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The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the p ....
Friday is forever. We belong together. So come on, come on, and dont you say never. There is no tomorrow. So come on, come on, you should know better. Lauren it is friday. And welcome, finally, to fbn a. M. Its a busy friday. Well get to it in a second. Im lauren simonetti. Ashley im ashley webster. Lauren how is your money moving this morning . Were of coming off of record highs, the dow down 23 points this morning, the s p losing down 3 andahalf after Peter Navarro said the final chinau. S. Trade deal rests with President Trump. Ashley in asia overnight, generally down. The nikkei in japan was up about a quarter of a percent. The shanghai, kospi slightly lower. Lauren in europe, this is how stocks have opened, a quarter percent across the board to the downside. Ashley now to the big story in politics, the 2020 field could be getting more crowded with former new york city ma ....
Im on the right track, baby. I was born this way. Im on the right track, baby. I was born this way. Born this way. Baby, i was born this way. Lauren good morning, welcome to fbn a. M. Im lauren simonetti. Tracee good morning, im tracee carrasco, in for cheryl casone. Lauren thank you for joining us. Lets take a look at you how your money is moving this morning. It was quiet in yesterdays session. Right now, on news that the u. S. And beijing have agreed to roll back some tariffs, if had they can reach a trade deal upon signing phase one of a trade deal, dow is up 156 points, nasdaq up 50 this morning. Tracee well, lets take a look at how asia is moving right now after had that news out of china. You can see all the nikkei, the hang seng and kospi pointing higher. Lauren european stocks trading to the upside as well. The biggest percentage gain is in germany, 116 points to the upside on the dax there. Lets start with that breaking news overnight and dig in a little deeper. China and the ....
On the rise. Well explain. Its wednesday, november 6th. Wake up. Fbn a. M. Starts right now. I cant feel my face when im with you. But i love it. But i love it. Oh, i cant feel my face when im with you. But i love it. But i love it. Lauren some of the weekend wake you up. Ashley im awake. Im ready to go. Lauren its wednesday, right. Welcome to fbn a. M. Im lauren simonetti. Ashley im Ashley Webster in for cheryl casone. Lauren lets take a look at how the markets are trading this morning, small setback for stocks. We had a record for the dow and nasdaq yesterday, dow down 18 points, nasdaq giving up about 3. Ashley whats been going on in you asia while youve been snoring. Mostly higher, the shanghai down half a percent, the nikkei, hang seng and kospi in south korea all slightly higher. Lauren flipping the board to europe, we got a strong surprisingly upbeat report on german factory activity but red arrows across the board. The dax ....
Imagine that. The president meanwhile will be heading to dallas for another rally this week, doubling down on his pledge to bring jobs back to america, as a new Louis Vuitton factory gets ready to open. Texas is open for business and so are we. We are watching it all. Varney company starts right now. Theres execution work to be done on the document, but this document is substantially done. We made a lot of progress, and our expectation is this will be concluded and signed by chile. Charles that was secretary Steve Mnuchin moments ago talking about phase one trade deal thats getting ready just in time for apec, the meeting that will be held next month in chile. China reportedly wants more talks before the deal is signed. I dont know. I think its normal. People are interpreting that as a red flag. Susan we heard about this on friday, by the way. They said it will take maybe four ....