This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
Tonight, bringing america back with a hot meal and a warm smile. The many faces behind the restaurant business, slowly reopening their doors. 3. 2 million more americans filing jobless claims last week. So many of them working in the hardhit food industry. Now the all hands on deck effort to turn the five minutes until our first wave of firsttime customers arrive. Dinner time rush looks a little different for these partners, what was once a night out is just a drive by. Were calling it family meal. Theyre relaunching their trendy chicago pacif. Its 55 and feeds a family of three or four, and you drive by, and a server from the restaurant comes out in glove, drops it in your trunk and you drive away. Its a risky move. What keeps you up at night . Where do i smart the employees are number one for sure. The other thing, recently, is how to restart. Thats the question facing so many across the country right now as states navigate how best to get back to work. Now more than twothirds of the
Friend. Were watching that very closely. Were keeping close eye on washington. Were focused on capitol hill. The house taking up the stimulus measure, relief measure, whatever you want to call it, to the tune of 484 billion. Now the house physically there, in person, some Wearing Masks to make sure they get this done. Lets get the latest from chad pergram, how this will all sort of fan out. Chad . Reporter hey there, neil. This is the debate. They started 15 minutes ago on this bill, about 324 billion of this goes to Small Businesses. You might recall a couple weeks ago that fund ran dry. The cupboard is bare. The cost of this bill ballooned from 251 billion specifically to Small Business, to 484 billion as you say. House Speaker Nancy Pelosi says democrats improved the bill. There is money in here for hospitals and testing. Listen to the speaker. Im very pleased that it was transformed from a bill two weeks ago on the floor where the leader in the senate said, this is it, 250. Were no
While some organizations, like Early Matters and Oyster Sundays, are working to provide child care for restaurant staff, the problem calls for a policy solution.
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