welcome, everybody i'm kelly evans. stocks are taking off midday with optimism jumping as the senate strikes a deal. many details still aren't known and it hasn't been approved out of the house promising news out of new york in its coronavirus the dow briefly up almost 1,000 points s&p up less than 3%, nasdaq up 2% the dow is still on track for its largest monthly percentage loss since october of 1987 let's drill down some move bob joins us now for that. hi, bob. >> the amazing thing is we haven't seen back to back gains in more than a month, but we may get it today the moves have been spectacular. we moved 100 points on the s&p 500, 1,000 on the dow. we're up close to 1,000 points on the dow if you look at the s&p 500 today, as we kept moving up late in the morning and passed the early morning highs we saw volume spikes in the etfs. there's buying interest as we passed the highs earlier in the morning. curiously the vix is higher than monday morning that was a long time ago and many points ago. we're having trouble get

welcome, everybody i'm kelly evans.cks are taking off midday with optimism jumping as the senate strikes a deal. many details still aren't known and it hasn't been approved out of the house promising news out of new york in its coronavirus the dow briefly up almost 1,000 points s&p up less than

thank you, everybody kelly evans picks up the coverage right now >>> scot, thanks stocks turned negative the dow gives up the 300-point game it's a swing still above 22,000 for the blue chips but you can see nearly a 1% drop now for the s&p. these declines are a fitting move looking to close out a month an a quarter to forget and march the dow dropped 11%. the s&p 10% and the nasdaq 8%. the worst month for the dow and s&p since the financial crisis and a month marked by volatility the dow traded in

. >> thank you very much kelly evans picks up the breaking news coverage right now. >>> great stuff,nk you so much. hi, everybody. stocks are up today with the dow hanging on to more than a 50-point gain. as we come off the best week since 1938 pretty big stuff this also despite the plunge in crude oil prices again today we'll have more on that shortly. but there's been some slightly better news today out of

i'm kelly evans.ll street today the major averages down more than 5% and the dow down more than 2,000 points this morning, still on pace for the worst day since 2008 now market wide circuit breakers triggered four minutes into the session this morning after the s&p fell 7%. every sector except consumer staples down at least 10% from the recent highs the same goes for all but two of the 30 dow stocks. oil, the big driver of today's

i'm kelly evans. it is an his, to day as the federal reserve announces a half point rate cut and holds an emergency press conference to explain it this morning. it has changed tlirl as coronavirus spreads in the u.s. but they still ants fate return of solid growth. powell said he is prepared to use all tools at the fed's disposal and admitted the fed can't fix anything and said a rate cut should help >> we do recognize that a rate cut will not reduce the rate of inaffection or fix broken supply chain. we get that. we don't think we have all the answers. but we think it will provide a meaningful boost to the economy. it will support financial conditions which can weigh on activity and it will help boost household and business >> the rate cut didn't appear only the enough to boost market confidence it didn't do enough for the president who tweeted not long there after, the federal reserve is cutting but much further ease and most importantly come into whine other countries/competitors, we are not playin

thank you, everybody kelly evans picks up the coverage right now >>> scot, thanks stocks turned negative the dow gives up the 300-point game it's a swing still above 22,000 for the blue chips but you can see nearly a 1% drop now for the s&p. these declines are a fitting move looking to close out a month an a quarter to forget and march the dow dropped 11%. the s&p 10% and the nasdaq 8%. the worst month for the dow and s&p since the financial crisis and a month marked by volatility the dow traded in a 9,000-point range and nearly half of the s&p 500 down more than 10% this month. for the quarter, the news not much better. the dow is down more than 20% for its worst-ever first quarter. the s&p down more than 18%, second worst first quarter got that the nasdaq is relatively speaking the best of the three it is down 12% so just some pretty stunning declines for all of the major averages. let's zero in on the action. rebalancing, what are the other forces at play here? bob? >> yeah. we may have what all the affects of the rebalancing yesterday and when the pension funds have to rebalance what

