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Also janet yellin saying maybe the Federal Reserve should be allowed to buy equities directly maybe they should be able to were going to talk about the markets all show long. And see if were getting getting around this area well look at where we understand with the indications. And where we think we might be in flat thing that curve waiting on tim seymour as well, tony dwyer will join us too, it is a big market day. Lets begin now with these markets. Guy adami, i have a statistic for you that i think may move you given the kind of weeks we have had in the moveup, the qqq well talked about on this fine program, is it now higher year over year. I mean, some of the its amazing what you can do with numbers, i didnt know that and thank you for sharing that, and happy monday to everybody. This is a good day, and listen i think you can take some glimmer of hope from that absolutely tims joining in, and hes been optimistic, which is good ....
Virus could soon peak in new york city. Weve already seen the apex in madrid italy is clearly over the hump that means buy storks. Cover your shorts. The bull is backs todays run d 1627 points marking its best day in two weeks s p soaring 7. 03 . Nasdaq 7. 3 . Can it really be this easy or does this represent too much optimism i think its a bit of the latter wall street is a group of index buyers and traders when we care about the new number of coronavirus cases, number of hospitalizations and mortality rate index buying was so intense it moved stocks like they were play things now, does that mean we should buy the nasdaq when we have more ventilators, sell it if we dont have enough personal protective equipment . Do we buy the s p retail etf when we get a decent number from, i dont know, Governor Cuomo . No, its kind of ridiculous. Were simply seeing, though, the flip side of what happens when people were downbeat as they were la ....
S month. Reak may not peak there until the end of this month. Also tonight, Vice President mike pence is warning the u. S. Is on the same trajectory as italy, and there is growing aoncern about access to that protective medical equipment easperately needed in hospitals. We learned today the federal anvernment stockpile of masks and gloves is almost empty. Our team has every angle of this story covered. Mola lenghi leads us off tonight from new york city, the derstand we aree crisis. And, mola, i understand we are learning that the governors nightmare is coming true, that there are just 352 i. C. U. Beds left in the city. Reporter well, thats right, norah. There is still a projected shortfall of beds in the city. Nowhere is that more evident than elmhurst hospital here in queens. Than elmhurst hospital here it is at the center of new york citys covid19 crisis. Eds in just 1082 beds in just days, with 3 ten days, with 30 more on the ....
Yhurches and synagogues are churches and synagogues are exempt. And tonight we talk to the nations top Infectious Disease doctor, anthony fauci, about itether its time for a nationwide shutdown. Sailors evacuate after our interview with the defense secretary, what the navy is doing to protect thousands aboard an Aircraft Carrier. Stockpile running out governors complain theyre left to find their own medical supplies as the National Stockpile is depleted. Community lifeline the people still going to work to keep america fed. And tonight, we end with this story. Love knows no bounds. A couple says i do in the era oise cial distancing. He nnswith Norah Odonnell, capil. Odllgo evening, thank u for j. We begin with ng tonight. Floridas more than 21 million resi ....
Good morning and welcome to the show im dominic chu live at cnbc global headquarters. We begin with breaking news as stock futures indicate what could be a losing start to the day after the long holiday weekend. If these futures losses hold into the opening bell for regular cash equities trading, the dow would be opening by down by 300, the nasdaq off by 28 and the nasdaq down by 100 as well this selloff after an historic week for wall street the s p posting its best weekly gain on a percentage basis since 1974 the russell 2000 Small Cap Index posting its best week ever and as of this morning, the dow, s p 500 and nasdaq are all less than 20 off its most recent record or 52weekhigh levels. Turning to the bond mark, the twoyear treasury yield ticking higher, 23 below basis points. The tenyear benchmark treasury note yield a little below 74 basis points or 0. 74 . Well just take a look at the 30year long bond, 1. 35 the last trade ....