Though still awaits aprooul from the house of rep sentives. That vote expected tomorrow. Jobless claims surging above 3 million americans, far outpacing the record of 700,000 and also well above what economists were looking for around 1. 5 million unemployment claims and the virus itself remains front and center for wall street as italy reports more than 6,000 new cases, the most in five days, the worldwide total now shy of half a Million People wilfred. All of the sectors of the s p higher up 4. 7 . All higher, but one to keep an eye on is energy it has been the best performing. Its now towards the bottom. Still up by 4 oil prices slipped a lot this afternoon. Theyre down 7 , so well hope that doesnt drag the rest of the market lower weve got a huge lineup of gu guesting coming your way, ceo of General Mills, plus peter orszag whether he thinks the stimulus bill is enough to ease the pleading and well speak with the ceo of hertz about their program the give free rentals to new York Ci
Ahead. Well tell you how to cash in. And alibaba is surging as amazon stalls out but we want to know which is the better buy the action begins right now. Lets get right to it car stocks have been on fire ford, general motors, both up 5 avis is up 15 while hertz is up 22 . Is is it too far, too fast mike yeah, i think it is a little bit. Im not sure, maybe some optimism coming from the fact that theres going to be some car purchases related to what obviously the disaster going on in houston but the fact of the matter is that the secular head winds for the rental Car Companies and major auto manufacturers remains in tact. Even know with the stocks having done well this week, multiples tell you this. You wouldnt see them trading at sempb, eight, nine times earnings i think they believe well maybe hit pique. I typically agree with mike and carter theyre smarter than i am. Look at ford over the last three and a half, four years series of lower low, lower highs on a Broader Market tape thats
And alibaba is surging as amazon stalls out but we want to know which is the better buy the action begins right now. Lets get right to it car stocks have been on fire this week despite a mixed bag for sales. Ford, general motors, both up 5 avis is up 15 while hertz is up 22 . Is is it too far, too fast lets get in the money right now. Mike whashg mike, what do you think . Yeah, i think it is a little bit. Im not sure, maybe some optimism coming from the fact that theres going to be some car purchases related to what obviously the disaster going on in houston but the fact of the matter is that the secular headwinds for the rental Car Companies and major auto manufacturers remains intact even know with the stocks having done well this week, multiples tell you this. You wouldnt see them trading at seven, eight, nine times earnings i think they believe we already maybe hit the peak already i typically agree with mike and carter theyre smarter than i am. Look at ford over the last three and
Well have a live report from miami in just a few minutes. Who insist on staying. Happening today, there could be a rally in oakland regarding daca, but so far, Officials Say the organizers have not pulled a permit nor shared a route. At 2 00 this afternoon, a group is planning to rally near the plaza. Similar to this one. Oakland promises the Police Department is prepared to address any criminal behavior. The city did not say how they were notified, but did send out an email to make people aware of it. First responders are in alameda county. This morning, urban shield continues in castro valley. Eric thomas got an inside look at the training in pleasonton yesterday. Want to get to the source of bleeding, pack that in there. This was the day for vendors to show off their products. Yes, they were guns and night scopes, but they make mannequins with life like injuries you might easily suffer in a Natural Disaster as in a terrorist attack. Militaries, any Emergency Service really woul requ
Atmosphere this saturday. This fitness class has come up with a new plan for this saturday. They wont be here on the field. The instructor says hell move the class to the marin head lands which isnt convenient for some clients who say they have plans. They just cant invest that much time in going that far this saturday. Unfortunately, i wont be able to make it to that so i will be missing out on a workout from the weekend from that. Given whats happened recently i can see why people are doing it. Its better to be safe than sorry. Our members are, you know, number one priority, so were thats why were moving away. No cars or bikes will be allowed from the main post to the palace of the fine arts so that impacts all the presidio businesses, including the ymca. It will shut down on saturday and so will the Bowling Alley and all saturday birthday parties will have to be rescheduled or cancelled. The list goes on and on. National park service has said unless youre attending the rally you sho