Markets sell off over fears of omicron's impact on global economy
CNBC’s Melissa Lee and the Halftime Report traders, Steve Weiss, Liz Young, Joe Terranova and Jon Najarian, discuss the markets on a day when fears of the omicron variant and its impact on the global economy have hit the markets hard. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
The major averages fell on Monday as investors continued to grapple with the resurgence of Covid cases spurred from the newfound omicron variant.
The Dow Jones Industrial Average dropped about 550 points, dragged down by losses in Boeing, Goldman Sachs and American Express. The S&P 500 dipped 1.4% and the technology-focused Nasdaq Composite declined 1.5%. The small-cap benchmark Russell 2000 lost 2.4%.
The omicron variant is raging across the world as the winter holiday season approaches. The strain has been found through testing in 43 out of 50 U.S. states and around 90 countries, and the number of cases is doubling in 1.5 to 3 days in areas with community transmission, the World Health Organization (WHO) said on Saturday.
U.S. cases are jumping into year-end with more than 156,000 reported on Friday, according to CDC data.
Reopening plays were among the biggest losers once again on Monday. Royal Caribbean shed 1%. United Airlines and Southwest fell 1.7% and 2%, respectively. Darden Restaurants also lost 2.5%. Booking Holdings was down more than 2%.
Energy stocks also dipped as U.S. oil prices dropped more than 5%. Devon Energy slid more than 4% and Exxon Mobil shed 2.8%. ConocoPhillips was down about 1%.
Financials were in the red with Goldman Sachs down more than 3% and Wells Fargo down 2.8%. JPMorgan and Bank of America also dropped about 2% each.
Caterpillar, Boeing and General Electric also lost ground on Monday. The aircraft maker was off by 3.4%. Caterpillar and General Electric fell 2.7% and 3%, respectively.
The downward move in markets “reflecting growing uncertainty surrounding whether the Omicron surge will bring new widespread economic shutdowns, an unexpected shelving of additional fiscal stimulus from President Biden’s Build Back Better plan, and a breach by the S&P 500 index of its 50-day moving average,” said Jim Paulsen, chief investment strategist at the Leuthold Group.
On the political front, Sen. Joe Manchin, a conservative Democrat from West Virginia, said Sunday he won’t support the Biden administration’s “Build Back Better” plan. Manchin’s decision will likely kill the $1.75 trillion social spending and climate policy bill as it stands now.
Goldman Sachs cut its GDP forecast on the Manchin news, cutting its first quarter 2022 forecast to 2% from 3%. The firm also lowered its second quarter and third quarter growth forecasts.
“In light of Manchin’s comments, the odds have clearly declined and we will remove the assumption from our forecast,” Goldman’s economist Jan Hatzius wrote. “With headline CPI reaching as high as 7% in the next few months in our forecast before it begins to fall, the inflation concerns that Sen. Manchin and others have already expressed are likely to persist, making passage more difficult.”
The major averages are coming off a negative week, with the S&P 500 declining 1.9%. The tech-heavy Nasdaq Composite dropped nearly 3% last week as investors dumped high-flying growth stocks on the prospect of higher interest rates, while the Dow slipped 1.7%.
Last week, the Federal Reserve announced a more aggressive plan to wind down its asset purchases, and said that it will potentially raise interest rates three times next year.
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Sell everything
Omicron FEARS
God never meant anyone to live in fear.
If you have fear of this lie it shows you are without hope, for a life without Christ in the centre of one's life is a life that is hope-less.
The 10 year is depressed because the Fed is buying enormous amounts of government debt.
Over 67%+ of Americans unemployed permanently!ALL Americans NEED livable wages of $30/Hour and up! We are 50 years behind! Americans do not need poison vaxxx!
80% of intelligent Americans are NEVER taking the poison vaxx!
Spike protein in jab destroys nucleus repair!
Spike protein in jab destroys nucleus repair!
Spike protein in jab destroys nucleus repair!
Clowns tata
if the economy was hot they would get the ships unloaded
<"Don't fight the trend"> is an old saying, and there are other variants of the phrase like "never catch a falling knife." The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average while losing. It really doesn't matter whether one is trading soy futures, silver, stocks or cryptocurrencies. Markets generally move in cycles, which can last from a few days to a couple of years. In B.T.C's case, it's hard for anyone to justify a bullish case by looking at the chart. It is much more complicated than some would have you believe but from Frederick Johnson approach, bear market aren't worth losing from if you use the ongoing new bie/investors programs. A portfolio I got into with 1.3B TC was quickly increased to 5/6B/tc.>>
# CoronaClimateWarCalamity
ﺳﻠﺴﻠﺔُ ﺑﻴﺎﻧﺎﺕ ﺍﻟﺒﻌﻮﺿﺔ ﺍﻟﺨﻔﻴّﺔ ﻭﺳﺮّ ﻓﺎﻳﺮﻭﺱ ﻛﻮﺭﻭﻧﺎ ..
