Could take the stock to new heights. We hell join us as power lunch begins right now thank you. Its been a whip saw day for the markets with the nasdaq up nearly 1. 5 before turning negative bob will break down the wild swin swings for us. Bob. Its been a choppy trading day. Most of the stocks were up early o on thats the lows for the day for do docusign as well still trying to figure out what they want to do. They are figuring out, its hard to figure out what the right price is look at the things buffeting Technology Stocks that everybody has to figure out. We have accelerated revenues thats great news. All the work from home stuff we have stimulus with fed all in thats good news the reopening nar tirative is positive thats good news we have the momentum plays like the robin hohood people involved the traders get confused on whats the right price whats the right multiple with all this stuff going on. Look at this in the last seven or eight trading sessions, docusign has swung from a h
Hand to break it all down with a packed show today so lets dive right in. And u. S. Equities rebounded thursday after big drops early in the day at open the 3 major indices in the dow the s. And p. 500 and tech heavy nasdaq all fell by at least 1. 5 percent but turn positive hitting session highs in the final hour of trading markets were initially pushed down by more bad news in the u. S. Job market as the Labor Department reported nearly 3000000 new jobless claims for the week ending the 8th of march now this brings the total number of unemployment claims in the u. S. To more than 36. 00 a 1000000 over the last 2 months due to the coronavirus pandemic now the Unemployment Rate in the country is now over 14 percent now it has been a rough week for u. S. Markets on wednesday alone the dow dropped 2. 2 percent the s. And p. Lost 1. 8 percent and the nasdaq which had been having a really nice run fell by 1. 6 percent of the. Market turmoil is also comes as the u. S. Federal reserve ward o
The coronavirus surpass 20,000. You can see numbers right now on your screen check it out nearly 19,000 people have died so far. Yesterday Health Officials reported more than 2000 deaths and thats the highest number of deaths in one day here in the u. S. But despite that number Health Officials say that the curve in the u. S. Is leveling out. You can see for the first time that in the United States were starting to level on the logarithmic phase like italy did about a week ago and so this gives us great that occur not only in specific places but were starting to see that change to well here in california were actually seeing a positive trend, according to state Health Officials right now there are more than 21,000 coronavirus cases in california and nearly 600 deaths now thats according to Johns Hopkins university. And also in the bay area there are more than 4600 confirmed cases since Santa Clara County continues to be the hardest hit locally with more than 1400 cases there, 50 people
A russia safety pact and were on the streets of one aside for the government is bracing for an expected we told coronavirus cases. On the number of corona virus infections worldwide its past 1000000 thats according to researchers at Johns Hopkins university in the United States weve been tracking the numbers for weeks earlier on thursday the University Also confirms that the global death toll now exceeds 50000 well the 1st 500000 cases were reported over 76 days that number to just 8 days to double in the u. S. The economic devastation caused by the a break is also becoming clear a record 6600000 people have no point. More Unemployment Benefits thats 3000000 more than last week and its a similar story in spain stripped quarantine measures there have led to more than 800000 jobs being cuts in march 3 point 5000000 people are know without work lets get more now from the she had returned he joins us from washington d c schippers focusing on the the figures coming out of the states there a
That was almost a bad situation right then. Good morning, everyone. Take iq for your presence here. We had a very robust discussion at the caucus meeting, at the growing threat that is presented by the coronavirus. The coronavirus, its clearly a national emergency. It requires an all hands on deck approach. It requires engagement from everyone, democrats and republicans, from the house and the senate, the white house, and the administration. It requires engagement of the city, state, and federal level. House democratic caucus, great leadership from Speaker Pelosi and steny hoyer, and our members are committed to making sure that we do Everything Possible to both contain the virus and mitigate it as it emerges in jurisdiction after jurisdiction. We heard from chairwoman nita lowey and our goal is to make sure that we do not leave washington this week without an allocation of resources to deal with the coronavirus. It is our expectation that that number would be substantially greater tha