jim fitterley is the ceo of dow inc. to get a better read on how his company is weathering a tough environment. welcome back to "mad money." >> thanks for having me, jim, nice to talk to you. >> always good to talk to you, jim. the market is saying that your dividend is not sustainable because dow is related to the price of oil because dow is related to giant cyclical portions of the economy and because the coronavirus is going to make it so you will have much less business. you're a worldwide company, already seen what happens in china, familiar with what's going on in europe why is the market perhaps wrong about that judgment? >> well, our demand is good right now, jim, and in fact the last two weeks we've seen our demand in china bounce back and so i think when you consider that that coronavirus incident started in really february for them and we've already started to see a recovery from that, i think that tells us that we can see the same thing wash through the economy here when it gets to the dividend, i think peopl

as mike mentioned, the vix is flattening out dow inc., global packaging company that works all over the world. after being down 35% has stabilized in the last four days some hopes we're look at a bottom at least in dow inc we're not at the highs of the day but just off them. dow jones industrial average up over 1,000 point, s&p up over 142. ♪ >>> welcome back, everyone, to "closing bell," 1,000 points higher on the dow. i'm sara eisen with mike santoli. day for rebound on wall street, making up some of the lost ground after yesterday, the worst day for stocks since 1987. this is how we shaped up dow closing higher by more than 5%, 6% gain for the s&p 500. 6.23% for the nasdaq and the best performer of the day, russell 2000, up 6.5%. 13% down on the dow yesterday, 12% for the s&p. we are waiting numbers this hour from fedex we'll bring you those as soon as we get them, see if we can glean anything from what's happening in the global economy right now. joining us to talk about the market today, by phone, from merrill lynch and still with us, nancy tengler from laflor tengler. just another

nike also weak dow inc also down. home depot is down for the day, but up for the week. that's been one of o the better performers all throughout the week energy stocks, new low you heard from brian, no deal with opec and russia big drop in oil. exxon mobil, 7.3% dividend yield. all the major oil companies, new lows these are rather startling numbers. banks new ulloases lows. low yields we've got loan growth possibly being slower higher loan defaults potentially down the road. all these new 52-week lows finally, cyprus semiand and lot the other semiconductors micron, logic, nvidia, all down. looking for om bottom here, but still very, very tentative back to you. >> thank you very much the ten hf year yield falling low r and lower and lower, briefly below .7% early this morning. i can't even read that .7% rick santelli tracks the action at the cme hi, rick >> hi, tyler let's start at the two year part of the curve even at 51 if they close here, that would be the lowest yield close in basically five years and there was a point where they're at 51, they were at 38, they wou

steel and reliance steel and dow inc a material name rebounding a little bit still very, very tentative back to you. >> bob pisani, i will take it. now let's bring in david katz, chief investment officer at matrix asset advisors along with sam stover of cfra good morning to you. david, in this market which has been just so volatile, stocks down quite a bit, of course, it is time you argue for those who anything but a short time horizon to think about buying. who should buy right now and who should sell? >> well, basically, if you have a one-month to three-month time horizon what you've learned is this market is unpredictable and moving 5 or 10% on the upside and downside and no way to know which it's going to go if you have a 12-month time horizon and an investor and don't mind the volatility, there's a great likelihood there's going to be some sort of clarity the economy, which might very well go into a recession, an earnings recession, will be on the mend and stocks will be higher 12 months from now. the key is to buy very good businesses with very good balance sheets under 12 times e

we've talked about dow inc., boeing jpmorgan a move to the up side travel and leisure royal caribbean want to check on that the rest of them are moving to the up side. emergency stocks also a nice bounce the worse performing sector. you get the unusual outliers here i want to check on that. that was up earlier in the morning this extreme indicators this week we have to get the indicators. 90% downside days, three of them vix around 75. 2300 new lows yesterday. three things came together people say yesterday how can we be down 17% in three trading days a health care crisis that morphed into a financial crisis that became a political crisis you heard secretary mnuchin talking to jim hopefully that's dealt with. you get these three together, it's a triple whammy we need lower volatility, lower volume and lower anxiety back to you. >> thank you, bob. good morning good friday morning. welcome back to squawk in the street david faber is with us from cnbc global head quarters it's been a wild week. the dow quadruple digit moves. data is on the tape. let's get back to rick >> yes i'll tell yo

