Covid19 vaccine available and with those vaccines developed at socalled warp speed interest in understanding the process has never been greater. The fda inside and out, they have to do that. Let me briefly introduce our incredible speakers today. Dr. Stephen hahn is the 20 fourth administer of the fda, having trained in medical oncology and radiation oncology, prior to joining the fda served as chief medical executive at the university of texas cancer center. Before that he chaired the permit of radiation oncology at the university, and the alma mater. And the commission of the fda, before that was founding Vice President and Senior Scientist at the Nuclear Threat initiative, foundation dedicated to biological threats. Recently dr. Margaret hamburg was foreign secretary, at the American Association for advancement of science. She completed her services at the organization. Commissioners dr. Margaret hamburg and dr. Stephen hahn will be talking to clifton leaf who was guest editor of th
Runs out and shares of Bed Bath Beyond are surging, the retailer reports comps of 6 , online sales soaring 89 , jim so earlier in the week, jim, and even last week you seem to be pessimistic about the prospect of a compromise coming together. Do you feel any different this morning . Look, i think the Airline Layoffs are looming large because with layoffs come a cut in roots, with a cut in roots is a pain point, but i think its the senate, we keep talking about mnuchin and we keep talking about speaker pelosi, but i think the senate is buying into the president s vshaped recovery and i think Mitch Mcconnell is buying into it which says why do we need more we have a v shape, its just Certain Industries that can be triaged. I know that the industries represent small and mediumsized business so im against that, but i would say in favor of the mcconnell position, at least if you are looking at the stock market, this set of earnings, now, that is not what they care about and i dont want to m
Theres your picture the dow is added up 127 points about onehalf a percent nasdaq muted for the most part still in positive territory. Apple leading the way again. Its been up by more than 1 josh brown, apple is now the single largest s p 500 weight over the past 40 years at 6. 5 that in and of itself tells the story of how well this stock has done yeah. I mean its undeaniable. Apple would be the company you would pick i dont think it would be difficult. You could throw a lot of other names in there this should be the largest wagts. It makes perfect since given the success of the fundamentals of the company itself why wouldnt it be the largest stock . However, this is as extended as ive seen it since 2012. The stock is now 47 above its rising 200day moving average. Historically if you bought the stock at anything even above 25 or 30 above its 200 day moving average, that had typically been a period of consolidation to follow it may not be the best idea with fresh cash to go plowing int
Month. The Unemployment Rate fell to 11. 1 . That is sparking a rally as investors also ignore rising coronavirus cases. Right now, as you can see, we are hovering just above 26,000. We may hit session highs once again. The dow was up more than 400. We will see if we can kick it up in the last hour. The s p up 34, the nasdaq up 122. This could be the 23rd record close for the nasdaq and second day in a row we got records for the techheavy nasdaq. We shall see. The june jobs report reflecting the reopening of america. Atlantic city casinos rolling the dice on reopening today. The ceo of golden gate casino shares his advice for his competitors after opening his vegas casinos just last month. But gym owners are still waiting for the green light to reopen in many places. Beach body ceo and founder on gym owners rights to the workathome boom. And its ipo day for lemonade. We will talk to the ceo of the insurance app thats targeting millenials and disrupting a very traditional industry. Less
Despite strong sales during the shutdown, especially from walmart. And times of trouble in the Housing Market u. S. Home building dropped by the most ever in april a lot of talk of a bottom has those housing stocks up as well today. Absolutely. But as you said, the Broader Markets near the session lows. Coming up on todays who, well speak with Eric Rosengren on the back of that congressional testimony from chair powell and secretary mnuchin. Well get his read on the economy and whether weve reached a trough in the data plus, well speak exclusively with jim fiterling as the Company Releases a return to work playbook but lets focus in on the big stories were watch ing today. Mike is tracking the Market Action courtney has highlights from retail earnings. Mike, you and the market just selling you have a bit, but of course only lightly following yesterdays big rally. Actually today is i think the narrowest range intraday for the s p 500 in three months and by the way, three months to the d