And markets are back in the red as the number of cases of the coronavirus eclipsed 200000 this is the one business show you cant afford to miss in washington coming up markets are back in freefall despite proposed stimulus measures so where do we go from here we bring you expert analysis and the outlook for stocks moving forward and drop in travel the Aviation Industry has been slammed and now some manufacturers are asking for a bailout well break down the harsh beating the sector has taken we have a back pack show today so lets go dive right in. The u. S. Markets have taken a nosedive again wednesday as the Circuit Breaker was again triggered in the afternoon causing a 15 minute halt in trading on wednesday alone pointed to its lowest level in 18 years and theres a lot to get to here theres so much news so lets go ahead and bring in 2 bucks cohost christine who joins us from Los Angeles Kristie to break down this wild day on wall street. Certainly its like a rinse and repeat of earlie
Cant be sustained as the chart continues to make higher lows indicative of a bear market now that prices plunged again down over 24 percent hitting an 18 year low as the lock down to counter the pandemic resulted in an even greater demand shock than previously expected saudi arabia is contained just broad broad record high oil is of true 12300000. 00 Barrels Per Day over the upcoming months despite the slump in demand now as saudi and russia contain a battle for market share Goldman Sachs is forecasting a full to as low as 20. 00 in the 2nd quarter there doesnt seem to be anywhere to hide in this market accepting cash gold continues to be under pressure down over 2 percent as battered investor took to unwind damage positions and reduce leverage bitcoin on the other hand looks to be doing exactly what it was made to do as it is unscathed by the volatility this week holding its support level above 5000 proving itself to be the perfect asset in a financial crisis the Trump Administration
And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy products and netflix was slightly up this morning before giving up gains as a quarantine has forced Many Americans to stay a
Car, hanging on for his life. The driver refusing to stop. And buyer beware. A surge in porch pirates stealing Christmas Gifts from your front door. How you can fight back. Good evening and thank you for being here. President trump is savoring his first big legislative win hours after congress and a Party Line Vote passed the the massive tax overhaul, a practically giddy president took a victory lap at the white house. A back slapping celebration with lawmakers passing the tax cut is a critical win for the approximate the and his party as they approach next years midterm elections. The hope now that the large number of americans unhappy with the bill will learn to love it. Our chief white house corresp d correspondent Hallie Jackson starts our coverage. Good evening and it feels like a Holiday Celebration here at the white house with republicans betting there will be no political hangover. This tax plan will end up winning over more americans. Surrounded by his party, it felt like for
A Police Officer dragged by a car hanging on for his and a driver refusing to stop. Buyer beware. A surge of porch pirates from the front door. How you can fight back. Announcer this is nbc nightly news with lester holt. Good evening and thank you for being here. President trump is savoring his first big legislative win tonight. Hours after congress and a Party Line Vote passed the massive tax overhaul bill, a practically giddy president took a lap at the white house. A back slapping celebration passing sweep tax cut that is a critical win for the president and his party as they approach next years midterm elections. Their hope now that the large number of americans unhappy with the bill will learn to love it. Our chief White House Correspondent Hallie Jackson starts our coverage. Good evening. It certainly feels like a Holiday Celebration at the white house with the republicans bettg plan will end up winning over more americans. Surrounded by his party, it felt like for the president.