. >> thank you very much kelly evans picks up the breaking news coverage right now. >>> great stuff, dom thank you so much. hi, everybody. stocks are up today with the dow hanging on to more than a 50-point gain. as we come off the best week since 1938 pretty big stuff this also despite the plunge in crude oil prices again today we'll have more on that shortly. but there's been some slightly better news today out of italy with reporting the lowest number of new covid cases in two weeks. the first time since 2008 we have been negative every month of the first quarter let's get out to bob pisani with more on today's market action. hi, bob. >> we are just essentially at the highs for the day and i am somewhat encouraged not just by the good news of johnson & johnson but on the market internals. things are changing. the way the market looks is changing we are up more than 60 points on the s&p. essentially at the highs for the day but talking about the market internals changing, number one, seeing noticeably lower volume than we have seen in the last month essentially. volume's been doubl

i'm kelly evans. what a day that's all we can say lately another one of them. what a day stocks gave up the gains mid-morning on the realization that fiscal stimulus maynot be imminent futures indicated a 1,000-point rally and eamon reported a white house plan is, quote, not there right now. late ter house democrats were saying that house legislation needs to be developed and won't happen this week the cdc also saying that controlling the outbreaks in some of the parts is beyond containment efforts but the stocks and you can see there dipping red just before noon and turned around when the president said he'll visit congress. the street realizing this is going to take time goldman sachs saying some of the fastest fiscal stimulus plans have taken nearly six months to pass and raymond james said it'sen certain so let's get to all of it with bob pisani tracking the action for us down at the nyse. bob? >> that was a terrific summary folks, you learn from the master there. what kelly is saying that the marginal mover of the market is not just coronavirus story, it i

have a good weekend, everybody kelly evans picks up our breaking news coverage right now. >> thanks,as we continue this breaking news coverage of these markets, stocks are tumbling today after a mega three-day real. right now the dow is down 672 points, so that's well off the lows it's pretty much across the board a 3% decline, and despite the losses the dow is still on track for its best week since the 1930s, been a long week. hard to remember all of that for the s&p it would be the best week since 2009, but just today the earnings growth estimate for all of 2020, this is the one that comes from analysts of al

your local mercedes-benz dealer. >>> good tuesday morning i'm morgan brennan with jon fortt and kelly evansou live from separate locations as we take social distancing very seriously here at cnbc. this, of course, as a precaution just taking a look at the markets right now, we've got a rally under way with the s&p up 6.5%, the dow up more than 1300 points as well, more than making up for yesterday's losses. strongest rally for the dow and the s&p since march 13th joining us now to break down the action we're seeing is mike santoli. mike, it's great to have you this morning just taking a look ats the s&p, every sector in the green being led higher by energy and materials, what does that signal >> well, it tells you it's a pretty comprehensive bounce that we were really set up for, morgan i think that's one of the things you have to keep in mind how many d

♪ >>> good morning i am jon fortt with morgan brennan and kelly evans all coming to you live from separateocations as we put social distancing into effect here at cnbc as a precaution we're going to start "squawk alley" this morning with bob pisani 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 up

i'm kelly evans. it is another wild day here on wall street. inve investors spread the case of coronavirus. the dow sinking nearly 900 points and unable to hold it at 330. today's roller coaster is just a glimpse of what we've seen over the past four sessions already this week. >> five full percentage points higher every sector on the s&p meaningfully higher. >> federal reserve cuts rates making a surprise announcement of a 50-basis point rate cut. >> i was ready to take a picture because i see 9999 there we go! snap the picture for history. >> .989% and the speed of the move today an all happening after the fed's rate cut. >> the low for the dow which came a couple of hours ago down 996. we have been incredibly volatile for the final two hours of trade and ending down about 3%, just shy of 800 points. >> the dow this time higher. up 1171 points 4.5%. >> another massive move lower. for the dow down 972 points. 3.6% for the s&p 500, 3.4%. it was broad every single sector finished in the red. >> and now we have a new milestone, the 10-year yield

i'm kelly evans. what a day that's all we can say lately another one of them.ocks gave up the gains mid-morning on the realization that fiscal stimulus maynot be imminent futures indicated a 1,000-point rally and eamon reported a white house plan is, quote, not there right now. late ter house democrats were saying that house legislation needs to be developed and won't happen this week the cdc also saying that controlling the outbreaks in some of the parts is beyond containment efforts but th

i'm kelly evans. coming up from down 8 00 yesterday to surging 700 today we'll look under the hood of the rally. and see if it can last. >>> plus the historic drop in rates has homeowners rushing to refi how low the rates could go and push up home prices. >>> as michael bloomberg su spends the presidential bid, following the money to answer a key question, what will he and what can he do with the billions >>> we begin with today's monster rally. we could call it, bob. also a monster selloff, bob pisani at the nyse. >> we are used to the moves. today largely health care. near the highs of the day. volume is heavy but not as much as the last couple of days but take a look at the big dow movers united health, 24 points, a significant part of the dow's gains, health care of course moving generally on the lower chance and market looking at higher chance of joe biden to be the nominee against president trump there. banks, no bounce at all today. you see very little going on here of course, yields and new lo

