Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo
World Wide Exchange on cnbc. And in today. Happy monday morning everybody. Lets check in on the Global Markets. Seeing a sell off in world equities future following a sell off in the dollar. Taking a pause. Wait and see what trump will do. Dow futures are down 21 points. Nasdaq futures are down 13. This after a volatile day on friday where stocks sold off as President Trump was speaking and the dow finishing higher by 100 points. Ibm as well contributing on friday overall. You can see right there, sarah, on the board is futures market that perhaps is taking a pause after a nine point rally in the dow. Theres some buying of treshries. And nothing extreme but a little bit of a risk all mode this morning. The busiest week so far. 100 Companies Reporting the s p 500 and the busiest day thursday. I want to say 39 Companies May be reporting thursday. Check out whats happening with european equities because were seeing weakness across the board in the major markets. The dax down half a percen
It is president s day a day we honor the leaders of the United States and today we are one month into the first term of our 45th president donald trump. A lot has happened in the past 30 days. You can say that again, not only in the stock market which has hit repeatedly highs but also all across america. Over the past month scott cohen traveled to california, michigan and nevada to report on the issues effecting business and budget and tonight hell tell us what he found but we begin with the stock market which is hit high after high since inauguration day. Dominic chu tells us whats behind the rally and what hiegt happen next. Reporter now that President Trump and his administration have officially been at the hel much of america for one month investors are taking stock of what weve seen and what we can can expect. Our a slue of executive orders, Senate Confirmation and polly guidance, stocks still remain in record high levels continuing that staggering run weve seen in the market sinc
Shanghai hanging in there. Higher by about half a percent. European equities, of course, this one often the last week or so has been the tale how we begin the trading day. Ftse might be down. Spain ibex down one and a quarter. Interestingly was in positive territory. 6522. It is higher than before britain voted to leave the eu. Take a look at crude, wti down about a 133. Natural gas has been rallying this year down about the same amount. I want to thank you for being here. Bern stooen was a merrill guy for quite a long time. Made quite a name for himself, but for him to come in here and be the guest host for an hour is really good for richard bern seen the advisers. I think it says you couldnt get anybody else. That may be true to some extent, but im thanking you. Its nice to see you. Im glad youre here. Im sure he didnt need to set his alarm. Couldnt wait to get here this morning. Chopping at the bit. I think either works. Cham champing or chomping. Its champing. 6 02. If youve never
Hiring on wall street. Mylan announcing a generic version of the epipen for 300. What it means for the millions of patients that use epinephrine. But lets start with the markets. Theyve run up today. They declined about 0. 8 last week but bounced back to tune of half a percent today. Joining us, we have brad mcmillen, ben willis and our own Rick Santelli at the cme. Good afternoon to you all. Brad, lets start with you and focus on the driver for the market bounce today. It is banks, it comes off the back of a decent move on friday. All really based on expectations of rate hikes coming forward. Is it justified the see the banks start to perform given how much they underperformed year to date . Yes, it is. The reason ill say that is first of all you have yellen actually coming out and saying she sees the economy strengthening. Despite the uncertainty. It is not just the rates but seeing the businesses improve. There could be a double whammy Going Forward to help them. You know, ben, here