From the white house, Lauren Simonetti on markets and. Lauren with, dow down 1000 points we start with you. Lauren good news t was off the lows of the session. This is ugly. What a way to start off the new month and new quarter. The dow down 973 points. Broad selloff. President said it would be tough new weeks. Number of Coronavirus Infections in the utz top 200,000. If investors were spooked they got more spooked. Boeing, American Express by the way leading the losses on the dow today. Setting the tone this morning was the private employment number. You know what . It is an old number. It only counted half of march before the lockdowns in states throughout the country. That was a negative number. It sets us up for what well see tomorrow morning, Unemployment Benefits. Those numbers, Goldman Sachs is saying we could see 5. 5 Million People file for first time Unemployment Benefits tomorrow. Five 1 2 million on top of 3. 3 million we saw the week before. So that is an ugly part of the s
Your world in 90 seconds. Whether were locked in a room, washing our hands all the time, but our country has to get back to work. President trump wants businesses across america back up and running by easter sunday. Experts claim that could be too soon. You have to look at a date, but you have to be re flexible on a day by day, week by week basis. The Senate Reaches a deal on a stimulus package. This package will be the single largest main street Assistance Program in the history of the United States. Talks of a possible stimulus help the stock market surge 11 for its biggest oneday game since 1933. Cases continue to skyrocket in new york. Where we are today, you will be in three weeks or four weeks. We are your future. The second in line to the british throne, Prince Charles has tested positive for covid19. All that are you getting a bit of cabin fever . Maybe this is the time to work on your strict shots. Golf. Com has started t the playingthroughthe challenge. All that matters a fat
Your world in 90 seconds. Whether were locked in a room, washing our hands all the time, but our country has to get back to work. President trump wants businesses across america back up and running by easter sunday. Experts claim that could be too soon. You have to look at a date, but you have to be re flexible on a day by day, week by week basis. The Senate Reaches a deal on a stimulus package. This package will be the single largest main street Assistance Program in the history of the United States. Talks of a possible stimulus help the stock market surge 11 for its biggest oneday game since 1933. Cases continue to skyrocket in new york. Where we are today, you will be in three weeks or four weeks. We are your future. The second in line to the british throne, Prince Charles has tested positive for covid19. All that are you getting a bit of cabin fever . Maybe this is the time to work on your strict shots. Golf. Com has started t the playingthroughthe challenge. All that matters a fat
Coronavirus confirmed in the u. S. New york, new jersey and connecticut are banning all gathering over 50 people and closing dine in restaurants and bars following that recommendation from the cdc. U. S. Airlines are seeking 50 billion dollar in government assistance and if approved, it would be the industrys first broad bail out since after the september 11th attacks we have full Team Coverage this afternoon. Bob is monitoring conditions at the new york stock exchange. Rick is out at the cme watching the bond market. Bob, well begin with you. Third trading halt in the last six trading sessions. Thats this morning after the open 9 30 or so. 15 minutes the s p down 7 these trading halts have, at least, served to slow the markets down a little bit and do bit put a bit of a break on things well keep an eye on that. Were continuing to see this bifercation in the market. Health care and staples are out performing this has been the trend since thursday here. Market gainers, if you look at so
Were at post nine morgan and john have the morning off. Interesting setup here were approaching nasdaq 9 k very quickly tech, the best performing sector for the year hitting a fresh record high this morning joining us to day with his top picks in the sector for 2020 is our lead internet analyst. Mark, happy holidays good to see you. Good to see you, too. I want to get right to the large cap longs for next year. Uber is number one then you have two, three, four talk about it. Yeah. Im going to pitch it. Uber is the facebook its our facebook for 2020 it turned out of all the stocks, facebook is the best performer in 2019 because it whats so dislocated at the end of 2018. A lot of controversy around it i think thats exactly the setup or similar to the setup on uber now. We like it we think well see a clear path to profitability i think well see sustained growth in the ride sharing business and if they can fix that eats business, thats going to surge the outperformance and cause the outper