Candidate. It is september 9. This is Worldwide Exchange here on cnbc announcer this is cnbc breaking news market selloff. Good morning. Good afternoon good evening thank you for joining us on an important morning. We are glad you are kicking it off with us. Futures this morning are higher. The dow is up 142. It is early. Nasdaq futures, they have been the one to watch they are up right now 170 points more than the dow. The markets taking another big hit yesterday. This is the continued selling we had from last week it appeared to be ramping up to begin our week here. Not just with Technology Names the dow falling 630 points yesterday, s p 500 closing down 100 points to end the worst and first threesession losing streak since june. Big tech taking the brunt of the impact notable declines apple down nearly 8 or 7 microsoft shedding 11. 5 a share, also on the rebound this morning. The stock everybody cares about that the market cares about is tesla. Tesla yesterday losing 88 a share. Mor
Of the council on foreign relations. Her fourth book is a revelation. Who acts next in this backandforth . Jonathan the administration has been dancing around the issue of the trade deal announced back in january. The president has stopped dancing around the issue. It means much less to me. He repeated that about three times in a News Conference yesterday, and i wonder how that message evolves in the coming weeks and months. Tom i thought it would be a lazy friday, and i was wrong. Let me give you two quick ideas. Of thew the donnybrook republicans in washington. That will be china as well. And we have statistics which speak to the summer of 2020. Honeywell is without question one of the best run companies in the world. They organic Revenue Growth was 18 . You dont need to know anything else. Jonathan we will get the earnings a little bit later in the program. Equity futures slightly negative. Gold very much in focus, approaching a record seemingly at one point this morning. Lisa it ha
A major drop to start the day over fears of a 2nd wave. Our experts if we should just get used to this kind of volatility in millions of people are unemployed and facing uncertainty due to the crown a virus that includes the over 40000 food line workers believed to be stranded abroad we have a show today so lets go and dive right in. Bubble markets are slipping out concerns grow over a possible thought that wave of coven 1000. 00 will beijing reported a cluster of new cases after nearly 2 months without new infections will chinas capital reinstated some restrictions including security checkpoints while both schools and sports venues also closed after an outbreak tied to a huge market well this comes as south korea also continues to see a rise in new cases. Since the government has not enforced stricter social distancing guidelines. Youre very concerned that spreading. In the metro area in the virus is spreading particularly through your centers and nursing facilities which is Senior Ci
A cluster of new cases after nearly 2 months without new infections will chinas capital reinstated some restrictions including security checkpoints while both schools and sports venues also closed after an outbreak tied to a huge market well this comes as south korea also continues to see a rise in new cases especially since the government has not enforced stricter social distancing guidelines. Are very concerned that spreading. In the metropolitan area in the virus is spreading particularly through Daycare Centers and nursing Senior Citizen were making our best efforts in tracking people who have had contact with confirmed virus so were still using a little bit hes hedging up. The words or utilizing all the resources we can to prevent further Massive Action in the metropolitan area. India also saw a jump in new cases in recent days. This is despite the extended lockdown the country has the 4th highest number of cases in the world with more than 332000 the city state minister predicts
There are no active considerations right now to reduce the indiscernible 31 , excuse me. The point is that if you thought that equity returns were not so good tactically, you could sell the futures now and buy the long treasuries without going through the option business. You could rebalance the portfolio right now. You have the discretion to do that. Just like you had the discretion to go to 6 treasuries that you didnt do for whatever reason. Well, we look at it that we are defensively positioned right now. Okay. And you dont thank we need to become more defensive tactically in the near term . No, we dont. Okay. Because in your memo you have mentioned how in the markets went down a great deal in 2007, that everybody thought it was going to bottom out and it went down greatly again. So it can happen again. I think that you mentioned how in your career and probably amongst all of us here you have the longest investment career but theres other people who said no one investing today has e