White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Weight loss drug trial and we look at one business segment critical to growing the economy but unaffordable for many child care the ceo of Bright Horizons joins us with the stock up more than 45 so far this year first, though, lets talk about the market dom chu has the numbers. Down and in the red if you look at the picture overall, were hovering towards the lower end of the trading range. The dow is down about 290 points or three quarters of 1 to the downside the s p 500, the broader measure of the market, up 4479, down 39 points, or about nearly 1 , as well you can see there just for context, its been a down day overall. At the highs, we were still down 20 points and down 54 at the lows ill call your attention to just one number, were not really there yet. But watch 4421 some traders are talking about that as a target that they are watching right now, the 50day moving average for the s p 500 we havent been towards these levels since going back to the memorial day holiday, around that
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