The most successful ceos on wall street and beyond busy. What one big box is telling analysts amid panic buying its friday, march 6, 2020 and Worldwide Exchange begins right now. Good morning welcome to the show. Joining me the entire hour, Citi Private Bank global strategist who will write down all of the headlines for us now to this mornings top stories and breaking news. Wall street is once again licking its wounds after a wild day of trading yesterday a wiswing of more than 3 . Just four days, up 1,300, up again. You can see the dow is indicated again down 515 points. It is important, weve seen about 200 points in deceleration levels all of this coming off yesterdays moves. All the major averages are in socalled correction territory those were record highs. Those moves are happening with the treasury yields and benchmark hitting its lowest level in history listen to what double lines told us yesterday i think we are pretty low right now. I think maybe well get to 80 basis points i
Commissioner constant didn ande are excused. We have a quorum. Welcome to the dbi. Youll see a strong tone of earthquake awareness and readiness in my comments today. Tomorrow, as most of you know marks the 30th anniversary of the leoma skwaeurb earthquake ae city is hosting numerous events at the marina, as well as holding a tabletop exercise at the department of emergency management, include within of ie Structural Engineers seok and brop is the terminology for that and the annual duck and cover exercise held at citywide. Thats actually an earthquake event. While much has been accomplished over the past three decades to strengthen buildings seismically. Seismically, we must prepare for earthquakes around the world. With our Retrofitting Program in its final phase, we are at 98 compliance in terms of filed permits and thats quite an achievements. So welldone and 65 completion and that could be stronger but well get there. Private Property Owners have invested approximately 250 million
Dow down 64, weve got the s p giving up all of its earlier gains, now lower by 3 points. Nasdaqs clinging to a a 5point gain where it had been up 129 points. Kind of losing some steam. Weve seen in the final hour where things can start getting juiced up once again. Lets look right now at what ises propelling the nasdaq. Its actually china stocks. They are grabbing the top spots on the composite led by netease. Look at that gain, up 5. 25 . The the lift comes on a report by bloomberg that beijing is considering relaxing rules that cap Foreign Investment in public companies. So maybe theyre starting to look like theyre going to be a little bit more propluck publiclytraded companies and not so restrictive. Coming up, famed International Investor mark mobius is going to join us live. He has warned viewers to dodge chinese stocks. Will todays news change his mind . Were going to ask him. Hes coming up at 3 30 p. M. Eastern time. No ree laxing or easing at the Federal Reserve at this hour af
Warnings from the i m. S that the Global Economy risk sliding into recession next year, blaming factors including the wound, ukraine, inflation and chinas 0 coven policy. Ah, hello. I money in site. This is out of their life from day also coming up, the u. S. Says its reevaluating its relationship with saudi arabia, off to the opec last decision to sharply cox oil Output Energy min assist me to find ways of dealing with storing gas prices and Reach Agreement despite shop divisions. And nasa says its dog spacecraft, which successfully knocked an asteroid off. Its all, it is a watershed moment for humanity. Ah, hello and welcome to the International Monetary fund is painting a bleak picture of the Global Economy. The war and ukraine rising prices and Interest Rates have all taken their toll. The worst may be yet to come as the wells, 3 largest economies, the u. S. E u and china continue to stall. According to the i m. S. Latest report, Global Economic growth fell more than 6 percent in 2
Lit the pharmacist yard, implement them up. Its going to get some effect leaving their markets. Oh, protest like these are spreading to other regions as merchants lock up shop in solidarity with those in ashanti tax authorities have held talks with the traitors. But so far the 2 sides have not the compromise. Ordered. Roberson algebra. Ah, this is our desert. These, your top stories, the Un General Assembly is very sad, overwhelmingly, to condemn russias moved to annex parts of ukraine. 143 countries. Vase it in favor of the resolution that reaffirms ukraine, sovereignty and territorial integrity. Our message is loud and clear. It does not matter if you as a nation or big or small rich or poor, old or new. If you are a u. N members state your borders or your own and are protected by international law, they cannot be redrawn by any one else by force. Conspiracy there is alex jones has been ordered to pay almost a 1000000000. 00 in damages to families of the victims of the Sandy Hook Sch