Relatively good news out of new york where hospitalizations continue to decline although there is a spike in deaths in the state. The governor is worried, outlining for folks the idea of a staggered reopening of the state. Only 45 minutes after new yorks mayor bill de blasio was saying look, it is looking like june. That the city will not be able to open up before june. That was not exactly worthy after fox news or fox business alert. No shocker there. A highranking mayor of the city was making it official all you needed to hear, wow, this whole comeback for the economy which cant get any robust way without new york kicking in is not likely to happen. So that is kind of been pulling and pushing at investors today. Jackie deangelis has more on all of the above. Hey, jackie. Reporter good afternoon. Good to see you, neil. Thats right, the market is paring the losses right now. Youre right stocks are kicking off the week in the red after a very strong week last week. Investors are cautiou
Move the brexit talks into phase two on trade. The crisisreport on in myanmar. Doctors without borders says 1600 Rohingya Muslims were killed in just one month of a military crackdown. Up, a major decision expected in the u. S. Today on whether internet providers should be able to prioritize access to some websites. More on the Net Neutrality debate in our business update. Becomes theyek latest hollywood actress to accuse producer Harvey Weinstein of harassment. More on her scathing oped on the way. First our top story live from paris. Genie russian president Vladimir Putin is holding his annual press conference in moscow today. 1600 journalists rx are attending the conference which up to past has lasted five hours. It is his first big public appearance since he announced he would be running again next month. Thomas low is listening to the press conference. There have been lots of questions about all sorts of subjects today. In particular about the doping scandal that band russian athl
Extraordinary upside moves we saw this year but now the action is just as extraordinary on the downside as what we saw moving higher since we turned the calendar. This is when we start to dust off the old adages down is quicker typically than the up markets weve had all a rise, we dont have to remind you of that, but the we have to pay the piper and the dow is down by the way, you cant compare the percentage terms down 802 on the dow. Biggest point decline prior to this was 776 during the financial crisis now, back then it was 7 , 8 drop today were talking 3 its rare to see that kind of move well show you everything going on with the spiking volatility. Its unsettling because it happens all at once. Well bring mike santoli in in a little bit we were talking about how the market has changed in 2018 compared to what we saw the last couple of years. Where most days the move higher would be a small one we were hitting base hits or doubles or something now weve been hitting home runs both u
It didnt matter. And the market went down anyway. Dow sinking 196 points, s p falling 1. 35 and the nasdaq declining. 93 . How can that be . Hey, isnt this a market of individual stocks. No, not right now. Nope. You see, we have some Disturbing Trends in the overall market that trump the achievements of Single Companies and even whole sectors. And right now, no trend freaks out investors more than the total collapse of oil prices. When the highspeed traders who dominate the stock market see Energy Declines like today with oil down more than a buck and a half to 44, a level we havent seen since the great recession, they dont just sit there and pick among the stocks the benefit from cheaper oil while dumping the oils themselves that wouldnt be a rational move. No, they sell the only thing they seem to know how to sell. The whole s p 500. They cant waste time picking and choosing among individual stocks. They know that when oil goes down they need to blast out of everything. Because thats
7. 3 , heres the logical question nobody ever asked. How exactly do we bargain hunt successfully . Whats the secret to successful bargain hunting . Well, its actually much more simple. I hate to make thingses difficult. We just look at the best performers from the quarter that just ended. Theyre the logical places to go, especially since nothings happened to change their fortunes in the last week and a half so lets get right down to it. You know what was the top quarter . Its the Top Performing stocks of the second quarter, it took me by surprise. I hit it up a bunch of times. Williams company and thats where the symbol came from. And its always been a strong competitor, and its now a powerhouse, why . Because it bought access midstream partners. Yes, it paid up 50 , but this acquisition was incredibly added to earnings in what looked like an overpayment turned out to be totally justified. This is what it looked for, acquirers people mlps, National Partnerships and hard to imagine the