Series of the hidden Ba-ooda and secret of
coronavirus.
Imam Mahdi Nasser Mohammad Al-Yemeni
10 – Rajab – 1441 AH
05 – 03 – 2020 AD
12:51 pm
⚠️⛔️⚠️ WARNING ⚠️⛔️⚠️
O community of the worlds, here is this great news to you..
" I warn you the final warning:
You should look at what is around you from heaven and earth, surely you will find that what affected the sun, moon, earth and other planets is planet Saqar. In fact, it approached more from a distant place and became near and the end of yours has approached, so you have to carry out Allah’s command by the scientific look to the fact of the approaching planet of chastisement. So the end of your term is near if you do not believe yet that Allah chastised you with minor chastisement by the hidden soldiers (what you call it corona yet it is not corona). O children of Adam, Allah lead you on with it from where you do not know, about the initiation of Ba-ooda virus of the blood from the lesser chastisement for you may resort to Allah for refuge and turn back away from your misguidance, so you would obey Allah and His khalifa, and follow the true caller from your Lord. Allah will certainly nullify your entire vaccines by new and strong soldiers then Allah would make your vaccines against you as distress, grief and sorrow ; did not avail a thing against you. While the plant Saqar that approaches your earth is most grievous and most bitter. I did not advise you this advice out of myself, in fact you find it in the word of Allah the Most High: {And those who reject Our messages — We lead them (to destruction) step by step from whence they know not.(182) And I grant them respite. Surely My scheme is effective.(183) Do they not reflect (that) there is no madness in their companion? He is only a plain warner.(184) Do they not consider the kingdom of the heavens and the earth and what things Allah has created, and that it may be that their doom has drawn nigh? In what announcement after this will they then believe?(185) Whomsoever Allah leaves in error, there is no guide for him. And He leaves them alone in their inordinacy, blindly wandering on.(186)}Truthful Allah the Great: [Al-A`arãf] 7:182-186, and confirming with the word of Allah the Most High: {So leave Me alone with him who rejects this announcement. We shall overtake them by degrees, from whence they know not.(44) And I bear with them, surely My plan is firm.(45)}Truthful Allah the Great [Al-Qalam] 68:44-45 "
Imam Mahdi Nasser Mohammad Al-Yemeni
10 – Dhul Hijjah – 1442 AH
20 – 07 – 2021 AD
12:01 pm
https://www.mahdialumma.org/showthread.php?p=356157
"Furthermore, the mass lockout in the world due to Corona has made the major countries know that the global warming did not happen because of factories but because of another reason which they hide from the world, and I know that they are guessing blindly that there is a planet approaching the Earth even though they have not seen it directly due to its different colours; to illustrate, white like the sun, red, and black so how are they going to see a planet that is covered with fire that is darker than a new moon, can you see a new moon despite its closeness to the Earth? It is the same case for planet Saqar when it is covered with intense black fire. But they will know about its coming from scientific theories through its effect on all the planets of the solar system, the sun, and the moon. And the sun has caught up with the moon due to the approach of Planet Saqar, so the full moon occurs ahead of its time before the night of the middle of the lunar month as a repetitive warning in the sky of humans but did not cause them any remembrance
Moreover, consecutive climatic disasters are going to befall you and I do not think that it will cause you any remembrance as those fools who do not reason, think, nor believe but what NASA announced, ignoring what Allah's caliph Al-Mahdi Nasser Mohammed Al-Yamani has stated of news that are the truest Words of Allah Lord of the worlds, but NASA and others hide this truth from the worlds and NASA the so-called protector of planet Earth from the dangers of the meteors of planetoids will not benefit you, and I swear by Allah they could not protect themselves from the Planetoid of the first Rajefah (quake). Indeed, Allah will target with the Planetoid of torment the United States of America and they would not be able to protect themselves and it will strike in the speed of light in the land behind the Atlantic Ocean in the USA, in line with the Word of Allah the Exalted: {And Our command is but one, like a glance of the eye. (50) And We have already destroyed your kinds, so is there any who will remember? (51)
Al-Qamar -Chapter: 54 -Verses: 50-51"
Imam Mahdi Nasser Mohammad Al-Yamani
08 – Rabi Awwal – 1443 AH
14 – October – 2021 AD
08:58 am
(According to the official time of [Mecca] Mother of towns)
____________________
https://awaited-mahdi.com/showthread.php?p=362934
3
#حرب_من_الله_كونيه_وكورونيه
lwDk|D
Cosmic and Covidious War from Allah..
Imam Nasser Mohammed Al-Yamani
07- Jumada I -1443 AH
11-12-2021 AD
٦
Cosmic and Covidious War from Allah..
Imam Nasser Mohammed Al-Yamani
07- Jumada I -1443 AH
11-12-2021 AD
Cosmic and Covidious War from Allah..
