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The Gazette in Medina, Ohio

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Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Mar 07, 2020

Page

20

Markets tumble as stocks and bonds hit record lows

U S stock indexes slide about 2 percent amid global virus fears and plunging bond yields. The 10 year Treasury yield dips below 0.70 percent while oil drops over 7 percent as demand weakens. Dow falls 452 points to 25,659 as volatility spikes and S P 500 tethers from record highs.

New York U.S Treasury Ryan Detrick LPL Financial Europe Asia Ipek Ozhardeskaya Swissquote Bank S&p

Job gains and low unemployment signal sturdy US labor market

US payrolls rose 273000 in February with the jobless rate at 3.5 percent, the level last seen in 50 years, and average earnings up 3 percent year over year. Government hiring rose, while hours, participation, and U6 underemployment metrics point to ongoing strength before virus disruptions widen.

Washington US S Labor Department Bloomberg U.S Federal Reserve Central Bank Fed Jerome Powell Census Bureau Powell China

Tito's Vodka clarifies its limits as sanitizer

Austin based Tito's Vodka says its 40 percent alcohol content does not meet CDC guidance for hand sanitizer. Twitter posts warn fans against using Tito's as a sanitizer and advise proper CDC recommendations alongside reports of shortages and price gouging.

Dallas Texas Austin Tito’s Dallas Morning News Tito CDC Centers For Disease Control and Prevention

Brookfield raises bid for Cincinnati Bell to 13.50 per share

Brookfield Infrastructure Partners LP boosts cash offer for Cincinnati Bell to 13.50 a share valuing the deal at about 2.8 billion including debt. Cincinnati Bell board backs the amended merger, awaiting shareholder and regulatory approvals to close by year end. Investors push Cincinnati Bell stock to 14.64, up 39.8 percent this year.

Honolulu Hawaiian Telcom Inc Brookfield Infrastructure Partners LP Cincinnati Bell Inc Honolulu Star-Advertiser Brookfield Hawaiian Telcom Cincinnati Bell Macquarie Infrastructure And Real Assets Inc Macquarie/Real Assets Cincinnati Bell Sucha Sucha At&t Inc Kinross G AMD Kohls Amber LincNat Amé Airlines Macys Annaly Marathno AnteroRes Apple Inc Micront Aurorac Microsoft EcoBrad BkofAm MorgStan Barrickeld Nabors BedBath Newell Br NiSource Biocept H NokiaCp CaesarsEnt Northropg CallonPet OasisPet Carnival Cedarf OcciPet ChesEng OpkoHlth Cisco Oracle OwensCorn Citigroup CocaCola Comcast PepsiCo Petrobras CypSemi Pfizer Delta Air Disney Schimbrg EggTrustr Schwab Ole ExxonMbl Sherwin Facebook Shiloh FirstEngy Sirilusxm Fordm Smucker Frotmicm GenElec Snapinc A i GileadSci SwitnEngy Spherix Rs Hallibrin Target HeatBio Transcen HomeDp HuntBnesh Biosys iBio Uber Twin Novio Phm Vale SA Ntel VerizonCm WalMart Nvacare Wells Fargo Tauunh Wendys Co Jd.com WmsCos Jpmorgch Keycorp ZoomVid Nwe KindMorg Zynga Exch Lt Sweet Crude NYMX New York Mercantile Exchange CBOT Chicago Board of Trade CME Chicago Mercantile Sugar (World ICE Intercontinental Exchange Mutua Funds Init American Funds AmrcnBalAm Dodge & Cox Fidelity Contrafund Fidelity Franklin Templeton Pimco TtlRetins Schwab Sp500idx Rowe Price Bcgr Vanguard Vanguard Hcadm Vanguard PrmCpAdmrl Vanguard Stinvmgrdadmrl Doe SEC The Associated Press

Also Mentioned on This Page

Stan Choe Damian J. Troise Dom DiFurio Iito TODKA Telcom the Market IN Review Dow Industrials Dow Transportation Dow Utilities Dle Nyse Composite Nasdaq Composite Wilshire Russell Nyse Anp Naspaaq EnzoBio SM Energy InovioPhm MatadorRs NanoViric Altisree EvispnTe Ecmphon Pc-Tel ObsEva Valaris Wells Fargo
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