Here in berlin accusing us of confiscating a shipment of the much needed face threats and what theyre calling in fact of modern day piracy. A michael its good to have you with us china came to a standstill for 3 minutes to mourn those who have died of the coronavirus citizens across the country paused while cars trains and ships sounded their horns air raid sirens rang out and flags were at half staff in memory of the more than 3000 lives claimed by the virus in china in beijing president xi jinping joined other top officials wearing White Flowers in silent tribute. Lets go now to correspondent. In beijing china appears to be over the worst of its outbreak whats it like where you are in beijing is life essentially returning to normal. I wouldnt call it normal but yes its going back to everyday life. Again and as you mentioned the virus suppressed right now but theres a big a 2nd wave of infections the spread is far from over the threat is constant because they are silent carious of the
Falling 973 point, but the real damage was done in the small caps which got a lot smaller today. The small cap indexes, you name it, you can throw a dart and hit one, it was down 7 to 8 . Small caps on concern of the domestic economy taking it on the chin you also have to look at the big banks. Big bank stocks also in the red. You heard the gang before just talking about it and also focus on boeing. Boeing losing another 12 today. Another very difficult day for boeing and the airlines in general. Just a reminder, we of course, at 5 00 will be monitoring that White House Coronavirus press briefing when it occurs, if you have marketmoving headlines or headlines that you need to know, we will bring you into that as always, waiting for it to begin and well dip in once or twice during the show, as well welcome, everybody as said, im Brian Sullivan and we have a great trader panel we have tim, karen, dan and guy. The gang is all here, and karen finerman, i want to begin with you because i kn
Pirates. Im michael local its good to have you with us china has come to a standstill for 3 minutes to mourn those who have died of the coronavirus citizens across the country paula swell cars trains and ships sounded their horns air raid sirens rang out and flags were at half staff in memory of the more than 3000 lives claimed by the virus in china in beijing president xi jinping joined other top officials wearing White Flowers in silent tribute. Lets go now to correspondent. In beijing china appears to be over the worst of its outbreak whats it like where you are in beijing is life essentially returning to normal. I wouldnt call it normal but yet its going back to everyday life. Again and as you mentioned the virus suppressed right now but there is a big a 2nd wave of infections the spread is far from over the threat is constant because they are silent carry us off the virus theres also the important cases coming from Foreign Countries i mean many for example overseas Chinese Student
In 2007 and 2008. There are significant signs up. Ting to show european stocks pushing down towards session lows, 2. 1 . Seem to be a lack of belief, the policymakers at this the rightputting tools to work. Whether that changes today or tomorrow. Well wait and see. Is building. Alix steve, well get to the in a second. T uninvestable . Its hard to if you thinking about trading them for the next three weeks, thats probably not a good idea. Are very volt volatile now. Easily go lower. What were right to remind get 30 when you downdrafts in markets, which is where we are now, it never been sell. Ime to its been good if youre brave. The liquidityave to do that and you dont have the temperament to handle possibly another decline on threeyear view, its going to be a very good place to be. Its just not a good time to my best advice for people now is hold on. Were in a rocky time here. When the vix index get this this really once back in 2008 and 2009. Rampant, the thing is government has the a
The dow gaining 188 points, nasdaq surging 2. 3 . This is an important snap back because it gives us a glimpse into the future. Lets start with the set up. If you listen to the wise men of the hedge fund energy, theyre telling you believers will be crushed. They loved the market a month ago. Many of their fears are legitimate they have trillions of dollars in debt. The Oil Companies alone owe hundreds of billions of dollars. They cant pay it back in crude. Airline is toast supply chain could cost 60 billion. The hedge funds i listen to, well, theyre warning of 25 unemployment thanks to the government mandated lockdown. Thats not a great recession, thats Great Depression with a c. You cant have a Restaurant Industry if youre an allowed to go to restaurants. Hotels sold to you malls, malls are bowling alleys. Actual bowling alleys, baby boomer storage lockers arcane dollar trades, ooh, really scary, devastating. And as Small Business finished time to break out the apple stands and the sa