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Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining us for the full first hour of the show, lindsey bell from ally invest they have 7. 85 billion in total customer assets. Shes here along with our team of reporters to break down this massive market sell off. Bob pisani is on the floor of the change Brian Sullivan covering the Oil Price Collapse mike is here to look in the the ma ....
Right this hour, where there is still here one hour left of it. Good to have you with us here for closing bell. Im Contessa Brewer in for sara eisen today. It has been a big year for stocks the dow, the s p, the nasdaq all on pace to close the year higher by more than 20 well tell you which names have seen the biggest gains and with tech up by nearly 50 this year, well have an exclusive interview with Tech Hedge Fund giant, dan niles. Hell give you a peek into his 2020 playbook. Also, we didnt answer bills question lets do it what is your drink . Whatever gets put in front of me great answer. Very good answer, indeed mine might be an Old Fashioned tonight. We shall see but we have to get back to the show lets take a look at whats driving the show 59 minutes left. Were down 40 points on the dow. A little bit of rebalanci ....
Saudi aramco brushes off concerns. The fed says the u. S. Is in a good place and the data justifies keeping rates on hold. We hear exclusively from the vice chairman. Marketsck check of the close on the friday session in the u. S. We saw fresh records for u. S. Stocks with the s p 500 dating 1 . Energy and materials led to gains. Oil jumping the most in six weeks on a more positive, solid jobs report, not to mention optimism on demand as we saw chinese manufacturing data more positive. We also had positive trade sentiment with that China Commerce Ministry saying the u. S. And china had achieved a consensus in principle. The nasdaq gained more than 1 , the dow gaining three hunter points. 300 points. We have asia stocks set for gains after the rise on wall street friday. We had this week a lot of focus on chinese trade data, along with policy decisions from policy in Sout ....
Fbn a. M. Starts right now. Hey, hey, hey, its a Beautiful Day. And i cant stop myself from smiling. And i know theres no denying. Its a Beautiful Day the sun is up. The musics playing. Cheryl it is a Beautiful Day. Welcome to fbn a. M. Im cheryl casone. Ashley good morning, everybody p. Everybody. Im as ashley webster. Cheryl ahead of the jobs report and more importantly a broad gauge of Manufacturing Activity before the bell, futures are higher, slightly, dow up 41, s p up 5 and a quarter, nasdaq up 19 andahalf. Ashley take a look at whats been going on in asia. Generally positive. The nikkei in japan is up a third of a percent. The cough kospi is up 8 10 of a percent. Cheryl a busy brexit week for the folks in london. The ftse is higher this friday. And the ....
Half a dozen fed officials speaking today as the growing rate debate simmers. Speaking of the fed, two perfect guests, both officials who served on the fom, Sarah Bloom Raskin, coming up before the close today. Joining us final hour of trade, josh, nice to see you. Happy to be back, sara. 212 point rally here. Are you buying into it i think whats interesting, the answer is yes. I think whats interesting weve done nothing, given headlines, back to early august, essentially flat im not suggesting thats a bad thing. In fact, bulls would say look how much is thrown at the market in the form of tweets and deals and nondeals and fed volatility. In the meantime, yields havent even stabilized. Yet were still hanging in at these levels i think whats important, give the edge to the bulls. Weve been testing resistance in this range the upper side of this range, more than weve been testing support. So slight edge to the bulls. You look at ....