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Vice chairman and theyll share what to do with your money amid this massive selloff. Lets have a look at whats driving the action the major averages falling into correction territory as the global brought yaoutbreak grows Goldman Sachs is warning that u. S. Companies may generate no Earnings Growth in 2020 based on the elevated uncertainty from the virus and oil prices are plunging on the fears with crude dipping below 46 per barrel at the moment the s p is down 2. 9 , dow almost 800 points. Joining us today is cnbc contributor stephanie link and senior markets commentator mike santoli. Ste steph, youre always looking for the bright side, the growth and optimistic picture we were talking earlier, both of us were talking earlier that this feels like december 24th, 2018, when we got the big swish down and it was really hard to buy then its really hard to buy now. But i can unde ....
It shows a person that makes racist and derogatory comments and talks about injury to the citizens that he is supposed to be serving. And most disturbingly he does it in a way that holds no consequences. The police chief showing out and he says two other officers accused have already left the department. The chief says he has no tolerance for reprehensible messages. I have the same visceral reaction. It make me sick to my stomach including today when i had to read them again so and i apologize to the public. We are better than this. The San Francisco police union issued a statement saying that it strongly and unequivocally offend the basic. The disgusting racist language by a few officers is not reflective of the over 2100 members thawers the uniform of the sfpd the second time that San Francisco officers have come under fire for racist and anti gay texts. Last year a similar s ....
If it holds. It could lead to a rally of sorts, and thats exactly whats happened here in the last hour here. We have a sense this was coming from the european session. You would have gone through the news flow about aid for Banco Espirito, some of the geopolitical stuff thats extremely troubling. Things would look different today. Not the case. Even oils struggling to catch a bid. Investors are awaiting a key Earnings Report from aig, due out in about an hour. It has a new ceo coming in less than a month and is trading at idiscount to peers. The numbers could definitely move the stock. Well have the information first and your analysis right away. All right, also, the president taking more shots at some of his favorite targets, namely wealthy businesspeople. I mean, if youve been watching television today, you know what he said. If you havent, then you will hear more of those ....
Good afternoon live. I am cory johnson. We are already having fun. We were actually talking about Chris Christie apologizing for firing one of his aides. We were talking about, how is it possible he did not know about the traffic jam and that his aide had caused it. There was a revelation he made meabout it, which light up. It made us laugh harder. Fun laughs. It was good. Can you imagine people caught in traffic thinking that is the day. Ambulances could not get to people who actually needed help. Are jumping in on this. To me, you know, this is the problem with coming out of local politics and then trying to go to national politics. Depending on where youre coming from, local politics may not in fact be consistent with expectations of the country as a whole. There is a high probability the notion of punishing somebody because they did not endorse you in a campaign where you got 75 of the vote, and then punishing ofm on the first ....
Gloom. Yes. You can understand why futures are slightly flat to down this morning. What else . All right, Economic Data here in the u. S. , we got the initial jobless claims, import prices. Those beat come out at 8 30. And then the bloomberg theres a g in that, right . Yes, very good, bloomberg. Bloomberg index comes out at 9 45. Earnings before the bell, walmart and kohls, youre going to break those. A lot of earnings from retailers today. Walmart and kohls before the bell. After the bell, jc pen sandee nordstrom. Yesterday we learned from macys that theyre not selling as much stuff as they thought, and thats because of all the promotions. Anyway, there you have the morning brief. Very good. We look at occurrence success, commodities, futures flat. 10year yield is nothing. The first screen is boring. On to the next screen. Courtney, the v. I. X. , thats stunning, 12. 90. You talk about resiliency and quiet across u. S. Equities, t ....