Claims at 8 30 a. M. Eastern time. Economists are expecting 3. 5 million jobless claims falling record 3. 2 the following week. We will bring you those numbers and jobs number coming out tomorrow. We are expecting a firm e tone with Dow Jones Industrial average up 332 and s p by 72. Take a look at the numbers. Dow industrials down 973 points at the close yesterday. S p 500 down 114. President trump is considering grounding domestic flights between hot spots to try and contain the spread of the virus and boeing to send early retirement as the virus takes a toll on the aircraft industry, its 73 max fleet remains grounded. Coronavirus impacting the 2020 race. Former Vice President joe biden calling for the Democratic Convention to be pushed from midjuly into august. This as pandemic could lead to virtual election. Long lines at Grocery Stores. What you should be getting right now and how to store it and what measures can be taken to make sure takeout orders are safe. We are getting answer
Pandemic may have been that chip on the jenga stack, if you will. Brian, if you want to say its a house of cards that was built by the policymakers in order to bail out the Financial System during the crisis one day, you know, a breeze came along and knocked over one with the cards and its bringing the whole house down well, the house, the equity market rose 13 this week. I understand we are still well down on the year it seems like the fed has shored up the credit market, but it sounds like youre not believing that the bottom is in yet. No, i dont think so. I mean, brian, when we look at some of the data that were getting with Unemployment Insurance claims and so on and so forth, you know, it would suggest that, you know, were going to get to a place worse than the financial crisis economically unemployment perhaps around 15 and Economic Contraction for the year, say maybe in the neighborhood of 10 . These are pretty nasty numbers and when you look at valuations on stocks, the degree
Brian, if you want to say its a house of cards that was built by the policymakers in order to bail out the Financial System during the crisis one day, you know, a breeze came along and knocked over one with the cards and its bringing the whole house down well, the house, the equity market rose 13 this week. I understand we are still well down on the year it seems like the fed has shored up the credit market, but it sounds like youre not believing that the bottom is in yet. No, i dont think so. I mean, brian, when we look at some of the data that were getting with Unemployment Insurance claims and so on and so forth, you know, it would suggest that, you know, were going to get to a place worse than the financial crisis economically unemployment perhaps around 15 and Economic Contraction for the year, say maybe in the neighborhood of 10 . These are pretty nasty numbers and when you look at valuations on stocks, the degree of overvaluation where we were at the peak just six weeks ago vers
Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was necessary, i would do it. Yes. Reporter whats your timeline on further travel restrictions, mr. President . Well, we are looking at different areas and we will make that decision
The big day is here in the United States. Super tuesday. Can joe biden continue challenging Bernie Sanders . Will Michael Bloomberg or Elizabeth Warren claim their first date . First, more first state . First, more coronavirus cases in the u. S. Two employees in china contracted the virus, or cases in south korea, iran. The fed jumping in but u. S. Stocks still tumbling. What are you watching ahead of the open . Paul the u. S. Reaction really setting us up for wednesday. New zealand, already open and already weaker by half of 1 . Up day on monday no, a big update on tuesday, a down day on monday. Futures here in sydney are off by 1. 3 . The market up by almost three quarters of 1 yesterday. Nikkei futures pointing south by more than 2. 5 . We look at currencies, the aussie dollar actually gained amid all of this, knocking on the door of . 66. Gdp for australia a little later on for the Fourth Quarter. Those numbers are expected to be healthy but they are of course backward looking. The