big movers, dow, inc., intel, unitedhealth group, proctor & gamble, they are tied to the coronavirus in a positive way, in a sense they're doing things for folks to help them get out of this but consumer discretionary it is a rough one for restaurants and retailers. we're hearing more closures. nike earlier this week said it was closing. its stock happens to be up. mcdonald's, starbucks, wendy's, will close the stores, they will do the dine out options mandated here in the tri-state area. seems like we're taking wider across the country. then of course there is amazon saying two things. it will hire more workers to help get orders out faster. also confirming that they're prioritizing shipping essential supplies out to people. amazon seeing a gain of 7% there. finally part of the tri-state closures, gyms, movie theaters. movie theaters are getting hit pretty hard that could be another thing spreads across the country. we have numerous reports of malls closing, that kind of thing. people are taking abundance of caution. it is the thing to do right now. when one area does it, the others

maybe that is beginning to have some impact on the market because dow winners, dow, inc. is up. microsoft, walt disney, american express, goldman sachs. they're bouncing from a very extreme low. they are in the green. wouldn't you know it. as soon as i start talking about the green arrows for the dow, they turn red. we're back up five points. ashley: just like yesterday. stuart: not going to say another word. >> don't blink, stuart. stuart: don't blink, thank you, gary. look at right-hand corner of your screen and i won't jinx it. ashley: thank you. stuart: i'm particularly interested in boeing, because foolish stuart varney bought that thing at $331 a share about five weeks ago. what's the news on boeing, susan? susan: microsoft raised cash, right? you can still get into microsoft 144 now. boeing, got cowan slapping lowest price target on the streets on boeing, still at $150 a share. $50 from the current levels. stuart: wait, wait. we have some analyst saying it will go to 150? susan: that's right. that is the lowest on the street. analysts didn't forecast, foresee, a, you woul

that's a four year low for 3m and dow u inc, which you can associate with a truly global codings, think that is not a typo down down 21%. just came back about a year ago. that's a new low for that stock. back to you. >> all right, thanks another historic day as well for the bond market. let's go to rick santelli at the cme in chicago rick >> you know, markets right now are trading some very important levels look at the 24 hour of tens. and realize that friday's low yield in tens was 65 .65. right now, today's high was 60 and that was after a 31 print and the point is we're trading 59 now if we leave gaps and we left a gap and we xwo down below the lows, which are 31 before we fill that gap, that is much more bearish for low r rates, so filling this gap is significant. finally, you look at the long-term chart of tens. a lot is technical the minute you took out the double bottoms in 12 and 16 it accelerated. dollar index see the year to date where it closed, it accelerated. this is important. uncertainty is always addressed by a technical feature so you need to stay on top of them. back t

the dow jones posted its biggest 1987,ince black monday in a year before i guess any of our producersrn. here, you can see safe havens, gold right now trading up a bit, but gold is under $16 an ounce. this and will never forget from the financial crisis. i had grown up thinking of gold as the ultimate safe haven. and when lehman brothers failed and the whole world was shutting down, gold all of a sudden sold off. and i thought why is that? someone told me because when margin calls -- when margins are called in, investors need to get any liquidity they can, and they let things like gold in order to pay their borrowings. so that's why you see gold having fallen down before $1600 an ounce. we were at $1700 just of couple sessions ago. anna: you almost take comfort of gold going higher because at the height of nervousness, at the height of risk of, we've actually seen gold falling. interesting to see we see selling of treasuries today. i don't think the market will take that with much comfort perhaps y because of what you're saying, selling was liquid rather than selling what you want to