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Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem li ....
We ended last week strong coming off a very weak base last week the best week since 1932, well, we continued some of that momentum today. The dow ending the day up 690 points pretty much most stocks you look at they were higher today we will get to those, the one thing that was not higher continues to be oil. Down 7 as well. Well get to more on oil and what it may be signaling throughout the show. Welcoming. We are pleased today to be joined by guy adami and dan nathan for the entire hour, we welcome in emily roland of john hancock financial. Its good to have you back here on cnbcs fast money you said it seemed like the indiscriminate selling might be over, that gave you some comfort, were you more comforted by todays action . Yeah, and its great to see, great to be here i have to give a huge shout out to everyone in Englewood Cliffs for making this possible to getting us all on. Thank you. I hope everybodys safe obviously, and ....
All rolled into one and a quick 7 fall and a trading haul the dow down more than 2,000 points and then right around 1 00 p. M. Eastern time the stocks tried to stage a comeback on the back of the news that the fed will inject 1. 5 trillion back into the market and prevent a fullblown credit crash. The stocks kept falling and we ended the day on the lows and we have a huge show for you tonight. For the host of big names with guggenheims Scott Maynard and john hess. Well get to those in moments, but first, lets get more now on exactly what the fed did and tried to do today with their trillion and a half dollar injection. We are joined by phone by Steve Liesman. Im not on the phone here, brian. I am joined by the Federal Reserve. In the first instance, it extended its purchases to 60 billion across the range of maturity and ....
So lets start there mike ko, i want to talk about what a particularly salient experience you had just this morning and the lesson for our viewers . We were talking, my colleagues and i, with an investor and we spent about an hour on the phone and this is someone who has been managing a portfolio of stocks principally and essentially has lost faith in their ability to do that this week, and actually was actually coming to us and saying can you just take this over for me. I dont have any faith that i actually know what im doing anymore and we didnt actually have a good sense of what was in the portfolio and we began to go through it and what we saw was a list of napes thmes that probab looks like the ones that people are selfdirectioned and typical accounts we saw names like microsoft, apple, cisco and abbott labs and we saw pretty Good Companies in there and not a lot of concentration risk and we actually saw a decent chunk of cash ....
And a boom boom, just shake your options tony zang is a Video Conference call you need to be on its time to risk less and make more options action starts now. Welcome to options action. Im Courtney Reagan in this evening for melissa lee. We have carter worth and tony zang and mike ko joins us from the powdery slopes of utah just like the markets, hes been going down all day we kick things off with a rate route. Coronavirus fears really starting to take a huge toll on treasuries as investors flood into the bond market for safety. Check out the 30year yield hitting its lowest level ever today. Well, the tenyear is back below 1. 5 , and dont look now, but that pesky yield curve, its threatening to invert once again. But if youre looking to turn these low rates into high spirits, the chart master does have a way to get it done. So, carter, explain to us how we can do this. Any ....