Which prevent michiganders crossing the street to visit family members. No relaxation of the social distancing rules from President Trump. Hes considering extending the keep your distance regulations into the early summer. Then theres this. Antibody tests that show far more people have been through covid19, three million in new york state, 20 of new york citys residents have had it. That means the fatality rate, the number of people who died from the virus, comes way, way down. Interesting. Quickly to the markets. Not Much Movement at the open today. Orders for durable goods in march down 14 , yeah, thats bad but it was expected. The dow is going to be up 193. I call that little movement. How the times change. We will be back to 23,500, big gain modest gain for the dow, nice gain for the s p and for the nasdaq as well. Look at oil, staying at low levels. We are looking at 17 a barrel. In the absence of demand, we are still not driving very much, we are running out of places to store al
A race to the bottom for currencies and Interest Rates. What is wall street doing . Record highs across the board. Varney and company is about to begin. Stuart looking here. That is the nasdaq. First time since the dow on days. Cheryl casone with me. Going through this together. Is that a bubble . This has been a very slow build. We used to think that the nasdaq was just technology. It is not anymore. We have a mind set. You are quite right. I agree with you. News this morning that air bnb is worth 20 billion. Snap chat. These are not listed companies. I think that is the bottom. Who do you think is pushing these expectations. The rest get that you know what out of them because they bought the stocks at these superhigh levels. Let the good times roll. Look at the big board right now. The dow at 18,248. I do not believe we have been there before. I believe it is a new intraday high. I have a stock for you. Mcdonalds. Seems like just two weeks ago it was 90. Another stock story of a very