have a good weekend, everybody kelly evans picks up our breaking news coverage right now. >> thanks, scott and hi, everybody. as we continue this breaking news coverage of these markets, stocks are tumbling today after a mega three-day real. right now the dow is down 672 points, so that's well off the lows it's pretty much across the board a 3% decline, and despite the losses the dow is still on track for its best week since the 1930s, been a long week. hard to remember all of that for the s&p it would be the best week since 2009, but just today the earnings growth estimate for all of 2020, this is the one that comes from analysts of all the different companies they cover, overall it's turned negative for the s&p 500 for the first time since 2009 we've seen that for a full year and more troubling numbers out of italy we reported the deadliest day nearing 1,000 a day. let get to bob pisani for more as we await the wait that the house will be taking now to pass the giant stimulus bill. >> there was a lot of hopium last night, kelly, and disconcerting. 20% off the highs from the s&p and

we'll tell you how bad things could get as "power lunch" begins right now >> thanks, ty and i'm kelly evans. we're all over this virus volatility today our team coverage of this market sell off rolls on as coronavirus grip wall street once again. bob pisani is track iing the action at the nyse for us. rick santelli watching these amazing moves in the bond market meg with the latest on the outbreak and steve liesman digging into a potential credit crunch coming for corporate america. bob, we start with you >> the debate has been is this a short-term phenomenon for american businesses or longer term we're going to be dealing with for several quarters today, the concerns about lopger term are prevailing. here's the three sectors that would be most affected energy and industrials, all down here banks are weak on top of that. you see gold rallying here multiyear highs for gold notice china, this is a broad china market is up there's been hopes, been look bing at maps indicating pollution levels are back up in china. maybe a hopeful sign here but not if you look at the whole demand side. folks, l

i'm kelly evans. stocks are sinking again today as action from central banks around the world has failed to re-establish investor confidence here's where we stand. circuit breakers triggered less than a minute after the open today. oil tanking, at one point below $29 a barrel on capitol hill, the task force of coronavirus is expected to hold a briefing at 3:30 eastern time the senate is returning today to take up the house bill that passed friday night and no vote is scheduled yet three more state, new york, new jersey and connecticut imposed restrictions on business and limited all evens to fewer than 50 people and just breaking in the past half hour, larry kudlow says the administration would consider sending cash to households as short term relief. let's get to where the action is now with bob pisani on the floor of new york stock exchange bob? >> and kelly, we did see a third trading halt less than a minute after the market opened. off the lows but not by much rallied and drifted back down. look a

i'm kelly evans. stocks are sinking again today as action from central banks around the world has failed to re-establish investor confidence here's where we stand. circuit breakers triggered less than a minute after the open today. oil tanking, at one point below $29 a barrel on capitol hill, the task force of coronavirus is expected to hold a briefing at 3:30 eastern time the senate i

. >>> thank you, scott welcome to "the exchange," everybody, i'm kelly evans and we have major wall street as coronavirus spreads. the dow is down 952 points that's a 3.5% drop the downturn, of course, follows a massive rally yesterday that saw the dow post its second biggest point gain ever. but now we're back in correction from the major averages meaning that's a drop of 10% from recent highs. and this selloff has every sector and every dow stock lower. we'll have more on both sectors in just a bit. the financials and energy down 5% there industrials, consumer discretionary deep in the red as well and major moves in the bond market as well today the ten-year yield, just in the past hour went below 0.9% for the first time ever. that may be why stocks have taken a leg here let's get to bob dasani. >> kelly, the debate is whether the coronavirus is a one quarter or multiquarter phenomenon that could have more profound effects. you can see from the action today, today, multiquarter is winning. dow, essentially at the lows of the day, 20 or 30 points off of that i just want to show you the tr

i'm morgan brennan with jon fortt and kelly evans coming to you live from separate locations as we put social distancing into practice here at cnbc as a precaution taking a look at the markets, major averages are higher, trying for their third straight day of gains something we haven't seen for the dow and s&p in more than a ho month and a half to wilfred frost who has breaking news. >> hi, morgan. yes, james gorman the chairman and ceo of morgan stanley sent a note out to colleagues that were seen by myself and the content confirmed by a spokesperson at morgan stanley, in it he said, quote, 90% of our employees are working from home. as a result the normal bonds created by every day interactions with colleagues have been impacted and i'm hoping my perspective on the firm and crisis will be helpful and you have all seen the federal reserve actions are extraordinary but given the circumstances necessary markets cannot function without liquidity and they have taken real steps to address this critical issue he went on to say, slowly, governments across the world are putting aside their po

