A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
Coronavirus cases top 2 million in the u. S. As the number of infections rise in texas, california, and florida, all recently reopened states. Not even thinking about thinking about raising rates. A dovish jay powell sends global stocks and treasury yields lower. Most fomc measures see rates zero through 2022. It raises concerns about the real state of the economy. Nd capitalizing on chaos Goldman Sachs makes 1 billion from the oil market turmoil. Drivingp sees its bond trading revenue. Big on europe. We are seeing futures. 2 losses point two losses on the indexes. Most of the major indexes were less than 1 . Drops in the u. S. After that fed meeting. Jay powell saying hes going to keep rates at zero through 2022. It looks like the market is now concerned about the strength of the underlying economy considering those comments. U. S. Futures down 1. 5 in terms of the dow and the s p. Anna in terms of the underlying economy, concerned also about the rise in the rate of infections in the
Told, is friday at 5pm. Weve been told that our flight season. Away from football, some after the town was evacuated due has been cancelled. To flooding fears last week. Its not going to be rebooked today. Picket news with pakistan parting i rang British Airways and they said company with their coach Mickey Arthur after failing to reach the hundreds of British Airways flights they cant do anything are cancelled and delayed, for us over the phone. Knockout of the world cup. He could as the airline suffers technical be in line to take over in the same problems with check in. 15 million customers role with england when trevor we are trying to get to stockholm. Will benefit from Cheaper Energy bills because of a change bayliss departs. More to come in all our next flight, weve been told, is friday at 5pm. In the price cap. Those stories at around 2 30pm. Weve been told that our flight has been cancelled. Its not going to be rebooked today. The board masters festival in British Airways has
Witnesses today, and ill save the introductions. I know there are a couple introductions that will be made from up here. This morning well go ahead with our Opening Statements, myself and senator cardin, and then were honored to have both the chairman and the Ranking Member of the whole committee here. So senator barrasso, senator carper, and then i understand senator cardin, you have an introduction to make also. Yes. All right. Well do that. Lets recognize first senator carper, because hes going to be coming back and doing his a little bit later. Just very briefly, welcome to this important hearing. I want to thank our chair and Ranking Member for pulling us all together and giving us a chance to say something. I have a statement. I would like to ask unanimous consent it appear in the record. And if i have a chance to come back and give it live later this morning, i will do that. Again, its good to see you all. Thank you for joining us. This is important. Important stuff. Thank you,
Stipulation, what are you looking for . That is where you see People Holding on looking for the quick snap backs saying im out. Ive seen this happen in the equity space. That does not mean we will see a quick snap back. Is now signals to me were going to see this market level off and sideways trade backandforth. We may see the market down 300, i don terms of the vix, think we have hit that point. Im just looking at some notes here. I think we will see a little bit of a mindset. Instead of the trading range being knighted in a half or 12, we saw the elevated a little bit. We saw the market big in the morning, but what happened . Vix was also up. That was kind of the key that maybe something has happened here. Im looking at that in an opposite way. Im kind of seeing signs that that may just be coming down a little bit. [no audio] [no audio] in the meantime, i wanted to nt out is julia mentioned ou look at the chart, we had the biggest oneday decline since december of 2008. It has come ba