First time since october stocks look to close out the month in the red. April showers leaving the dow soaked and got them down 444 at the moment but for the month down 4. 6 followed by the s p 500 which looks to end the last 30 days with a loss of 3 , the nasdaq in a shower but on pace to get clipped by 3. 5 but it is the small and midcap that took the worst dunking, the russell 2000 on track to have lost 6. 6 on the month. Overall no one should be surprised or worried considering the runup by the bulls that theyve enjoyed since november with the backdrop of stubborn inflation which brings us to right now, Federal Reserves Committee Meeting huddled behind closed doors and while the fed is expected to leave borrowing rates to 5. 5 for the sixth meeting in a row, simmering inflation weighing heavily on chairman jay powell. Cutting rates would be a tool used to stimulate spending but with consumer demand sizzling the Central Banks original plan to cut 3 times, 6 times this year is on ice.
Trading days of what is shaping to be a weak month in quarter. High pressure this morning after it offered weaker than expected. Sanjay mehrotra will join us later this hour. And a Company Named ryan cohen as ceo. Lets begin with the markets. We mentioned what the yields were doing today. Jim, 50 basis points. I said that we would have the d inversion and that you couldnt really be excited about the stock market until the 20year, which is at 4. 1. It is now at 4. 98. Crosses over the feds fund rate. That would be where you can finally say this market is getting interesting. It is oversold. But we cant seem to find any supply of oil near 100. 100 is supposed to bring out some supply and in the oil companies. But i dont want to give up here because this run has been so bad and it needs to consolidate. Heres what i will come up with. We will have a test, i believe. I actually know the time, 1 43, 1 42. Thats when we bottomed yesterday. Actual time of day. That was yesterday, youre saying.
Over much of the past three decades i have been an investor. The highest calling of mankind ive often thought was private equity. Then i started interviewing. I watched your interview so i learned how to do an interview. I have learned from doing my interviews how leaders make it to the top. I asked him how much he wanted and he said 250 and i said fine. I did not negotiate with them and did no due diligence. David i have something i would like to sell. And how they stay there. You dont feel inadequate being only the second wealthiest man in the world . Is that right . One of the most successful Business Executives in the world over the past 10 years has been Bill Mcdermott. He took s. A. P. To record heights and is doing the same with service now. I had a chance to sit down with Bill Mcdermott in new york and had him describe to me how he came from very modest roots to the top of the corporate world and how he inspires his troops, inspires his customers, and loves his job. In october
I asked him how much you wanted, i didnt investigate, i did no due diligence. I have something i like to sell you. You dont feel inadequate now being only the second wealthiest man in the world, is that right . One of the most successful Business Executives in the world over the past 10 years has been bill mcdermott. He took s. A. P. To record heights. I had a chance to sit down with him in his offices in new york and had him described to me how we came from very modest roots to the top of the corporate world and how he inspires his troops, inspires his customers and of his job. So in october of 2019 you surprised the Business World by stepping down as the ceo of s. A. P. , a very, very Large Company who is valued at more than doubled during your coceo position and ceo position, and you took a position with a much smaller or less known company. Usually when people leave a job they go to a bigger company. Why did you go to a Smaller Company . I saw the future and where it was going. I h
Ive often thought was private equity. Then i started interviewing. I watched your interview so i learned how to do an interview. I have learned from doing my interviews how leaders make it to the top. I asked him how much he wanted and he said 250 and i said fine. I did not negotiate with them and did no due diligence. David i have something i would like to sell. And how they stay there. You dont feel inadequate being only the second wealthiest man in the world . Is that right . One of the most successful Business Executives in the world over the past 10 years has been Bill Mcdermott. He took s. A. P. To record heights and is doing the same with service now. I had a chance to sit down with Bill Mcdermott in new york and had him describe to me how he came from very modest roots to the top of the corporate world and how he inspires his troops, inspires his customers, and loves his job. In october of 2019, you surprised the Business World by stepping down as the ceo of sap. A very Large C