As many as 100 employees at amazons Staten Island, new york, Fulfillment Center, plan to walk off the job claiming the company is mishandling its response to the covid19 outbreak we speak to the protest organizer coming up. Its march 30, 2020, and you are watching cnbc. Good morning and welcome to the show im dominic chu kicking off this monday morning with markets in turmoil once again after the dow fell nearly or more than 900 points as you can see on friday wall street is looking to pick up where it left off futures indicate 165point drop at the opening bell. If these futures moves hold, the s p down by 10 and the nasdaq up by 1 point at this point this is, by the way, the first time in about a month we havent woken up on a monday morning with futures socalled limit down or stopped because of downside price action. Checking the futures over the past 12 hours, you can see the move has been pretty volatile. Weve seen green substantially at one point all the way down to where we are no
Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
The Halftime Report begins right now. Welcome good to have you with us on this thursday our Investment Committee at our table, joe terranova, jim lebben thal, John Najarian, Jenny Harrington harringt harrington ceo and portfolio manager. Lets begin on the markets stocks higher on reports of a possible detente in osaka. Kayla tausche on the ground in japan with her own reporting on exactly where things stand right now. Kayla . Scott, both the u. S. And china are trying to manage the narrative of exactly who would stand to get what if there were a truce or a potential deal that emerges from a meeting between President Trump and president xi this week. In a call held earlier this week on monday, between the u. S. Trade representative Bob Lighthizer and the vice premier of china, china was said to ask for a balanced deal, something it has asked for in the past and im told by two sources that ambassador lighthizer responded a balanced deal is not possible because of all of chinas past trans
Traditionally, for stocks. Dow is usually down more than 1 on average does that hold true to form this time listen, i dont know if history is your guide on this. I think the relevance of whats going to happen here in september is really about the tremendous amount of obstacles that the market faces right now. And what do you do with that do you allocate new money . Do you expect a correction to be coming right now i think the best strategy, when you look, is to be defensive if hedge things out, if you have the ability to use options or the ability to access the volatility market, i think those are the right things to do because i think the certainty about september is that volatility is going to rise. Predicting which direction overall the market is going to go, i think, by the end of the month, that would be a fools game but im rather certain that volatility will be spiking interesting way you put it. A tremendous amount of obstacles, you say lets go down the list what are we most wor
Welcome to power lunch. Im melissa lee. Stocks right now are mixed actually all in the red right now. Amazon, though, hitting a new alltime high in todays session. Same for tesla, that stock trading above 300 a share for the first time ever. And take a look at gold hitting its highest level since february 27th. Tyler . Melissa, thanks very much. Im tyler mathisen. Glad you could join us on a rainy tuesday in new york. Here is what else is happening this hour. The u. S. Trade deficit falling in february as exports climbed to a twoyear high. Cleanup efforts under way from texas to the taerls after another stripping of severe storms ripped across the south. Five stormlegalitied deaths reported. And tony romo apparently hanging up his helmet and cleats for a microphone. Espn reports the cowboys quarterback will end his 14year nfl career and go into broadcasting. Michelle . Welcome to the business. Thanks, tyler. Im michelle carusocabrera. We have a lot to do today. We begin with a big head