Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
Quite a bit now. Its big ramifications for the reelection campaign, as well. A 7. 8 down 1660 when it was halted we have had 1,000moves for 7 straight sessions. Lets get more on everything going on bob pisani at the New York Stock Exchange bob . Our fourth trading halt, a circuit breaker. Down 7 . The fourth one in two weeks here look at the markets here 2351, very important number. The old december 24, 2018, low technicals not much good to anybody these days we are sitting right on top of that again, just want to review the Circuit Breakers level one, we halt 7 . We halt 15 minutes so well reopen in about ten minutes or so. If that happens again, theres no stopping at 7 . The next one is 13 . Thats until 3 25 and then there is no trading halt after 3 25 p. M. Eastern time unless you drop 20 in terms of whats bothering the market, ill put up a chart to explain everything everythings down. So here you see Corporate Bonds down here you see the s p 500, equities down. Here you see croude
In what minority leader Chuck Schumer called the largest rescue package in american history. Boeing and the Airlines Getting a huge lift on the back of that stimulus package with some names up 20 or more and treasury yields pulling back today with onemonth and threemonth yields in negative territory for the First Time Since 2015 weve got a great lineup of guests for you today including two key players in the global food chain the ceo of yum brands, they own cfl, pizza hut, and taco bell, keeps some open for pickup and delivery the ceo of mondelez, the steps his company is taking for his workers to keep that food on the shelves. Lets focus in on the big stories we are watching today. Mark santoli is tracking the market but kayla has the latest details on the massive stimulus package and when we can expect it to actually pass. Sara, the text of the legislation was circulated around 10 00 this morning before republicans and then democrats in the senate held respective calls with the treas
Need to accept the world has changed and we need to change with it. From now on when we come in on monday, were not going to be focus on sales or earnings of companies but Coronavirus Infections and fay fatalities. These days, the pandemic controls the dow gained, nasdaq jumped 9. 35 . Yes, those are not mistakes. All have been an extremely oversold position, 2. 78 yield for the dow. Until this virus is contained or cured or just naturally levels out, you should expect much of this gain to be repealed, more selling and if we dont get the fiscal help needed to improve the rudiments of our Service Based economy, i think today is going to end up being a good day to sell. And it already happened, maybe monday lets be real. We cant sustain a meaningful rally, until we have the covid19 situation under control. And we cant get things under control without test kits and antibody medicine that triumphs over the scourge there are two paradigms south korea which is doing it right. Right. We have
How worried should you be . Nine Business Days ago, the legendary Warren Buffett talked on cnbc about the greatest of america and the power of longterm investing. He explained stocks were still the best assets. He pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, youre up big now. But since buffett made that call two weeks ago, the s p 500 is down roughly 10 , thanks in part to another brutal session where the dow plunged 970 points the s p plummeted 3. 93 and the nasdaq nosedived 0. 10 . Buffett always says you should be fearful when others are greedy and be greedy when others are fearful. He publish an oped buy american, i am as the oracle explained, and i quote, i havent the famous idea as to whether stocks will be higher or lower a month or a year from now. What is likely is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up so if you wait for the robins, spring wi