About how his company is positioned. And speaking of 5g, the chip industry stands to benefit from it all i talk to a guest on everything from trade to more. First, Steve Mnuchin downplayed the chances of a stimulus deal before the election. Lets get the latest on Market Movers with abigail doolittle. Emily it was another topsyturvy day and officially a bearish reversal third stocks open higher prior to Steve Mnuchin getting those comments around stimulus target to reverse lower. Once those comments were out, a stronger leg down to investors a little unnerved by the idea stimulus may not get done the election but there are nuances suggesting maybe some of the skinny deals will get done. 7 the500 is down nasdaq down. 8 . The data transport really helped out by the airline. Perhaps again on hopes around the idea that some sort of deal for the airlines could come through even though some sides are saying that cannot happen. Crude oil also happening so you could bring in the idea of a reope
And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Virus cases spiked, and the dow the market plunged. The Dow Jones Industrial complex entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Emily in tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. I asked Wedbush Securities dan ives for his take on the volatili
Threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. The Dow Jones Industrial complex entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Emily in tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares plummetted on the reality that customers are sheltering in place. Wednesday, i asked Wedbush Se
President trump has yet to detail any stimulus plans to stem a potential economic slowdown. Big tech names also feeling the pain. Uber and lyft plummeting amid concerns Everyone Wants to shelter in place. Lets get straight to Abigail Doolittle in new york. Give us the big picture on the pain. Abigail truly a brutal day for markets in the u. S. And frankly, around the world on these coronavirus fears, what the impact will be on the global economy, especially now it is being called a pandemic. Before we know the true scope in the u. S. , look at the decline for the major averages. Dow in a their market. S p 500 flirting with that territory. Investors want out of stocks. They get they cannot take the risk. Finished downy slightly at one point higher. That could do with the fact that they are offering around stimulus, something we are waiting for more details on later today. Lets go into the bloomberg terminal and look at what is happening right now for global growth. 4 e are the china dow
Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec