Indication of yesterdays rally. Dow futures up 121 points. Thats half 1 , s p futures up 13 and nasdaq up 24. Dow on track for worst quarter since 1987, s p 500 having worst quarter since 2008. Speaker nancy pelosi looking for a phase 4 coronavirus package calling for Infrastructure Spending now and more money sent directly to americans. Major retailers furloughing staff as Stores Remain closed, macys, stores, the gap, cutting payroll impacts hundreds of workers. Unemployment rate could top 32 . Mornings with maria live right now. We want to check Global Market this is morning. Last day of the First Quarter in europe, green across the board. Dax index in germany higher by 200 points. World Health Organization says there are signs the coronavirus may be approaching a peak in europe. In asia meanwhile markets were mixed, take a look at the numbers on asian markets, best performer there korea up better than 2 although japan was down 1 . China says factory activity is growing, purchasing M
So much for social distancing. You are watching cnbc. Good morning and welcome we are live and waking up to another day of potential losses for major averages stock futures now pointing to modest declines from a relative perspective. The dow jones opened down 244 points, nasdaq down implied 77 points that is much more than normal. This after the wall Street Market staged a rally yesterday for the dow. Major averages on pace for the third down week of the last four checking the treasury side of things, we are seeing movement for the bond and notes higher to. 227 10year at. 61 . Oil on a wild ride it had been lower Early Morning but ralied after news after a meeting on monday by Conference Call to discuss cuts President Trump meets with Top Energy Executives at the white house today. Full details on that summit at the white house coming up. Global Team Coverage dan murphy is in singapore Geoff Cutmore is in london, nbcs tracie potts with the latest out of washington and Frank Holland wit
Nation and world. We praise you that your plans succeed and your precepts are sure. Lord, you know our thoughts before we think them. Encourage our lawmakers to do your will. Give them the wisdom to totally depend upon your unfailing love, remembering that unless you help them they labor in vain. Lord, when doubts fill their minds, provide them with the renewed hope in the ultimate triumph of your purposes. We pray in your strong name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president . The presiding officer the senator from iowa is recognized. Mr. Grassley i would like to have one minute for morning business. The presiding officer without objection. Mr. Grassley thirty years ago today, the freely elected parliament of lithuania declared the restorati
Recession. The dow down lost 2,400 points in three weeks and 1. 2 away from wiping out all of last years gains most other indexes already have. Your team of fast money traders to want steve grasso brian kelly, Karen Finerman and guy adami. Im Brian Sullivan guy, i dont like to use this word but is part of this market, investors, panicking no. Again, panic is the wrong word we are within 7 or 8 of alltime high. If people sold stocks given where we were is that panic . The speed things are moving is scary. I dont suggest its panic i dont think youve seen panic. And frankly the job isnt to stoke the flames of the panics its not the job to assuage concerns its our job to tell you what we nifrpg is going on with the vix at this level given the fact that people are not traveling, not going to games, schools closing, thats a fact now we talked about it last night. Thats having a huge effect on the economy and the subsequent kwekt effect on the market ill say this again, i think steve agrees,
Was. Called. Arrested for corruption we are. Actually the way forward to solve africas energy crisis. Production instead of 20000000. 00. Backers. And french president obama travels to west africa to discuss the future of the save our currency. Should it. Come to business. Africa your updates on todays african and Global Business news here on the us welcome. South African Police have arrested 2 former executive at embattled power utility eskom theyre charged with fraud corruption and Money Laundering in connection with new power plants that are supposed to alleviate the countrys electricity problems south africas grid nearly collapsed in 2008 and eskom has had to enforce rolling blackouts ever since in a bid to relieve pressure it is causing chaos for the country and the economy the contracts involved in the allegations are worth around 50000000. 00. But africa has the worlds slowest electrification rate in an unstable pas applies constantly hampering businesses all over the continent