We were talking about it with some of the smaller and midcap names. We saw some of the cruise line stocks, the casinos. The restaurants were on fire. Cracker barrel up 9 , 10 . Dont you like that . Caroline i have not been to a cracker barrel. Romaine exit through the gift store. Taylor this really all comes back to the data that we got this morning. June Industrial Production and july early numbers out of manufacturing all betterthanexpected. Are hearing from dances of the of Richard Bernstein advisors. Thank you for being with us. You take a look at the positive economic numbers. The big outperformance in the russell 2000 today. You said you were a little overweight on u. S. Versus the rest of the world. How do you think about that Going Forward . Smallcap producers getting a big win . Dan i think modest overweight on the u. S. Still makes sense, but i think moving that angry mental dollar outside the u. S. Makes more sense. Clear thatis very the data is Getting Better in the u. S. ,
Sweet week for the market, up nicely, but if you look a little bit farther back, were actually right where we ended up in may. We went nowhere in june. What would move the market up or down Going Forward . Yeah, thats right. The market had a great week. The s p 500 finished up 4 . Only up 2 from a month ago, its gone nowhere. Theres been this push and pull between good news, we had a lot this week, both the payrolls numbers close to 5 million new jobs added, better manufacturing surveys, and that caused investors to overlook a lot of the bad coronavirus news. But thats just making back what we lost last week when the coronavirus news was the focus of the market, and were really going nowhere right now. Jack so what could change that . Youre looking ahead to earnings, i assume. Yeah. Thats going to be the big one. The earnings reports are coming. Were going to get banks in a couple weeks. Were also getting a few trickling out. Theres companies that have these weird reporting schedules.
Was 25 n the s p 500 better than average over the last month. We are waiting on the let us check of japan, as the pandemic puts more pressure on the economy already sliding into recession. Inflation numbers are due at this hour. Haidi lets check in on the markets. We had a pretty tepid handover from the u. S. Stocks edging higher. Volumes still below what we have seen over the past month or so. Very much a rangebound trading session. We continue to seek a new catalyst. We continue to see rising cases across the u. S. , driving the idea of a second wave. Beijing struggling with a second wave as well. Conflicting data not giving a great deal of intel as to what the future holds. We are dealing and upside on s p futures, up about. 3 . Nikkei futures also a little bit higher, japan weighing the frostburg of reopening. Also the potential demise when it comes to tourism. Sydney futures are a little bit to the downside at the moment. We could see a modest bounce at the start of trading here i
Cap. And flight path trouble. And amazon Banning Police use of facial recognition technology. It is a very busy thursday june 11 this is Worldwide Exchange here on cnbc good morning. I am brian sullivan. Thank you for joining us on a very busy thursday and one that could be a tough day for investors. On the screen,down 635 points right now. Some thinking the reopen rally may have been overdone and health data up in texas. Texas is siege about 2 to 3 daily growth in cases. Not that outline in the last couple of weeks but a slight up tick there and other states like arizona. That has got people on edge. Yield has been falling reversing a recent trend bonds will be sensitive. The fed yielding 6. 69 well call it oil prices like stock futures are down this morning. Not only any kind of growth concerns but youve got inventories growing. If virus cases do start to spike, we could see gasoline as many retreat rates will state low for years bank and financial stocks taking it on the chin wednes
Tweet us cnbc fast money. Lets start with a strong start to the week for the markets. In fact, recordbreaking close for the nasdaq tech leading the way it has done so often guy, your take on todays rally. If we snapshot today, guy, Half Way Point of the year, the dow is down 8 or so the nasdaq 100, up 21 , almost a 30 differential will that be repeated in the second half of the year . Well, first of all, its great to be with you you know, im a huge fan of yours. Ive mentioned that number of times. So. Thanks for hanging out with us this evening. Thanks for having me, guys. Im hard pressed to believe that you can come anywhere close to having that same kind of out performance in the second half but i have to say, i didnt think it would happen in the first half of the year so who am i to sort of speculate on that. What i will say in terms of the s p 500 with its move basically within a whisper of its alltime high if you assume 130 worth of earnings for the s p 500, which is a pipe dream,