Julie hyman is in is in. Julie we are seeing a little in today, really a pause market of the moments. The dow is doing the best of the threeday averages. Things may heed up over the course of the week as we get more Economic Data and a dozen S P Properties are still scheduled to report their earnings tomorrow. Well be watching those. In todays session we are watching some of the last companies. Quest diagnostics and Lab Corporation of the americas. Late on friday, we got new information posted, final rates for medicare. They were posted late on friday and so they have implications for these companies. The final rates still suggested 8 . Cut to the revenue in 2018. We are seeing a minute drop today. We are watching a big deal in the retail industry, or at least an investment. Alibaba, 2. 9 million is how much it is paying to buy 2. 9 billion is how much is paying. Walmart is down. It operatesbed, about 400 hypermarkets. Are seeing those companies trade accordingly. Also checking on home
Takeout or delivery. Casinos, gyms, and movie theaters will be all closed for the foreseeable future. New York Governor Andrew Cuomo says the federal government should be in the lead, not the state. And as schools and businesses close their doors, the fed took an extraordinary step reducing its benchmark Interest Rate by a full percentage point to near zero. The fed also said it would buy at least 700 billion in treasury and mortgagebacked securities as part of an effort to boost the economy. But fears about the Economic Impact of the pandemic have led to yet another day of huge losses. We are now in the final hour of trading, as you can see right there, all three major indexes are still deep in the red, but not as deep as earlier in the day, when trading was halted for the third time in just seven days, the third time in seven days, unbelievable. The National Economic council director, larry kudlow, says the federal government will use every tool it can to reduce the economic damage.