Sometimes its as simple as looking under the hood and find out whats working we created the cramer index. We wanted to capture the zeitgeist thf market while the averages were all over the map today, nasdaq gaining. 78 , what happened . The covid index shined not unusual. It was up 1. 7 dow gained 6 since we created in april, leaving the dow and the s p in the dust. The reason because when it comes to the pandemic, the components of the cramer covid19 index are part of the solution, theyre not getting hurt, theyre helping. And thats a big difference versus much of the s p 500 we have a lot of stocks that are coronavirus road kill. Lets take a look just to be able to show you what im talking about when i say the zeitgeist. Why dont we take the top ten performers once we started i want to show you how the 11 trillion index captures the market peloton interactive, people think thats interactive is cool like this 90 of the float sold short. But this maker of connected exercise machines is
To watch closely as the succession happens, david . Yeah. Its not unexpected carl it was done in unexpected fashion given so many things that are different right now at t was having its annual meeting and doing it remotely, virtually, and mr. Stephenson announced it during the course of the annual meeting, that as you said, he will be stepping down at the end of june to be replaced by mr. Stankey as ceo mr. Stephenson will remain on as chairman of the company until january of next year stankey will become a member of the board of directors taking the role of ceo. He is president and coo he got that promotion back a number of months but questions in terms of whether he would get the top job and whether the board of directors would support him for that mr. Stephenson made it clear that he was going to leave the company as its leader most likely this year and obviously choosing to move forward with that, despite the Current Crisis his 13 years at the helm of the company, of course, have b
15,000. Take a look at the kospi. We are focused on samsung earnings. Samsung warning of a profit slide as this virus squeezes the tech industry. Samsung shares largely after the results came out unchanged. We are watching out for the singapore jobless numbers coming out this hour. 2. 6 , an 11 year high. We see this recovery momentum coming back in offshore chinese stocks. The moving average yesterday when things close, and we are higher here today. Bank of china among them. Dollaryen, a little strength. And some strength for the korean won. Oil remains the story, but take a look at volatility. When it comes to oil contracts, we are leapfrogging of june to july and seeing wild gyrations. We have bounced back after wti auched 10, but we lost quarter of the value when it comes to crude. It looks like volatility will continue. Into julywill roll with the spread of the june and july contracts especially for wti getting rocked by volatility. Tom we will get more on that story in a few minu
April 10. Climbed the most since april 10. Millions of us are watching a lot of television. Netflix jumped, but investors questioned how long the binge will last. Shery look at how markets are trading. We are checking oil prices after we saw that crash this week. June futures are rebounding slightly. This coming after it plunged 70 may contracts expiring, sinking below zero for the first time ever, traders fleeing oil to avoid taking delivery of physical barrels. Seeing a rebound across the board but significantly lower from where we were earlier this week or last week. Look at how the broader markets are trading up your u. S. Futures after stocksg, tumbled the most in three weeks pay we had a frisch a fresh rout of risk aversion. Around the 2700 level. President trump and secretary of treasury mnuchin giving a briefing at the white house. Lets listen in. The certifications are quite significant. How many jobs have been saved while the money was going ppp is over 30he million jobs. Tha
Plunge half their val ru a positive surprise from china where exports and imports were much less than expected in march. U. S. Bank stocks mark their first negative session in five as jp morgan kicks off earnings season with investors anxious to find out exactly how these banks have been impacted by coronavirus. This is a look at european stock markets are trading. Dont forget theyve been closed for the long easter weekend. We saw the look out of china export and import numbers. Expecting a plunge of 14 only down 6. 6 . Still a steel fall but much better than anticipated. Thats been paused for the reopening of european markets. Talk about when well start to see the easing of lockdowns. Europe starting to layout plans. That is really starting to help out. We are still witnessing a little red ink at this stage. The other big catalyst is landmark and the Production Cut of oil it has been a slight increase this morning it certainly didnt move the needle on the spot as anticipated. These ma