Facebook, amazon. A whole lot of the names moving this market higher giving back those gains. Joe pretty ugly all around. Off the lows but nowhere near the highs. Is,ess the consolation yesterday still up substantially on the week. Scarlet positive on the week. Down on the day, down on the year. In 2020. Ones down 9. 2 lets check in with our market reporters. Abigail im thinking about todays two top stories. Of course, the fed rate cut, the emergency rate cut, and the stock selloff. Investment traders thinking the fed has not done enough. There was another period of time when bond yields fell and stocks fell. That was in 2018. At that time, fed chair jay powell they were in a hiking mode and he indicated they would hike. They did. And became more dovish stocks fell off. Between that selloff and this selloff, even with the fed cutting rates, stocks going lower. Investors not liking the messaging, it seems. They should not be worried about message response although perhaps a looking for
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
Will prevail e. U. Commission president was left on the line and promises to help greece deal with a mass of refugees greece is blocking thousands trying to cross its border from neighboring turkey. Im told me all of it well welcome to the program. Projections from the democratic super tuesday primaries in the United States shows centrist joe biden taking the lead against his rivals biden has clinched victories in 8 states so far with an especially strong showing in the south exit polls link his success to strong support from africanamerican older and suburban voters meanwhile senator Bernie Sanders is projected to win the biggest prize california as well as 3 other states. Sanders is particularly popular with younger and latino voters. Earlier Bernie Sanders addressed a raucous crowd of his supporters in his home state of vermont and he was upbeat about his chances of becoming the democratic democratic partys president ial candidate but its a nod nod tell you were the absolute confide
North carolina. For Bernie Sanders, vermont. And right now were looking at alabama with polls are just closing, and that looks like it will be for joe biden. So three of the first four contests that we can comfortably report tonight go to joe biden who little more than, what, 72 hours ago was given up for politically dead. That was then, this is now. Whatever he was able to cobble together even in states that had early voting that came before his stunning performance in South Carolina, well, one of that materialized to be a big worry for him. Were going to be digesting all these numbers besides alabama, just closing right now, the states of maine, massachusetts and oklahoma have also closed. Tennessee, which was to close at this hour because of the hurricane, a lot of folks having difficulty getting to the polls right now, they will, in fact, be allowed to continue looking for places to vote until at least 9 p. M. Eastern time, in some parts of the state up to 11 p. M. Were going to be
Super tuesday voting begins in about 48 hours. Welcome to this sunday edition of washington journal. Joeill get your take on bidens victory in that democratic primary. We want to get your reaction to it. If you are a democrat, call 202 7488000. Republicans, 202 7488001 is your number. Isependents, 202 7488002 your number. We have a separate line just for South Carolina. Voters, tell us about your experience and react to the victory of joe biden. Here is your number, 202 7488002. You can also send us a text, 202 7488003. With that, please add your name and the town you are calling from. You can also weigh in on social media. Http twitter. Com cspanwj you can post a comment on twitter were on cspan. First 2020d courier, ahead of super tuesday, joe biden wins the rise of Bernie Sanders. Here are the figures from the voting yesterday. Joe biden, 48 point 4 in the primary, translating to 200 and 55,000 votes. Bernie sanders, 19 point 9 . Almost a 30 point difference. Tom steyer, 11. 3 . He