Up it is march 12, 2020 and Worldwide Exchange begins right now. Announcer this is cnbc breaking news, market selloff good morning, im Courtney Reagan live at the marketsite in times square this morning. Stock futures set to extend the selloff take a look at futures dow jones indicated lower by more than 1,100, s p down 130 and nasdaq more than 82 points testing these limit down numbers where we have a mechanism in place to keep us from falling further. Yesterday, the dow lost 1,400 points to close in bear market territory. Down more than 20 the s p 500 just above bear market levels. If the s p hits 2,709, it will be the fastest drop on record. We are set to hit that level at the open the 10year level trading below 1 at 0. 39 . The 30year at 1. 2 . Oil falling and hovering around 31 down almost 5 it is really not just red in the u. S. , it is red across the board around the world asia and europe is lower you see the nikkei off by more than 1 . Ftse 100 off by 5. 5. And President Trump
The most successful ceos on wall street and beyond busy. What one big box is telling analysts amid panic buying its friday, march 6, 2020 and Worldwide Exchange begins right now. Good morning welcome to the show. Joining me the entire hour, Citi Private Bank global strategist who will write down all of the headlines for us now to this mornings top stories and breaking news. Wall street is once again licking its wounds after a wild day of trading yesterday a wiswing of more than 3 . Just four days, up 1,300, up again. You can see the dow is indicated again down 515 points. It is important, weve seen about 200 points in deceleration levels all of this coming off yesterdays moves. All the major averages are in socalled correction territory those were record highs. Those moves are happening with the treasury yields and benchmark hitting its lowest level in history listen to what double lines told us yesterday i think we are pretty low right now. I think maybe well get to 80 basis points i