Are buying oracle, modest selling, investors are buying oracle, modest selling and microsoft, i got that right. They are buying nvidia which is paying 40 billion to softbank for the arm holding, heres what we know it helps nvidia become a major player in advanced computing from the cloud and nvidia ceo the stock is up 31 a share, as per the election campaign, the contrast, the president took his message directly to Live Audience in western states and invited up a crowd in nevada, joe biden stayed home. After the ambush of two Police Officers in l. A. Biden issued a tweet condemning violence, trump called for the Death Penalty football, tom brady lost but football is back and despite the absence of crowd, the gate on time played well on tvp fight shots of the game piped in crowd noise, it worked for me, social justice activism was hardly apparent during the game itself but Colin Kaepernick did have something to say. You will find out what he had to say. We have a new shopping holiday, t
Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover
You can see 87 points. Bernie sanders is the front runner for the dems, does that mean that chance of broken convention are going up, democratic insider robert wolf will be here to game it all out for us, the deadly coronavirus playing havoc as the consumer economy chugs right along, oh, yeah, less than an hour to closing bell, im Ashley Webster in for liz claman; lets start the claman countdown. Ashley well, lets get some breaking news right at the top here, u. S. Jury on friday has found Michael Avenatti guilty in criminal trial accusing the celebrity lawyer of trying to extort nike out of millions of dollars and to defraud a youth basketball coach that he represented. The lawyer was all but unknown until 2 years ago when he began representing the adult film actress Stormy Daniels in lawsuits against President Trump and making hundreds of television appearances. Lets get back to stock news, smile direct club by the way plunging after an nbc news story that ran that listed complaints
Gop establishment over the weekend. And Hillary Clinton in response to a question about Harvey Weinstein says, quote, we have a Sexual Assaulter in the white house, unquote. And, oh, by the way, her foundation not return weinsteins 250,000 in donations. Well get into that. Big day as always for politics and money. Varney company is about to begin. Ashley but we begin this hour with some breaking news. At least seven people are now reported injured and one person is missing after an oil rig exploded last night in louisiana. Lauren simonetti joining us for three hours today. Whats the latest from louisiana . Look at that picture, ashley. This happened about dinner time last night. Lake ponte cher train upon cher train, basically, that oil rig exploded. They dont know exactly why right now. The thinking is cleaning chemicals on the platform caused the explosion. Either way, you have seven people injured, at least seven, five of them were hearing are in pretty bad condition, and theyre sea