Need to accept the world has changed and we need to change with it. From now on when we come in on monday, were not going to be focus on sales or earnings of companies but Coronavirus Infections and fay fatalities. These days, the pandemic controls the dow gained, nasdaq jumped 9. 35 . Yes, those are not mistakes. All have been an extremely oversold position, 2. 78 yield for the dow. Until this virus is contained or cured or just naturally levels out, you should expect much of this gain to be repealed, more selling and if we dont get the fiscal help needed to improve the rudiments of our Service Based economy, i think today is going to end up being a good day to sell. And it already happened, maybe monday lets be real. We cant sustain a meaningful rally, until we have the covid19 situation under control. And we cant get things under control without test kits and antibody medicine that triumphs over the scourge there are two paradigms south korea which is doing it right. Right. We have
Hour futures are solid, earnings phase one signing, lots of eco data our road map begins with trade optimism reigniting the record rally. The chinese delegation heads to d. C. Today for an expected phase one signing on wednesday plus new ceo, same crisis. What to expect from boeings new chief executive, David Calhoun, who takes over today and the future of the 737 max. Then there were four, alphabet nearing the trilliondollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. All three major indices are in the green since the beginning of the year led by the nasdaqs 2 gain as we were saying on squawk a few moments ago, jim, if lulu yes, maam of lemon is a clue to the earnings season, maybe this rally has been justified we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. Theyre used to be able to say better than expe
Nasdaq on track for the best performance. Dow futures indicated up about 34 points and gains for the nasdaq and s p futures treasuries, the 10year has finally hit 1. 9 exactly been watching for that a long time above that yesterday. Looking at it as the economy has shown some pretty strong signs. Now we do it in tens. Normally we wait for 3 . The volatility we talked about that. The inflation volatility is really low he thinks that why multiples have stayed so high. It will take years of inflations coming back. Multiples can stay where they are. This just happened well bring it to you. An Iraqi Security source telling nbc news that demonstrators have stormed the u. S. Embassy in baghdads green zone they have used tear gas grenades to try and prevent them from moving inside the compound hundreds have gathered what we saw. Some saying it was about time that some of the air strikes killed fighters from iranbacked coalition from operating in iraq a big piece saying finally we are addressin
Its ceo Michael Wirth will join us exclusively this hour tesla shares set to hit a new record at the open as the electric carmaker delivers its first china made model 3 to customers. 24 hours ago looked like the selloff might continue on monday and reaction to those middle east tensions but stocks did erase earlier losses to finish yesterday in the green. Major indices saw their third positive session we watch gold, jim, are we betting this is short in duration and limited in scope . You used to work for zilian i keep thinking about that word over and over again thats the word that define this is market. Because yesterday when we were down very bad, ugly down 200 dow points, the dow is down that much, it did look like the beginning of something big, and you know what you saw . Shorts pressing, thinking this is it, this is the big one it wasnt the big one and i almost feel like that unless something happens thats completely out of left field, if you read what iran wants to target, peopl
Exchange this is epic as well why do you get squawk box specific mugs. I dont think we have that on closing bell. You think your set down at the ant kuwaited New York Stock Exchange the whole Stock Exchange is our tv set. The whole future is nasdaq. Its moving forward. The specialists, the middle man. You want to be here, my friend its a lovely new set. It is. I wonder how much these costs, these mugs. I love the New York Stock Exchange we love both. Just kidding we do get territorial once in a while. Im glad you like our new sets and our mugs dont take that with you treasury yields this morning, i looked 190 on the ten year recession fears have faded trade concerns are so 2019, i think. Arent they . Theyre just so 2019 the dollar. Thats supposed to weaken im doing another show today exchange. So am i. Closing bell. Thats your normal show what happened over the weekend . U. S. Military carried out precision defense strikes in syria against a Militia Group following a string of attacks