Hes here in a fox business exclusive about this new bacteria. The covid19 lockdowns forced many to whip out the credit card and buy essentials online. A publicly traded company is making all those transactions work. The incoming ceo is a wall street veteran who survived 9 11, the financial crisis and now the pandemic. He will tell us what he saw in early january that told him get the employees to work from home and out of a crowded business area. That was well before just about every u. S. Company had even heard of covid19. Charlie breaks it on the big name Trading Companies refusing to sign on the dotted waiver line that the nyse requires to walk on to the Trading Floor. And 24 hours before the dragon capsule roars into space. Less than an hour til the closing bell, lets start the claman countdown. Liz breaking news. They are testing the systems right now. We are just over 24 hours away from history as spacex prepares to become the first commercial Space Company to launch american ast
Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
Dragged down by the more powerful bond market taking 357 points, s p falling. 82 nasdaq advanced a basis point, stunning comback but lets not get too carried away, still the worst woke for the averages since the financial crisis the bond market is bigger than the stock market we dont talk about it because its boring. But its important to the direction of your portfolio. Everythings wrapped up in bond yields always has been. I learned that 40 years ago. There are multibillion dollar programs that sell stocks whenever those yields go down. Its form got as lows a 1. 1 today, closing at 1. 16 thats a record low level, signaling the economy is growing weaker, and quality investors hide money in fixed income, coronavirus supply chain the bond market is screams that the coronavirus is far worse than most people realize Global Commerce will take a real hit and it might even be something similar to 2008 when all hell broke loose i cant tell you whether the bond market is right im not an epidemi
He wants facebook and google to peak when lawyer s it comes to tracking user data. And later, bill gates on how being seriously hampered by u. S. China trade tensions. His comments from the Bloomberg New Economy Forum. But we begin this hour with apple. The company made news on two fronts this week. The first president trumps visit wednesday to apples austin, texas factory. Cook at the president to discuss keeping macs and iphones free from tariffs. The other news involved the way apple tests software. It is changing after a series of bugs marred the latest iphone and ipad operating system. Mark gurman and tom forte kicked off the conversation thursday. So, basically apples ios , software has been bugging the past few years. This particular release cycle, catalina, it mac os has been especially buggy. What apple is doing is going to make it so that engineers, earlier in the process, can determine what is working in order to hopefully come up with a much more stable operating system whe
Hampered by u. S. China trade tensions. His comments from the Bloomberg New Economy Forum. But we begin this hour with apple. The company made news on two fronts this week. The first president trumps visit wednesday to apples austin, texas factory. Cook met the president to discuss keeping macs and iphones free from tariffs. The other news involved the way apple tests software. It is changing after a series of bugs marred the latest iphone and ipad operating system. Bloombergs mark gurman and d. A. Davidsons tom forte kicked off the conversation thursday. Mark so, basically, apples ios software has been bugging the past few years. This particular release cycle, with ios 13, macos catalina, it has been especially buggy. What apple is doing is going to make it so that engineers, earlier in the process, can determine what is working in order to hopefully come up with a much more stable operating system when they ship each september. Taylor tom, i know that you cover the fundamentals of th