brennan and kelly evans all coming to you live from separate locations as we put social distancing into effect here at cnbc as a precaution we're going to start "squawk alley" this morning with bobisani with an update on today's markets. bob? >> and jon, the important thing here is i want to show you the futures because a lot of confusion overnight here we were futures down overnight, then we hada big rally at 8:00 a.m. eastern time as the federal reserve announced new programs and yet the open was a real disappointment and it shows you that liquidity is fairly thin preopen. a lot of people were surprised we opened down so much but we're off of the lows right now. sects here, banks have had a tough time throughout the morning, most down 4, 5 or 6%. energy stocks also had a tough morning. everything else, 2% let's say, industrials, technology also down about 2%. semiconductors started strong but have been weak for a while now. boeing, one of the few stocks on the upside, only three or four up today, an upgrade goldman sachs. home depot on the upside, caterpillar down chevron having an ugly day united technologies down 9%. the raytheon deal is still out there. elsewhere, the fed a