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New jersey, connecticut. That really added to things. It is still going on. Governor andrew cuomo on the screen speaking live right now. At the beginning of this, they cade a joint announcement. People coming into the tristate area from certain highrisk states would be ordered to quarantine for 14 days, when investors heard that, the market went another leg lower. Well cover it from all angles, starting with Jackie Deangelis in the new york newsroom. Like i said, jackie, things were not going great to begin with andth just added to it, right . Reporter exactly right, connell. There are is a twopart story. There was fear in the market about being spike in coronavirus cases across the country in certain states. That added to tension for investors. Were seeing a spike going into the summer. That was not predicted. Theyre thinking about what could happen if there is a second wave. That is the push and pull weve been experiencing in ....
Losses in tech. The s p is looking at the best year, potentially here in two decades. Deirdre bolton kicks us off. She is at the New York Stock Exchange whether thedre . Thats a great question, blake. You mentioned the s p 500 is on track to havehe year since 1997. Todays red on screens doone foe year. The groups putting most pressure on the markets right now are ones that outperformed last week. Really sent stocks to all new highs for the christmas rally. They include info tech, consumer discretionary, also communication stocks. Youre seeing that pattern as individual stocks too. Some of the biggest winners of the year are lower today. Here are some top three weve been following. Apple, microsoft, visa. They are all stand out stocks for 2019. Apple, we have to highlight. It is the best performing stock on the dow for the year. It is up 82 . The gains pushed companys market cap back above the 1 trilliondollar mark. Analys ....
From the Administration Last week. You period potus, President Trump, they could wait until after 2020, to possibly sign a deal with the u. S. Larry kudlow says dont expect any grand bargain this week. The first facetoface with the g20. Robert lighthizer along with steve much, treasury secretary. They are in shanghai and talking to their opponents on the chinese side. What is expected theyre looking to get tax back to where they were at the end of may, before all of this broke down. And four areas of discussion including huawei. Right now we have a general reprieve for huawei. 90 days at least for all u. S. Companies that supply to huawei. I guess well get more details on that, trying to buying up more u. S. Agriculture, namely in soybeans. Intellectual property protection, a lot of u. S. Companies are calling for. Ending china state subsidies. That will be dependent in ....
Multifaceted manufacturer. Bottom line there are not many options for folks like you and me. Stuart neil, i believe i have been ambushed. It is neil by the way, kiss your tax cut goodbye. Well have more on that. I just love doing that. The snap ipo apparently a huge deal here. And i know my teenage sons are into this and drawing little funny faces and awe, but do you put a multibilliondollar value for technology that can do that or glasses that can record video for 10 seconds . That is up to you. That is your call. This burgeoning audience what might be out there for young people like Nicole Petallides and her kids . It is what it is. A sensation today. Nicole on floor of the New York Stock Exchange. With the very latest. Hey, nicole. Neil, unbelievable. A great ipo. You cant deny the facts. The facts are the stock is up 47 . Despite the fact there was so much cau ....
Women while they waited in line i asked them what they thought about trumps comments towards women ill have their response later in the newscast. Mk 13an. The other big story we are tracking for you is Hurricane Matthew. President barack obama is being update on the situation as it get closer to the united states. This is a live look at nag head north carolina. The president was at fema headquarters in washington dc and he wanted to reassure people in the storms path. Matthew could soon effect areas all across the southeast. Fema has been on the ground in fl ga and sc. Working with state and local officials to prepare for the storm right now, Hurricane Matthew is heading right for the southeastern part of the us. Currently its a category 3 part of the us. But its expected to strengthen to a category 4 as it gets closer to florida. And. We will continue to track this pow ....