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Among, at least seven different other items that World Health Officials will look at, including the president of the United States before deciding at the end of this month whether to extend sheltering provisions or to start unwinding them n the middle that a bit of a constitutional back and forth whether the president alone can decide this matter. We have different reads of this. Well get into a little bit on this, some say that the president is wrong, states ultimately decide on this. The president granted them power when and how far to shelter, then they have the power to decide when and how to deshelter. Well get into that. It is a fascinating legal argument here, one might be a moot point if any of this progress weve seen reverses or slows, likely pushing back a timeline on getting everything back to normal. A lot of fast moving developments. Connell mcshane on the ....
In an Ongoing Investigation that now has its principle player dead. But first stocks in and out of session lows. Though not as low as we were earlier on, on the first hint of trouble in hong kong, the 10th straight weekend involving the airport. Susan li at the new york stock exchange. Hey, susan. Susan neil with all the uncertainty we have investors running into safety. 10year treasury testing a new threeyear low. 166 basis points, that is below the borrowing rate from the u. S. Federal reserve. Industrial, energy, consumer cyclicals all those names being sold off. In rather what i would call you a thin volume summer trading day. Some of the moves might be more exaggerated. Mcdonalds, home depot, accounting for 1 3 of the dows losses. The vix surging above 20. 20 is not out of the realm possibilities. It is not panic levels. We have to look at volatility. Goldman sachs getting all buzz on the trading floor. We started out ....
Interest rates in an environment that is not ideal, this is the same criticism of President Trump that said the Federal Reserve risks pouring cold water on a market rallies that been going on without abandon. That is until whats been going on in the last couple weeks. With todays fall off, the s p 500, the dow, are off better than 12 from their highs. The nasdaq about 17 from its highs. All into correction territory. What define as bear market . You get 20 or more. Heres the killer there. 2 3s of the stocks that inhabit the s p 500 are well into that bear market territory. More from Kristina Partsinevelos with what is going on. Kristina . Yeah, you saw this happened in the last ten minutes. This has to do with algorithms that are selling off shares like head funds and et cetera. All markets in negative territor ....