Imam Nasser Mohammed Al-Yamani
07- Jumada I -1443 AH
11-12-2021 AD
Search for more details using the date of the statement.
⛔⛔⛔
"Furthermore, the mass lockout in the world due to Corona has made the major countries know that the global warming did not happen because of factories but because of another reason which they hide from the world, and I know that they are guessing blindly that there is a planet approaching the Earth even though they have not seen it directly due to its different colours; to illustrate, white like the sun, red, and black so how are they going to see a planet that is covered with fire that is darker than a new moon, can you see a new moon despite its closeness to the Earth? It is the same case for planet Saqar when it is covered with intense black fire. But they will know about its coming from scientific theories through its effect on all the planets of the solar system, the sun, and the moon. And the sun has caught up with the moon due to the approach of Planet Saqar, so the full moon occurs ahead of its time before the night of the middle of the lunar month as a repetitive warning in the sky of humans but did not cause them any remembrance
Moreover, consecutive climatic disasters are going to befall you and I do not think that it will cause you any remembrance as those fools who do not reason, think, nor believe but what NASA announced, ignoring what Allah's caliph Al-Mahdi Nasser Mohammed Al-Yamani has stated of news that are the truest Words of Allah Lord of the worlds, but NASA and others hide this truth from the worlds and NASA the so-called protector of planet Earth from the dangers of the meteors of planetoids will not benefit you, and I swear by Allah they could not protect themselves from the Planetoid of the first Rajefah (quake). Indeed, Allah will target with the Planetoid of torment the United States of America and they would not be able to protect themselves and it will strike in the speed of light in the land behind the Atlantic Ocean in the USA, in line with the Word of Allah the Exalted: {And Our command is but one, like a glance of the eye. (50) And We have already destroyed your kinds, so is there any who will remember? (51)
Al-Qamar -Chapter: 54 -Verses: 50-51"
Imam Mahdi Nasser Mohammad Al-Yamani
08 – Rabi Awwal – 1443 AH
14 – October – 2021 AD
08:58 am
(According to the official time of [Mecca] Mother of towns)
____________________
htt*ps://ww*w.mahdialumma.n*et/show*thread.php?p=362934
Qvi343
An Audio Statement in English, titled:
Cosmic and Covidious War from Allah..
Imam Nasser Mohammed Al-Yamani
07- Jumada I -1443 AH
11-12-2021 AD
https://youtu.be/LRhbhPjkl_8
2
#Divine_Cosmic_n_Covidious_War
Omicron
XYSd7P
And the question that imposes itself is: Why did the intensity of the war of the calamities of climate changes increase amid the declaration of the global war of corona?
Imam Nasser Mohammed Al-Yamani
11-12-2021
Search for more details using the date of the statement.
Cosmic and Covidious War from Allah..
Imam Nasser Mohammed Al-Yamani
07- Jumada I -1443 AH
11-12-2021
Cosmic and Covidious War from Allah..
Imam Nasser Mohammed Al-Yamani
07- Jumada I -1443 AH
11-12-2021 AD
Search for more details using the date of the statement.
As the intensity of Allaah's cosmic war of the lesser torment in 2020 and 2021 has increased, and what is yet to come is more intense
Imam Nasser Mohammed Al-Yamani
11-12-2021
Search for more details using the date of the statement.
And the question that imposes itself is: Why did the intensity of the war of the calamities of climate changes increase amid the declaration of the global war of corona?
Imam Nasser Mohammed Al-Yamani
11-12-2021
Search for more details using the date of the statement.
"O Non-Arabs and Arabs, certainly the planet of Torment is just around the corner, so where would you escape? And the evidence upon its approaching in the news of the Great Quran is that Coronavirus shall invade the world from where they do not know its animalistic origin since it has not come from animals but a strain of somewhat like a gnat (Ba'ouda) which you do not encompass knowledge about, a challenge from Lord of the worlds so that you may know that you encompass not a thing of His knowledge except for what He wills, Exalted is He! And it is of the lesser torment
Moreover, there is a wisdom behind this virus which is to initially stop the world's wheel of life including their factories for many months, then Allah Raises the bar of the climatic war causing floods, fragments of sky mountains loaded with lethal hail, tsunamis, and fiery hurricanes to burn forests. Also, volcanoes, earthquakes, and all kinds of Allah's climatic war of the lesser torment short of the greater torment that perhaps you may return to Allah, and I have explained this in detail a long time ago before their occurrence so let us not repeat it."
Imam Mahdi Nasser Mohammad Al-Yamani
08 – Rabi Awwal – 1443 AH
14 – October – 2021 AD
08:58 am
(According to the official time of [Mecca] Mother of towns)
____________________
https://www.mahdialumma.net/showthread.php?p=362934
6
#Divine_Cosmic_n_Covidious_War
DhFVDJ
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today…..BE WISE