Anticipate what will work in that time frame and what wont but after another shocking day, particularly for the sell in may and go away crowd, where the recovery stocks roared, the dow gaining 533 points, nasdaq advancing 7. 7 , the market does not lend itself to that easy divining right now the future is too binary the market feels much more like a horse race where there can be only one winner in a very crowded field of contenders. But its a long race and were still far from the homestretch so it could go either way. Who is running in this race . The first group is the subset of the cramer covid index the storks that enable the stayathome economy think everything from zoom, video, papa johns, dominos. Papa johns 33 sales, thats good news for that horse second group, the recessionproof stocks, mainly the food and consumer Package Goods plays especially ones that make hygiene supplies. During the lockdown, worries about covid, hey, but covid may be waning, lockdown is ending. Third, you
Of the 737 max airplane at a hearing before the house transportation and infrastructure committee. Hes joined by boeing chief engineer john hamilton. This is just over two hours. Committee on transportation and infrastructure will come to order. I ask unanimous consent that the chair be authorized to declare recesses during todays hearing. Without objection, so ordered. I also consent that the chair and Ranking Member of the full committee be recognized for ten minutes each during the first round of questions without objection. So ordered. Before i begin i want to explain an administrative matter regarding some of the documents we may use in todays hearing and will be entered into the record. Ill be making two requests in reference to two document lists, a and b. We have been advised by the house generally counsel that the constitution provided authority for us to release these documents and the documents from boeing, boeings attorneys agreed to the release of these documents. I see no
Fbn a. M. Starts right now. Hey, hey, hey, its a Beautiful Day. And i cant stop myself from smiling. And i know theres no denying. Its a Beautiful Day the sun is up. The musics playing. Cheryl it is a Beautiful Day. Welcome to fbn a. M. Im cheryl casone. Ashley good morning, everybody p. Everybody. Im as ashley webster. Cheryl ahead of the jobs report and more importantly a broad gauge of Manufacturing Activity before the bell, futures are higher, slightly, dow up 41, s p up 5 and a quarter, nasdaq up 19 andahalf. Ashley take a look at whats been going on in asia. Generally positive. The nikkei in japan is up a third of a percent. The cough kospi is up 8 10 of a percent. Cheryl a busy brexit week for the folks in london. The ftse is higher this friday. And the cac and dax are in the green as well. All right, President Trump taking the stage in mississippi tonight, just a day after claiming that that vote to move forward with his impeachment inquiry was causing damage to the stock marke
Some relatively bullish guidance. People still buying into the treasury market. Going up again, Third Straight day. I want to look at the skew index. This is the tail risk on the s p 500. It is holding at the 128 level. This is above the level we were at in early summer. This gives you some sense of why this market remains rangebound. A little bit of nervousness still out there. 600 trading at 392. They are still talking about breakout. His swansong. Arrivederci, draghi. Weak, particularly out of germany. Well. Ra getting hit as it is cutting way more than anticipated today. We have 250 basis points. A reasonably sizable move in the lira. Arkets watching for what comes next. Draghipresident mario tenure afteris releasing another round of stimulus to counter the slow down. Data confirmsg our previous assessment of wea kness in euro area growth dynamics, the practice of Downside Risk and muted inflation pressures. Lets bring in matt miller from frankfurt. What was the main takeaway here
The past 10 years alone are impressive. It is showing up allaround the city as you drive through. Everything from the Veterans War Memorial building and this building and all around. We want to make that part of the discussion that happens there. We talk about the work we have to do. We want to say thanks to the citizens that we have been able to get the funding to make it all happen. Thank you. Probably the most common question i have been asked over the last six weeks. This happens before the earthquake anniversary how much better prepared are we than we were 30 years ago . The answer is much better prepared. That is in great part to the folks here but also the people of San Francisco who have supported all of this work. However, that doe does not meant we can sit back and think everything is okay. These opportunities are helpful and we want to encourage everyone to stay on their toes here and remember it is important if you can prepare, take some measures that you do so. There are m