59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
Good morning im Frank Holland in for Brian Sullivan here is how your stocks are shaping up the dow is open, the s p up about three. Nasdaq implied open up about 35 points still on pace for the broader losing streak. Closing down more than 1 with amazon closing down two and a quarter percent. The russell 2000 up more than 3 since monday where its best Weekly Performance since august 8. Perhaps a rotation on the way. More on that coming up first, we have to check the stock of the week. Thats snowflake after the surge of trading on wednesday, the stock was down 26 yesterday and on track for more losses this morning that stock down about a percent and a half well continue to watch those shares checking action around the globe, matt taylor in singapore and karen tso in london. A fairly lack luster week in the markets. We did modest gains coming through. We did see weakness when it comes to australia or new zealand. It was a lateday rally ending up more than 2 . You were talking about the na
Original projection of 100,000, 200,000 deaths it looks like our mitigation efforts like social distancing might be working the turn around in less than a week is sudden, especially when the death toll keeps surge being, said were making progress against the pandemic. S p gained 3. 4 . Nasdaq climbed 2. 8 . People are betting on some return of normalcy perhaps as as soon as next month maybe thats when america could be open for business i have been a whole time big believer in dr. Fauci. Ive been a believer since he turned hiv from a death sentence to a manageable lifelong condition, something that seemed inconceivable in the 80s. Its hard to see fauci be more optimistic about the battle against covid19 lets be clear he didnt say we could stop doing social distancing. He serm certainly didnt say wel go start having parties. He said, quote, now is not the time to pull back, its the time to intensify thats the caveat. We should be proud of what were doing and mitigate and keep the pressur
Once again this morning, for medical professionals we will use 202 7488002. If you would like to text us, that is 202 7488003. Just make sure that you include your name and where you are texting from. On twitter we are at cspan wj. You can also post your comments on facebook. You may have seen a moment ago the tracker that we are following, the johns Hop University tractor, cases at 609,000. Confirmed deaths, 26,059. Worldwide cases are just about 2 million now. The number that you see here, 7905 deaths in new york city, Scott Gottlieb tweeting this morning about that with a chart saying that the positivity rates of new daily tests in new york are showing signs of a gradual decline, but still very high. This is one data point to watch to gauge the direction of the new york epidemic. A different with story, the New York Times, reporting that a review among passedk city deaths has 10,000, new york city, already a world epicenter of the coronavirus out rake, sharply increasing its death t
Begin to open questions about what does that mean, what are the risks inherent in that absolutely, rick, this is an issue that markets are paying attention to but again, both the commercial paper funding, if we get a facility, a similar way of trying to provide liquidity to markets and make sure companies can keep the doors open would certainly be steps forward to make sure that corporate sector doesnt experience too much stress as a result of this excellent thank you for your thoughts. Were running light on time and we will have you back as this proce progresses back to you. Good tuesday morning. Im Carl Quintanilla here at post nine of the new york stock exchange, Morgan Brennan at headquarters, jon fortt heads our coverage from the floor of the nyse compared to yesterday, relatively stable action no Circuit Breakers taken today, did lose 20 k briefly. Lets get to bob pisani. Not only is it a no, sir cut breakers but the volume is lower and the key event this week is going to be the