Fed chair is currently testifying to the house ways and means committee. Whether it is eu in china or the u. S. In china, we will break that down. We will have exclusive interviews with the erickson ceo. The main story continues to be the fed. The pandemic may threaten the stability of longterm Inflation Expectations. That was according to the vice chair yesterday. I judge that measures of longerterm inflection Inflation Expectations were at the downturn at the lower end of the range that i consider consistent with our 2 inflation objective. Given the likely downturn, we are at risk of falling below that range. Us now is blackrock system medical systematic portfolio manager. What does that mean if we fall sustainably below that range . That is where we are today. This is a huge shock. It is a huge shock across both sides of the economy. That has been met with less price inflation. We have seen the impact across price commodities. We have seen it yesterday with retail sales in recovery
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Venezuela shipments from iran are on the way but theres the threat of a showdown with the u. S. And the drive to attract tourists back to one of the worlds most visited cities there are safety concerns. And sport the head of cattle is World Cup Organizing Committee values to keep the event affordable for found us and all the while he says not pricing out supporters has become more important due to the Economic Impact of coronavirus. Now there are reports that the Chinese Government plans to introduce National Security laws in hong kong following months of mass protests against beijing there and this all comes as chinas biggest political gathering of the kicks off in beijing the opening session of the top political advisory body comes a day ahead of the National Peoples congress for more on this lets cross live now to our correspondent katrina you shes in beijing katrina this is a hugely controversial legislation remember back in 2003 the last time it was on the table it brought a 10000
Train 25 01 a. M. In new york. Wednesday, february 21st. Good morning and Cheryl Casone. Ashley lowcarb 1 00 p. M. Could have Ashley Webster in for lauren simonetti. I had a shirt and jeans on when i came in this morning. It is like early spring, early summer. Beautiful. Crazy. Cheryl we had the open of the markets yesterday and of course we went down. And down. A nice little selloff yesterday afternoon. Another day of volatile trading. The dow jones more than 260 points and snapped a six session winning streak for the dow and s p 500. It is just the appetizer or main course of falling stocks. Cofounder flynns Capital Management is here. Jason garcia met, cofounder of hail investing. Good morning. Good morning. Train to another rough day for the markets. The name of the game right now is inflation and what the Federal Reserve will do. We look at the market of clarity do you think . I think elegant clarity as he talked about on this program at the beginning of the year. Inflation and In
Dodge into the metro, and we are only expecting about an inch total of accumulation, but it is enough snow aligned with the wind to create whiteout conditions across the countryside, even in the metro. A White Knuckle commute for the shore for sure. Eric you will want to use both hands on the Steering Wheel this morning. An overnight blizzard warning means some parts of iowa are waking up to messy roads. Take a look at all of the colors on the screen. Heres the latest look at 511ia. Org. Blue means partially covered in snow or ice, pink is completely covered. City. That means travel is not advised. Be aware as you are heading out this morning. The big story this morning, theres a new super bowl champion. The Denver Broncos took down the Carolina Panthers last night here on kcci, final score 2410. Elizabeth it really came down to defense. Nfl mvp cam newton was shut down kccis scott reister was there in santa clara for the big game. Scott it was a great matchup, the number one offense t