But did bern knee pull biden too far to the left . Well react. It is monday march 16th. Fbn am starts right now. Cheryl here we go, welcome to fbn am and good morning everyone. Im cheryl casone. Lauren good morning to you at home youre like lie watch withing from home not the gym not work this morning thank you for joining us im lauren simonetti. Cheryl lets take a look after feds dramatic move late yesterday. They cut rates, and they agreed to 700 billion in bonds purchases e mostly treasure reis. Some of those mortgage back securities were limitedded down overnooght for the s p and nasdaq right now dow down and s p down 128 and half nasdaq is is down 3. 59. 75 and cannot go below 5 and remember, though, folks dow had biggest one day surge since 2008. This is volatility. Lauren take a look at the ten year treasury how pan pick investors are really down, 7 . Cheryl on fed moves we saw oil go briefly below 30 a barrel overnite right now were at 30. 10. But thats selloff 5 for oil this i
Gonna happen in the city. Be with my girl, shes so pretty. Lauren i think everybody has friday on their minds today. Welcome to fbn a. M. Im lauren simonetti. Cheryl glad its friday. That is for sure. What a week. Good morning, everyone. Im cheryl casone. Lauren you know what, the selling is not over yet. Take a look at how your money is moving this morning. Just to remind you, we had the biggest point declines ever yesterday, the dow and s p in correction territory. This morning, dow is down another 450 points, s p down 51, nasdaq down 165. Everybodys looking for the bottom of this market. Cheryl we had a major selloff in oil yesterday. Take a look at that right now. That selling is continuing. Look at oil right now, down almost 4 , again, the concern if youve got a global recession on your hands, you are going to see crude demand fall and that is what were seeing in that contract. Whats interesting here is gold is actually down about three quarters of a percent. We had seen gold risi
Ill admit, im just the same as i was. Now, dont you understand. That im never changing who i am. Cheryl we are here, welcome to fbn a. M. Good morning everyone. Im cheryl. Lauren good morning. Welcome. Im lauren simonetti. Cheryl all right. Lets take a look at how your money is doing this morning. Lets take another look at futures. Its been a week, right. Another loss for the dow and s p yesterday, both down five days in a row. Right now, we do have more red arrows. The dow was down 400 overnight. This is an improvement. The dow is down 133, s p down 16, nasdaq is down 42. By the way, a lot of retailers reporting before the bell. We have best buy, jc penney to mix it up today. Lauren its a coronavirus driven market. The price of oil is at 47, 93. Down almost 2 right now. Gold of course flight to safety, at 1648 an ounce, a gain of 5. Goldman sachs sees gold topping 1800 in the next three months. Cheryl we have seen a flight to safety into treasuries. Right now the yield is actually dow