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Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats ....
[inaudible] acknowledging my counterpart, congressman walker. Im going to repeat what i said previously because our friend who is injured because he tried to wrestle me. [laughter] she has made the decision to briefly pause his career in Public Service. I dont believe it is the last chapter or by any sense of the word, but to say so definitively on the record, its been one of the greatest honors of my life serving on the subcommittee with mr. Walker and i look forward to serving with you in many capacities in the years to come, sir. Throughout the united state states, 2049 carried out by extremist. Since december 23rd the attacks on jews across new york city and each and every one of these attacks there is some elected official in america that says our thoughts and prayers are with the victim and their families after each and every one of these attacks there is some elected official in america who says we must take action. Today t ....
Acknowledging my counterpart, congressman walker. Im going to repeat what i said previously because our friend who is injured because he tried to wrestle me. [laughter] she has made the decision to briefly pause his career in Public Service. I dont believe it is the last chapter or by any sense of the word, but to say so definitively on the record, its been one of the greatest honors of my life serving on the subcommittee with mr. Walker and i look forward to serving with you in many capacities in the years to come, sir. Throughout the united state states, 2049 carried out by extremist. Since december 23rd the attacks on jews across new york city and each and every one of these attacks there is some elected official in america that says our thoughts and prayers are with the victim and their families after each and every one of these attacks there is some elected official in america who says we must take action. Today that is exact ....
Later on in the session. Will have more on what jay powells comments mean treasury yields here with tenyear yield at 4. 16 . Lets go to lindsey and talk at the same time fed chair jay powell said bringing down inflation will take longer than previously expected he cast doubt at the next policy move could be a hike. Its unlikely that the next policy rate move would be a hike i say unlikely you know, our policy focus is what i mentioned which is how long to keep policy restrictive. Thats all fine and good. Joining us is stifel chief economist lindsay pietza do you remember the days of mike and drexel, lindsey . Do you remember when someone would have a high degree of confidence and when you could arrange financing . Do you have a high degree of confidence we know exactly where we are in terms of inflation and rates right now . No, i think it is telling that the fed chairman conceded it will likely take longer to gain the confidence and inflation is back on the disinflationary trend and a ....
The two big stories and more. With Senate Majority leader Mitch Mcconnell. Two senators investigating, South Carolina republican Lindsey Graham and angus king will also be here. Budget director mick mulvaney. And handicapped the chances of the government sitting down at the end of the week when it runs out of funding. Plus, new poll numbers on Alabama Senate race. Now is roy moore faring after allegations of Sexual Misconduct with minors. All that plus plenty of political analysis coming up on face the nation. Good morning, welcome to face the nation im john dickerson. We knew it would be busy week when congress returned to washington but we had no id ....