Disputed region theyre accusing each other of shelling residential areas. Of the sport as japan dives into its olympic preparations i think its Swimming Pool its a late take campaigns next year. If your p. R. Has some of the u. S. Ambassador after President Donald Trump suggested that egypt might blow up its ground running a sounds down the 4500000000. 00 project is aimed at pulling millions of ethiopians out of poverty but it has been a source of contention with egypt and sudan for years muhammad ali has more i want to just congratulate words of pride after brokering an agreement between sudan and israel to normalize ties but President Donald Trumps next 3 mocked. Suggested a new conflict in the media africa region its a very dangerous situation because egypt is not going to be able to live that way and theyll end up blowing up to them and i said it they said loud and clear dont blow up that dam and they have to do something because they could have stopped it they should have stopped
The market while classic reopening plays like cruise lines, airlines, they are moving low. Net net we are flat as we stand on the s p 500 sara. Ahead on todays show, investing legend Jeremy Grantham, stunning rally we might be realizing emergence of a bubble. Plus well speak exclusively with Marilyn Booker, former head of Morgan Stanley suing the firm for race and gender discrimination lets focus on the stories were watching mike santoli with a look at broad market action. Steve liesman highlights from fed chair jay powell and covering coronavirus resurgence in beijing mike,ic can us off with a look at the session flat on the average butthat doesnt tell the story. The average holding the gains in the last three days, wavering around the flat line a lot but mostly due to the trillion dollar trio, amazon, apple, microsoft all outperforming. This is an oldfashioned early february day where the big megacap Growth Stocks holding index together as average stock slips a little bit this is the
Good monday morning, everyone. Thank you for joining us. The United States has the third highest number of coronavirus cases in the world trailing only china and italy. The death toll in the u. S. Now tops 400 people and thats forcing more drastic measures. At least 11 states have now agreed to shut down all nonessential business. President trump has authorized the National Guard to respond in three states with the most cases and he says large shipments of medical supplies and respirators will arrive in the coming days. On capitol hill, growing frustration overnight after the senate failed to pass a 2 trillion economic stimulus package. Talks resumed this morning but wall street is not happy. The markets fell sharply overnight. Meanwhile scientists are now studying at least 69 drugs in the search for a possible treatment for the virus. Abcs in epte ornhtreside trump announcing the National Guard will be deployed to the three states hit the hardest by the coronavirus outbreak, new york,
Markets could hit that Circuit Breaker limit. It is incredible when we think about the volatility. It doesnt seem like the Federal Reserves jay powell has calms kets by any has combed has calmed markets by any means. Francine lets get straight to the bloomberg first word news in new york city with viviana hurtado. Viviana we begin with the most extreme effort yet to slow the march of the coronavirus in the United States. The cdc recommending events of 50 people or more not be held for two months sports, weddings, parades, concerts. All of these are on a twoavoid list. The economic slump in china is worse than analysts feared be the coronavirus leading to factories, shops, restaurants enclosed across the nation. Industrial outlets plunging 2. 5 . Retail sales were down more than 20 . Now the first oneonone debate between president ial hopefuls joe biden and Bernie Sanders. They sparred on ideological lines over how the government should respond to the coronaVirus Outbreak. Mr. Sanders s
As previous days when it comes to losses. Romaine it is all relative. Scarlet lets check in with our reporters for more on the market action. Of the day,the end some of these mega cap tech names. The New York Stock Exchange faang index getting a big boost. Apple, the best day since 2011. Overall, the new york faang index getting its best day since the beginning of january. We had this huge move down yesterday, the big bounceback today. This index may suggest or downside is ahead. The new york faang index still above the 200 day moving average. At the highs, more than 40 above the 200 day moving average. Bearish divergence, falling rsi. Now we are still above that 200 day moving average. These you see some of mega cap names come down to earth, it is hard to believe a true bottom is in place. As the prices get set to hammer the oil companies, one corner of the industry is set to see some gains. Those Tanker Companies up about 15 . The Lower Oil Price makes it more profitable to actually