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Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going ....
To try to get there first and that sort of thing so im hopeful we will very much try to learn as much as possible from that facility and from all the other ones too we have a lot to learn here. So well certainly be trying to do that. In terms of fiscal concern, so, you know, for many years ive been before the fed i have longtime been an advocate for the need for the United States to return a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time, which just means that the debt is growing faster than the economy this is not the time to act on those concerns this is the time to use the great fiscal power of the United States to do what we can to support the economy and try to get through this with as little damage to the longerrun productive capacity the economy has possible the time will come, again, and reasonably soon, i ....
Around 11 50, the gop released an fbi memo a lot of people are skeptical whether that would have any influence on the market. We moved down a few Percentage Points say its a small impact. In the midday yields started picking up around their highs, and weve been cascading lower ever since then. Lets put the vast majority of this clearly on yield concerns all 30 dow stocks have been moving to the downside, but weve seen some interesting moves of major stocks. For example, when was the last time you saw Goldman Sachs down 10 . Thats the biggest point decliner were seeing right now. But even some other big market leaders are down, notably. Boeing is behaving relatively well with the market down better than 2 . Boeing is only down 1. 7 still, its such a big stock, down six points. Thats 45 points in the dow. Then we have some earnings things coming out a little bit exxon was a b ....
We get whacked upside the head and the pain the house of pain. Can be excruciating by stocks even if its masked by the placid averages as we saw today. The dow slipping 48 points and the s p. 22 and nasdaq declining 1. 9 and boy did it feel worse than that. For some stocks there was no escaping china whatsoever even though the Chinese Market rallied yesterday, we got news out of bmw that was extrapolated with negative pin action. Quite upsetting. To quote a reuters headline, worsening Chinese Market could hit forecast. The article goes on to say that bmw which happens to be the Worlds Largest luxury carmaker warned on tuesday that the financial forecast for this year could be at risk from any further deterioration in the Chinese Market where theyve begun to fall for ....