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Comes to the coronavirus adding more than 150,000 new cases on thursday alone President Trump is expected to give an update on operation warp speed in just about an hour. We will take it for you live 59 minutes left to go in what has been wilfred a wild week of trading of one that is higher. Higher for the week higher today as well up 1. 3 on the dow coming up on todays show we will speak with chicago mayor lorie light about her lockdown advisory and the potential economic fallout as cases surge in the state of illinois plus it has been a big welcome back for the bank stocks with the kbw bank stocks up 10 the ceo of kbw will join us to discuss whether there is more upside ahead for the sector. First the big stories. Mike santoli is tracking the market meg tirrells that latest on treelts and vaccines as we await an update from the president and Steve Liesman is looking at the ....
Plus an increase in News Coronavirus cases, declines are being led by tech. Microsoft, amazon and apple all sharply lower today. Thomas peterffy is the chairman of Interactive Brokers hes our closer today coming on the heeled of the tieup will he now sell his companies well ask hem later in the show. Clearly coronavirus, again still only down just over 1 the markets overreacting i think if you do the math, basically if you lieu that only represents about 1 of the earns of the company no indication that this is nothing but a shortterm problems lets get on the base stories. Seema mody Steve Liesman tells us what the fed is talking about. First, lets start with seema. That safe haven play is certainly evident in different parts of the market. One standout is shares of the post 5 a new record high, up 7. 6 certainly ou ....
Golden opportunity chris barone said this sector has been immune to market weakness hes going to tell us what it is. Later, were firing up the grill, because there a big Burger Battle brewing, three food stocks that have our traders licking their chops. Nice. Yes, like that . Hungry already we start with another rough day on wall street stocks falling across the board with the nasdaq and s p 500. Treasury yields tumbling the 30year note hitting its lowest level ever, like ever, and check out some previous high flying names like microsoft, apple, amd all pretty deep in the red today. So has the red hot momentum trade finally hit a giant red brick wall guys, the momentum names, those big tech plays, theyre over ill play your reindeer game. Ill say the answer is yes if you want a line in the sand, ill give it to you. It comes in the form of the tlt. Youve got to close above 150 even in the tlt which should make ten year yields, around ....
Left will be here to explain why he think theres a lot further to fall. First, breaking news the trump rally that will not quit. The dow and s p making fresh records and the dow just 2 away from 20,000. And now tech is joining the party as a major force. Sammy giving tech a boost, apple getting in on the action here. Tim, what do you say . If this is about cycles, if you think about where people were encouraged and able to put money, mega cap, had some value and dividend story. It also had growth. Were waiting for the market to actually go higher. We needed to say financials are going to lead and industrials are going to lead. Theyre leading. Positioning says to me, i think there are people that are just underweight the market, and i do think tech is a place to go. If youre going to be in tech, i think you have to go back to places where there is value. Chasing the mega valuation names is a bit of a mistake. Meaning google . I think a netflix. Ive never liked netflix. I think of things ....
Good morning. The days top stories, the Global Markets. Political paralysis, the point of that in italy spooking investors and lead to go a selloff on wall street. And then asia follows suit overnight. European stocks are tumbling on upper trading this morning. It is tuesday, february 26th, 2013 and squawk box begins right now. Good morning and welcome to squawk box here on cnbc where thirchx feel a little under pressure. Im Andrew Ross Sorkin along with joe kernen and becky quick. Well, becky quick is off today. She will be back tomorrow. Global markets focusing on italy this morning. Sylvia berlusconis center left rivals won parliaments left house, but failed to win an absolute majority in the upper house. This is creating uncertainty. Berlusconi has ruled out an alliance with former italian Prime Minister mario mon ....