0. 769 a little lower than weve seen in weeks leading up to this. Joe, the most important thing youve said is it is friday. Is it friday . The days are all it has been months. And then again, it feels like one whole long day for the week. In this new bull market we are in we will see, hopefully. Three days im not saying that we are they make no sense anymore. I guess it is possible we could look back a year or two now and say, wow or as Paul Tudor Jones said. Are we opening he said we could probably see some new lows. We are still on the front edge of this horrible thing that will play out in new york and other cities hopefully not as bad as people thought. The coronavirus cases surging to nearly 86,000 passing italy and china and making america the site of the largiest outbreak. The death toll is nearing 1,300 in the u. S. So far those number doubling somewhere around every three days right about now, a little less. Lots of questions about other areas too now how this is playing out i
But how exactly can they get that done . We speak with former ge vice chairman bob lutz in a moment. It and cnbcs coverage of the coronaVirus Outbreak begins right now. Good morning and welcome, im Courtney Reagan live in times square we begin with breaking news. Stocks set to fall at the open at futures overnight hitting their limit down levels once again. We are well off the session lows at the moment. Dow jones industrial average indicated lower to the tune of 1100 points, the nasdaq down by 213 points lets check in on the etfs that track the major averages remember, these are not subject to those limit downs the dow etf is indicating a drop of 3. 75 the spy down by 3 the qqq, that tracks the nasdaq, down by almost 3 . Lets take a look at whats going on in the fixed income market and take a look at treasuries this is a closely watched barometer of everything going on with the economy and the markets. The yield on the tenyear note is sitting at 0. 38 . A rough morning in energy. Gaso
High berlin and moscow criticize sanctions against the gas pipeline accusing washington of interfering in internal affairs. Credit suisse, confirms it had former executive board member followed after the domestic regulator opens a probe at the lender. China plans to reduce tariffs on more than 850 goods as it looks to boost imports in the coming year. According to the finance ministry, beijing will lower the rates for goods such as diabetes drugs and frozen pork to help with shortages caused by the swine disease. This as the second largest economy faces slumming growth and trade tensions with the u. S. President donald trump says progress has been made in the socalled phase one trade deal after a phone call with president xi on friday u. S. Leader tweeted he had a good conversation with his counterpart and a formal signing of the agreement is being arranged chinas news agency reported during the talk the chinese leader expressed deep concerns about the, quote, negative words of the u.
But the bank is hoping to close the deal by year end. U. S. Sends additional troops to the gulf. Iran threats are absurd. Its not the first time he said something ridiculous and laughable. The United States is our allies. The attack was against the whole world, not just saudi arabia good morning welcome to the program. We are closely watching the survey data this morning pmi after a weak read in on Germany Economy and france the numbers crossing for the eurozone, 50. 4 that is 50. 4 the flash pmi estimate was seen higher around 52, so it is weaker than anticipated but it is holding crucially above that 50 break even level. When it comes to the comparison to august, you can tell how quickly we have unwound to trade around the 50. 4 level today. When it comes to the deep level of pain across the eurozone, the manufacturing flagged up flash estimate at 45. 6 this is weaker than the 47. 2 anticipated. Also down probably 47 that we flashed up in august when it comes to services, and this is
And not for the faint of heart, the kickoff to the 2019 wingsuitflying World Championships where the height, sights, and speeds are out of this world early today starts right now good monday morning. Im Frances Rivera. And im p dornans dorians devastation is causing a crisis in the bahamas the northernn ruins. At least 44 people are dead, and that death toll is expected to rise significantly as many as 70,000 people are now homeless bahamas paradise cruise lines has been helping transport stranded bahamians by taking them to florida. Nbcs Kerry Sanders is there with more on the rescue missions. Reporter phillip, it doesnt matter which direction you look, there are signs of mother natures incredible power. Most people this morning have decided to leave this area, and those that have stayed behind are making plans to get out. After days of chaos and panic, an orderly exodus from the abaco islands for the weary and fatigued. I cant wait to get out of here. Whats it been like the last coup