Works ceo will be joining him along with other content and we are out of time, from myself and tyler matheson, mike santoli has you on the other side. Stocks surge as Congress Says that help is on the way when thats still the question. Good evening and welcome to cnbcs continued coverage of markets and the economy in turmoil. I am brian sullivan. In a year of firsts it was another recordbreaking day on wall street. The dow soaring 2,112 points, thats its biggest point gain ever and the first time the index has risen more than 2,000. That move translates into an 11. 37 gain making it the largest climb and the biggest since 1933 on this as they close on a massive package for the American People that could be in the trillions of dollars and well have much more on that coming up and first, lets get to the markets and the money on another wild and record breaking day on wall street we begin with bill nygree in. We need to hear from you on a night like this. These are the machines coming in
Started arresting protestors ahead of the Third Straight weekend of protests in Hong Kong Shanghai composite finishing the day in red european european equities here we are higher across the board german dax is up by almost 1 and almost 1 gains in france as well as for treasury yields, amazing to think that the ten year yield was at a three year low earlier this weekend 1. 443 were now at 1. 526 with the two year 1. 544 so the inversion remains exact. A new journal piece says that states attorney generals are taking issue with that proposed opioid deal with purdue. It will settle with a 2 billion settlement it will link much of that with future sales of oxycontin. Some states want the family itself to guarantee a larger cash payment up front. Others didnt like parts of the plan that calls for purdue to claim bankruptcy and emerge as a Public Benefit company theyll ask for an update today about where negotiations stand, he said he wants at least 35 states on board although a deal can mo
And they believe they can do the same. Earn unlimited 1. 5 cash back on every purchase with the chase ink business unlimited card. Make more of whats yours. Morning. Thanks so much for joining us this morning. I am maria bartiromo. I hope you are having a good tuesday morning. It istude march 12, 8 00 a. M. On east hot topic of the hour former special counsel robert hur testifying in front of the House Judiciary Committee day reigniting questions about president ial biden pogs mental acuity in face of classified document scandal fox business Hillary Vaughn live on compile with more good morning. Good morning, maria. Well robert hur special counsel report under a microscope as republicans are hoping to dig up more details about the president s mental state and willful retention of classified information. His you know position on biden mental state is, obviously, front and center. We got a lot of questions which documentaries mishandled the focus of our questions. Hur resigned as special
Surprise profit and Record Services revenue, but says weakness in pc and ipad could continue to drag down sales. And amazon shares rallying after reporting blowout profits beating on sales and the company issuing optimistic guidance as well interesting internals in the jobs report this morning 187,000. Unemployment, 3. 5 average Hourly Earnings, a touch hot, but the workweek shrank, mike, so total weekly pay, below expectations i think it all nets out to consistent with a slowing but still tight labor market and a relatively soft landing for the economy. You did have those downward revisions, so decelerating but also lower Unemployment Rate implies just not a huge supply of idle workers to draw from here the main market kind of bank shot on this is what does it mean for treasury yields thats been the story all week you have had longer term yields really going higher, not much because of repricing what the fed is going to do, but just in general, a lot of dynamics pushing in that direct
Lynch. Thats a mouthful, they are under the same umbrella. Talking about the money pouring into the market. Individual money in the latest week, a record 33. 2 billion in the stockbased funds. That is through wednesday. I guess they do it that way. To put that in perspective, stepping back, 278 billion for all of 2017. If you were to maintain that pace and it were to continue to go at that frenetic pace, the gist of the merrill report is things would be looking frothy. Now theyve been saying that for many years, you could go back to a few years into the bull market that celebrates its nineyear anniversary in march. But among some of the things out there, and a big disappointment for me was starbucks. They were very high at holiday sales and a lot of that had to do with dismissing the pumpkin latte. [ laughter ] moving the peppermint latte to the front of the line, and i warned the baristas here, locally, i said youre giving up the cash cow, they said what do you want . And that was it.