Everywhere as more and more companies file for bankruptcy. A to analyst says a number of fla names could come out stronger. Later, what makes tiktok tick. An inside look that is dominatidominate ing social media as china is saying it would rather shut down the service in the u. S. Than succumb to a forced deal well tell you about that as power lunch starts right now thanks welcome to power lunch lets take a closer look at plarkts right now. You have industrials and materials leading the way higher in fact, materials is the only sector in the green this week. We havent talked a lot about that as a source of leadership tech that had been the leadership havent recovered from the steep sell off. The nasdaq still down about 11 from its record high its worst for a lot of the individual names docusign down from its 30 high. Tesla down 27 from its all time high apple is lower today apple is down about 20 from its high as well apple near a 3 decline. Tyler, back to you with can skinny stimulus
Have created a more cautious consumer billionaire tilman will tell us what that means for his business power lunch starts rite now. Wall street starting to trade like a tech stock hitting a record as it gets set to launch its competitor and gears up for a deal to by tiktok zoom up after 40 . Invest rs continue to pile into these momentum names more on the markets and high its hard out there, send it over to bob. Yesterday he sort of threw in the town he said theres no precedent to how high valuations can go with low rates and unlimited q e. John also wu drew his price target these are veterans having a hard time to figure out how to put unlimbed fed support recessions would happen when the fed withdrew the support what does it mean . One of the thing s the bare arguments dont have much traction now the fed will keep stimulating and the Global Economy is slowly pivoting higher and the earnings are too conservative this happened in the Second Quarter and they are saying it again. For 202
With so many investors now jammed into the same stocks, could this be part of a bigger shift. Your Investment Committee to help you knanavigate through alo this all right. Before we get to everybodys thoughts and insights and ideas, lets get a check on this market at this hour as you can see kind of like this time yesterday, we have the dow higher the dow is up 400 yesterday before sliding toward tend of the session. Were up 300 points today. Basically getting back to exactly where we were at this time 24 hours. The s p is up slightly the russell, the small cap up. Look at the nasdaq, only one of the four in the red here kate moore, you are big picture, macro thematic youve seen this befor especially on a tuesday seems to be bad for technology. Either way, do you believe that this is the beginning of this rotation that everybody kind of keeps hinting at about out of technology taking the profits, into other things or a one day thing because its got to happen some time . I think we can
Sit on the brink of bankruptcy this could be just the tip of the iceberg. Kelly, meantime, over to you as more thanhalf of states in the u. S. Get ready to lift lockdown restrictions, could the biggest risk be no one showing up bob has more on this question. We have been talk about this the last 24 hours. Efb kn Everybody Knows the possibility there could be another wave of secondary reinfections that and might force states to close. A lot of people are talking about the fact it will not roll out the way every one thought if we have a relatively successful rol role he said he questioned the about how big the roll out will be he said people will not be flocking to bars, restaurant, mooe mooe movie theaters in the way he hoped. Theres a lot of good news and bad news out visa said they were hit hard by downturns of travel, fuel restaurants, entertainment they said theres a big surge in online spending. Whirlpool said 2020revenue will decline 13 to 18 . They said consumers are buying freez
Want to see, growth domestic product, goods and service, expanded at an annual rate of 2. 1 in the final three months of last year. That was a slight improvement from the previous estimate, not enough to change growth for all of last year, which came in at just 1. 6 . While gdp and other Economic Data are meddling along, indicators that measure optimism are soaring, consumer confidence, just the other day, we told you that it stands at the highest level since all the way back in 2000. Theres margins, the amount of money borrowed to buy stocks. Its an all time high. That means investors are feeling optimistic about the prospects for the market. We were wondering, why are investors feeling so good when some of the other Economic Data like overall gross profit is just okay. Here to explain the disconnect and take us inside the investors psyche is a trading psychology coach for Portfolio Managers and hedge funds, the guys who maybe manage some of your money. Its good to see you, doug. Its