To try to get there first and that sort of thing so im hopeful we will very much try to learn as much as possible from that facility and from all the other ones too we have a lot to learn here. So well certainly be trying to do that. In terms of fiscal concern, so, you know, for many years ive been before the fed i have longtime been an advocate for the need for the United States to return a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time, which just means that the debt is growing faster than the economy this is not the time to act on those concerns this is the time to use the great fiscal power of the United States to do what we can to support the economy and try to get through this with as little damage to the longerrun productive capacity the economy has possible the time will come, again, and reasonably soon, i think, where we can think about a longterm way to get our fiscal house in order, and we absolutely need to do
Today were seeing that loosen up. We really see a world where the founder was my guest a few there are managed liquidity or weeks ago. The companys stock priced at 39 cash programs. Companies need to manage that. Above expectation and rose we think that technology and global relationships help them steadily throughout the day. Manage that. Silicon Valley Companies are for a company like peloton marching toward ipo even as we before it files to go public, worry about the days ahead. When we hear theyre about to go public, its because katie roof we have the ceo of forge, which wrote about it in the wall allows employees of private companies to sell shares before street journal. The company goes public. But youve got access to data in these companies, buying, and selling and pricing. Is there some sort of lets start with this idea of information in what youre able these companies that are not yet public that are so big. To see doesnt have to be give me a list. Peloton, in any company in w
Dominate bonds surging, yields making new record lows today as the tenyear fell below 0. 9 opec backed the biggers cut, dependent on russias approval is thats all to come. Joining us for the first full hour, stover any link. Interesting to me, though. Week to date, only three sectors are in the red week to date the s p is up a couple . Today was basically just within yesterdays range. It is the market finding out to whats notable, though is the cyclical areas of the market getting brutally hit so were essentially pricing in a steeper slowdown today its not really just oh, the big tech stocks that were up what do you do on a day like today . Stay calm. The day to day action is taggers. What the implication is, earnings to the conomy, we cant model out that none of that so im looking at copper, looking at the tenyear. Im going to feel better im kind of quality upping my portfolio. I bought united last week. We talked about 300 to 250, nike 104 down to 85 with a 5. 1 dividend yield. And i
I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. Thats the latest on the market action. Now the latest
Freezing hiring sending their shares lower peugeot gives a soft outlook. The tie up is on the right move. This is not a merger on the crisis mode. This is two Mature Companies they know the challenges ahead are very significant and will be in a better shape coming together as we mentioned, the dow has suffered the twoday point loss wiped 1. 7 trillion off the s p this follows the fact that u. S. Authorities warn a pandemic is likely they told americans to prepare for, quote, Community Spread of the infection. The transport sector had its worse day. Energy and tech more than 10 off recent highs tech off a record close one week ago across the major indices were much higher than average. We look at what is looking likely all three of those at the moment looking to trade down at that market open. As investors took money out, they were looking for safe havens which says u. S. Treasuries were in the yield hitting an alltime low. The 30year as well. Just know that investors did flee those in