>>> good tuesday morning i'm morgan brennan with jon fortt and kelly evans coming to you live from separate locations as we take social distancing very seriously here at cnbc. this, of course, as a precaution just taking a look at the markets right now, we've got a rally under way with the s&p up 6.5%, the dow up more than 1300 points as well, more than making up for yesterday's losses. strongest rally for the dow and the s&p since march 13th joining us now to break down the action we're seeing is mike santoli. mike, it's great to have you this morning just taking a look ats the s&p, every sector in the green being led higher by energy and materials, what does that signal >> well, it tells you it's a pretty comprehensive bounce that we were really set up for, morgan i think that's one of the things you have to keep in mind how many days do we come on here and say the market is reaching extremes of being oversold there's been signs of internal panic and we were set up for at least some kind of snapback. a couple caveats there, we did have a couple tuesday rallies of 5% and 6% the past couple

i'm kelly evans. major indexes are sinking after the best day since december of 2018, at the lows the dow down 1218 just off the level right now there's the 10-year treasury yield. holding in at 85 basis points. more confusion and mixed messages of washington secretary mnuchin testifying on capitol hill with ideas but no plans. just now the world health organization declared the coronavirus a pandemic and dr. fauci of the national institute of infectious diseases rit rating that the coronavirus is likely ten times more lethal than the flu markets certainly didn't like the sound of that. let's get to bob pisani for the latest action. bob? >> kelly, we are just off the lows for the day the important thing here is that we were in a modest rally. i say modest until 12:30 when the headlines came about the w.h.o. declaring a global pandemic and took air out of the modest rally to see here sitting near the lows for the day. i want to highlight sectors here essentially this is a 4% takedown, the market highli

welcome back to cnbc special coverage of markets in turmoil i'm kelly evans. the market took off in that event earlier as secretary mnuchin details plans to combat the recession. we are currently up 625. another 1,000-plus swing today also take a look at wti crude back towards $28 a barrel. it's reversed lower after the president towards the end of that event suggests that further travel restrictions in the u.s. may be coming. kayla joins us with a recap of many, many big details, announcement that is we just heard at the white house. >> reporter: kelly, no question. it is the most vigorous briefing yet from the white house seeking to unveil recommendations and financial moves to bolster confidence in the american health care system and the economy. the biggest news from the treasury secretary saying that the fed authorized to purchase up to $1 trillion in short term financing that americans who file their taxes can defer payments up to $1 million. and that the administration now supports direct payments being made to american households. the secretary saying

i'm kelly evans here's what's coming up on the he can change stocks are rallying as investors bet thatmulus is on the way. even goldman says cutting rates won't be all that effective s. this euphoria in the market well placed? we'll debate that. what changes are investors making in light of this volat e volatility and will it pay off >>> jeff curry joins us, we'll get his take on where oil goes we'll talk about if the gold rally will last as well. that and more at the top of the hour >>> frank has a market flash on philip morris. >> trading 2.5% higher after announcing martin king will transition to a newly created role of phillip morris america. it will focus on the rollout of icos his new role is about the outsized role the u.s. plays in setting trends, how the government looks at new products the company has partnered with all trade to handle sales. >> we appreciate that. traders are answering your questions now on a few stocks getting upgraded today first up, steve weise has an update >> stocks down massively from its highs of a while ago, from 250 to where it is almost 1/2 of the

