That they short. This is a startling development in a battle that has taken it to washington as both sides are preparing to meet the politicians who have it out to regulate wall street. Welcome, everybody. Im neil cavuto. This is your world. And in case those big hedge funds were looking for trouble, well, they found it for themselves. Because theyre going to put up quite a stink, quite a fight that theyre no ones tool, capitalist or otherwise. Charlie gasparino has more. Whats happening here . Neil, the speculation in these stocks has farranging implications. The markets are going nuts. The stocks are up and town. Gamestop is down dramatically. Somehow the focus get on hedge funds following comments by massachusetts senator Elizabeth Warren who thought this was a good time to crack down on hedge funds. She seems to have some support in congress, and some republicans. The Hedge Fund Business is fighting back. Theyre worried about restrict Tiff Measures from congress that curtails what
Good morning welcome, im Courtney Reagan in for Brian Sullivan what a day it is shaping up to be again today, but looking different than what we saw on monday well kick off this morning with a tuesday turnaround dow futures are pointing higher indicated higher by more than 900 points 920 points at this moment. The s p 500 indicated higher by more than 104 points and the nasdaq up by 323 points. We have a lot of hours left until the opening bell sounds but this is come after the worst day for stocks with the dow falling more than 2,000 points in a single day. The selloff triggering the first halt to u. S. Trading in 20 years. As it stands right now, all the major averages are in correction the dow transports and the russell are in bear market territory down more than 20 from recent 52 week highs. Same thing goes for energy financials, industrials, materials and tech all those sectors also in that same boat bonds are hovering off the low, ten year is back above energy pouncing back after
Points. As the pathogen makes its first appearance in new multiple countries and at this hour, on the canary islands, where 1,000 people are on lockdown at a luxury hotel, the centers for Disease Control saying an outbreak of the deadly virus in america is now quote, inevitable. Health and Human Services secretary alex azar warning we do not have enough masks and ventilators to handle an outbreak. Coming up, medical experts and reporters are at the ready to handle every breaking angle. The surprise chinese stock thats spiking right now, the two u. S. Banks telling their employees to stay away from italy, and talk that the olympics could be canceled. Less than an hour to the closing bell in this final hour. Lets start the claman countdown. Liz we have this breaking news thats not getting enough attention. We are going to give it attention. Even as u. S. Airlines shut down service to china, look at the dow jones transportation average which includes airlines, railroads from norfolk and K
Points. We thought it would be a huge bounceback day, it might be, you never know but another point as the intraday of the dow we actually went negative. Were back up 120. Up and down we go. Deirdre bolton trying to keep track of it all. Joins us from the new york stock exchange. Like im on a ham sister wheel, connell. We had 950 point gain. When Vp Mike Pence said essentially every american will be covered for coronavirus testing. You saw, that, that is where viewers can see a little bit after green, kind of blip up on the dow. Were still nowhere near where we were at the highs of the session. Let me tell you what is moving markets at least by group. The groups that are supporting whatever rallies you are seeing. You have info tech. You have Financial Companies and industrials. Now on the other side with really weighing on the market, utilities, Consumer Staples and energy which is a little bit interesting, because out of the gate this morning, connell, energy, they were the superstar
Buildout a social media army in california. Hiring hundreds willing to spread the word about his campaign. California is a big prize up for grab on super tuesday, representing 30 of the delegates up for grabs on march the 3rd. You will hear this over and over hammered on the stage tonight, that mayor bloomberg is looking to buy the democrat nomination. A different stance from his position 10 years ago when he was a republican an mayor of new york, selling financial extensive data to wall street traders. Now his wall street plan is more liberal and more left. What about the. 1 transaction tax . That would raise 770 billion according to the congressional joint tax committee. For 1000 transaction stock purchase you will 11dollar tax. Less than what Bernie Sanders is proposing, a half of a percent on stock trades. He wants to merge fannie and freddie. Lenders carry more reserves and volcker rule and tougher banking regulations. Were looking at his past stances if we can bring it up. Before