Indonesia as well has been the laggard when it comes to its performance against the dollar. That is also seeing some decent gains. We are up 4. 5 . Yesterday, we saw a stunning rally, jumping the most in 20 years. May just be a technical rebound given how extreme the drop had been before. Brent and crude, we are still seeing some decent gains. We could be in a freefall given the shutdowns we have seen across the globe. Australia. Hing the only laggard today, down about 1. 5 . Still has been a stunning rebound. E. M. Having a good run. Jay powell has been reassuring americans the fed still has plenty of tools and plenty of tools to blunt the economic damage from the coronavirus. He is urging the house to pass the 2 trillion stimulus package. Kathleen hays is here with what happened today and what happens next. Is the stimulus package a one and done deal . It looks like it is going to pass. The Senate Passed it 960. The first vote was 4747. Finally, after days of backandforth, democrats
Good wednesday morning, welcome to squawk alley im Carl Quintanilla another busy day as our eyes, jon are peeled on the tape. Yes the market give and taketh away. This morning it takes. Dow down right now about 900 points and change. It has been down more than 1,000 rbcs mark and jeff join us now. Good morning, guys good morning. Good morning. So id like to start, mark, with what you do with the many calls that youve made already given this new environment that were in affected by the coronavirus and covid19 we can talk netflix, expedia, two different stocks in terms of how theyre being affected but perhaps illustrative of how investors need to look at their portfolios and how things could be affected. Lets look at netflix, you say its not recession proof but you believe its resistant why . So in the internet space, Consumer Internet space, ke extremes, the companies with the greatest exposures, troubles with their Business Models and the virus and recession, would be the travel compan
A. Full hour in traffic plummeted an entire continent into chaos and violence. This is the journey back into the history of slavery. I think we will truly be making progress when we all accept the used to have slavery as all of our history. Our documentary series slavery routes starts march 9th on g. W. Its the story that will go away from Consumer Behavior to market movements the coronavirus continues to dominate the world does not Ask Companies see profits wiped away no make this in the United States approves a plan to fight the ad break lets take a closer look at whats on the state. Also coming up try getting your hands on face box or how sometimes are in germany shelves are empty out shoppers for. Not anti some of the worlds most fairytale destinations are waking up to the reality of declining tourism from china. This instead of the business line Kate Ferguson welcome the u. S. House of representatives has approved a plan to spend more than 8000000000. 00 on fighting the coronaviru
Spending in france and switzerland neglect any of if january and twos, threes and fiveyears are measured in basis points the dow plummeting 3200 points in the week the worse since the crisis yesterday experienced the biggest oneday point drop ever, 1,109 points as we approach the end of the red february for stocks the dow is the weakest of the three major indices, down almost 9 monthtodate. Goldman again this morning, jim is saying they dont think this is over and that buying the dip is in their words riskier this time theres no doubt about it s theres a part of of the s p and its good to look at individual stocks here that are not buyable and if anything its involved with travel and leisure, autos, housing, because house something sl housing is slowing down and i dont thinkfed cut rates it would matter we do need to talk about something at the cooperman, and ive always talked about which is the algos are in charge i noticed this morning at 3 00, what am i doing up at 3 00 the bond Int
Or console the times are in germany shelves are empty out the shops for the 4th time to buy. On time some of the worlds most fairytale destinations are waking up to the reality of declining tourism from china. This is state of the business im Kate Ferguson welcome the u. S. House of representatives has approved a plan to spend more than 8000000000. 00 on fighting the coronavirus a large portion of the funds will be spent on Vaccine Research a further 430000000. 00 will go on overseas aid meanwhile the International Monetary fund has pledged 50000000000. 00 for countries hit by the epidemic its managing director says the situation is serious. The impact and then we have more dyess in our use we are considering unfortunately we have moved in the territory of this more. We also know that we have a sound Financial System much more resilient than it was before the Global Financial crisis. And one industry thats really feeling the pinch at the moment is aviation earlier love tons honest it w