Which is indeed making a comeback. The latest numbers show a sharp increase in new cases, running to about 40,000 a day. The virus task force reconvenes today for the first time in two months. Some states are pausing their reopening program. That is a warning to the nations economy and the rebound. The wall street journal, this is an important warning for the president. The powerful Editorial Board bluntly said hes heading for defeat. Thats a warning for wall street, too, because a biden win would be a real challenge for stocks. So where are we this morning . Warnings duly noted. Ive got some red arrows there. The dow is down about 180. The s p down about 10. The nasdaq down about 15. Red arrows for three indicators. All right. Im going to call this a positive. Remember the mob that threatened to take down the lincoln emancipation memorial . They were supposed to attack it at 7 00 eastern last night . Well, it rained. The limited number of people who showed up retreated to shelter. The
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
500. Hi everybody this is bulls bears thank you for joining us im david asman joining me on the panel today Jackie Deangelis , adam lashinsky, jonas ferris and gary b. Smith good to see you all. Here is white house economic counsel director larry kudlow giving the good news to our own Stuart Varney earlier today. Listen. Usmca can i just pause on this . I mean, these kinds of trade deals are like tax cuts. They open market, they lower barriers, they provide strong domestic content on usmca just to here is the deal. You look at the midpoint of the Economic Growth estimates. It will add threequarters of a percentage point to gdp. It will add more or less 35037 5,000 new jobs per year, and probably at least 100 billion additional direct Foreign Investment into the united states. David so Jackie Kudlow is arguing what we have is a fiscal stimulus that this is going to make us grow a lot more than we have been. I dont think hes wrong in that regard and were watching see how it actually impa
500. Hi everybody this is bulls bears thank you for joining us im david asman joining me on the panel today Jackie Deangelis , adam lashinsky, jonas ferris and gary b. Smith good to see you all. Here is white house economic counsel director larry kudlow giving the good news to our own Stuart Varney earlier today. Listen. Usmca can i just pause on this . I mean, these kinds of trade deals are like tax cuts. They open market, they lower barriers, they provide strong domestic content on usmca just to here is the deal. You look at the midpoint of the Economic Growth estimates. It will add threequarters of a percentage point to gdp. It will add more or less 35037 5,000 new jobs per year, and probably at least 100 billion additional direct Foreign Investment into the united states. David so Jackie Kudlow is arguing what we have is a fiscal stimulus that this is going to make us grow a lot more than we have been. I dont think hes wrong in that regard and were watching those gdp numbers very c
we get the breeze although it is not looking as strong. i mean 18 is way down out of travis. we will see zoo if that holds. that s an indicator warmer inland. 50s, 60s on the temperatures. to the north, we show up, no you won t. see this is live tv. we do have a quiet day. fog and low clouds will retreat. 60s, 70s and 80s. mid-80s now to the interior. here is a man who never has commuter issues, mr. sal castaneda. that s right, steve. good morning, everybody. we have slow traffic already on the altamonte pass on westbound 580. we are going to start there. commute is a little slow on some of these spots, 205 and before the altamonte pass. minor slowing. once you get to dublin, it looks good, hayward and castro valley. 80 request and oakland, track here is looking good beyond construction work going on. if you look at the bay bridge, it s light. back to the desk. there are 8 victims from the gilroy garlic festival shooting who are still in bay area hospitals. five are at va