Before rebounding to finish up almost 5 , recouping half of the losses from mondays 2,000 point selloff. Jim, remember when we couldnt get a 1 move la last 12 sessions, s p moved 3. 5. The market feels broken to me not a lot of liquidity many things happening at night youll see the Interest Rates go down at night. Then suddenly the s p is having a nightly session. We have to play by that tune i get it theres i want to say theres not panic. People want to get out if there were people, you would see endless downing endless down you could say buyers will come in i was listening to jim paulson before, he sees a lot that he would like i dont. You dont no. I like utilities i like the drug companies, i like the highest growth tech, teledoc. The rest sell to you people are buying Royal Caribbean right here as if its like a buying opportunity. A lot of people using the term buying opportunity, b. O. , for things no. No, to b. O. As you might expect, people are focusing on the credit markets and
Gone the worst week for the markets since the financial l crisis back in 08 and the quickest move from record high to correction a 10 drop in the history of the s p 500. Thank you and welcome to power lunch. Team coverage of this coronavirus induced sell off continues. Meg is breaking down the latest news on the outbreak bob is tracking the volatility Rick Santelli is in chicago watching the yield curve and Steve Liesman is here on the pressure facing jay powell and the fed. Meg . The virus has now reached more than 40 countries with total case numbers worldwide topping 82,500 and more than 2800 dead. The World Health Organization telling every country to be prepared, citing the virus quote pandemic potential that includes being able to detect cases early, isolate t m them, trace their cats and provide quality clinical care. Saying people need to have the right information, including what the disease looks like. In 90 of cases, its a fever and in 70 , a dry cough. Typically not a runny
Friday, amazon and more. And nothing to prove ford bowing out of a deal with the cyber truck as Worldwide Exchange begins right now good morning and welcome to Worldwide Exchange. Im dominic chu. It is wednesday, november 27, 2019 and one story that you will be talking about today, the astonishing finish to last nights duke and steven f. Austin basketball game, a big congratulations to the lumberjacks. They were i think a 27 point underdog knocking off the top team in the country. Congratulations. Stock futures indicating the dow will open up slightly higher again. It is coming off its 14th record close of the year. The s p seeing its 25th record close year to date stocks are now on pace for their best month since june. As you see here, the dow would open up about 70 points if the futures gains hold ten year note yields still hovering right around the 1. 74 mark you can see here a slight tick higher, 1. 741 the last trade there. Let us go worldwide. In the asian trade overnight w did s
It was a horrendous fire. Reporter leonard and his wife know all too well how quickly a fire can ignite. They lost their long time home two months ago in an electrical fire. We lost everything, everything, all our clothes, everything. The only thing we had was the clothes on our back. Were only one call away from a tragic event happening, so were on borrowed time. Reporter east Contra Costa County says theyre faced with so many fire emergencies they cant keep up. The Fire District covers 250 miles, more than 120,000 residents yet it has just three fire stations. Only nine firefighters are on duty at a time. At any given time when you call t 911 we have three resources working through a very dynamic system and they can be 10, 15, 20, to 25 minutes away. Reporter the Fire District is launching a Public Awareness campaign to let people know they need solutions. Residents will likely be asked to support a partial tax or assessment measure sometime next year. We are the poster child of an u
Negotiations with china. Mixed Economic Data as Consumer Confidence falls, but Housing Market remains mostly steady and disney rallying on two positive notes, which has helped them propel the dow higher. We are on record high watch once again for the major indices. Joining us for the hour, Barbara Duran from bd8 capital partners. Barbara, how do you feel as we sit at these record highs. Can we hold this momentum through the rest of the year i actually think we can normally, ive been very skeptical. I really thought we would just be in a trading range and unlikely to see new highs. But i think weve got one or two new highs left and its not just optimism over the china trade partially being resolved i think its also, unlike last year where people were rushing for the exits, i think this year, theyre rushing to get in, because youve got the performance issue. The market is up so strongly and i would suspect most active managers are underperforming here barbara is with us for the full firs