Record highs that has the nasdaq setting a record as well better than expected home sales in the u. S strong activity numbers out of europe as well uk, australia to name but a few. Were up, sarah, nearly 1 on the s p 500. Ahead on todays show, a big first on cnbc interview with howard marks fresh off his latest memo. He said the odds are not in investors favor and whether he sees any opportunities right now in the market plushgs connecticut has certainly seen an encouraging dropoff in coronavirus numbers of late. Well ask governor lamont about his advice for states like florida, arizona and texas that are seeing their cases swell and how hes trying to keep those cases out of his state lets focus in on the big stories were watching mike santoli tracking todays rally. Meg terrell has the highlights from Anthony Faucis congressional testimony and phil lebeau is covering another volatile session with the Airlines Start us off with the Broader Market on the three month anniversary of the ma
On jobs numbers. More than 2 million jobs in the month of april. We will bring you the numbers as soon as they hit. Key of getting america back to work, search for treatment. Paul hudson will join me live at 7 10 a. M. Eastern to find out how they can be used as treatment and at home tests coming up. 7 30 this morning, and disney 1. 4 billion hit from the coronavirus. Entertainment giant saying the pandemic would impart part of its business for the foreseeable future. Take a look. Futures indicating at the start of trading this morning, better than 200 . S p is up 25, nasdaq up 78 after u. S. Markets posted second straight day of gains yesterday. The dow, nasdaq, s p 500 up 28 from lows on march 23rd, mornings with maria is live right now. Maria Global Market this is morning have a firmer tone. Take a look at european indices searching for some direction but strength in the ftse 100 in london, cac quarante in paris is down a fraction but the dax index is higher by 30 points. European u
Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning once again, it is back above 1 . Tenure now sitting at 1. 8 that is up ten and a half basis points. The coronavir
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the
Dutyfree. Sounds a lot like falling stock prices, doesnt it the averages started strong. But after the news broke the dow ended up plunging 281 points s p plummeted. 90 , the nasdaq fell 1 . One fell swoop, President Trump has given the hard liners exactly what they want if you import goods from china, hes making you pay, no exceptions that includes the iphone no wonder apples stock reversed it went from up big to just, well, ugly because its the most visible importer suddenly everything either they need to eat the tariffs or they need to make their phones even more expensive relative to samsung, which does its manufacturing in south korea can you imagine, the outcome of this is that samsung is the winner but apple is one example out of many i used it because its so in your face. The president figures hes given American Companies enough time to get out of china, roughly a year and a half sins aluminum and steel and change sourcing. Thats up to them. The reaction was so negative the yie