Dow. Stocks are having a nice bounce on some renewed optimistic about reopening the economy in various states of the nasdaq closing in on going flat for the year oil is up on signs of gas repairing. A general believe in a Third Quarter rebound has some exists warning too much optimism too early. For that we will turn to steve lease man. Carl, good morning. The rapid update does indeed show this historic, unprecedented Second Quarter decline. A Third Quarter rebound. And i want to talk about that. The Third Quarter rebound is even more ingrained. Stocks trade on this idea after we get through the Second Quarter, you will have a Third Quarter rebound. Down 34 after minus 6 . Up 16 in the third. Up 12 in the fourth 7 in the first quarter. Not enough to make up for the year where the average of our 11 economists is 5 decline but take a look now at a bunch of outliars. They are contrarians on the street on this Third Quarter rebound. The q3 rebound bears bank of america, minus 1 . Rsm up ju
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
Across the countntry a and pose Serious Health and economic threat. An Emergency Declaration would allow governors to order School Closures and ask people to stay home. The law would also enable governors to use land or buildings for emergency medical facilities without the owners consent. Japans top Government Spokesperson says an Emergency Declaration could have a grave impact on peoples lives. Translator the Emergency Declaration will require a careful decision based on expert knowledge from various fields and will take into account the opinions raised in the diet. Some lawmakers expressed concerns over how an Emergency Declaration would affect the individual rights and privileges of citizens. Others said the government would have the responsibility to explain its actions if it decides to declare a state of emergency. The International Olympic Committee Says it will leave it up to the World Health Organization to decide the fate of the summers Tokyo Olympics. Ioc president thomas ba
Bremmer, and Gabriela Santos the dow is down now almost 700 points again coronavirus fears sending the market plunging. The dow falls at one point more than 1,000 points at session lows all sectors going into correction territory which means 10 off their highs. Stocks are off to the worst level of the session after jay powell came out with a statement saying the fundamentals of the u. S. Economy remain strong and bond yields are plunging again sending Mortgage Rates to their lowest levels in eight years joining us for the hour, the final hour of trade is lindsey bell from allied invest. Also with us is senior markets commentator mike santoli as always to take you through the bell lindsey, what are you getting from some of your clients and what are you telling them . Our clients are retail clients. They are definitely concerned. So were telling them first and foremost, please do not panic. This is why you should have an investing plan in place. And always go back to that plan to reasses
Coronavirus induced volatility plus quarterback buoyed by a string of super tuesday victories for the former Vice President. Is the contender for the democratic valuation former investor jeff ubben, never seen anything like this and says why it makes Value Investing impossible the fed announced a 0. 5 rate cut. Stocks looking to recoup most of yesterdays losses which includes a drop in the dow of 785 points jim, once that tenyear broke 1 , wow. Could you not take your eyes off of this price action look, i think that i was struck by the rate cuts. I didnt like jay powell you cant say listen, the fundamentalless as are sound bue need a gigantic rate cut that means the fundamentals arent sound i didnt know we were that bad off. People either way we are bad off or powell knows something and to see that you get a Biden Victory and maybe things bounce back a little is encouraging and mostly because its just about the tenyear the tenyear drops to 9. 8, then everything you see on your screen t