Today in some of the comments out of retailers like burlington, anf, dollar tree, and Dollar General yes, if you look at the Dollar General, the numbers are just extraordinary i actually have never seen a Comp Store Sales number this good 21 versus 7 estimate. Dollar tree is going to be the one, david knows this well, people look like, you know what, now the dollar tree Family Dollar merger which had been so on the rocks, the judgment is its working and that stock could power much higher. Dollar tree. The opening trade is sapping the money out of tech. I dont know how much longer it can last thats such a great book in gary because he knows so much about what people are spending theyre essential because they have food, and i look at this market and i think how long with the dow up 4 can we actually say, hey, the reopening trade is just starting . Its already maybe too far too fast its very hard to figure, particularly because faang is being distorted by the president s tweets, facebook
Josh brown , some of the individual runs look amazing amazon 7, facebook 7 how long can this continue the other streak thats happening through the Looking Glass is continuing on pace as well small cap stocks look Terrible Bank stocks are the worst place you could be right now now you have the cruise lines and travel related stocks. Those are rolling back over again. I guess retail and energy are hanging in a bit better but the have notes are continuing to have not and so those trends can go on for a lot longer than most people can stomach watching them especially if they are on the wrong side of that its a very difficult market whats important to point out, its not just that nasdaq stocks are doing well the gains are particularly concentrated among the largest nasdaq stocks. We know that all you have to do is look at a ratio chart between the triple qetf and the qqqew which is the equal weight nasdaq etf. Yes, such a creature exists in the wild qqew is negative 2 on the year while the
Clients. Got to hear mohammed, one of the smartest in the business. What if there were a tool, work with me here, that identified where in the air around your town coronavirus might be hovering . Drone Company Dragon fly says its drones can now just do that. The ceo is here on how they work, but also on the privacy controversy now swirling around his wildlooking aircraft right there on the screen. In this work from home world, theres a real lifeline between millions of employees, their coworkers and their clients, the ceo of slack is here on what happens to his companys dominance as the world reopens. An important question here. Breaking at this hour, protest against governor newsoms beach closures are heating up in california. We have helicopter video in. We will take you there. Plus which stocks Warren Buffett might refuse to discuss during his annual meeting tomorrow and why that should matter to you the investor even if you dont own shares. Plus charlie breaks it on round two of th
In demand for oil. Francine it is amazing. F you look at the price he was gloomy and said this was serious. Interesting is that all of his modeling shows there will not be enough Storage Capacity because demand will fall so much. It is based on every country not cheating. If a country needs to balance its books you might open the taps a little bit even if the price of oil is low because you need the export revenue, but that may make things worse. I think thats what he was trying to convey to us. Tom no question about that with oil. Jonathan ferro was talking yesterday about the global contraction in oil. In new york city here is viviana. Report on the impact of coronavirus on the oil market. This year oil demand will plunge by a record of 9 . The executive Director Director on surveillance moments ago. This will for efforts by the opecplus coalition to contain the rush of crude. Shrink byill almost a third. Toald trump halting payments the World Health Organization, he blames them for
Payments to lower income households. Aid to households households with children. One year tax referral. Cuts, money handouts for businesses and households it seems like officials in tokyo are stepping up to try to support the economy as they look to implement an emergency lockdown as early as tomorrow. That is likely when it will be announced. It will be starting on april 8. We will continue to digest the details from that package. They did see a thousand cases in japan and we are waiting for more announcements from shinzo abe, planning to declare a state of emergency. We are still seeing equities heading higher. U. S. Futures falling. The press briefing from President Trump, perhaps there is light at the end of the tunnel. They are seeing some signs of stabilization when it comes to new infections. Europe is also seeing a peak in cases. Asia, we are up about 1 . It is still very much the oil story. Doubts about what a deal could look like, is the u. S. Going to be involved, is it cond