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Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . ....
Two other topics. Second, whether or not Mitch Mcconnell will form some type of bipartisan consensus around gun control. Those Mass Shootings over the summer weighing heavily on the minds of lawmakers as they return. Last but not least, they still have to pass spending bills by the end of the month or else we will have a government shutdown. David over the weekend, an extraordinary story about the camp david accords that did not happen. Therese rafael in london. It is a law. Does that mean Boris Johnson cannot leave the eu without an agreement . Therese it means he has to request an extension from the European Union if he cannot get an agreement. There is some question about whether he will find some kind of legal wiggle room on that extension, or whether he would t ....
Abigail . Abigail you were talking about energy outperformance. This leaves the russell 2000 and a positive spot in the near term, but the longer term, maybe still a bit cautious. A big fourthquarter selloff relative to the 200day moving average, the momentum indicator on bottom. When it goes above 70, overbought, below, oversold. The russell 2000 has been slipping downwards, and that slowly but surely says the buyers have been exiting in a very orderly manner. Right now, the russell 2000 back above the moving average, so in the near term, that is bullish, but it is sloping to the downtrend, and we have a series of parish lower highs, something to think about going into the end of the year and certainly into 2020. Renita . Renita taking a look at some of the big laggards, health care. Merck is dragging down most health care stocks, down during the session, and this all happened in wall street, including goldman, sounding the alarm to a potential drug pricing headlines in the coming wee ....
, because it is the trade war the bond market is sparking fear of a recession. That is a new situation. It is scary for us. There arermakers says provisions for brexit as Boris Johnson has to brussels following another defeat in parliament. Ppi bites. A late surge in insurance claims putting pressure on a promise of a buyback. Good morning, everybody. Welcome to the European Market open. This is what things look like in terms of the futures picture. Down attempt of a percent on the dax. If you are looking at u. S. Futures, we see downside. We have been asking this morning how much further can we rally on global stocks . Rally onfurther can we optimism around trade given we dont see any new developments . Progress is being made, perhaps we need another newsline to mo us from that. Suck about whats going on in the asian equity session. This is the gmm section function on the bl ....