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All bets are pretty much off along the vegas strip. Mgm and wynn resorts both plan to shut their casinos this week. On the other side of the country, popular beaches in miami and ft. Lauderdale have been closed. Those are some of our top stories on this monday, march 16th. Good morning, everyone. Some major escalations in the fight against the virus are being put in place here in new york city. The citys Public Schools are closed as of today until at least april 20th. Bars and restaurants have been ordered to close except for takeout and delivery. The cdc now recommends that gatherings of 50 o...

The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowes...

Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 6...

From the captain first. Ill tell you the news has left all of them stunned. We are a sick ship, apparently. Reporter its a reality victoria says is still sinking in. We caught up with her moments after she and her husband, jose, watched the Vice President s press conference from their cruise ship cabin. Pence announced that 21 people, 19 crew members and two passengers, have tested positive for coronavirus. All passengers and crew will be tested for the coronavirus. Those that need to be quarantined will be quarantined. Those that require additional medical attention will receive it. Reporter ...

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 p...