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Vice chairman and theyll share what to do with your money amid this massive selloff. Lets have a look at whats driving the action the major averages falling into correction territory as the global brought yaoutbreak grows Goldman Sachs is warning that u. S. Companies may generate no Earnings Growth in 2020 based on the elevated uncertainty from the virus and oil prices are plunging on the fears with crude dipping below 46 per barrel at the moment the s p is down 2. 9 , dow almost 800 points. Joining us today is cnbc contributor stephanie link and senior markets commentator mike santoli. Ste steph, youre always looking for the bright side, the growth and optimistic picture we were talking earlier, both of us were talking earlier that this feels like december 24th, 2018, when we got the big swish down and it was really hard to buy then its really hard to buy now. But i can unde ....
We have you covered. Ed starship goes further and faster, spacex loses the vessel during reentry. An unprecedented technology breakthrough. Caroline we get to check in on the tech earnings and sit down with the ceo and push ahead to results up with the belt. Lets check in on how these markets are performing. We are flat on the nasdaq and the benchmarks more broadly. This is a day when we focus in on economic data. Keep an eye on 10year gilts come at one point pushing up 10 basis points. 4. 28 . Why are costs rising . Some of that data showed hot inflationary pressures. Also a lackluster economy more broadly looking at retail sales. All of this darling back expectations for a bit cut to becoming as soon as june or july. We keep an eye on what is happening in europe and we have dovish sentiment from members of the ecb. The u. S. Dollar is rising above all of the g10 Currency Pairs with the euro is lower because of the dovish tongue. ....
Caroline im Caroline Hyde in new york. Ed and im in san francisco. Caroline tesla asked its investors to approve a pay package. Ed chipmaking orders dive at asml. Our chip stockpiles back . Caroline we will bring you into a conversation with the French Company a toss. In the equity market pulls back a little bit from where it had been. Nevertheless we see bond markets outperform, currently seeing a 20 year yield down to, three basis points. Moving on and looking on the world of crypto. Its been on the downside as the u. S. Dollar is falling. The first time in six days we saw the dollar give up strength as we digest what has been a slightly more hawkish of. Risk assets are still cautious out there. Ed tesla continues to dominate headlines. Down for a fourth straight session. The stock is trading at its lowest level in almost a year and i dont think this has to do with the headl ....
, the nationsa central bank under fire with some politicians demanding it be put under government control. The countrys Credit Rating is still at risk in an interview with the Central Bank Governor coming up on bloomberg. European equities are trading now, 30 minutes until the end of the thursday session, up for a six consecutive day, best run since april with greece leading the way with a gain of 2. 5 . Currencies are gaining against the dollar across europe, led by the british pound. Sovereign bond yields, commodities, the final columns. Novartis considering a deal for Radiopharmaceutical Company advanced accelerator applications, the swiss giant drugmaker seeking acquisitions to boost growth according to people from the are with the matter. Radiopharmaceuticals, also known as radioactive drugs used ....
Moments ago. Josh, nice pictures of that first customer in line actually, a bunch of customers getting a handshake from cook on their way in thats right, guys. You can see the store here is opening right now in downtown palo alto. Youre looking there at apple ceo tim cook was here greeting the crowd, greeting the first customers. This has become a real tradition at this store. Cook is often here, welcoming the first customers looking, of course, to buy the new iphone x. Apple, remember, calls the phone the future of the smartphone and call the edgetoedge display, wireless charging, facial Recognition Technology in fact, we caught up to the first guy in line at the store and hes been here since tuesday night waiting to get his hands on this phone, and it was face i. D. , that was the feature he was most excited about of course, the starting price for this phone, 999 apple told walkin customers they could come and pick up th ....