How apples shakeup is driving the blue chips plus the online surge, best buy notching is 242 gain in ecommerce sales in the Second Quarter but can it last . Trade optimism, u. S. And china officials reaffirming their phase one commitment, the s p is poised to add to its record run. Jim, i saw you last night mentioning those changes to the dow and your general point was dont be fooled in thinking there is as much money indexed to the dow as to the s p. We said that last night, its been the theme all morning and theres been no sellers. One of the reasons theres been no sellers are the people who are now trading stocks in early hours have tremendous conviction in the face of being wrong its rather incredible because the hubris of these people they must think dow jones has a lot of money to it and it has to come out of exxon and into salesforce david, you have been at the forefront of the network in explaining the nature of the dow and you see this, too. Arent you shocked that even after w
Coronavirus cases continue to rise as the fallout cripples the Global Economy. China may be forced to abandon growth targets for the year. We are just getting some news crossing the bloomberg when it comes to expectations for summer earnings out of we are expecting a pretty down quarterly in terms of the impact for the asiapacific. We will be bringing those to you shortly but in the meantime, we have data out of south korea. Shery we are getting the current account numbers for south korea for the month of march. Current account surplus coming in at 6. 2 3,000,000,000 fine 6. 23 billion dollars. The current account surplus narrowing a little bit from the previous month of february. Also, the month of february being revised lower to 6. 4 billion. The goods trade balance coming in at 7 billion. The surplus was a little larger than the previous month. Given that we do have the coronavirus pandemic and april export numbers really taking a hit, the march current account numbers not looking t
The 10year is yielding 0. 75 . Well continue to monitor that as well. We have a lot of guests today. Including dr. Scott gottlieb who will join us in a couple of minutes. J js cfo, the ceo of moderna, ceo of related companies and the ceo of zoom. All in the next three hours. Andrew an update now on the pandemic in the United States. Now more than 582,000 cases and 23,000 deaths. North has 96,000 cases and 10,000 deaths. New york governor governor cuome numbers appear to have knocked off in new york. It was an accomplishment. A heck of accomplishment those Health Care Workers for the rest of my life, i will say nothing but thank you to them. I was not sure if we could keep the tide from overwhelming our hospital capacity. They did there is going to be no ephany or morning headline that says hallelujah, it is over thats not going to happen. Well hear more from dr. Scott gottlieb about plans to reopen the country and more about Governor Cuomos gathering of states on the east coast to disc
Cuts so futures are pointing to further declines despite the jobs growth today, smashing expectations for february. The economy added 273,000 jobs during the month, versus the expected 175 Unemployment Rate 3. 5. Wall street looking to close out a turbulent week, the tenyear did tumble below 70 basis points for the first time ever, as investors look for safety amid fears. Revisions on the jobs number not bad but people are calling it the least important jobs number in a long time i dont want to go there. Im going to say the opposite. When you come in with a head of steam, at least you got some possibilities that were not going to go immediately into the recession because there were you dont hire and then lay them off the next day the 53,000 jobs in Food Services and drinking places, thats an extraordinary number are we going to fire all those people interesting. Not right away. Not right away. But there seems to be a growing belief that we are going to have a recession. Right but im sa
Coronavirus fearing weighs on the market, surpassing 100,000 worldwide. We are expecting a briefing from Vice President mike pence a bit hear this evening. Though that survey was conducted in the middle of february before the outbreak took hold in the u. S. In just a few moments well talk about russ cost rich he says the u. S. Consumer remains strong and where he is putting to work now. Dan, what are you doing . Not a whole heck of a lot week on week, there was a bit of optimism. As investors star thinking about how to allocate towards equities visibility will be the big point. I think i dont think were going to get that anytime soon right now. That was the low for this move you had a strong reversal off of that we set ourselves up for a powerful rally, but most of that snsht has dissipated, so some say you will have to retest the low, and were doing it right now on a relatively tenuous way, so i still think, given the stress in credit markets, stocks are not yet convincingly saying we