A payroll tax cut to provide shortterm stimulus, pu sources telling cnbc the white house is far from ready to roll out the proposals and a number of Companies Cutting their dividends and Spending Plans guests this afternoon, the ceo of jet blue as the company pulls its guidance due coronavirus jim oneill joins us to discuss the Economic Impact and government responses around the globe and what to do with your money now. David herro will join us as we count you down into the close. 59 minutes left of trade joining us for the full hour, paul hickey and paul, you guys have been doing some research as to how key and how stomach churning this final hour of trade has been this really is the most important hour of the day lately over the last ten days zblsh repeat that. Most important hour of the day. Over the last ten trading days, weve seen an average move of 1. 1 in the s p 500. Weve only seen that five other times going back to the early 80s last 15 minutes of trading, average move of. 8
And betting on a deal, Tilman Fertitta approaching cesars about a possible merger. Could it happen . And if so, how what would the structure be . Investors cheering the deal right now. And its official, recreational pot is legal now north of the border in canada how this grand experiment could play out and who will be the big winners and losers . Well explain on power lunch, which starts right now and welcome to power lunch. Im melissa lee. Another wild day on wall street. The dow is down more than 300 points earlier in the session, and then went into positive territory briefly, but we are down once again. Ibm and home depot, the biggest drags. Energy, one of the worstperforming sectors crude oil hitting its lowest level since midseptember, dipping below its 50day moving avera average. Retail is also under pressure. The xrt on track for its first negative day in four auto parts suppliers leading the declines winnebago are rallying the rv maker beating profit and revenue expectations do
Warburg Pincus, through its affiliate Highdell Investment, cumulatively sold 8,67,29,971 shares at an average price of Rs 338 a share, bulk deals data on BSE and NSE showed.
Kalyan Jewellers India saw huge activity in bulk deals, while Cohesion Investments and Madhusudan Kela JV, Cohesion MK Best Ideas Sub-Trust picked up Rs 8.49 crore worth of shares in Indiabulls Housing Finance.