Yesterdays market turmoil. Certainly, futures are doing better than the carnage of yesterday. Mohamed elerian will be joining us. We will get to dr. Elerian soon. What did you see in the literature overnight about able or a bear market reversal . Bearbowl a bull or market reversal . Jonathan the driver the last few weeks has been the sequential movement we have seen. The limits of normalization, the limits of recovery. Iec think several states in america this week, that is what to keep in mind in this market. What i found fascinating was the separation of Ig Investment grade from real, tangible carnage in high yield. First of all, oil prices are tumbling the most since april. That was the main driver of what we saw in the highyield space. All through the market, you saw this grab for cash. A return to what we saw in march. We saw the dollar surge and goal declining. People looking for cash to offset risk positions. ,t raises the question again what does this say about the feds ability
Im annemarie green. The coronavirus pandemic marked a new threshold here in the u. S. Infections are confirmed in all 50 states. Nationwide, there are now more than 6,300 reported cases and more than 100 deaths. Across the country, local officials are taking aggressive action to curb the spread of the virus. New york citys mayor is considering a shelterinplace order for more than eight Million People who live here. That action is already in effect for People Living in parts of northern california. Meanwhile, hospitals are in desperate need of more protective gear to handle the outbreak, and theres growing concern over whether theyll have enough beds and supplies for infected patients. In washington, congress is working on what may be the largest bailout in American History to rescue the u. S. Economy from the pandemic. Gwen baumgardner is in london tracking all of the detais for us. What is the latest on this stimulus package . Reporter hey, good morning, annemarie. The government is h