. >>> thank you, scott welcome, everybody i'm kelly evans. the markets behind aren't moving we continue cnbc special coverage of markets in turmoil and the global coronavirus crisis stocks are halted why? the s&p fell 7% and today unlike previous two times, it took until 1:00 p.m. nearly and about 15 minute's time will reopen and then have more from bob pisani in a moment. the dow also lost all of its gains since president trump's inauguration hard to believe. we're turning the clock back quite a bit now. it's big ramifications for the re-election campaign, as well. a 7.8% down 1660 when it was halted we have had 1,000-moves for 7 straight sessions. let's get more on everything going on bob pisani at the new york stock exchange bob? >> our fourth trading halt, a circuit breaker. down 7%. the fourth one in two weeks here look at the markets here 2351, very important number. the old december 24, 2018, low technicals not much good to anybody these days we are sitting right on top of that again, just want to review the circuit breakers level one,

i'm kelly evans. it is another wild day here on wall street.he case of coronavirus. the dow sinking nearly 900 points and unable to hold it at 330. today's roller coaster is just a glimpse of what we've seen over the past four sessions already this week. >> five full percentage points higher every sector on the s&

all right jim, thank you and good friday morning, everyone i am jon fortt with morgan brennan and kelly evans, all live in separate locations as cnbc continues to practice social distancing as a precaution let's get a check on the markets. all the major averages are down more than 3% the dow more than the others, down about 850 points after a three-day lift that the markets got. for now we're going to go to meg tirrell who joins us with the ceo of pharmaceutical company novartis meg? >> jon, thank you so much. joins us from bassle it's great to have you with us we want to ask you everything about what novartis is doing we know you're working as part of a major consortium with other science companies and the gates foundation as you're looking across the spectrum of academia and non-profits, what is the nearest term potential timeline for getting a drug that could help with covid-19? >> first, thanks, meg, with the opportunity to speak with the audience and take the opportunity to express thigh gratitude and my admiration for all of the health care workers, physicians, nurses, front line worker

i'm kelly evans. the market desperately trying to hold on to the gains following the single worst day drop since 1987 we were up over 1300 at the highs. we've been losing steam into afternoon trading and still on pace for the worst week since twagtd and the capstone to the week the president's 3:00 p.m. press conference to reportedly declare a national emergency bob pisani on the floor of the new york stock exchange. bob, again, as i said as we try to hang on to the gains. >> drifting lower in the morning after starting big 1150 was the bottom and that's when we got word that the president might declare a national emergency so if you put up the s&p you'll see it is essentially we turned around and started to go back up right about the time we heard word about that. this is a form of fiscal stimulus s&p down about 15% for the week. what a number. yesterday for the first time we started to see real differentiation in some of the sectors. generally everybody's been down for the week dramatically but yest

. >>> frank, thank you >>> good morning welcome back i'm kelly evans with david faber and sara eisenin us as soon as the wi-fi allows about an hour into today's trading session and we've seen the markets all over the place in the last 24 hours but a strong rally with the dow up 944 points 4 .5%. we're at session highs pretty much >> yeah. the s&p as you point out up over 4% extending a rally yesterday as you know, kelly, you were on air during this, i think, in part we had a fairly strong day going after that historic day on let's see, on tuesday. but then some comments and tweets from bernie sanders seemed to temper things. we got the bill through the senate the vote was 94 in favor none opposed, i believe. right? and now we wait on the house of representatives which could act as quickly as tomorrow is from at least what we're hearing at this point >> right following that progress closely, of course, and david a lot of people were surprised that we were down so much this morning we get the horrendous jobless claims number, and maybe it beats expectations maybe it's something else go

i'm kelly evans.he market desperately trying to hold on to the gains following the single worst day drop since 1987 we were up over 1300 at the highs. we've been losing steam into afternoon trading and still on pace for the worst week since twagtd and the capstone to the week the president's 3:00 p.m. press conference to reportedly declare a national emergency bob pisani on the floor of the new york stock exchange. bob, again, as i said as we try to hang on to the gains. >> drifting lower in the morning

. >>> thank you, scott welcome, everybody i'm kelly evans. the markets behind aren't moving we continue cnbc special coverage of markets in turmoil and the global coronavirus crisis stocks are halted why? the s&p fell 7% and today unlike previous two times, it took until 1:00 p.m. nearly and about 15 minute's time will reopen and then have more from bob pisani in a moment. the dow also lost all of its gains since president trump's inauguration hard to be

i'm kelly evans.n his, to day as the federal reserve announces a half point rate cut and holds an emergency press conference to explain it this morning. it has changed tlirl as coronavirus spreads in the u.s. but they still ants fate return of solid growth. powell said he is prepared to use all tools at the fed's disposal and admitte

