Crude dropping hugely today, as demand fears rise that demand is going to fall, hitting its lowest level now since 2002. Speaking of free fall, look at shares of boeing that air space giant asking now for a 60 bailout. It is down 25 today and on track for its worst month ever, doubling the losses it saw back in september of 2001. This stock was a 300 plus stock, not that along ago, kelly. Its just unbelievable. Tyler, thanks. Appreciate it. Heres what you need to know, everybody. There are now 200,000 cases of coronavirus globally about 7,000 of those are here in the icu. The u. S. And canada have now agreed mutually to close the border to limit travel between these two countries. The move, they say, wont impact trade. Thats been impacted by its own problems new york is dealing with the largest outbreak of coronavirus, with cases more than doubling to 2,000 overnight. Bob pisani is all over these big market moves today bob sullivan is watching crude as it craters. Kayla tausche is watc
Done b. K. , sit tight for one second obviously its 6 00 eastern time most of our audience is tuning in for jim cramer and mad money. Jim and mad will come up they will begin at bottom of the hour 6 30 eastern time for jim and mad money. A big lineup including the c. E. O. S of teledoc and ventas. We are expecting or were expecting this White House Press conference, which could begin at any moment for those of you tuning in who tune in, love jim, love to watch mad, but its 6 30 eastern time b. K. , thank you for that pause wanted to make sure our viewers understood why we are still on and not jim. What do you want to see the market the next couple sessions that might confirm some of the things youre talking about . Yeah, so, what im really looking for is how the equity markets react to this stimulus bill it looked like today when were getting close to a vote, the equity market tried to rally then the vote failed equity markets sold off. To me thats the real key here we have a couple pi
That steep selloff after the fed surprise move, reversing today, at least for the moment its holding the Dow Jones Industrial is good for a 2 gain at this moment s p is holding above 3,000 1. 75 . Nasdaq up by 1. 5 . The question today, i want to know the answer to, joe, is, where are we what does this action tell us about whether weve hit a bottom or not or is this a process thats going to take more time its absolutely a process thats going to take more time this process began january 17th. On january 17th, the u. S. Ten year was 184 the u. S. Tenyear fell january 31st to 1. 50 the market at that point was telling us exactly where we are right now. Now i understand 95 basis points and what i left on february 12th, u. S. Tenyear was 1. 63 were going to take the lead from where the u. S. Tenyear goes you need to see the correlation between a lower yield and lower stock prices begin to break down i think whats incredibly relevant at this point is the actions of the Federal Reserve and wh
I am Frank Mallicoat and rosemary is here to tell us about all the rain coming not been ending february on a dry note as feared but we will cool it down and breezy conditions do pick up but then we will not see any rain. We may see accumulation of snow in the sierra, more on that coming up but lets look at headlines. Patchy fog this morning, cool and breezy, a notable drop in temperatures this afternoon 10 or 15 from yesterday and the breeze is expected to continue in as we mentioned a moment ago cast for us and we look dry and the extended, i will have a look at what you can except for the weekend and beyond coming up. There are now four coronavirus cases of unknown origin here in the United States. One is in oregon at an Elementary School for an employee and another high school stuaces year and the first is an solano 65yearold woman in santa clara county. Reporter good morning we know a lot of people have concerns about coronavirus but San Francisco mayor london breed says do not avo
S p shed 8. 3 . Although we were down a lot more earlier in the session you say i got to say its about darn time hallelujah things have gotten too easy. How do i know . Because the uber driver was make together much on tesla because the shoe shine men have finally picked a winner, and that winner was amd. Because these moves have gotten way to too crazy, and they had to stop. In end, even the saint Virgin Galactic, it was felled. Yep, they even got to space, symbol spce. Or spice, as i like to call it look, all selloffs are not created equal. Some are a lot worse than others this is not a slash and burn selloff its more like the kind of pruning you do to trees that are too new the power lines. Sure it looks ghastly chen theyre done with the wood chipper, but it beats the alternative which is a california style wildfire. I like the market because when trees grow back, hopefully they grow back stronger, slower, steadier still was an odd day for the market to take a dive. There was a lot