I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. Thats the latest on the market action. Now the latest
State and local officials, because they may believe that its too soon to get back to business safely. Yeah, and the Staggering Number this morning, more than 20,000 americans killed by the coronavirus pandemic. The u. S. Is now number one worldwide in coronavirus deaths. All 50 states are under a federal disaster declaration for the first time in history, and it comes as the irs announces its beginning to send out or deposit, we should say, the first wave of stimulus checks. And this easter morning, most of the country is being asked to follow the advice to continue to stay socially distant, or practice social distancing, i should say, and worship and celebrate the holiday from home. There are some churches in the u. S. , and those leaders have said theyre not going to listen to local officials. Instead, theyre going to go on with services as usual. And just moments ago, pope francis leading Easter Sunday mass from a pretty empty st. Peters basilica, telling followers not to yield to f
In Nassau, the 14,371 deaths reported in 2020 was a 31% spike from 10,968 a year earlier. In Suffolk, 15,626 died in 2020, a nearly 25% increase from 12,515 in 2019, according to state health department data.