Areas. This is wednesday, march 18, 2020 and our special coverage of the coronavirus outbreak begins right now. Good morning and welcome im Morgan Brennan u. S. Stock futures at a down open the Dow Jones Industrial average is indicated to open down more than 1,000, the s p is down 120. If we were to open right now and the nasdaq down 386. Looking at the major etfs that are tracking remember, these are not subject to any of those limit down figures which paused dow etf is down nearly 6 in the premarket s p 500 is down almost 6 . The qqq is down almost 5 . This comes after an almost 1,000point rally yesterday. Recouping the losses with he saw on monday after the massive new stimulus in the face of the coronavirus outbreak and slowing u. S. Economy hopes around stimulus. Boosting bond yields we saw some big moves in the treasuries the 10year back above 1 at 1. 95 . We have seen a steepening of the curve. Check out moves of oil as well wti now at its lowest level since early 2016 trading a
Bloomberg. Why two different stocks could start the burn power lunch starts right now thanks and welcome to power lunch, everyone stocks are retreating from their record highs were off the lows of the session today, but the dow still down about 200 points and the nasdaq getting hit the hardest down 1 today as some of the big e trades are getting dumped. Including the likes of Virgin Galactic and take a look at the tenyear yield sinking near the lows of the session and briefly touching lows of the year at 1. 257 for more, we go to bob pisani an the New York Stock Exchange. Bob. I think you had a good point there, kelly momentum is the issue. I want to show you the s p 500 we had a very short but shr sharp sell off right here. S p future, big volume in the emini futures. That tells you somebodys lightening up on their positions. Its the big momentum really associated with growth names you have Virgin Galactic, but look at the midday drop. Qi earnings have been low and we dont have a lot
David and for larry kudlow, President Joe Biden and former president donald trump, making competing stops the southern border today the illegal migrant crisis rages on and will bring in congresswoman and Marjorie Taylor Stephen Miller, way and were also going bring in Donald Trumps remarks when they began, and eagle pass taxes in these there with Texas Governor greg abbott so we will be taking of their shortly but let us start with georgia congresswoman Marjorie Taylor grayness Stephen Miller founder of America First legal white house senior policy advisor and getting i just want to let you know when donald trump starts to talk, we will dip into that will come back to you so hang on if we go for have to go so quickly been congresswoman, this is an incredible moment where americans was about the doubletalk over there with greg abbott, who is done an incredible amount of work, securing bill border by himself and not only without the cooperation from the federal government for the federal
Trumps businesses away from him. This is an assault on private property, the u. S. Constitution and donald trump. Now, the latter is leading g. O. P. Primary field and running ahead of joe biden for presidency by 5 to 10 point, the socialists who are terrified by a Trump Victory are working to put him in jail for 750 years and take his assets away. Am i over simplifying . I dont think so, the state ag, Letitia James ran against trump in her election, even though he was not on ballot, so did prosecutor alvin bragg, they were working on legal attacks even before they took office, no evidence needed. Now they are the u the injustices against the former president in real time here is the former president today. Downtown new york city. This is a continuation of the single greatest witch hunt most people get it. People are getting it. The voters are getting it, every time they give me a fake indictment. I go up in the polls, this is a disgrace. Larry well you know, i think he is on to someth
A crazy judge and socialist state attorney general trying to take Donald Trumps businesses away from him. This is an assault on private property, the u. S. Constitution and donald trump. Now, the latter is leading g. O. P. Primary field and running ahead of joe biden for presidency by 5 to 10 point, the socialists who are terrified by a Trump Victory are working to put him in jail for 750 years and take his assets away. Am i over simplifying . I dont think so, the state ag, Letitia James ran against trump in her election, even though he was not on ballot, so did prosecutor alvin bragg, they were working on legal attacks even before they took office, no evidence needed. Now they are th the injustices against the former president in real time here is the former president today. Downtown new york city. This is a continuation of the single greatest witch hunt most people get it. People are getting it. The voters are getting it, every time they give me a fake indictment. I go up in the poll