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First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather ....
This morning. We are in corona queens. Always a pleasure to get out of the State Capitol and talk to the people doing the work. I am a queens boy, so it is coming back home for me. Corona queens. It was called corona queens before the coronavirus. Theres no connection between corona queens and the coronavirus. Let me introduce my colleagues to the farleft. Pat foy, the chairman of the mta. To my left, sarah feinberg, who runs the new York City Transit bureau, to my right, gareth rhodes. Deputy superintendent of the parts in financial services, but has been with me for many years and is helping on this up in albany. Is saturday. I know that because it is on the slide. Otherwise, i may not have known that. I followed the days by was on the powerpoint. Everybody talks about this is uncharted waters, that we have never been here before, and thats true. Itn in uncharted waters, ....
The Florida Governor is followed by the governor of new jersey. Here is governor cuomo. Good morning. We are in corona queens. Its always nice to get out of the state capital and talk to the people who are doing the work. This is coming back home for me. Queens was called that before the coronavirus. There is no connection. Let me introduce my colleagues. Mta. Hairman of the transit the new york euro. To my right, the deputy superintendent of the department of financial services. He has been with me for many years and is helping on this in albany. Today is saturday. I know that because its on the slide, otherwise i might not have known that. On thew the days powerpoint. Everyone talks about this is waters. Waters, that we have never been here before, and thats true. Itn in uncharted waters, doesnt mean you just proceed blindly, you get whatever information you can. You want to stay informed. Even in the old days, when sailors wo ....
From roswell park cancer where we areich is today, in buffalo. Roswell park is one of the cancer institutes in the united states. And a real jewel for the state her veryrk and i thank uch for their hospitality today. Let me give you some of the facts today. One of the points we want to today is were in western new york, buffalo. Weve been talking a lot about new york city and the situation in new york city and long island and westchester and rockland, the suburbs of new york city. Ut just as were seeing across the country, this virus presents in ightly different problem different parts of the country. It also presents a different in different parts of the state. Verall, the total hospitalizations are basically lat from where they were yesterday. Overall curve is on the way down, and that is good certainly. The net change in hospitalizations is down, not we would like. Changing intuesday a bigses is intubations is good news because that means a person is ventilator. 80 of the time when ....
That issue, coming up. And the big business of amazon, the retail giant teams up with a major drugstore chain for package pickup. Find out where youll be able to pick up those orders. Mornings with maria begins right now. Standing on the edge face up. Because youre a natural. Heart of gold. To make it in this world. Yeah, youre a natural. Maria President Trump arrived in japan for the g20 summit. While he is there, he could sign off on a trade deal with china. Take a look. There is the shot of the president just moments ago, departing from air force one and weve got these new details from the journal this morning about what china is planning to frontt to the president in terms of moving this trade deal one step forward. Blake berman is live this morning in ow osaka. He joins me with the very latest. Good morning to you, blake, or good evening, actually. Reporter good evening. It is good morning, good evening. However you want to ....