Tell those guys, there may people. Before we get to the markets take a look at yellow truck down about 25 . It has been gyrated wildly since last week on news that it would file for bankruptcy and today that happened, the stock is at 2. 67 but it morphed into a mean stock that Retail Investors are playing very heavily. This month alone is pop 55 with jawdropping selloffs and quarter to date it has soared 283 , Charlie Gasparino is looking at the funds he is back he has some news on who needs to stand to lose and when. Even if you dont own the stock. Lets get to the market after the worst week of march, the flipping the script and given the role of protagonist to the bulls at this hour as we kick off the final 59 minutes of trade, Dow Jones Industrial of 405 points. The dow lost 393 points total last week driven by the fitch downgrade of the credit worthiness from aaa to aa plus. Along with investors with the Quarterly Report those losses and raced we are up we are not down like we were
This technological revolution is present all barriers, even potentially becoming the heart of our National Security apparatus. We could be like ostriches if our hands in the sand if we dont address it hereon that money. I think eventually it could be the key to making the biggest amount of money over the next half decade that we can do, not just the next week, or next month, or quarter, as the professional bubble bursters and all their negativity keep cleaning, and they are all rallying, it drives me crazy. So on a day when the averages regrouped after a couple of days of pain, the dell up 86, 5. 1 , nasdaq up, why dont we just spell out the stakes here . So you know what im really thinking . First one of the few tech stocks has been able to hold his head up this week because it has the cards, the graphics processing units or gpu cards. Each and video semirun much faster than any other with the sole exception of amd, which is their real competitor. The next generation will far exceed w
transitory. i was not expecting multiple variances covid. hidened threat advisory some of the factors contradicting to the threat are roe v. wade. this would be a great opportunity for this administration to step up and lead and to tone things down. gas prices hit another record high today. now on the verge of $5 a gallon. it would be cheaper to buy cocaine and just run everywhere. steve: good morning, warsaw, virginia. this is your 6:00 a.m. wake-up call and you have got a beautiful day. right now it is 27 degrees there you are going for a high hey getting towards the summer. it s going to be 88 there and partly cloudy throughout the day. ainsley: look at that patch of grass i just want to run. steve: we just heard john kennedy talking about using an illegal drug and running everywhere instead of buying gas. ainsley: that s not what i meant. steve: welcome aboard, we are here on the mezzanine level of studio m and pete is in for brian. pete: i want to
Cut. Also ahead, a rough morning for Health Insurers. Medicare investment rates come in short of expectations. Ge shares have been up sharply. The company now completing its final split by spinning off its Power Generation business. Ge aerospace ceo and larry culp and ge fernova scott stray sikh joining us a little later. We mentioned the tenyear going back close to 4. 4. This started with the ism data yesterday. Its constant. You look at it, just drips and drabs. The market is reacting in a curious way. Yesterday the nasdaq finished up. I thought that was incorrect. These are the stocks that should be getting hit, david. I do think this is a very important moment in the market because we had for dot ten about ra rates. Well, we did yesterday. A mistake for the nasdaq to be up . What does that even mean . I mean if rates go up, you want to sell the high multiples you also want to keep an eye on the companies that have a debt stack that needs to be refinanced. There were hopes at the ea
Are being led by an outrageously bullish combination of stocks, that should not be going higher at the same time. Nobody wants to say it, but i dont know if i can recall a moment where we had such disparate stocks climbing together to new highs. You asked me a few weeks ago, i would have told you this combination today is not conceivable. That is what has happened. Dow getting another 350 points today, s p, record close. Nasdaq, you guessed it, record close. This actually defies the whole nature of the conventional wisdom of what can happen when we are at this part in the cycle. For the old days, crashing in 2008. We would be celebrating daily today, so now in a certain respect, they just try to ignore what is happening, so they can o back, go back to talking about how the consumer is tapped out, or something we learned about from some incredibly weak retail Sales Numbers just this morning, or how inflation is still raging, and it is frightening the budget deficit, a Consumer Price ind