On the roundtable tonight, ben levisohn, carlton english and jack howe. Ben, im going to start with you. According to the textbook, the value of stocks is based on future cash flows. And with Interest Rates so low, of course, those future cash flows are a little more valuable. Add that to the fact that this Coronavirus Crisis presumably will pass over a couple quarters, and that hes eye academically at least the stock market should be rallying. To you buy that . Do you buy that . I think the market in some ways have lost its mind, but theres so much money out there right now. The feds dumped money and the governments put money, and now were seeing this good news in terms of reopening. And, you know, its as if we can just look past, the market is looking past all the bad stuff right now to a time when everything is back to normal. And if we can get back to normal, if earnings can get back to the trajectory they were on before, if the economy can get back to the trajectory it was on befo
Mcfarland. President trump saying even more documents will come out of house intelligence showing highlevel Obama Administration involvement in the origins of the russia probe and obama officials admitting no proof of collusion in testimony to house intelligence. Also weve got the timeline that shows when the trumprussia evidence fell apart. And the fbi decided to target Michael Flynn anyway in order to get at President Trump and that, yes, president obamas fingerprints are all over this. We are digging into the footnotes and the documents. Also, growing unrest in coronavirus lockdown and that fight over the dallas hair salon owner, there is a backlash there. Also newlyrevealed Court Documents surfacing that support tara reade in her claims against joe biden involving Sexual Assault and harassment allegations and much more weve got tonight. Im elizabeth macdonald, the evening edit starts right now. Elizabeth thanks for joining us. Youre watching the fox business network. Devin nunes de
Weekend, 25 states reopening. That is about 33 of the gdp. All of that coming up. But first, the Coronavirus Crisis wreaked havoc in april resulting in the worst jobs report since the end of world war ii. The u. S. Economy lost more than 20 million jobs in the month of april with more than 33 million filing for Unemployment Benefits over the past seven weeks. The Unemployment Rate surging to a record high of 14. 7 . Joining me right now to discuss the brutal jobs report as well as how quickly this economy can recover is mohamed alarian. Thank you so much for joining maria you know what i find odd . We have these jobs numbers on the one hand which obviously show the results of this shutdown. And its been selfimposed but, nonetheless, all these job losses. Taunt, weve got a rally in at the same time weve got a rally in markets. Whats going on with this dichotomy . Not only is a dichotomy, but its fueling a lot of political rhetoric on main street versus wall street, companies versus peop
Bullishness as manifested by a huge part of the market, i call it the 11 11. 5 trillion portiono the market, which is related to the cramer covid index you cant get enough of these stocks these are the companies that do best when you stay at home whether it with General Mills, a surprise preannouncement that was extraordinary yesterday or a lot of the apple number bumps today. Even just out of the woodwork abbvie put on the recommended list why . Now you can stay at home and go get your botox there is just absolutely a level of bullishness about this stay at home, work at home market then theres the rest of the market, which is just awful. And astonishing. Well get to calhouns comments on the today show in a moment i know you have logitech on tonight. Sales up 13. Theres a lot of web cams, mice, and keyboards that are being bought right now if you want logitech. Its so interesting because soi. They have a particular mouse that is almost as good as a wired mouse. People want that becaus
Weekend, 25 states reopening. That is about 33 of the gdp. All of that coming up. But first, the Coronavirus Crisis wreaked havoc in april resulting in the worst jobs report since the end of world war ii. The u. S. Economy lost more than 20 million jobs in the month of april with more than 33 million filing for Unemployment Benefits over the past seven weeks. The Unemployment Rate surging to a record high of 14. 7 . Joining me right now to discuss the brutal jobs report as well as how quickly this economy can recover is mohamed alarian. Thank you so much for joining us. Thank you, maria. Maria you know what i find odd . We have these jobs numbers on the one hand which obviously show the results of this shutdown. And its been selfimposed but, nonetheless, all these job losses. Taunt, weve got a rally in at the same time weve got a rally in markets. Whats going on with this dichotomy . Not only is a dichotomy, but its fueling a lot of political rhetoric on main street versus wall street,