Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . Mornings with maria is live right now. Maria lets check Global Markets with ftse 100 in london 236 points, european indices red across the board. Cac quarante down 150 points and dax index down 243 down. In germany Angela Merkel i
Will head to the polls next week to decide whether the United Kingdom should exit the european union. The markets have largely shrugged off that threat but that is starting to change. Over the past few days volatility has risen and stocks have come under pressure as poll after poll show grow support for the leave campaign. And that is why stocks were lower again today. The Dow Jones Industrial average average fell 57 points to 17,674. The nasdaq down almost 5. The s p 500 was off 3. As investors flee stocks, money is pouring into relatively safe investments. So much so that the yield on germanys 10year Government Debt fell into negative territory. The yield on the 10year u. S. Treasury hit levels not seen since 2012. Lets turn to our two guests who have opposing views on how the u. S. Economy will be impacted should the United Kingdom exit the european union. Paul christopher is head of Global Market strategists at Wells Fargo Investment Institute and he says it will be negative for th
Will head to the polls next week to decide whether the United Kingdom should exit the european union. The markets have largely shrugged off that threat but that is starting to change. Over the past few days volatility has risen and stocks have come under pressure as poll after poll show grow support for the leave campaign. And that is why stocks were lower again today. The Dow Jones Industrial average average fell 57 points to 17,674. The nasdaq down almost 5. The s p 500 was off 3. As investors flee stocks, money is pouring into relatively safe investments. So much so that the yield on germanys 10year Government Debt fell into negative territory. The yield on the 10year u. S. Treasury hit levels not seen since 2012. Lets turn to our two guests who have opposing views on how the u. S. Economy will be impacted should the United Kingdom exit the european union. Paul christopher is head of Global Market strategists at Wells Fargo Investment Institute and he says it will be negative for th
Will head to the polls next week to decide whether the United Kingdom should exit the european union. The markets have largely shrugged off that threat but that is starting to change. Over the past few days volatility has risen and stocks have come under pressure as poll after poll show grow support for the leave campaign. And that is why stocks were lower again today. The Dow Jones Industrial average average fell 57 points to 17,674. The nasdaq down almost 5. The s p 500 was off 3. As investors flee stocks, money is pouring into relatively safe investments. So much so that the yield on germanys 10year Government Debt fell into negative territory. The yield on the 10year u. S. Treasury hit levels not seen since 2012. Lets turn to our two guests who have opposing views on how the u. S. Economy will be impacted should the United Kingdom exit the european union. Paul christopher is head of Global Market strategists at Wells Fargo Investment Institute and he says it will be negative for th
Its leader. Once again, oil holding near a 5 1 2year low. Theyre recovering today after yesterdays sliding. Theyre still trading for less than 62 a barrel. Meantime, the drop in oil prices killing bonds. Bonds issued by the staterun industry have now fallen to 55 cents on the dollar. The yield is up to almost 50 , brendan. In washington, the house is set to pass a spending bill today that would avert a Government Shutdown. Yes. Lawmakers also plan to approve a twoday stop gap bill that would give them until saturday to vote on the bill. Heres house speaker, john boehner. This a marv just job. I wish it was done last week, but it wasnt, and so here we are. Im proud of the work that theyve done, look forward to it passing with bipartisan majority in the house and in the coming days. John boehner tanned, rested and ready. Many democrats are not happy with one provision of the bill that would roll back rules aimed at protecting taxpayers against bank losses caused by derivative trades. Dem