Talking with andrew about what exactly got washed out yesterday. Hard to say a lot when hertz is up 50 premarket. I mean, look, it is kind of a comedy of errors, no insult to the board. Really there is a Bankruptcy Code and maybe hertz management got permission in the old days when you went bankrupt there would be a little bit of a stump of stock so that you could go and sell it and show the irs that you had taken the full loss carl icahn sold a ton of the stock in the 70s, he sold 38 . I think if he had known that there would suddenly be a new stock he would have hit that bid. If i were him id sue. Id sue right now. I would just hire a lawyer and sue because he sold at what the company was advertising as a bankrupt price where the common stock was and he has i think a right to be able to claim 38 of this money and i urge him to do so, to hire a lawyer and get the money because this is just ludicrous. Well see what the court says i think theyve got to get to 4, right, to get to a billi
New week, jim, with the focus once again on a resurgence of cases in certain parts of the country for the virus. Concerns about china, as well. And then the overall as we, of course, know, expectations regarding the economy and what the impact may or may not be as a result of what i just mentioned. Well, i think that its always surprising to me as someone who i think lived through it like you do that people in some of these states did realize the level of contagion. I mean, this is one when youre in the room with someone who has it, youre going to get it if you touch someone who has it, youre going to get it i dont know, did people feel they were immune i think there was a sense that maybe new york was isolated. I dont think this will be like new york because i think they learned how to treat people. So, i think the big scare of the hospitals being overloaded will only be perhaps some i mean, we had a war zone here in new york. I dont think that will happen there. The chinese situation
Not before the bears came out swinging on news that 22 states now see increase in coronavirus cases and hospitalizations, as social gatherings seem to be replacing social distancing. Ridesharing startup via found itself in the middle of the covid19 reopening whirl wind already forced to up end its entire carpool model and the uber lyft rival faces another curve in the road as the virus rears its head again, and we have a fox business exclusive on why theres opportunity versus calam ity. This is the debate over restaurants reopening rages on crowded scenes like this one leaving new York Governor Andrew Cuomo to threaten new lockdown orders. Coming up the secret weapon helping everyone with restaurants to the nfl declare victory against covid19. No wonder their product is sold out right now. And whatever you ordered online during the pandemic, theres a good bet bubble wrap came wrap ped around it as its stock charges 25 higher quarterto date. Were about to show you how bubble wrap king s
Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem like theyre a little upset by yesterdays pullback you ment
Stocks really at their highest level since march. Kevin p, its maizing that this market sometimes you wonder whether the market has a pulse that it has this abilities to overlook all of these pulling at us and what were witnessing in our cities. Were in a very troubled time i get it however, every day the world votes, every day individuals make multimillion dollar and one dollar decisions one cent at a time and where do they vote for optimism in the future america. Thats why the markets are doing what they are doing. Its seeing through this the market knows we will solve this problem as we always have and move forward is that what this is about . An abilities to make a big bet on america and our future regardless of what is right in front of us at this very moment . That is pulling at us emotionally. Were able to look past all of that and thats why money continues to come into the stock market you can have any number of reasons to say this market should not be where it is yet we find o