I think we should start by checking where we are. Were in the midst of a big snap back day the dow is back over 20,000. Pushing a 9 gain of 1600. The s p good for nearly 8 theres the nasdaq as well up close to 7 . Have we turned a corner . I dont think so. I think technicians is what is referred to as a counter trend move its nice to have. I think people could use a break from just the persistant and constant selling were looking at stocks in the s p 500 be p t the percentage of stocks making fresh hundred day lows that number is slowing down. A few days ago it was high 80s right now its low 60s i think thats pretty good i think well take that. Again, these are the types of days that give you the opportunity judge, if you were panicking and you felt you were too exposed, this would be the kind of day if youll lighten up from a 60 40 portfolio to a 50 50. If you look at the biggest names its happening in areas that have been thrashed mgm up 33 Royal Caribbean up 31 im looking at ual up
New york stats state we have full Team Coverage stooefr steve is all over the unprecedented action the package has hit some snags what is the latest the out come is looking like the same one we got last night with democrats not signing onto advance the 1. 6 plus trillion dollar stimulus package. We have a vote right now of 4442. 44 yays. 42 nays. You need 60 votes to pass it its difficult with five in swe selfquarantine. Bernie sanders not voted last night. He was following this from afar and following this in negotiations from there. Senator Chuck Schumer said today this vote is meaningless the package is done. The real work is happening behind closed doors. To that end he said that work is very, very close to producing a deal that inif he canned some optimism into the market but he is making clear hes not authorized democrats to back this move to advance the vote as it stands. We know cabinet members have been meeting to reach a compromise slow and steady progress is what they are ca
Coronavirus, mayor bill de blasio is joining us, everybody. applause and then, then were going to be joined by the star of the new show dave, lil dicky is here. Also on tonights episode, Bernie Sanders isnt going anywhere. Toilet paper could get you killed and joe biden is sick of your shit. So lets catch up on todays headlines. All right, so look, normally we would catch up on all of the headlines from around the world. You know, maybe we what talk about Harvey Weinstein getting 23 areas in prison. cheers and applause we can talk about the Supreme Court for giving President Trump a victory on immigration. But today theres only onestory the entire world is talking about, the coronavirus, aka covid19, aka mum bo number death. laughter it is now in 110 countries with over 122,000 confirmed cases and it it looks like its only getting worse. The World Health Organization told officially designating coronavirus as a global pan demic. Congress inhouse doctor told capitol hill staffers at a c
Also on tonights show, the president ial race is officially a sausage fest. Dulce sloan celebrates womens history month, and have you been Drinking Water . Then you might be in trouble. Lets catch up on todays headlines. Lets kick it off with the democratic primaries. After super tuesday, voters basically decided the race should be between joe biden and bernie sanders. So Michael Bloomberg promptly dropped out, and now in the wise words of the philosopher, another one. We begin with todays big breaking 2020 news. Senator Elizabeth Warren is dropping out. Warren speaking out on her decision to suspend her campaign. Gender in this race, you know that is the trap question for every woman. If you say, yeah, there was sexism in this race, everyone says, whiner and if you say, no, there was no sexism, about a bazillion women think, what planet do you live on . I promise you this, i will have a lot more to say on that subject later on. Trevor damn Elizabeth Warren has a good point, yeah, beca
Student loan debt and new york orders 100 of the states workforce to stay home except for essential sftss. California, illinois and United Kingdom asking residents to do the same moments from now, he runs the largest restaurant in the world. Mcdonalds ceo will join us for an exclusive interview to discuss the companys response to the coronavirus that live interview coming in just a few minutes lets focus on the big stories we are watch iing. Mike tracking the market moves in the final hour of trade bob pisani on the unprecedented week for stocks. Meg has the latest on the coronavirus. Mike, first to you on this Market Action on the final weekday of a crazy week. Its still skittish there was a couple of days we were able to pull out some clues of stabilization a chart of the s p 500, we keep going back to the levels of tight end 2018 right back there now i think you can look under the service and say the market was trying to differentiate. We had perhaps a lull in this heavy liquidation