Take a look, winning week better than 1 . Nasdaq turning positive for the year with gain on the session yesterday of 125 points, the dow industrials up 211 almost 1 and the s p yesterday 32 at 4 00 oclock on wall street. On the trade front top u. S. And china negotiators holding a call agreeing to implement phase 1 of the trade deal as and bombshell on Michael Flynn case. Justice department dropping the case against National Former adviser Michael Flynn after serious memo raised questions about the investigationment we have all the details. Boeing ceo David Calhoun, special guest live at 7 00 a. M. Eastern and look at Airline Industry and the latest of the still grounded 737 max fleet, mornings with maria is live right now. Global markets look like this. Take a look. Easing of trade tensions to the United States and china where the two sides agree to finish out the phase 1 deal, cac quarante 36, dax index up 88. German experts down nearly exports down nearly 12 on record. Best performe
On slowing the spread of the virus. New cases of it on the decline in major hot spots including new york. Dr. Tony fauci saying the death toll in the u. S. Could be 60,000 versus earlier estimates of 240 people dying. Donald trumps Approval Rating hit alltime high for him amid coronavirus pandemic and also showing an overwhelming majority of americans are concerned about a recession. The virtual opec plus meeting which included saudi arabia and russia ending in a tentative agreement to temporarily cut production by about 10 millionbarrels per day. But mexico could derail the plan. Oil declining near the trading session over concerns about the Production Cuts that they wouldnt be deep enough. U. S. Markets are closed today in observance of good friday but yesterday u. S. Stocks rallied, dow, nasdaq, s p all up more than 10 for the week. S p having the best week since 1974. In asia overnight markets were mixed, you can take hang seng and hong kong closed for good friday. European markets
Officials one of its. Responsible to home. Countries across Southeast Asia racing to track hundreds of people who may have been infected with the coronavirus during an event in malaysia that countrys shut its borders to all travelers after registering 2 deaths and 790 cases maybe 2 thirds of those are linked to a religious gathering of 16000 people in the capital straightly and being told not to leave the country its declared a human biosecurity emergency giving the government the power to seal off cities and impose curfews the United States has announced a one trillion dollar plan in a bid to try to lessen the economic fallout but that doesnt seem to have calm Financial Markets and its only patients are being moved to a new Treatment Center in rome more than 30000 italians are infected the death toll has now passed 2500 lets go 1st to kuala lumpur about 0 Florence Louis you can tell us more about the shutdown there how is it going help people behaving. Well its relatively quiet on the
Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning once again, it is back above 1 . Tenure now sitting at 1. 8 that is up ten and a half basis points. The coronavir
Welcome. Im Morgan Brennan on cnbc and st. Patricks day. Breaking news. That is wall street. Stock futures surging. Well off their highs hitting limit up levels overnight as President Trump said in a tweet last night, quote, the United States will be power fully supporting those Industries Like airlines and others particularly affected by the chinese virus. We will be stronger than ever before limit up means we turn attention to the etfs that are tracking to get a better sense of where they are opening this morning the die, the dow etf is up 2 . Off the gains we saw earlier the s p 500 etf, the spider, is up about 2 . The qqq trust is up about 3. 3 coming off that worse day for both the dow and the s p since 1987 and the nasdaq and the russell 2000, worst daily drop ever breaking overnight, the eight largest u. S. Banks announced they will be jointly taking funds from the Federal Reserve all of this after all the major average posted the worst day since black monday drop of 1987. The d