It was down by 100 points more than where it stands right now put it all in financial stocks when Elizabeth Warren was the nasdaq was off about 2. 5 Vice President i have been sceptical of the the shanghai composite rose more market as it is. Nonetheless, we have other news than 3 . Though to bring you this morning. We should probably get to it Central Banks held Interest Rates steady a transaction to talk about. Over the weekend regulators raised the limit on how much they can invest in Equity Assets in an effort to break longterm funds into the market and it i should say its according certainly worked at least for to the wall street journal today. Lets take a look at the it says the deal could be announced as soon as today treasury market back here in the United States. Right now i think the yield is the ebay unit similar to just around 0. 6 for the ten craigslist operates primarily and a lot of us dont know about year i dont know if you saw that story over the weekend it primarily i
The hospital fed chair jay powell told congress more stimulus may be necessary. A moment ago, looking at the dow futures. Up by about 67 or 70 points. S p up by 10. 50 and nasdaq up by 152. 10year at 0. 743 below yesterdays close. We have a huge line up again today. Amazing. Former Economic Advisor to president Obama Joining us about an op ed hes just penned. General motors Ceo Mary Barra with us. Investor Glenn Hutchens and Dallas Mavericks owner and netflix cofounder and ceo of netflix with Important News to share this morning some stocks to watch you might keep an eye on ar call revenue was a little short results would have been better but customers in hard hit areas postponed purchases including hospitality, retail and transportation clients shares of groupon reported a First Quarter loss that wasnt as bad as expected saying it was challenging, people turned to discounts on Warehouse Club members, flour delivery and e learning. I was willing to send some flowers. We waited up late
Dow futures are down by 40 s p futures down by 5. 5. If you want to take a look at the treasury market, the tenyear right now at this point, of course wti, i should point out, is down by 2 still trading above 24. The tenyear yielding 0. 7 0. 697 andrew well get an update on the pandemic the number of cases worldwide, crossing 4 million with 1. 3 million, thats in the United States the biggest hot spots in america are new york, new jersey, massachusetts and illinois all with more than 75,000 cases. Now, new yorks Governor Cuomo saying yesterday the number of new cases was back to the level from two months ago. Lots of good news there, when he first issued the shutdown order. Overnight, india, reported 4,200 new cases in the last 24 hours the largest single day increase in the country they are entering the final week of a nationwide lockdown a few cluster formed around nightclubs in south korea. They eased restrictions last week but on saturday, shut down all clubs, bars and discos in se
It took a tumble in less than six weeks and then rebounded 36 of the lows from april yesterday. The s p down 34 from february 19 to march 23, less than five weeks. Crazy to think about how quickly that fall came then we were back up 30 off the low for april. Joe . If you used april then i could get to 82 years i dont think sorkin was listening to me. I was i said, no, i dont remember. You are always saying maybe i wasnt around for that here is my proposition for you, andrew sell in may is a common expression go away ive never felt more like selling in may than i do right now. I have to be honest. It is not just you. Look at the dow this morning down 454 points. Just to test whether this kind of thing works. It would be impossible for me to go long with money what was he, 163 or something. I saw another guy say it is going to be so hard over the next year that we are looking at another 40 drop others that say the average recession that the market doesnt bottom for 11 months although jim
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more