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We are looking at a contraction for the year between 1 and 4 . Looking at where china is, reality starting to bite, trading lower right now. Pmi front and center. Chinas economy has been damaged. A lot of the world still is shutting down. The downward revision in expectations may only be just beginning. Nikkei, lower by 4 . Jitters also there in the market. For globalmism governments to cushion the blow from the coronavirus outbreak. Lets flip the page, take a look at where we are in terms of the dollar. Easing a little. Theaussie below 60 to dollar. Is,ng a look at where crude down by 1. 5 th...

Earlier, it was down 12 . As the deadly pandemic expands to every state in the nation now and the president shuts the northern border with canada, the death toll has ticked up to 97 in the United States. Let us start looking through a whole bunch of different sectors here. How low will oil go. The rout at this hour in the aftermarket is pretty brutal. We are down 19. 2 and we do have it at 21. 78 a barrel. It settled lower than that at 20. 37 per barrel just a half hour ago. Crude has lost 56 over just the last ten days. That is the worst tenday trading stretch since the futures contract launc...

Welcome. Im Morgan Brennan on cnbc and st. Patricks day. Breaking news. That is wall street. Stock futures surging. Well off their highs hitting limit up levels overnight as President Trump said in a tweet last night, quote, the United States will be power fully supporting those Industries Like airlines and others particularly affected by the chinese virus. We will be stronger than ever before limit up means we turn attention to the etfs that are tracking to get a better sense of where they are opening this morning the die, the dow etf is up 2 . Off the gains we saw earlier the s p 500 etf, th...

Zero but market uncertainty still growing as Financial Institutions horde the u. S. Dollar. The latest move is seen as an attempt to prevent something on the scale of the 2008 Global Financial crisis. Meanwhile, finance ministers and central bankers from the group of 20 countries discussed the pandemic during an emergency Conference Call on monday. Translator g20 members have an extremely Important Role to play. Were determined the take all possible measures without hesitation to overcome this situation. He told reporters the development of coronavirus medicines will be the key to overcomie in...

And the fed will get to zero pretty quickly. They are in a nowin situation. Had they not done anything the market would have been disappointed i think stocks are higher a year from today, at the end of the year. I am looking to raise my target i am at 3440 my notice for earn something 172. I think they cut 50 at the next meeting in just two weeks i think thats going to happen and thats where we begin our debate today, what i think is the only one that matters. The coronavirus and whether it was a blip or a black swan and what that means for where stocks may go from here we will attempt to answ...