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
Said where we were, down 24 points is less than 1 . The nasdaq turning positive at the end of the trading session, barely so well see if we settle above the line, fox Business Team coverage to give you perspective on this day and week with Jackie Deangelis on the fourth the new york stock exchange. Phil has been a busy man watching all the action. In chicago at the cme. Jackie for steve. Reporter liz said, she was leading into trader fear taken a sigh of relief that the day is over and the week is over. It was a steep and volatile session for the dow today, 1085 we were down on the session low closing lower by 352 points. That was actually positive when it came to the action that we have seen but the dow, s p 500, nasdaq were down more than 11 this week well into correction territory, more than 10 lower from their highs and down for two weeks in a row for a matter of fact. It was pretty steep selling for the last seven days and traders just said this was unprecedented. You mentioned th
Into correction. Meaning theyre more than 10 down from the highs. Selling has been hard, fast and really until late today a bit indiscriminate hard to believe that just last wednesday we were talking on this very show about alltime highs. Since then, the Broader Market down 13 18 s p 500 stocks lost more than 20 this week. All told, the s p 500 wiped out nearly four trillion dlarps in market value over the past ten sessions thats the budget of the United States of america. So, guy adami heading to the weekend, im pulling a fast one on you fast money one on you you. Fire away. The big violent move up into the day you know the chatter im not saying anything out of school maybe the fed steps in over the weekend and does something do you think we see something from jay powell and company this weekend your buddies. A consolidated Global Central Bank thing which the answer is yes why they think that will be effective in this is jond my scope. Im not an economist its more madness on top of th
Greatest cities. Its unusual in such an urban area to have so much open space that were bringing back to nature and getting kids, families, seniors, everyone out into nature right in their backyard. Reporter but theres also a plan to create a state of the art Va Medical Center here and a National Cemetery holding the cremated remains of former military members. Were a coast guard city. The city is very proud of its navy roots, and the opportunity to see the former Naval Air Station become a final resting place for veterans is very eloquent and its a very nice fit for whats going on. Reporter the cemetery will start with 25 to 30,000 niches or burial container, and with the local military cemeteries already full, families have had to face the prospect of burying their loved ones far away. At the rate were going, that 30,000 will fill up the day it opens because i know many veterans, including my family, have ashes at their homes. We cant even reserve a space until the actual facility is
Cancellation of all large events. All of this is happening as were talking about thi in. Iously games but other the cdc, the coast guard and the state try to figure out where it can include se distancero the grand princess should come into port. The cdc and the state are considering a number of locations including San Francisco. However, where the ship will dock will be dependent on if the location can enact the proper cdc, state and local protocols and has the infrastructure to protect the entire community. The grand princess is in the spotlight after several passengers who were on the previous cruise were infected. One of they will, a 71yearold Placer County man, died from the virus. We have Team Coverage on the outbreak. Leslie brinkley spoke with passengers on the grand princess. And new details about it and Dustin Dorsey is checking on how vulnerable your pets may be. We begin with Leslie Brinkley who is live in San Francisco. Leslie . Reporter weve got communication going with se