Are the three most important things investors should be thinking right now. The u. S. Stock market plunged this past thursday and swung wildly on friday. Was it just a hiccup or a sign to take profits . Big banks are weathering the economic downturn better than feared. Why its time to size up their shares. And billionaire Warren Buffett just went on a shopping spree for stocks in japan. How u. S. Investors can follow his lead. On the barrons roundtable, my colleague, ben levisohn, carlton english and al root. Ben, the stock market actually fell late this past week. I had forgotten it can do that sort of thing. What happened and how worried should i be . Well, ask three wall street strategists, and youre going to get at least five different answers about why stocks fell. But really this had to happen. Stocks just had an amazing august led by tech stocks. They just kept going up and up and up, and they started september the same way. With high dividends, 3m, chef chevron, dow. They could
Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem like theyre a little upset by yesterdays pullback you ment
Data, the u. S. Saying that beijing underplayed the number of cases and deaths. And we work may take legal action that softbank wants better terms on theirh rescue plan. Haidi . Inflationary pressures or lack thereof from south korea coming through the cps for the month of march. We are seeing a contraction of 0. 2 , better than the contraction we were expecting of 0. 4 . That is a month on month figure for Consumer Price pressures and south korea for the month of march. In atmber on year coming 1 , so a little better than 0. 8 expected, a little softer from the 1 reading in february. Expectingse have been some demand as well as the impact of lower energy costs, lower oil costs, the plunge in oil prices, down an average of almost 50 year on year so far this month. Debtor february february data carried through, and you would expect that to carry through to april as well. That is the south korean numbers. We have been looking at a lower open going into the trading in seoul and tokyo. Let
Deb. I want to talk very briefly about two or three things. First, the issue of testing and how that has changed the complexion of the approach we are going to be able to take. Testing was an issue, many questions of testing in this room for number of times. Now that we literally have hundreds and hundreds of thousands of testing out there, there are a few things we could do with that. One of the things is when we make policy of what we are going to be doing with the rest of the country, particularly those areas that are not hotspots, we need to know what the infection is there. We need to put a light on those dark spots that we dont know. We have to act policy wise on data. We are going to be getting more data, a lot more data. The other thing is the areas of the country that are not hotspots, that are not going through the terrible ordeal that new york and california and Washington State are going through, they still have a window of significant degree of being able to contain. In ot
Banks and Energy Companies leading. The tenure u. S. Yield back up to 50 basis points. It was below that all morning. Nymex crude down about 20 . As you know, saudi and russia in a bit of a war here. 33. 22 is the price. The dollar and Oil Currencies are mostly trading with big ranges right now. Lets get to our second board to see more action. You could look anywhere today and see a lot of action. Highyield, that Circuit Breaker was triggered as well. We are down about 5 right now. Dollaryen at 1. 0240. All of thelooking at markets throughout the next hour. Guy the best way of doing that is to take a look at the gmm, the function on your bloomberg which will give you an idea of what is happening around the world. The brazilian markets halted, limit down. The ftse is off by 7. 25 . The dax down by 7. 1 . The s p now down by 5. 88 . The russian ruble, oil prices the center of this story, down by nearly 9 . Brazilian real off by nearly 3 . The euro catching a bid. The dollar on offer agai