Gap, all falling very hard as you can see there. Well go shopping for opportunity in that Retail Sector later on, buy gold now thats the message from one top wall street firm we will debate if there is any shine left in that big trade we start first with breaking news out of disney the stock is moving lower in the after hours session as the Company Announces some very, very major job cuts. Lets get to our own Julia Boorstin with the details. These are tens of thousands. Thats right. Disney is laying off 28,000 domestic employees, hourly, sal rye e aried and executive roles. In light of the prolonged impact of covid19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic exacerbated in california by the states unwillingness to lift restrictions that would allow disneyland to reopen, we have made the difficult decision to begin the process of reducing our workforce at our parks, experiences
Companies that will start to benefit most. A lot of the companies that have been benefiting, the companies that will benefit most from this , not just the Big Companies like amazon, you have a lot of Small Companies that will all benefit from this. Peloton is one. We will get those earnings after the bell today. It will be interesting to see what they have to say. Lets get a broader breakdown of what happened in the markets. Taylor riggs is standing by with that report. Risk on acrosstheboard with tech leading the gains. Betterthanexpected results from countries like google. The small midcaps are outperforming 90 of those midcaps. They are up. I want to flip the board and show how far we have come from march 23. We are now up more than 31 , going back to the highest since march 6. We are on track for the best month since 1974. I want to flip the board again. Google had betterthanexpected results. Facebook had some positive momentum today. Tesla is still waiting to come out. Chris out e
That 22,000 milestone which we are back above once again even though the s p and nasdaq lagging, weve had this divergence recently, especially between the nasdaq and dow, and that divergence continuing today. We havent had the confirmation high by the record other major averages. Also, keep in mind that in terms of what professional traders watch, its not typically the dow. Theres not a lot benchmarked against the dow, which is a price weighted average versus the market cap weighted averages of the s p and nasdaq. Something else to keep in mind about the dow plus gain today. Lets take a look at mov on the bloomberg picked this looks at the movers within a given index. You can buy index points, which individual stocks are contributing the most. We had the scatterplot on the upper right. Tc most of the stocks that are detracting or contributing, and the range of 20 points to the dows gain. Then you have one stock way over in the corner. That dot is representing apple, which is accounting
That 22,000 milestone which we are back above once again even though the s p and nasdaq lagging, weve had this divergence recently, especially between the nasdaq and dow, and that divergence continuing today. We havent had the confirmation high by the record other major averages. Also, keep in mind that in terms of what professional traders watch, its not typically the dow. Theres not a lot benchmarked against the dow, which is a price weighted average versus the market cap weighted averages of the s p and nasdaq. Something else to keep in mind about the dow plus gain today. Lets take a look at mov on the bloomberg picked this looks at the movers within a given index. You can buy index points, which individual stocks are contributing the most. We had the scatterplot on the upper right. Tc most of the stocks that are detracting or contributing, and the range of 20 points to the dows gain. Then you have one stock way over in the corner. That dot is representing apple, which is accounting
Anthony scare my think from skybridge capital. You hate when i do this, dont you. Melissa you are the tweeting or texting breaking news. Im telling them im on the show. Melissa people are right there out in front of you. You dont need to weet to them. Sometimes i wann them to know. You know. It does work on occasion. Melissa okay. So the combination, republicans controlling both houses, the presidency and democratic hands, that historically generally. You know, statistically that has been the best. I would say one caveat to that is, in this case because it looks like republicans are going to win. We dont know how much, and say they have a decent mandate. They pick up seven seats. You would think that president obama would play ball with them on some degree of regulatory reform, on some degree of tax reform and Obama Melissa maybe it is not that. Maybe like true deadlock with a president and congress with true deadlock. Is in the president goes on the offensive, grants massive amnesty f