Admitted to icu. It is april 7, 2020. You are watching cnbc. Good morning and welcome im dominic chu live at cnbc headquarters we begin with more breaking news stocks set to surge at the opening bell with the futures indicating that dow could open by another 555 points and the s p up by an implies 56 and 140 points more for the nasdaq it would have been an historic rally more than 1,600 points just yesterday it was only the blue chips best day since march 24 and only the third biggest gain ever. The dow and the s p remain more than 20 below their alltime highs. The nasdaq below its record high but we were up some 21 since the lows we saw back last month. Team coverage kicks off. Matt taylor is in singapore. Julianna is on early trade in europe headlines out of washington, d. C. Steve is covering the latest and rahel is here with more on the corporate response matt taylor, we begin with you we did see a mostly positive session across the asian market. Although a number of these markets
But after a session with the dow dropping 160 points sell, sell, sell. The super bowl backslid 0. 49 . And the nasdaq lost 0. 80 . Really that was a day. You need to understand the economy doesnt work like that it is not like were teethinger between good and bad well have one set of good numbers from the Domestic Companies doing just fine. As long as the trade war continues well have another et self bad numbers from companies that are hostage to the Global Economy and doing terribly the chinese trade delegation went home early, instead of hanging out with farmers in montana, suddenly the market rolled over. A lot of investors believe until the big sky country darkened we might be close to a deal but there is knock on the horizon. If china would do something as low stakes as this farm visit, hence todays selloff as i told you it will be harder to reach an accommodation with the peoples republic than many people seem to think that is a good place to start our game plan. I think there cou