From tesla sent into over drive. And general mills, pitching the next best idea, why they say this gaming stock is a total home run we start off with a record run on the nasdaq with a new alltime high since february and do you on the best winning streak since september this coming as States Reopen if some form from the coronavirus shut downs and as cases are starting to rise, so does the markets resilience. In spite of this proof the rally has staying power. Guy. Its remarkable, isnt it again, a lot of people say this is pretty obvious, was easy. Clearly wasnt easy for me, number one im not going to all of a sudden change course. I respect the price, have to absolutely respect it. One thing ill point out is this, in march there were couple days we saw what i deemed back then indiscriminate selling that was a good sign to lead to capitulation today wasnt buying to that magnitude but did you see some stocks higher so maybe were getting close. Again this phased out at 2800 in s p where 40
Drop coming up on todays show, were taking a look at how a number of Different Industries are getting back to work in america. Well talk hotels and travel with the ceo of best western plus, walter rob, the former coceo of whole foods will weigh in on grocery trends and well talk about the state of the consumer lets kick things off with a Broader Market a choppy day to kick off the trading week pretty positive. Right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. Volumes are low. But v but the Growth Stocks are powering higher. You see a one year of the s p 500. Its about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old Growth Stocks, if you look at the top of the dow right now, its nike, apple, walmart, visa, microsoft. These are the days when the observation that Great Companies remai
Retail, restaurant, travel, all the same things. Chef tim love, thank you for joining us appreciate the optimism. Have great day. Its felt in the market you too, chef love the dow at session highs up more than 650 points. Yeah. Nice rally here. Well see you this afternoon good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with Michael Bloomberg and jon fortt coming to you live with separate locations. Session highs up 660, s p 3k since march 5th. Positive headlines on the health care front and fundamental front as countries around the world accelerating the lifting of restrictions 10year 70 basis points not matching last weeks high. Were going to keep our eye on that of course the historic reopening of the New York Stock Exchange our bob pisani has more on todays return hey, bob of course, carl, you and i speaking with Stacey Cunningham just after the opening this morning, stacy was on the floor and a big get for her, Governor Andrew Cuomo ringing the bell with her i
Saying it will reopen 100 stores in the u. S. This week and progress on the vaccine front with heavy hitters stepping in which well have much more on. We will and not just are we excited about the new package there, the music is exciting i had seen the graphic, but i add not heard this music they should just playing through the whole hour to keep people on their toes very dynamic and thanks to the team for making it work. 59 minutes left of the show and big guests to come a huge exclusive with the ceo of merck. Ken frazier. Hell join us as they lay out their strategy to battle the coronavirus. Plus, mt. Sinai teaming one a slew of companies to support front line workers well speak with the ceo and ceo of pinterest. Mike is drilling down on the action meg is tracking progress on the vaccine front and wilfred has new comments from jamie dimon, but mike, first to you on this Broader Market and take ussen inside what are you seeing . Yes, obviously have broken above these levels everybody
Begin with the latest flare up in china beijing announcing new security measures in hong kong send iing the hang sang to its worst day in almost five years the move escalate iing tensions with the United States with President Trump threatening quote unquote strong reaction to the crack down so does china become a bigger head wind for the markets . Pete, what do you say . Yeah, it seems like theres a dimpt new story every day that seems to lead us up or down. On literally every day, whether its earnings one day that we focus on unemployment in your opinions. China, another day the virus of course and somebody having sort of a vaccine of some sort or another. Always something leading the markets. What i was encouraged by today, china and the u. S. And some of the issues were going to be facing Going Forward it seems to me like weve shaken that off well its been an impressive ability of the markets we could have slid easily today and down 400 points going into the weekend like a friday or