How one hedge fund may be getting ready for double or nothing after a historic run to the march bottom this is monday august 17th, this is Worldwide Exchange. What a day to start the week. Appreciate you joining us to kick off your weekend here on cnbc and see record breaking remarkable rally can roll on and futures indicating that it can and it might but still they are off the s p 500 is now up 45 . Its now just 0. 6 how is that for a pacific. Hitting an all time intraday high if we go more than just a half a percent we have a new closing high and theres now four dow components that are each up more than 10 thats in august by the way. Traditionally the worst month of the market where is the money coming from people may be selling bonds to buy stock because you may not know this but its huge for the last few days. The ten yore yield surging 25 yes, i know thats only to 0. 7 of what we are right now but a five day, 25 move in treasury yields is almost unheard of. It also means that Mort
The prize possession that rrod and j. Lo are reportedly trying to buy. She says we all need a laugh these days. The woman wowing her neighbors with a different look and a different message every day from her own front porch. Good Tuesday Morning, everyone. 42,000 people here in the u. S. Have now died from the coronavirus. And now a major announcement from President Trump. With an executive order, he says he will suspend immigration into the United States to help fight the virus and protect american jobs. He has not provided a time line. Many democrats are already calling the move xenophobic and accusing the president of using immigrants as a scapegoat. On capitol hill lawmakers are close to reach a deal to provide billions dollars in extra relief for Small Businesses but democrats are demanding a National Testing strategy. A growing concern the rise in cases at meatpacking plants. A doctor in new york says the emergency room is quieter but patients are arriving sicker and in boston wh
Take a look, winning week better than 1 . Nasdaq turning positive for the year with gain on the session yesterday of 125 points, the dow industrials up 211 almost 1 and the s p yesterday 32 at 4 00 oclock on wall street. On the trade front top u. S. And china negotiators holding a call agreeing to implement phase 1 of the trade deal as and bombshell on Michael Flynn case. Justice department dropping the case against National Former adviser Michael Flynn after serious memo raised questions about the investigationment we have all the details. Boeing ceo David Calhoun, special guest live at 7 00 a. M. Eastern and look at Airline Industry and the latest of the still grounded 737 max fleet, mornings with maria is live right now. Global markets look like this. Take a look. Easing of trade tensions to the United States and china where the two sides agree to finish out the phase 1 deal, cac quarante 36, dax index up 88. German experts down nearly exports down nearly 12 on record. Best performe
Stocks as well. At 4 00 oclock on wall Street Markets were downwith the dow industrials taking another step down near the close so we were down sharply in the morning, leveled off in the afternoon, went back at it at the close, down 592 points on dow industrials at 4 00 oclock yesterday. Earning season rolls on. Big names include cocacola, lockheed martin, Philip Morris and travelers this morning. After the bell attention turning to streaming giant netflix. We will anticipate what the numbers will be. President trump saying he will sign executive order temporarily suspending immigration as part of the war against the coronavirus pandemic. Getting america back to work, georgias governor announcing businesses can reopen this week. Other states including South Carolina and tennessee also starting to ease restrictions. Meanwhile battle over additional coronavirus aid continues on capitol hill this morning. Businesses are waiting for the muchneeded funds to become available. Senate likely t
We are seeing every single day. Reporter there are any number of ways to chart the spread of the virus. San francisco like california as a whole is seeing a relatively slower growth. Other parts of the country are seeing rates of spread nearly twice as high if not more. While that is good news even successful social distancing might only biased time. It is plausible that despite all these efforts we could have a scenario similar to the one that is playing out in new york this very day. Where we are today you will be in three weeks. Or 4 weeks or 5 weeks. Or six weeks. We are your future. Reporter new york is racing into a spike of cases that is not expected toat least another 2 to 3 weeks. But while we may have avoided that for now softening the front end of our curve is no guarantee for what the rest of it will look like. You can get an initial to flatten the curve initially. If things go back to normal that curve could easily go back up. Reporter talk about time we had the governor t