Lemonis putting not only his company at risk. This is a terrible representation of the business. Im embarrassed. But his most important relationships, as well. Ben then i said, well, whats the plan . Is there a timeline . Kristin you didnt say that. Ben Something Like that. Kristin you didnt say that. You didnt say that. Thats when you said youre the real housewives of new jersey. Lemonis if i cant help him learn to respect his staff. Ben to be frank, i dont really see a relationship continuing. Lemonis . And relinquish some control. Do you not trust people . Ben no, i dont. Kristin theres been times when hes said to me he hasnt trusted me. Lemonis . This business may just wither away. Ben this is my home. This is my life. Sometimes i cant shake it if i dont feel comfortable. Lemonis my name is Marcus Lemonis, and i risk my own money to save struggling businesses. Were not going to wake up every morning, wondering if we have a job. Were going to wake up every morning wondering how many
Its been an unstoppable run for this stock up more than 160 from its lows in late march. One analyst think its got even more fuel in the tank. He will joins as power lunch starts right now the dow is higher for the sixth day in the row thats pacing for the longest winning streak since september lets get to bob for more on the markets. We are sitting at session highs. A little pop about an hour ago that was declared we had entered a recession in february. Let me show you because once again its the reopening story thats moving the tstocks laggig two weeks ago had been leadership groups. Tech is under performing its very interesting how its underperforming. Its not like they are selling them the volume is light in this sector its not a lot of buying interest the same with megacaps you know about the megacap leadership apple is at a new high this is another interesting group. Visa and mastercard have been monsters they have showing some lack of interest today a bit of rotation as we go int
With the dow gaining 6. 8 there has been some controversy about that too explain whats going on behind the numbers. In terms of how many jobs have been lost during the pandemic. Its fifth positive session. Its been up five sessions in a row. Its indicated higher and the 6th day of the week. That was up by 6. 8 . S p was up by 82 points. And then the nasdaq was up by 2 almost 200 points. The s p indicated up by 6. 5. And treasury yields and did see quite a bit of activity there too. The ten year yield picking up substantially last week and this morning its back at 0. 91 i cant remember the last time we had a ten year above 0. 8 let alone 0. 9. It could be a round number some day not that far 1 maybe cross your fingers. Oil too is almost 40. Oil looks like a bad break looks like it went down and it is such a quick one right back up and almost to the levels where it was almost prior to this the journal has the piece when the spiggots are opening here today. We have a huge show again today
Across the americas. The spread is unacceptable. South korea braces for a second wave. Lenders are backing away. Bank of considering cutting a credit line, writing off its and calling it quits. We are just getting some indications, early indications of the economic rebound in australia. The cva australia pmi manufacturing preliminary number for june bouncing back. Just in contractionary territory but certainly much better than the 44 from the previous reading. The Services Number also much better i we get parts of the Services Economy reopening after the restrictions coming in at 53. 2. The previous reading was 26. 9. That composite number for june, 52 point six. 28. 1 and out of contractionary territory. That is a preliminary reading but things looking a bit more positive. Also looking positive for asian markets, lets get over to Sophie Kamaruddin for a look. Futures are in the green with s p eminis and he restocks resuming gains while the aussie dollar remaining on the on foot at the
Markets and across asset analysis, i think a little history is in order. You need to go back to 1933, just before i entered wall street. You need to go back to 1933 to see the 53 day lift that we just saw. Jonathan tom keene in cash since the 1930s, an unbelievable position hes held throughout the last century or so. [laughter] you have not participated in this rally for a long time, tom keene. Jonathan this is tom this is really important. A great strategist at ubs was , and thato hours ago was the distinction he made. This has been a surge without a lot of volatility and without a lot of volume. Volume is missing, and that is something to talk to our esteemed guest about in a moment. Jonathan just a sense of exuberance in the last couple of days. Later this morning, theres a little bit of data we need to look out for. Lisa at 10 00 a. M. , we are getting job openings data from the u. S. Just looking for a sense of how quickly that is coming back online. Also really important, the Sen