The nasdaq up 1 and s p 2. 7 and dow declined 86 points were about to get a set of u e unbelievably set of big numbers but frankly, its horrifying if you think about why they are thriving this week we hear from walmart, from home depot, lowes, and target and if their stocks get hit for any reason, you have to buy them because these major operators are up against general merchandisers, hardware stores, Sporting Goods and lumberyards that cant compete because they were deemed essential and i fear they will never get lost customers back, not with prices big guys charge. The winner haves so many advantages over the little guy im amazed there is any competition whatsoever i feared that there wont be and thats driving me nuts i love when these big household names go higher, but i hate when the reasons they are going higher their Small Business competitors are being wiped out. A lot of these smaller outfits have been able to hold their own before covid, but now the big guys have crafted pheno
Take a look at where we are trading about four hours of ahead of these earnings. Nasdaq going positive ahead of that print lots going on today. You have the trump tweet casting doubt about holding the election theres your market pricture lets kick it around nasdaq turns positive. Kramer thinking the stocks are set up for fall after the bell because they have run so much and yet you buy the cues into the print. Tell me why. Well, i bought the qs when the market was down because the market was down today based upon statements that came out from meadows saying they we are made far apart on a deal. Yet, you have some great earnings come out from the Tech Companies and qualcomm corevo. U. P. S. Also talking on the consumer side. I thought that the market was over sold. I bought the qs. I already sold out half of the trading position ill hold onto those a little longer ive got positions in every company reporting tonight. My exposure to nasdaq is long enough what jim points out its is path o
We will bring that to you live and keep you updated. We will get the market take, what do you do when Retail Investors are crushing it and the sophisticated guys are not . We will break it down. Story, the the top market is paying close attention to the Central Banks economic protection. Theres a lot of stuff going on. Our guest joins us now. We have a laundry list of things that everyone is watching for, what are you most interested in . We are all watching for a lot of things but i dont think anything will really happen. Im not expecting any new announcements yet the most interesting thing will be the summary of economic ejections, projections. This is a good sign at the fed now feels like they can actually day forecast together. But it will be uncertain. I think bloombergs forecast quarter,t for this which we are already most of the way through, theres contraction by 7 , and 65 growth for this quarter. Just to show how incredibly uncertain rings are, they are putting together a fore
Ten states are beginning to work on plans to open parts of their economy. Maybe in may, the fed launches a commercial paper funding fa s t facili facility there is an argument that calls for stocks to retest are fading. I thought yesterday was an important day with the dave kostin change. I did a lot of work, help with larry williams, about how many times when you have a 50 retracement or more, we have a retest the answer is almost never i think theres a lot of people coming on someone came on the air this morning and said in every single case you have to have a retest. Thats completely untrue if you bounced up 50 beginning last friday thats what we did. A lot of people say this thing is based on large cap companies. Thats what we do. Were not trading luncheonettes here thats not to the detriment of luncheonettes. Were not trading hair salons. Thats not the way it works. We trade Large Capitalization Companies that do better than smaller ones in this environment. Thats life. Is it fair
[music] hello. Welcome to outside source. Governments around the world are ting restrictions at the coronavirus as the coronavirus continues to spread. President macron has ordered the whole of france to stay at home or risk being punished. He says the country is at war the u. K. Is saying avoid social contact, dont travel, dont go tohe pub. Boris jon says all of the measures are tough but necessary. I believe they are overwhelmingly worth it to slo the spread of the disease, to reduce the peak, to save life, minimi suffering ando give our nhs the chance to cope. President trump has toldot americans to send their children to school and to avoid gatherings of more thanop 10. Cif everyone makes thisnge or these critical changes and sacrifices now, we will rally together as one nation. Meanwhile, a huge intervention by the u. S. Central ba has failed to calm stock markets. Right now this is the bell being run at the clo in new york. Its fallen again by huge amount. [music] well, the Globa