Doctors, they will come back and say for the rest of our lives we have to wear masks. Reporter the road map also talks about doing gps for social distancing. Following peoples phones and hotels for isolation for people. Giving them free hotel rooms. Are those ideas that youre looking at . The gps, that is a very severe idea. Ive been hearing about it. What happens a siren goes off if you get too close to somebody . That is pretty severe. He was with me for a long time. He did a great job at fda. So were going, were taking a look. I just received it a little while ago. He sent it over. So very good. Go ahead. Lets give it a shot. Sir what do you say to americans who are upset with you over the way you downplayed this crisis over the last couple of months . We have it very much under control in this country, the coronavirus is very much under control in the usa. It is going to disappear. It is like a miracle. It will disappear. March 4th, we have a very small number of people in this cou
Money . The answer will likely lie with what happens on the virus front. Its good to see everybody hope everybody had a pretty decent weekend with your families, staying safe courtn courtney, im going to go to you first. Its been a while since we have seen you i hope you and your family are well tell us how youre thinking about the markets today. Sdp first of a first of all, thanks for having me pe back. The markets are as expected. Im pleasantly surprised at the resiliency were getting some positive news as to how china is coming back were getting positive news at the potential of this to tail off as we move into the later part of the year which all of us have thought through and thought about. Assuming people continue to do as theyre told and staying quarantines and staying six to ten feet apart even, i think we will start to see things change. The fed has been incredibly responsive and hats off to whats going on as it relates to the fed and the response ifrness in markets no one wan
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
Most confirmed cases of coronavirus around the world major developments giving investors something to be hopeful about. We need it well have more on that in just a moment i wouldnt mind seeing some w who der hors doeuvres behind you. Its cozy and homy i feel better already. Well have happy hour on friday. Crude oil crashing below 20 here its a problem for the energy complex. Overall its a bit more advancing stocks and declining stocks were not far from the highs today. This time exactly last week we were 34 off the historic highs. We hit february 19th that was the bot too mantom. A lot of people thought it was the bottom and we got smacked in face or prid we have seen lower volume on the day. Weintraday ranges. The vix has dropped below 60 im not saying its over im saying the market is acting a little calmer today than recently great news from abbott about a potential 15 minute test exxon is flattish today. Boeing, i cant describe it. It was 97 at the end of the week now its 140 it has
We await President Trump right now, probably in about the next hour or so he will be addressing the top of the Coronavirus Task force. One of the Big Questions will be about his conversation earlier this morning with russian president vladmir putin. The white house has said that those two talked about the need to stablize energy markets. The president saying earlier this morning that he believes oil prices are too low. Russia and saudi arabia are fighting and they have driven down the price of oil and i never thought i would be saying that maybe we have to have an oil increase because we do. The price is so low, theyre fighting so crazy over distribution and over how many barrels to let go. Reporter the president also said that he would like to see hazard play, hazard pay, rather go into effect for the nurses on the front line in the hospitals treating the coronavirus patients. The treasury secretary Steve Mnuchin said earlier today, speaking with Stuart Varney that receipt now theyre