Council of economic advisors director scott good speed. President trump is showing up in bidens backyard. Trumpbacked candidates continue to win major primaries. We have one of our favorite guests who happen to be one of those winners. She joins us on the show next on making money. Charles breaking news, folks, Fund Managers discover the bull market thats right. It is a president ial, political season. So we should expect a lot of flipflops. By the way were getting a lot of them. I got to tell you i lost count on the political front but the one that caught my eye, the flipflop of the week came early in the week when 200 Fund Managers in charge of investing half a trillion dollars changed their positions dramatically over the last few months. These men and women have become more bullish as a plurality of them see a bull market, not a bear market bump. Also they see a doubledip recession. The stock market is more about the economy a year from now, not a proxies for main street today. Bec
We have all that and big show on making money. Charles stocks edging a little bit lower today as the street awaits whether we get more stimulus injected into this economy. Of course the reopenings are underway. A lot of Small Businesses need the aid. That is a big contention. Investors got a big bump when the ecb expanded their asset buying program, additional 600 billion euros, a lot more than anyone thought. Now it is 1. 35 trillion euros. In case you missed it here in the United States, we have folks, witnessed the greatest 50day rally in the stock market. People are wonder something this still a bear market rally . We have waltzer Wealth Management president , rebecca walser. Go back to march 23rd, someone says over a brew, next 50 days we set records to the upside, you say, come on. Maybe we were oversold but magnitude of this reversal has been mindboggling. It has, charles. It has been great. This is what we need, we need a rally to encourage the american investor to take a breat
Now President Trump calling out president xi. I will get reaction from florida senator rick scott coming up. All that and so much more on making money. Charles the market, indices are edging lower but off the lows, off the highs. It is really nasdaq reacted most harshly from news. China will impose sweeping National Security laws in hong kong. Now resilience has been the hallmark of this market since we hit the march lows this has been a bifurcated market. The winners are up big while mass of stocks are down. Making money is harder when this happens. I want to see what happens with the big investment dilemma. Were talking about chasing winners right now if you want to ride the wave or positioning yourselves with beaten down names out of favor at the moment. Lets bring in keith fitzgerald, principal finance and Rebecca Walser of walser wealth management. Rebecca, let me start with you. I dont think people realize only 114 stocks are up on the s p 500. The average gain is 13 . If you too
Call it. Netflix yesterday closing at an alltime record high. Oil a little higher as well, but still around an 18 year low. Still brutal for the market. Just checking in one more time they comec had before out. Time now for bloomberg first take. Here to discuss from our inhouse team of wall street veterans and insiders, michael mckee, and Damian Sassower. Mike, we know that jobless claims are going to be bad. We dont know how bad. I think the question is, how do markets actually respond to this, when sometimes they want to respond to bad data, sometimes they dont . Michael im not even going to go there. Yesterday we had dismal numbers on industrial and retail sales. We thought they were priced in, but apparently they werent. Youve got to wonder if weve priced in jobless claims because weve talked about it so much over the past three weeks, but we are expecting 5,500,000 as a consensus. If you get that number or even a little bit below it, we will have wiped out in one month all of the
Many expect to more in the first half of the year. Time now for global exchange. We are going to bring your todays market moving news from all around the world. From hong kong to new york to washington, or bloomberg voices are on the ground with this mornings top stories. Coronavirus cases around the world are over 93,000. Joining me now is yvonne man, and with some data to go with it that is not so supportive. Yvonne right. South korea now topping 5600 cases. The government there now seeking 9. 1 billion to help businesses. We have seen surging cases in italy and iran. Rate for this is now at 3. 4 . We also saw in the u. S. , reporting its ninth death, and china, more signs of containment. We saw the number of total cases have topped 80,000. We also learned of 15,000 that dischargedred and from the hospital. China come of the total death toll now at 2981. We saw car sales out of Mainland China falling a record 80 as this virus keeps shoppers away, and you see more pressure added to th