Joe nowhere to hide. Really ugly back to back days to start the week. Scarlet there are plenty of places to hide. Joe 10 year treasury, swiss franc. Scarlet japanese yen. We can go on. Two charts to put this risk asset selloff in perspective. This is very simple. On bottom, bonds of top the one asset class doing well over this time period. On bottom, we have crude, copper. In white, the s p 500 down 6 . Composite in blue, down just 0. 75 may be a benchmark here. 500reason to think the s p will join the dow transports. The 200 Day Moving Average in yellow. On friday, you can see the dow transports going right through the 50 day average. When the dow transports in the past has gone below that 200 Day Moving Average, there has not been an exception. This chart would suggest more term,at least in the near for the s p 500. Worstooking at one of the performing sectors in the s p 500. 4 , theals down about worst slide since 2011. That is as fears of the coronavirus continue. One of the larges
Has reached 11. On wednesday, california recorded its first coronavirus death. The virus has also spread to new york, where Governor Andrew Cuomo issued a directive requiring Health Insurance to wait cost sharing for coronavirus tests. But what if you dont t have health insnsurance . The coronavavirus is a gret argument for medicare for all, but so are a lot of other things like all of those diabetics who cant afford their insulin, which can cost about 1000 a month. People with high Blood Pressure who cant afford to go to the doctor and get their Blood Pressure control. Amy we will host a roundtable discussion with Steffie Woolhandler dr. , elisabeth and new york state , andor Alessandra Biaggi we will go to seattle, washington, the other ground zero of the coronavirus in the United States, to speak with socialist Councilmember Kshama sawant. Then we look at Voter Suppression . The long wait times plagued in polling places from texas to california throughout super tuesday, especially i
Volumesaining 4. 5 , higher than average. Thethe dow, about 76 above 20 day average. For the nasdaq, about 50 above. Romaine as far as some of your leaders, kind of a mixed bag. Scarlet cosco comedy that costco, the best performer in the s p 500. I am thinking about volatility. Extraordinary gain as you and romain were talking about. More big moves to the upside and probably the downside are ahead. The spring500 during and summer. When it broke, it broke into huge moves. Both the upside and downside. We are looking at the best day since then. Relatively small moves, especially in the last quarter of last year. These huge, with moves to the downside, volatility is back. Volatility breeds volatility. There is probably more ahead as investors try to figure out what this coronavirus will mean for the global economy. Like most sectors, financials did really well despite the fact that the outlook for Interest Rates is not great. Treasury yields, new lows again. Financials were among the hard
The appropriations subcommittee on labor, health, and Human Services, education and related agencies will come to order. Thank you, secretary azar, for being here. It has turned out to be a more eventful week than we anticipated, but we are grateful you have shown up as we asked to at the time we asked you to. The budget you suggested, the request, many of the same kinds of cuts that occurred in 2020, and i am sure we will have questions about that. It is not unexpected. I think you will recall when i called you with the final budget numbers from the 2020 budget. My first comment was, the good news is you didnt get what you asked for. Hopefully, that will be the case again this time. But you propose a 10 cut, similar cut you proposed in the past in programs that we would be very reluctant in the Health Care Workforces and preparedness programs and research programs, all that we have been about earlier today at the members reading on the current virus. Home energy, rural programs we wou
Softbank continues to design a plan for wework despite signs that the startup prefers jpmorgan. Afterflix shares jumping investors concerns are called about a concern back home. We are seeing u. S. Futures unchanged this is after u. S. Stocks fell in the regular session. We had tech and Energy Leading the declines on the s p 500. We also had treasury yields declining today. We have u. S. Retail Sales Numbers that came in and contracted missing expectations. Up the sentiment for potential rate cuts coming later this month from the fed. However, we did see the pressure continued to mount as we also had china saying they would retaliate if u. S. Congress is up to have legislation in hong kong. Sentiment not great across markets. We saw the u. S. Dollar taking a dip. Lets take a look at asia. More of the same with sentiment taking a hit. Take a look at how futures are setting up and asia. We are seeing a mildly positive start when it comes to trading in some parts of asia. We have japanese