Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats
League is the latest coronavirus casualty all games are off until april at the earliest. The us president has declared a National Emergency over the coronavirus pandemic and says likely he will soon likely be tested after possibly being exposed announcement for his a 50000000000. 00 to address this growing crisis that he has actually downplayed hours earlier the World Health Organization said the epicenter had moved from china to europe or italy has the highest number of infections and its spain a sickly are in an emergency as other e. U. Countries close their borders and in 2 hours from now u. S. Travel ban from most of europe will come into effect lets begin our coverage with alan fischer who is in washington d. C. So allan donald trump a spent weeks trying to say that this isnt that big of a deal hes used the term hoax hes tweeted a quick turnaround how effective might this be to really get things done. Well with more than 40 deaths with more than 2000 cases they cleared donald trum
It is now much harder for most europeans to enter the United States with a month long travel ban on people arriving from 26. 00 countries now in effect President Trump took the drastic measure saying the e. U. Was too slow in reacting to the break of coronavirus hes also declared a National Emergency freeing up billions of dollars to fight the pandemic to unleash the full power of the federal government that the separate today i am officially declaring a National Emergency 2 very big words the action i am taking will open up access to up to 50000000000 dollars of. Very importantly very important and large about of money for states and territories or look at all of these in our shared fight against this disease colombia has Just Announced it will turn away visitors whove recently been in europe and asia and its closing its border with venezuela a major crossing points of people trying to flee that countrys economic crisis while new zealand has taken the step of forcing nearly everyone e
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0
Point. Hang seng was up more and in europe theres active trading taking place with the early hours and youll also see that there are, well, its a bit of a mixed picture. Stocks are slightly weaker across the rest of the continent there. In the treasury yields here in the United States, thats what we continue to watch closely theres questions about what the fed does next and right now the ten year picked up a little bit of steam its 2. 073 . The ten year at 1. 584 so about 1. 5 and then the two year, look at that 1. 558 so no inversion at this point and you are seeing a little bit of gains in the yields. Thats a pretty big move. A quick move back. Right were not following it that closely. And the 30 year is well above 2 i think just psychologically its always like this but we give it to up days not just us but the collective we theres a point we were down 250 but we only ended up down 250. Right. But we did 372 yesterday but its very its the biggest two days of gains you have seen for s