A lifeline for sears that may be too little, too late. And the wait is over for baby yoda fans everywhere it is friday, february 21, 2020. Worldwide exchange begins right now. Good morning. Happy friday welcome to the show. Here is how stock futures are setting up their friday today. You can see here, stock futures indicating 140point drop for the average. S p open down about 17 points. The nasdaq is off by about 75. This is after a wild ride that had the dowdown about 350 points you can see there in that time lapse, a huge volatile trade in yesterdays session. In the bond market, 10year benchmark below the 1. 5 mark. 1. 48 there. Twoyear at 1. 37 . Treasuries a key focus as people buy up the safety of u. S. Government bonds lets send it over to Joumanna Bercetche in london with an update of what is happening around the world good morning. The handover from wall street has been interesting we are seeing a little green here shanghai composite up. The tech sector slightly better up 1. 1
Week for the nasdaq. That is the first time youll see stocks down for the major averages in three weeks. This morning, we are still near alltime highs for both the s p 500 and the nasdaq looking at the treasury market, right now, 10year at 1. 486 some additional pressure concerns about Global Growth and what it will mean for the economy. S p was out saying for the year, you could see chinese growth at 4. 4 for the full year that concern if they see a peak to the virus in march. All these new highs and goldman talking potential correction i can see how the case could be made right now is there anything more than a possible Global Pandemic i think about it it is hard to buy any stock that wouldnt be impacted by a bad outcome in this. Right people assume it will be a vshaped recovery and that it will happen sooner rather than later. With coronavirus. After it going away. But we dont know if it goes away and we still dont know what kind of numbers we are getting. It appears it is slowing a
Test. Test. Test. A checkpoin we increase the population in this world is through childbirth and that there is a need for a woman to be able to take time off and, god help her if she has a child who is sick. And so after the birth of the killed continuously having to care for that child, that could be the father, the mother, a samesex couple, all of the issues that goes with caring with a sick child, we as a sophisticated, major force of democracy in this world should not be one of the last to say that every person working and trying to provide for the family, regardless of their income, do not have access to paid family leave. I want to ask a question, how many workers across the country currently have access to paid family or medical leave benefits. 19 of workers have access to paid family leave. And how current is that . That is from march of this year. March of this year, the big, amazing fix all pay cut happened, did that did that have a major increase on providing this benefit to
Stocks getting slammed the dow falling more than 400 points locking in its worst twoday selloff since brexit the dow hovering around 26,000 these 1 selloffs are a rare occurrence since the last one on september 5, its up a whopping 2 20 . Just in case you got selloff amnesia. Merriamwebster define passeloff as a usually sudden sharp decline in Security Prices accompanied by increased volume of trading. This this be your best chance to buy the dip . Doesnt this feel good . This is something that a lot of people have been asking for. Youve heard the stats, we havent done this since brexit bottom line is the base i think remains very much intact in terms of the Global Economy, in terms of earnings that have been largely extraordinary. An upgrade cycle that would have existed even without a tax deal. Were going to get 12 , 13 ep growth on the s p. Now weve upgraded three or four bucks when well probably upgrade 15 bucks based upon taxes. But do you have to jump in and buy tomorrow i dont t
Cyberattacks in america a much bigger problem than we originally thought. I want you guys to check this out, a secret nsa map paid by nbc news in last five years more than 600 corporations and Government Entities have been attacked by chinese hackers so how safe are we . And more importantly why isnt government doing more to protect us . Joining us now former mts senator scott brown, scott, senator brown, 600 we knew these attacks were going on but you look at chai chart and pattern on that chart it is clear that the chinese has specific things that theyre going for, theyre going for Silicon Valley, washington, d. C. And other places that they can obtain information and this is more than just an economic situation. It make me feel very vulnerable to look at that map. Well, certainly charles first of all thank you for having me on, and it is not no secret and secondly, that map is not secret anymore. [laughter] the fact that they have it that it is out is good for the public to understa