Then nikolas partnership with gm. Why both stocks are set to surge despite of course the broader selloff. And finally, this tesla snub. The s ps decision to leave tesla out of its benchmark having a huge impact on the stock. Not the only reason, of course well explain why later on this hour jim, thank goodness youre back, man. It was good to get your take from home at least on friday amid this madness. Well, ill tell you, what i saw last week and i see today is this parabolic move. Look, fridays close, i thought it was what we would call phony. I mean the big rally please i didnt think there was anything to it other than Short Covering i think well revisit the lows that we saw friday and then we have to rethink, because the selling, frankly, is too hard this morning that doesnt mean that i dont think ultimately the people who dont know what they own shouldnt sell, im saying this is just trying to find price discovery, where we were friday, and then we able to figure out what to do davi
There are two parts to the story here. The first is the spike in coronavirus cases which the market seems to be shrugging off. But the second part is stimulus, extension of the ppp program. Which is more important right now. At least when it comes to investors. I think the shrugging off part is the most important. Investors saying no matter what happens with the coronavirus well not go back into lockdown and number two, the ppp and other stimulus measures will over the past several months help dampen the blow lets say. Jackie right. Sometimes the markets can be spot on sort of looking forward. You mentioned the fact they think no more shutdowns. Well continue to recover. The economy is going to reopen slowly but surely. Sometimes the markets will get it wrong. What if there is an unforeseen event here . What if the young people that are contracting the virus do potentially spread it to the more vulnerable and older populations . What if the market is miscalculating adam . I dont think
Di Corporate Funding is provided by. Welcome to firing line,g, sheryl sandbnd welcome back to firing line, david miliband. Good to be with you. Thank you for having us. David, you are the president and the ceo of the International Rescue committee, and, sheryl, you are, of course, the chief operating officer of facebook. E and o of you teamed up to write an article entitled a second covid crisis is coming. And the subtitle was, if dont act now, women an girls will be suffering from the pandemics fallo for dades. Sheryl, id like to go to you first. Why did you and david te up to write this oped . Well, every time it exacerbatesrgency, underlying inequality, and vulnerable populations are often hit the hardest, and all over the world, that iwomen and girls. And so when you have a crisis like this, if we dont have t a gender lens s, if we arent focused on preventing genderbased violence increases, which are already happening, and makg sure women and girls get the resources and the service
Additional funding is provided by. By. Rate funding is provided wcome to firing line, sheryl sandberg, and welcome back to firing line, david miliband. Good to be with you. Thank you for having us. David, you are thpresident and the ceo of the International Rescue committee, and, sheryl, you are, of course, the chief operating officer of facebook. And the two of you teamed up is write an article entitled a second covid is coming. If we dont act now, women and girls will be suffering from thf pandemiclout for decades. Sheryl, id like to go to you first. Why did you and david team up to write this oped . Well, every time theres an emergency, it exacerbates underlying inequality, p and vulnerabulations are often hit the hardest, and all over the world that is women and girls. And so when you have a crisis like this, if we dont have a gender lens on this, if we arent focused on preventi genderbased violence increases, which are already happening, and making sure women and girls get the reu
Correction i wanted to see the market get back to at least flat on year. Now worry below that i didnt want it for the reason that we are currently experiencing it but the world didnt give you that choice. But i did feel we are extended in a lot of areas. A lot of that has been corrected very quickly i want to give you examples that i think are illustrative of what is happening out there airlines are down 9 in two days getting worse by the minute. Somis are down 10. 5 in two days nvidia made a new record high this time last week. Down 18 from that record high parabolic moves to the downside. The s p 500 this morning at its worst level was off 6. 4 from its highs. Nasdaq off 8. 2 vix at the highest level since december 2018. What does all that mean . This is preferable to a turnaround tuesday failed rally that falls apart by the end of the wee and then we sell off into friday, people worried about, you know, oh, whats going to happen this weekend this is better lets get it all out master