And amazon facing new pressures over protecting warehouse workers still on the job servicing all of us amid the outbreak apple making a muchneeded donations to epicenter of this countrys outbreak this is thursday, april 2, 2020. You are watching cnbc. Good morning. Lets get right to the markets stock futures you can see are green indicating a rise of about 341 for the dow, s p up by 35 and the nasdaq is implied up around 100 points. It would be good but for the fact that we saw some steep losses yesterday to begin the Second Quarter all three major indices down nearly 4. 5 with losses accelerating before the closing bell take a look at the bond market we are seeing some move in today as well. A hair below 6. 1 . Twoyear below 0. 234 . Turning now to oil, a huge move higher a surge. Wti up 9 . Ice brent up 9 as well. This is after President Trump said he expected saudi and russia to enter agreement soon they called for a challenging issue for the oil markets. Getting to the markets worl
For investors and the fed ahead of next weeks meeting. The National Association of realtors is reaching a settlement that some experts say will change the Real Estate Market as we know it. Zillow shares plunging on the news. We have details on the big news out of the world of real estate. After an faa audit found multiple violations, deliveries disappointed and a midair mishap injured dozens, boeing shares having their worst week since that january door plug incident. But, one shareholder is sticking with the stock. Hell tell us why. But we begin with todays market action. For that, we go to dom chu for the numbers. We have a down market today. Just about at session lows as we speak, with the dow down roughly call it 280 points a t this point, down about three quarters of 1 . The broader s p 500 currently is a hair above 5100. Down about 45 points. That represents session lows off about more than almost one full percent. At the highs, we were still down, but only a modest 14 points. So
The equities in europe are opening up and will get our attention. Before the open, the bond yield what is the market trying to tell us . And that isan open with manus cranny. The equity markets are showing a little bit of trouble and there was the green screen. Down and thesas financials on the downside. Again, europe is under pressure and this is a point of argument for the rest of europeans. We have more bad news and they are rising. A compound on industrial you take that within germany and that begins to change the argument. The big driver and the move to quantitative easing. Pimco and hewith said it was 5050 and we will wait and see about the rhetoric today from mario draghi with russia and how much they have impacted the story of growth. Reports that the impact of sanctions from russia and european sanctions into russia offvice versa could knock. 4 . That yount improvement are seeing in european stories andd be wiped out quickly caroline will break that down a little later. You ha
Verizon is holding up the best along with merck and walgreens but all still lower. S p 500 down 3. 6 . We are looking at our worst day in a while the nasdaq down 4. 5 , worst day since june for the nasdaq. Tech is the hardest hit right now. As weve been seeing in this bear market when Interest Rates spike, the 2year yield is at the highest level since 2007 and those Interest Rate sensitive tech stocks are getting slammed. Ill give you a live look at the worst performing s p 500 sectors right now. Again, every sector is in the red. At the very bottom of the list as you can see communication services, technology, discretionary, financials and real estate. That yield curve inverting even further where the 2year yield spikes over the 10year yield, a signal of recession. Were all over this market recession. Weve got a great lineup of guests including david zerbos, anastasia ammaroso, dan niles and jason thomas well start with the market dashboard. Our senior markets commentator mike santoli
Like it is this year. All four times the s p not only preserved those gains but rallied right into the new year. I do not normally put that much stock in monthly Historical Data but if a pattern has been replicated 100 of the time i have to believe theres something to do it. That makes you want to. Buy buy buy. When we have weakness even for part of the day. And then the nasdaq actually declining. 06 . Probably stuff to buy there. Now, there are Amazing Companies reporting this weekend but those earnings will be dwarfed by two other events. The pricing of the twitter deal and fridays october nonform payroll report. Let me tell you how you have to navigate these waters with those two. I like the company where i can be found at jim cramer wearing my dead mouse halloween outfit. So go there after the show, of course. Its going to be a great investment. Unfortunately most of you will not be able to get in because its too hot and only the Biggest Commission producing clients are likely to g