amid growing concerns about government surveillance. Among the ceos expected is Mark Zuckerberg. Well take you live to the white house and well speak to knows in attendance. And more developments in teslas fight to sell cars directly to consumers. Arizona, its one of the three states out there that currently outlaws selling cars without using a dealer, a middle man. But one state congressman in arizona is defying the car dealer lobby and pushing a bill to reverse that ban. That lawmaker will join us exclusively coming up on the closing bell. Perhaps arizon
Zero growth, whats your assessment . You know, a year ago we were all worried about the trade dispute and whether that was going to tip the economy into recession. Turns out that didnt. Theres a lot of unknowns regarding the coronavirus, unknowns in terms of how widespread its going to be, what the impact on the economy is, and the magnitude of that, and in the face of uncertainty, you know, thats where the risk comes in. You know, thats why youre seeing the type of volatility there is, and if it continues theres a risk that consumers start to retrench on their spending, and then thats when the risk of recession would certainly grow. You read my mind. Im wondering what effect this would have on consumer spending, the effect on corporate america, and then you mentioned it, the r word. Well, everybodys trying to assess what the worstcase scenario would be. Because as you know, market corrections are very normal. Whats abnormal is the coronavirus. Its new, you know, its Uncharted Waters i
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