Average stock down 6 . It has been one portion of this market which is absolutely ripped through 2020. Lisa are we at the phase of recovery where you can go into more cyclicals, given the fact that you saw a bit of an increase in treasury yields . Treasury yields coming back down today. We are going to be getting data, though, i date 30. One thing i am at 8 30. One thing i am watching is the jobless claims, still expected to come in at over one million americans in the past week, even though it is expected to come down. A. M. Aen 40 5 10 45 a. M. Conference from Speaker Pelosi on the road to nowhere. Each week that this goes on is more pain. Selling 26, u. S. Billion of 30 year notes. Strong demand all around, which has given investors some comfort that the bid isnt going to dry out. Jonathan starting with equities, equity futures this morning looking like this on the s p 500, against a bond market that is doing ok. On thefutures unchanged s p 500. In the market, in the bond market, a
But how exactly can they get that done . We speak with former ge vice chairman bob lutz in a moment. It and cnbcs coverage of the coronaVirus Outbreak begins right now. Good morning and welcome, im Courtney Reagan live in times square we begin with breaking news. Stocks set to fall at the open at futures overnight hitting their limit down levels once again. We are well off the session lows at the moment. Dow jones industrial average indicated lower to the tune of 1100 points, the nasdaq down by 213 points lets check in on the etfs that track the major averages remember, these are not subject to those limit downs the dow etf is indicating a drop of 3. 75 the spy down by 3 the qqq, that tracks the nasdaq, down by almost 3 . Lets take a look at whats going on in the fixed income market and take a look at treasuries this is a closely watched barometer of everything going on with the economy and the markets. The yield on the tenyear note is sitting at 0. 38 . A rough morning in energy. Gaso
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the Global Market its a shortened day on wall street today markets closing at 1 00 p. M. Eastern time two days ago the dow and s p slightly lower the nasdaq slightly higher markets were closed state side yesterday. We are expecting to open flat. The nasdaq and s p just above the flat line with the dow fractionally lower lets look at markets around the rest of the world. Asia is the focus this weekend yesterday in particular we saw the biggest selloff for the smaller cap shenzhen index in china for three years. The shanghai index was down 2 an important day of Standing Firm off the back of that today. Shanghai is flat the rest of asia positive. This ongoing issue in china of late is focused on the government cracking down on various measures including trying to frighten Credit Conditions that led to a spike in bond yields particularly further down the curve. People have been focusing on that the sel
Is not often the way we end. On thursday and friday you werent here thursday and friday no. It continued. The bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. We made back about twothirds of the losses. If we were to close down over 200 today, the dow would fall under 25,000 so were back to 25,200 again. The art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the tenyear. Youll look at that later. That 2. 6 or 3. 0. What did he say he said thats the question 3. 0 is more likely. In asia, some markets are still out now. They have been closed because of the Lunar New Year the nikkei down by 1 . The hang seng down by 0. 78 . In europe, many of the markets are mixed. The dax is flat. Cac is up 0. 2 the ftse down by a quarter percentage point if you get to treasury yields, the tenyear is what weve been watching just below 2. 91. Home depot just out with quarterly numbers. Retailer reporting
Hey, you, yeah, you, right there, put the phone down. Power lunch starts right now the dow lower, you can see it off about 1. 60 ge falling again the transports as a group seeing some selling too that group don as well is this a sign of concern goingforward . Viva mexico, the dollar dropping against the peso the biggest stock, now up 18 since that election. Two big consumer stocks on the move state side, chipotle, dropping to its lowest level in five years, and underarmor down again, the c class, that stock trading at its lowest levels since being spun out heres what else is happening at this hour new home sales jumping to their highest level. Soaring almost 19 from a year ago. Durable good orders also rising 2 last month. That was well above expectations, Royal Caribbean says its cruise ships are returning to two ports tyler . Thanks very much. Tyler math isen here, for our net net summit new Way Companies are leveraging rapid change, using technology to fuel growth joining me today,