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Steve leishman alongside us helping us make sense of everything going on what the fed is thinking about all of this. The worst week for stocks since the financial crisis the vix surging, bond yields falling the even new lows. Stephanie link, a minute ago the nasdaq was positive. It went from positive to down 1. 5 in about ten minutes, if that. I know. What does that tell you about sort of where we are is that how a bottoming process happens . Doong we are close i hope so i think people are very confused obviously. Right . It is not surprising that the market went down because of this, because the virus has gotten so expanded the surprise has been the speed of the decline to lose 6 trillion in Market Company in six days, thats remarkable i dont know when we are going to bottom. But i am looking at an rsi on the s p at 20. And vix, jon you can talk more about that but a vix at 47, to me it seems a bit extreme. Then i look at what ha ....
Announcer 1 next, in American History tv exclusive. Our cities tour visits lansing, michigan, where we learn more about its unique history and literary life. For eight is now, we have traveled to u. S. Cities bringing Historic Sites to our viewers. You can watch more of our visit at cspan. Org citiestour. He was a pioneer. State not until the legislature designated this area as the new capital that he came with these other folks and helped build the capital. They had a slightly more sensible approach. We had nothing here. There was no transportation. They had seven months to build a veryal city and that was a interesting and exciting and unique story of the beginning. Established the about 1836, about a year before it became a state. The designated detroit as the capital but they were told that detroit could be easily attacked and they should move the capital inland but cou ....
It is coming down about an inch every couple of hours. New york city. Good morning, every one. It is 10 00 eastern. The markets coming back a bit. We are up 100. Nasdaq up 170, 1. 3 , solid gain. The yield on the 10 year treasury coming down a little. Down 5 basis points. We are up 452, the price of oil, bitcoin around 26,894. Any minute, the president of the United Auto Workers union, sean fain, will deliver remarks on the ongoing strikes. He will say if the strikes will be extended again or not. We have this on our hands, the latest read on consumer sentiment. Lauren 68. One in the september. One year inflation expectations, that matches in march 2021 and that is remarkable. Inflation coming down. Stuart market, no reaction, up 100 on the dow, no reaction to that. 50,000 migrants crossed the southern border in the last week, a record number, extraordinary pictures. It is obvious theres a new surge. Does not being taken seri ....