Im also brian sullivan. Welcome. What a week this was and guy adami, i am not going to take anything away from a dow that rose nearly 2,000 points and its better for most peoples portfolios than it falling 2,000 points. But i believe were going to eamon are we going to eamon . You have time now to think about that question. Lets go to eamon lets go right now to eamon jafers who is at the white house with more news following the president s News Conference which certainly moved market, eamon. Boy, did it it was a thousandpoint spike while the president was hearing. Traders clearly liked what they heard and the president takinga i ceofocused approach and bringing on the ceos of target and name checking google the president i thought taking a much different tone on the coronavirus. Hes tended to sort of minimize the danger of this over the past couple of weeks and yet today he said Something Different heres what he said. In the coming weeks we will all have to make changes and sacrifices,
Mr. Rhodes the questions we want to ask because he didnt bother to show up. Mr. Hannah did. While the chairman yield . Yes. I can say whatever i want to say in my Opening Statement yes you can. Of the just be fair. That is my point. Deirdre there are investigations into the white houses message and question of the administration misleading the American Public about the Iran Nuclear Deal. Welcome to risk reward. Im deirdre bolton. Well bring you more details on that in just a minute. First a broadbased market selloff. The dow fell to more than a sevenweek low. It closed off the lows, still down triple digits. Fox businesss lori rothman with me from the floor of the New York Stock Exchange. Lori, you saw a lot of action this afternoon. Reporter yeah a lot of trouble. On the 224th birthday of the New York Stock Exchange building as a matter of fact. What was the gift . A sharp selloff. There is the dow off 1 on the day. S p down 1 and nasdaq as well. Toughest day, worst day in five weeks
But at this point it has decided to shut trading all together. That happened after it had conversations with other u. S. Stock markets and with u. S. Regulators, including the sec. And this is the first weather related shut down since hurricane fwlor i cant back in 1985. The cme group is running its urk of usual futures session from 6 00 p. M. To 9 15 a. M. Eastern. You will be able to see the stock Index Futures throughout the morning. They are under pressure right now. Cme will be shutting down trading after that time. So depending on the impact of the storm, its possible the same scenario will be repeated this morning. Three companies have canceled earnings reports. Pfizer, nrg and entergy. The government still planning to release personal income and spending data at 8 30. The question is did they decide to shut down the electronic portion because the s sec and others said we dont know whether the system unto itself will work, or they did taest it back in march. And they were undete