Earnings and econ perspective and focused on what reopening looks like we have Something Like 16 states that have already put forward plans to begin reopening and lifting restrictions to parts of the economy plus seeing some of those efforts take place in europe as well key to all of this, though, jon is testing and treatment, something were going to talk about in this hour. We are certainly. Want to mention the major indices higher, all three, the dow, s p and the nasdaq, by about 1 as we look at this very active week in earnings season, particularly in tech were going to get microsoft and amazon earnings wednesday and thursday everybody likes to focus in on the cloud lines in those earnings because those are the two biggest players. I think the question on cloud for them is going to be which customers are using more services than in the past, which customers are using fewer and then as we start to look out beyond the second quarter, whats the Impact Likely to be in the second half of
The table. Today the feds governor, Michelle Bauman says the policy rate may need to rise further to stay behind the goal. So what should we expect from Monetary Policy and for the markets overall . Joining us now is Marathon Asset Management chairman and ceo, bruce richards. Reminder, marathon has 20 billion in assets under management. Always good to see you. I do want to talk about the fed and inflation and everything, but i think we first have to start with the middle east and whats happening in israel. You see this as a macro challenge for the markets, for the economy . Well, first, let me say that we all pray for peace and stand with the president of the United States, who stands staunchly behind the support of israel. I say that as a personal citizen, as well as a ceo of marathon. Listen, israel is a great credit. Its an aplus rated credit. It has a strong currency, the equity market has done woeell or time, its bonds trade well and its debttogdp is over 60 . In terms of risks re
Traders are diving in. Later, its the Stream Network that has more viewers than hbo, cnn, netflix and hulu. The ceo of amazons twitch is here to explain how its dominati dominating the streaming space United Airlines stocks sinking 10 , the worst in two years. Oscar munoz comments spooked investors. Phil lebeau spoke to him earlier today on squawk box. Hi, phil reporter melissa, two things killed united today, lack of clarity on what to expect next year, and the second are the comments of oscar munoz starting with us on squawk box regarding how far of a whole united is in relative to its competitors. I think the last few years, united dug itself a bit of a whole competitively. For us to dig ourselves out of that hole, well have to take a level of risk with regards to how we grow, where we grow, the type of investments that we make its a deep hole we have to dig ourselves out of were doing the right things for the long term. Reporter but they didnt give a whole lot of clarity on the Con
Can you even imagine . Well, it was pretty dramatic back then. Back then, i was anchoring for the old Financial News network, and on that day is that ron burgundy no look who that is that is a very young paul tutor jones. Oh, my goodness. This is back when paul used to take my phone calls call me again, paul. Wed love to talk again. Anyway, he was on the floor i love that stache. Talked about what happened, what was going on, what he was thinking. Did you lose the stache after the lets see, that was in 87. I lost the stache around 88 or 89 yeah wasnt long after that. Not too late to bring it back. I think it is by the way, paul tutor jones is lauded for having kind of foreseen that drop was happening. Let me tell you, i mean, we were friends back then he was a very still is very, very smart trader. He came up out of memphis trading cotton futures. Wow and hes very savvy trader. Very, very savvy trader. I mean, no surprise that hes had the kind of success he has had. Anyway, were going
High. But it wasnt easy. It had to erase an early 100point slide to extend its record setting run. Just yesterday, the index finished above 23,000 for the first time ever. Apple was the days early sandbag on reports of weak demand for its new iphone 8. Goldman sachs and boeing didnt help much either. But a late day rally fueled in part by verizon well have more on that in a moment helped the blue chip index eke out a gain. The dow rose five points to 23,163, an alltime high. Nasdaq dropped 19. The s p 500 rose a fraction. Todays market move was nothing like the one that occurred 30 years ago. October 19th, 1987, black monday. The worst oneday stock plunge in history. That day ended with the dow down 508 points, about 23 , to a Closing Price of 1738. The selling was monumental. The decline nervewracking. Nightly Business Report paul canning was there to give views a rundown. Reporter prices on the new York Exchange continued to plunge today in an extension of fridays record loss, down t