Its been an unstoppable run for this stock up more than 160 from its lows in late march. One analyst think its got even more fuel in the tank. He will joins as power lunch starts right now the dow is higher for the sixth day in the row thats pacing for the longest winning streak since september lets get to bob for more on the markets. We are sitting at session highs. A little pop about an hour ago that was declared we had entered a recession in february. Let me show you because once again its the reopening story thats moving the tstocks laggig two weeks ago had been leadership groups. Tech is under performing its very interesting how its underperforming. Its not like they are selling them the volume is light in this sector its not a lot of buying interest the same with megacaps you know about the megacap leadership apple is at a new high this is another interesting group. Visa and mastercard have been monsters they have showing some lack of interest today a bit of rotation as we go int
It is april 24, 2020, this is Worldwide Exchange on cnbc good morning. Welcome wherever you may be watching i am brian sullivan. I think i speak for everybody when i say tgif. It has been a rough and wild week indicating we may not get another break today. Lower now off about 100 points the index lower on the week with the dow, s p losing between 2 and 3 that looks now to continue those losses today crude oil is down 30 since monday prices are lower now if we extend physical guidelines to summer, that could keep gasoline and jet fuels low. One of the biggest World Storage producers will give us the story. That has certainly been a market mover. In asia, plenty of red across the board. Japan down nearly 1 shanghai and kospi also down more than 1 to close out their week stocks in asia declining largely on report of doubts from treatment from Gilead Sciences to the trade in europe, early following the foot steps of asia markets there are sharply lower with major indices all down 1 or more
Holding onto those gains. The s p 500 up. The nasdaq is up 2. 4 . The dow is up 1. 8 . Chipotle is at the top but like many other companies it beat estimates. The dollar continues to strengthen. Standing by with a deeper dive into the action we have taylor riggs. Taylor you mentioned crude on your board and i wanted to start with oil prices. They were up 20 or so after six days of losses. Theyre trying to rebound but still down where the 50 . It is unbelievable the price action. U. S. Oil inventories have risen for a 13th straight week but there is potential positive news. Yesterday, they were shortselling on a stock and if it plunges more than 10 that would apply to the largest etf. Some of the reasons we are seeing some stability. We need to talk about the largest oil etf. It is tracking crude prices pretty closely on a yeartodate basis. We know that yesterday there was a premium to the shares given that they ran out of what to sell investors. Theyre trying to take advantage of low o
Victim was in an assisted living facility and had an Underlying Health condition. The other 2 california victims one from Placer County and the other from Santa Clara County and as for the passengers aboard that cruise ship in oakland more than 1400 of them have been able to leave but. There are still hundreds more waiting to leave 3 have Live Team Coverage tonight from kron 4 from the port of oakland to sfo with the coronavirus is cause a lot of people to forget traveling plans. We begin with michelle kingston live tonight from the port show. What we cant see from here but were told about 100 passengers are getting off the boat every hour we just learned about 1400 people have sense a guy off the boat, which means the got about 2000 more. And that should take place tomorrow and into thursday. 45 getting off the ship getting on with the next incredible adventure steven smith and his wife michelle hope to disembark the grand princess cruise ship tuesday night after being stuck inside th
600. 00 people in the u. S. We are going to take care of that have been taken care of the American Public and the American Economy we are going to be asking tomorrow were seeing the senate going to be meeting with House Republicans which mcconnell everybody in discussing a possible payroll tax. Cut or relief substantial really very substantial relief thats a big thats a big number. That coronavirus years plus an Oil Price War have paid a big plunge in Global Stock Markets on monday it was the worst 1. 00 day drop on wall street since the 2008 financial crisis where the dow jones falling more than 7 percent they were so bad trading was suspended at one point to cool off the mouth Tom Kristensen only has a report from neil. The opening bell investors were sounding the alarm a massive stock selloff amid growing fears that the coronavirus was evolving from a Health Crisis to an economic one as more people stay home cancel trips and reduce their spending Walking Around new york today or eve