Even, this was hovering a little north of 1200. Through crises and noncrises alike gold continued to steady climb you really cant ignore. What is interesting this is spread across a lot of the commodities. Look at silver front, up an additional 2 3s of a percent. Here is eyepopping. Palladium, so crucial in manufacturing processes, futures market close up to 5 . That is alltime high for palladium prices at 2442 an ounce. Well get into that in more detail. One thing for investors to hedge their bets, go into bonds and all, this Development Goes on regardless of crisis mentality of coronavirus virus. Particularly when it comes to gold. Now to pa late yum. Well get into that in a second. As we rifle through big numbers. Susan li on i latest trend producing them. Susan neil, shock across markets. Floodgates according to one analyst because of impact of coronavirus. Apple warning they will not meet sales targets because factories are closed in china because of the coronavirus. Workers are s
Well, it you probably had inheard that but you will today and so much more on making money. The Trump Administration throwing a lifeline to huawei giving them another 90 days to buy supplies from u. S. Companies. As china cutting Interest Rates to head off potential recession there. Edward lawrence live at the white house with the very latest on the trade feud. Edward . Theyre trying to get stimulus for the companies and what not there. The later this afternoon, the president meets with the u. S. Ambassador with china on relations in hong kong. The Vice President said any trade deal with china will be on our terms, not chinas terms. The two big issues happened with huawei. First, u. S. Identified 46 new entities and affiliates of huawei, added them to the entity list. Second the president threw them a lifeline, a delay of 90 days, so companies can continue to sell to huawei into november. Commerce secretary wilbur ross says this to allow more rural areas in the u. S. To move away from
Lori rothman has Market Movers from the floor in the nyse. First to the cme and trader Scott Shellady. Many analysts blaming the drop in oil prices for the market loss, scott. Weve seen other days with 3 oil drop that didnt lead to 250 point drop in the dow. So what else, what else is going on besides oil . Well, i think the underlying problem here is the fact that weve got equity prices overstretched because of free money. I have said before, you know, we dont have Interest Rate problem here in the u. S. But the fed has an Interest Rate problem, right this they have pushed us out the risk curve looking for yield. That is the big problem. No, we dont have a problem with our Interest Rates as a country but the fed has to find a way town wind this thats why this little hiccup here sent things tumbling down. Bearish news in oil sent us lower didnt help things. But it is still the fed with Interest Rate problem, not the economy. David almost an impossible problem. Scott, you will join us a
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