Reportedly uncovering Quality Control concerns at eli lilly plant set to manufacture its covid antibody treatment and apple debuts the new 5g phone line speedier devices, also coming with an even heftier price tag carl, back over to you. All right jim, on the banks this morning, conversation once again about loss provisions. Also about bond trading at goldman. I dont think it is just bond trading. I think goldman did a remarkable job taking some share, which i say remarkable because imagine youre at home, zooming and taking sharefrom others. I do believe that goldmans back to its old ways which is that it is a dry cleaner it doesnt have any risk remember, dry cleaner, what do we do with the dry cleaner give them our clothes and pick them up and they make money. That has been the goldman way until a couple of years where i think it got wayward where it became much more about, hey, lets invest in this, invest in that, no, to me, what theyre investing in, that i really like, theyre invest
Record high in history. The dow, nasdaq and s p having worst week since october of 2008 at the height of the financial crisis. Checking on Global Market action, pmi out earlier, below 50, but that was up from 47. 9 in last month and we have losses across the board. The biggest loser there is the ftse 100 in england, down 2. 6 . Checking asian markets overnight, chinas manufacturing getting slammed by the coronavirus. Private measuring of Manufacturing Activity released monday record low for february. 40. 3 reading in february. The lowers since the survey started in april 2004. Nevertheless asian markets are close but agreeing across the board. Hong kong retail sales fell 21. 4 year over year, 12month of declines. Could led to worse number for february. Market rebound in asia. All eyes on the coronavirus. Two deaths now reported in the United States due to that virus. Cheryl casone has the details, cheryl. Cheryl thats right, dagen, Washington State has confirmed the second coronavirus
Apple will build 80 million iphone 6 before christmas. They have bigger screens, which are popular in china. And happy first birthday to Prince George. Varney company is about to begin. Stuart i promise we will bring you clarity on the major defeat for obamacare in just a few minutes, technical, legal thing but it is a bombshell for obamacare. Full clarity moments from now. Check the big board, up 67 points, 17,118. Crisis in ukraine, crisis in gaza, flooded with illegals . The market close to the record level, the patent is holding. Quick selloff on the news, a rebound perhaps new highs. S p 500 a Broader Market indicator nicely higher, 11 points up there. For the 10year treasury, the price of gold down this morning 1307. That is the market situation. The yield on the 10year treasury 2. 47 . Charles payne is here. Before we get to obamacare, give me 30 seconds on the market. They dont care about crises, do they . Charles they care about as much as you do. Did you change your plan . Di
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