The moves in europe have been tremendous. A 58 basis point move upwards for the 10 year in italy. Moves. Re huge a big selloff in the bond market is not going to make the equity markets happy. You have limit down at one point for s p futures. The dollar keeps performing higher and higher. At some point, that is going to wind up crimping the Global Economy as well. To wrap it all into a neat bow, you have crude, the bottom falling out for that market. Goldman says they see brent coming to 20. Time now for global exchange. We are going to bring you todays market moving news from all around the world. From washington to new york, brussels, and london, our bloomberg voices are on the ground with this. Mornings top stories. The Trump Administration has promised a 1. 2 trillion dollar stimulus package, including to americans. Joining us is kevin cirilli. Where are we in getting this done . Kevin within the next week, i am told by sources. The president hasnt injected the treasury secretary S
Month. Regents financial down 18 just catastrophic week this is a week chicos down 43 the kohls. Gap down 28 these stocks have been cut 50 or more in the last couple of weeks. Utilities another sector look at plain old run of the mill electric power companies. Regulated e lelectric power company. Believe it or not, this is a calmer week than it has been in the prior three or four weeks. The volume is about 30 lower than prior weeks the intraday swings are two to three below. The vix is below 50. We were 80 three weeks ago guys, i take no solace in saying were down 2. 4 on the week. In terms of all the craziness we saw two and three weeks ago, this is calmer a month ago i would have thought myself crazy to say that but it is true. Back to you. I think you should try out the vest, bob, thanks. Lets get over to steve who is digging into this devastating payroll plunge as tons of americans are left without work during this pandemic kelly, i got to advise you and tyler to save your adjectiv
Activity as Economic Activity grinds to a halt here in the u. S. , the white house calling for half a trillion dollars in direct payments to taxpayers and says we could see bailouts for airlines, hotels, and cruise industries, all the sectors getting crushed in todays market and crude oil down a staggering 23 . Now trading just above 20 a barrel we have every angle covered for you. Bob pisani is on the floor of the New York Stock Exchange. Kayla is in washington with the response to lawmakers. And were covering the latest on the virus itself bob, first to you on another roller coaster ride today here at the Stock Exchange. We have a quiet morning i say relatively quiet, it was down 6 tach take a look at the s p i urge you to watch it emotionally. He said we need a 30spring break. This slow rollout of a shutdown is not working market dropped quickly to the lows of the day. We hit the Circuit Breaker at 12 50 eastern time, 15minute pause. We reopened. We have not dropped to the he second
Futures pointed to the loss of more than 400 points we saw oil rebound then finally, can you see the dow futures up treasury yields suddenly backing down a little after getting up 1. 2 on the 10year yesterday now getting to the latest. Yesterday, california issued a statewide order for california residents to stay home other states and cities are taking similar steps mack, is that coming here . We dont know at this point. Closing dinein restaurants, bars, clubs and gyms washington is working on programs to keep the economy afloat steve leaiesman is like the norh star hes here. Hes got the tie on. Eamon jafers no offense that you went tieless. You have some response on the fiscal stimulus as well. Maybe well get to talk about that great market timing of a couple of those senators too that is an important one. That really angers americans we had a couple of u. S. Senators exposed in the press yesterday for uncanny timing of selling stocks richard burr sold his stocks on february 13. Some
The sectors where you might want to hide out, each down by at least 4. 5 . Volumes down as well. Industrials, 106 above the industrial average in canada. Canadian stocks fell 10 on the day as the country recorded its first death from the coronavirus. Romaine european stocks flirting with the bear market. Of course, we had that big drop in crude. We know what sovereign bond yields are doing with the treasury yield. Scarlet everyone is looking for different technical levels, searching for any kind of hint. That is what Abigail Doolittle does so well. Abigail i want to start out with what stood out to me most. Capitulation, even though we are probably not close to a capitulation bottom. The dow transports in a bear market. Oil clearly in a bear market. The s p 500 down almost 19 . Hard to see the s p 500 not slip into a bear market. What the impact will be to the global economy. This is the chart that really, on this day, stands out the most the dow transports today did something it reall