i'm kelly evans.exes are sinking after the best day since december of 2018, at the lows the dow down 1218 just off the level right now there's the 10-year treasury yield. holding in at 85 basis points. more confusion and mixed messages of washington secretary mnuchin testifying on capitol hill with ideas but no plans. just now the world health organization declared the coronavirus

i'm kelly evans.g up from down 8 00 yesterday to surging 700 today we'll look under the hood of the rally. and see if it can last. >>> plus the historic drop in rates has homeowners rushing to refi how low the rates could go and push up home prices. >>> as michael bloomberg su spends the presidential bid, following the money to answer a key question, what will he and what can he do with the billions >>> we begin with today's monster rally. we could call it

i'm kelly evans. we do have a rare up session on wall street today, but not without plenty of drama. the dow fell more than 700 points at the lows we've rallied more than 500 at the highs and up 219 right now tech, interestingly enough is the big driver of today's move higher take a look right now. the s&p -- for the dow, that's 1% gain, s&p, a little less than that and also rebounding strongly today. we just heard jeff currie of goldman's thoughts on this oil is up after hitting the lowest level in almost two decades yesterday. that said, wall street now not so bullish, i should say, on earnings estimates as you can see, now bracing for an earnings recession with predictions today we'll see negative earnings growth for the entire first half of the year. some call that an earnings recession. let's get more on that, on these markets, and so much more with bob pisani who's been kicked out of the new york stock exchange, bob, but it's good to see you. >> and sitting at home, missing the new york stock ex

i'm kelly evans. turmoil on wall street today the major averages down more than 5% and the dow down more than 2,000 points this morning, still on pace for the worst day since 2008 now market wide circuit breakers triggered four minutes into the session this morning after the s&p fell 7%. every sector except consumer staples down at least 10% from the recent highs the same goes for all but two of the 30 dow stocks. oil, the big driver of today's selloff. tanks more than 22% and hitting a low of $30 a barrel. up to 33 right now, the lowest price since february of 2016 and today's the biggest drop in oil since the gulf war in 1991 history is being made in the bond pits. the 10-year yield fell below 0.32%, hit an all-time low of 0.318. there's the 2016 lows. white house economic advisers set to meet tonight for a form of stimulus. let's get to it all with bob pisani at the nyse as always bob? >> kelly, hello. stocks opened big and the market halted three minutes into trading after the s&p dropped 7% there

. >>> thank you, scott welcome to "the exchange," everybody, i'm kelly evans and we have major wall street as coronavirus spreads. the dow is down 952 points that's a 3.5% drop the downturn, of course, follows a massive rally yesterday that saw the dow post its second biggest point gain ever. but now we're back in correction from the major averages meaning that's a drop of 10% from recent highs. and this selloff has every sector and every dow stock lower. we'll have moron

i'm david faber along with kelly evans and sara eisen unique opportunity for me to use both of your expertisen't talked about your beloved dollar of late but that figures into the equation here it's been quite strong even with the prospect of adding whatever the number may be, $3 trillion or more to our national debt >> right. so everybody's beloved dollar right now is really the story, david, and what we saw over the last few weeks of trading is there's been this rush into anything that is dollar denominated. that's a real sign of fear and of crisis and of the fact that, you know, companies and countries overseas, they've all borrowed in dollars. it's going to be pretty painful. it just adds to the economic pain the dollar got so strong last week it just had its best week since 2008 that you really began to hear speculation that u.s. and other central banks and treasuries around the world could actually intervene something like the plaza accord in 1985 where they did come together in a massive step in to the foreign exchange market to weaken the dollar to alleviate some of the pain we were g

kelly loeffler of georgia, dianne feinstein of california and jim imhof of oklahoma. >> is senator burr saying anything about this? has he responded, evanis. look, he has been very up-front saying he brought in some -- the ethics committee of the senate to take a look at this, said he wanted to make sure that people know that he was not benefitting or trying to profit from any private information. he was using public information at the time he made these trades. i'll read you a statement from alice fisher who is his attorney. quote, the law is clear that any american, including a senator, may participate in the stock market based on public information as senator burr did when this issue arose senator burr immediately asked the senate ethics committee to conduct a complete review, and he will cooperate with that review as well as any appropriate inquiry. >> evan, listen, a lot of people are surprised that members of congress are buying and selling stock while they're getting private or even classified briefings. what's the law here? is that even legal? >> well, it is, you know. depending on what the circumstances are. you cannot -- you k