Today the Circuit Breakers were down 7 . A day where oil had its first decline, down 31 . The treasury went below. 15 a record low which tells you the bond market is terrified its also a day where you probably lost a lot of money its probably what happened to you. Thats because, of course, the dow plummeted 2014 points. Its worst point drop ever. The s p plunged 6. 7. Nasdaq 2. 159 now the dow was at 2. 14. It lost that much. Okay it happened. What the heck got us here . Where do we go next . First todays sellers fear we are going into a coronavirus induced recession and theyre trying to get out of other people who want to sell. Just trying to get aahead of them that may sound fanciful that we had six cases in this country and 22 deaths. In the end, it seems like a super food than the playing. As the president tweeted earlier, 37,000 americans died from the flu last year yet nothing is shut down life and the economy go on, end quote. But the marks were not reassured, not the bond marke
India italy locking down the whole country. Lets get straight over to the markets now, we are joined by Sarah Ponczek. One of the one of the highlights . Helling say the the selling has not stopped. Saw a limitafter we down in futures yesterday, we and at the same time we have new zealand coming on, getting closer and closer, well below the 200 Day Moving Average which served as support earlier on. At the same time, we have seen dollaryen moving closer and now the yen is trading at the highest level. Prior to the president ial election in the United States, and also, the vti crude oil extending losses again after the worst day since the 1991 we have seen absolutely massive moves. Day, we didf the close down 7. 6 and if you look at the different barometers, we have seen massive moves. The average move over the last eight trading days has been 3. 7 , that is the largest going back to 2008, so to put into context the amount of volatility we have seen, the vix also at [indiscernible] lets
Package to see what the white house wants to lead on. Paid sick leave is something the white house floated here as well as temporarily targeting tax relief for Certain Industries. That is another thing. Senator Chuck Grassley that is a big thing for him. Representative matt gaetz was actually told later today, that he has to quarantine himself. You see the president there going up air force one in florida. Line him is representative matt gaetz. He was told on air force one that he had to isolate himself because he came in contact with that person at cpac. That is exactly what happened. Matt gaetz sat in a different portion of the plane. No one else was with him, isolating himself. Others, representative doug collins, senator ted cruz as well as representative azar or gosar, im sorry, have all quarantined themselves because of the person they came in contact with at cpac there. States, ohio, new york, latest to declare emergencies related to this. The Port Authority director of new york
Little robot. When i was your age i read about very but i think what they were the coolest thing ever ok then you can have the thing that really rather. Angela you know but when i when im older i want to work with robots i want to build robots. Are you going to let me read it yet. Whenever i go there so im a. Little bit and might not like it i think. You really. Just really just let it. Go yes and then if going right back to whatever the man in the buggy. Was 19 at the time in my 2nd year you know best today and i saw in my classes and i see tauriel said there were very few shows like. Lets take you straight to the white house President Trump bespeaking is just raising his advisers to the visor response to the coronavirus threat lets listen and were going to take care of that have been taken care of the American Public and the American Economy we are going. Going to be asking tomorrow where seeing the senate to be meeting with House Republicans which mcconnell everybody and discussing
Thank you very much we just attended a very important Task Force Meeting on the virus, that everybody is talking about all over the world no matter where you go that is whats on peoples minds and we are going to take care of it happened to be taken care of the American Public and the american economy, we are going to be asking tomorrow we are seeing the senate. We are going to be meeting with past republicans rich mcconnell everybody, and discussing a possible payroll tax cut or relief substantial relief very substantial relief it is a big number. We are going to be talking about hourly wage earners getting help so that they can be in a position where that nikki never miss a paycheck. Will be working with companies and small companies, Large Companies a lot of companies. So that they dont get penalized for something that is not their fault. It is not their fault, our countrys fault. This was something that we were thrown into and we have been handling it very well. The big decision was