It today here is how things look now. We are in the green. Look at the small cap stocks the russell 2000 we are still coming off four down weeks for stocks. A pretty louse si month. Now, the s p 500 is on pace for its best two day gain since all the way back in june did you follow that kate moore w were in a four week down street were on our best two day stretch since back in june bp the volatile till has really grown. What are you expecting ahead im told theres an election in 36 days. Is it just 36 days . It feels like its going to be any moment at this point we have this down market there is will the of consolidation and profit taking, rotation in terms of participation over the last couple of weeks. The big point and message is tlauls v theres always volatility before an election. In a year like this where we have so many cross currents between the virus. Questions around Economic Activity relationships with other countries. Theres so much for an investor whether it needs to be reta
Look at the s p 500 at 2978, a 55point gain and there is the nasdaq the outperformer yet again, almost 2. 25 , 200 points, 9387 the nasdaq, not all that far away from last februarys highs, which our headliner says this hour is going to happen this year and not just the nasdaq so lets welcome in fund strats tom lee. He is joining us via skype tom, welcome back. Nice to see you again. Thanks for having me. Big call. How are we going to get there this year, tom you say 3450 is happening . Yes, and i think what really drives our view is that companies in the midst of the shutdown arent standing still you know, theyre reengineering their operations, learning how to be digital, run with fewer employees and less real estate so in 2021, as we exit this pandemic, theyre going to generate higher earnings on a lower level of sales and that means implied better pes. And thats why we get into july, stocks will start discounting that and were looking for new high hi highs. Youre looking for a vshape
Refuse to go back to work you will not be eligible for those fat unemployment checks. Unintended consequences when you make more money not to work. Well get reaction from governor Mike Huckabee himself. That and so much more on making money. Charles stocks are higher as connecticut becomes the last state to partially reopen as number of coronavirus cases are drifting lower, and number of people getting back to work drifting higher. Yesterday was a different story. We saw the dow, losses actually accelerate into the final hour of trading, on two things. Headlines from the omb that talking about how bad the Second Quarter will be. There was an article that questioned efficacy of modernas new covid knight, the vaccine trials. Here is the question, did you sell into the late swoon yesterday . Clearly the market was spooked. Im sure many did probably cut bait. If you knew history you would, you might have held and might have even bought. According to spoke research, the market had 14 sharp
Well talk to one about what shes doing to protect her homes. A little good news and positive trends being seen at airports around the world. Friday may 8 you are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome from wherever you are watching im Brian Sullivan i think i speak for all of us as a say tgif stock futures are up 270 points right now. Perhaps the Market Knowledge of the day, for some reason, if you tuned out yesterday. We have some gains the nasdaq is now higher on the year hard to believe given all that is going on across the country it is true with yesterdays gains that the nasdaq is now positive the more condensed version is up 4 this year it is really the big five Technology Names you know. Apple, google, microsoft, facebook are up on average 10 despite concerns about Consumer Spending on advertisement. Google and microsoft are up. Improving is the work from home and stayathome stocks. Zoom, netflix, paypal have all soared since
Than a week. Here on cnbc. Good morning. Good afternoon, good evening welcome to wherever you may be watching here on cnbc. After two volatile, very fast moving days, you may be in for a third of volatility. This will be slightly different. Dow futures off the drop with a gain at the open at 340 points s p also on the upside after the dow lost 1,100 points on two trading days and is already down 5 on the week caused by the historic collapse of oil it went negative on monday and part of yesterday as well. That may contract caused so much stress and now june as the world watches. Still under 20 per barrel the real action you need to Pay Attention to is the International Benchmark known as brent crude. Now around the world more than just an american problem the price sagging to just 17. 05 a barrel is a 20year low. How some investors are trying to trade this to make some money. And some breaking news involving chevron and venezuela, that is coming up. Well head out for news around the wor